French group urged to expand investment in Vietnam

Prime Minister Nguyen Xuan Phuc has hoped that France’s VINCI Group will increase investment in Vietnam, especially in infrastructure and environment.
French group urged to expand investment in Vietnam ảnh 1Prime Minister Nguyen Xuan Phuc (R) and VINCI Chairman Jerome Stubler (Source: VNA)

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuchas hoped that France’s VINCI Group will increase investment in Vietnam, especiallyin infrastructure and environment.

At a reception in Hanoi on November 29 for visiting VINCI Chairman JeromeStubler, the PM spoke highly of what have been done by the group and its VINCIConstruction Grands Projects in particular in Vietnam, especially projects in environmentalprotection and wastewater treatment.

As Vietnam is in need of infrastructure development, especially expressways,the Vietnamese Government leader urged VINCI to continue engaging in projectsin this field, even purchasing the right to exploit expressways.

Vietnam’s urban areas are developing rapidly, posing an urgent need for cleanwater supply and wastewater treatment, he said, noting that it is a greatchance for VINCI to invest in the country.

He expressed that Vietnam wishes to select good and capable partners viatransparent biddings and VINCI may invest in the country in the forms ofbuild-operate-transfer (BOT) and public-private partnership (PPP).

For his part, Jerome Stubler said his group implemented a wastewater treatmentproject in Hoi An, the central province of Quang Nam 10 years ago and willcarry out a water supply project using high technology in Ho Chi Minh City inthe coming time.

He expressed wish to engage in other major water supply and drainage projectsin Vietnam and even urban railway projects in HCM City.

He also revealed that his group recently signed a cooperation agreement oninvestment in the Thanh Hoa-Ninh Binh section of the North-South Expresswaywith the Vietnam Expressway Corporation (VEC).

VNCI hopes the Vietnamese Government, ministries, agencies and localities willsupport the group in implementing this project, he said, adding that the groupwill contribute to human resources development in the country.-VNA
VNA

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