PPP –optimal solution to infrastructure investment in HCM City

Public-private partnership (PPP) is one of the optimal solutions to investment attraction for infrastructure projects in Ho Chi Minh City, said Chairman of the municipal People’s Committee.
PPP –optimal solution to infrastructure investment in HCM City ảnh 1Illustrative image (Source: VNA)
HCM City (VNA) – Public-private partnership (PPP) isone of the optimal solutions to investment attraction for infrastructureprojects in Ho Chi Minh City, said Chairman of the municipal People’s CommitteeNguyen Thanh Phong.

The city has so far launched 153 PPP projects worth 451trillion VND (19.6 billion USD) , 23 of them valued at 71 trillion VND havebeen completed while others are in the preparatory phase, he said at aconference on June 14 to review investment attraction for PPP infrastructureprojects.

HCM City has issued a number of policies to improve businessclimate, notably the establishment of the PPP Steering Committee, he said,adding that it is working to set up the Project Development Fund (PDF) and the ViabilityGap Fund (VGF) to provide funding for PPP projects, he said.

According to Phong, from 2006-2020, the city’s capitaldemand amounts to 850 trillion VND but the municipal budget only meets 20 percent.

Total investment for transport, environment and floodingcontrol projects is estimated at over 500 trillion VND, but the city’s budget satisfiesa mere 31.8 percent, he further said.

Nguyen Thi Thu Hoa, Deputy Director of the municipalDepartment of Planning and Investment, said the city recorded 18 projects worthmore than 59 trillion VND in the build-operate-transfer, build-transfer,build-transfer-operate, and build-own-operate models during 2004-2015, 15 ofthem are in transport field.

After the government issued Decree 15/2015/ND-CP on February14, 2015 on investment in PPP, the city embarked on five projects with a totalinvestment of around 12 trillion VND.

A representative from the Ho Chi Minh City Finance andInvestment State-owned company (HFIC) suggested the city step up administrativereform, provide transparent planning information, and soon establish PDF andVGF to channel funding into PPP projects.-VNA
VNA

See more

Illustrative image (Photo: VNA)

Ministry responds to escalating global trade tensions

Amidst the complicated developments in the global market, the MoIT has directed foreign market departments and Vietnam’s trade offices abroad to closely monitor market trends, as well as economic, political, and policy changes in the region and the world that could impact trade with Vietnam.

The Vietnamese online shopping and food delivery sector used about 160,000 cardboard boxes and 171,000 tonnes of plastic, mainly single-use plastic, in 2024. (Photo: vneconomy.vn)

Ministry proposes developing green e-commerce law

The MoIT's draft proposal to develop the Law on E-commerce will be included in the National Assembly's law and ordinance development programme in 2025 and will be presented to the NA for consideration and comments in October 2025, before being approved at a NA meeting in May 2026.

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.