Illustrative image (Photo: VNA) Hanoi (VNA) – Maxfield Brown, a representative ofDezan Shira & Associates, has said it is time for foreign investors to pourcapital into infrastructure in Vietnam.
In his view, foreign direct investment in moderntransportation infrastructure will help improve Vietnam’s competitiveness.
Chairman of Confexhub Group Datuk Abdul Aziz S.A Kadir alsosaw opportunities when the Vietnamese government is striving to attractdomestic and foreign investment in transportation and infrastructure projects,saying that Vietnam not only needs capital but also specialisedtechnical knowledge, thus offering good chances for foreign investors,including those from Malaysia.
According to him, conventionalfunding sources, such as the State budget and official development assistancefrom bilateral and multilateral donors, and government bonds, could only coverabout half of the demand.
Investors at home and abroad areexpected to be involved in infrastructure development through public-privatepartnership model, he said.
Deputy Director of Ho Chi Minh City’sInvestment and Trade Promotion Centre Cao Thi Phi Van said among 210 localprojects calling for investment, many of them are in infrastructure that caughtinterest of Malaysian investors.
Ho Chi Minh City always welcomesforeign investors, including those from Malaysia, to invest in trade,technology, culture, tourism, environment and infrastructure, she said, adding thatthe city is particularly interested in transportation infrastructure projects,including six metro lines that are pitching to capital, apart from industrialpark and logistics infrastructure.
Tran Ngoc Chinh, Chairman of theVietnam Urban Planning and Development Association, said Vietnam’s road andrailway infrastructure remain poor so that more expressways need to be built inthe future.-VNA
In his view, foreign direct investment in moderntransportation infrastructure will help improve Vietnam’s competitiveness.
Chairman of Confexhub Group Datuk Abdul Aziz S.A Kadir alsosaw opportunities when the Vietnamese government is striving to attractdomestic and foreign investment in transportation and infrastructure projects,saying that Vietnam not only needs capital but also specialisedtechnical knowledge, thus offering good chances for foreign investors,including those from Malaysia.
According to him, conventionalfunding sources, such as the State budget and official development assistancefrom bilateral and multilateral donors, and government bonds, could only coverabout half of the demand.
Investors at home and abroad areexpected to be involved in infrastructure development through public-privatepartnership model, he said.
Deputy Director of Ho Chi Minh City’sInvestment and Trade Promotion Centre Cao Thi Phi Van said among 210 localprojects calling for investment, many of them are in infrastructure that caughtinterest of Malaysian investors.
Ho Chi Minh City always welcomesforeign investors, including those from Malaysia, to invest in trade,technology, culture, tourism, environment and infrastructure, she said, adding thatthe city is particularly interested in transportation infrastructure projects,including six metro lines that are pitching to capital, apart from industrialpark and logistics infrastructure.
Tran Ngoc Chinh, Chairman of theVietnam Urban Planning and Development Association, said Vietnam’s road andrailway infrastructure remain poor so that more expressways need to be built inthe future.-VNA
VNA
