With public funding only able to meet a fifth of the 1.8 quadrillion VND (80 billion USD) required for development works in HCM City’s in 2016 – 20, municipal authorities are striving to involve the private sector.
HCM City will need massive investment from the private sector if it is to meet its goals for transportation, flood control and other areas over the next three years.
HCM City is seeking more than 128 trillion VND (5.63 billion USD) in investment between now and 2020 for socio-economic development, according to the city’s Department of Planning and Investment.
More public-private partnerships (PPPs) are needed in the private health care sector as public hospitals and clinics cannot meet the demand across the country, experts have said.
Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a cooperation agreement for the two sectors’ sustainable development in Vietnam.
More than 112 trillion VND (5.02 billion USD) will be spent to improve flood prevention measures and dyke systems along the Hong (Red) River and Thai Binh River in northern Vietnam.
The Asian Development Bank (ADB) has approved a loan worth 500 million USD for Indonesia to continue its policy reforms to reduce barriers for investment and encourage more PPPs.
Capital from the private sector is expected to further increase in the coming years thanks to Public - Private Partnerships (PPP), according to independent market observers.
Mobilising resources from the private sector for transport infrastructure is posing a challenge for HCM City, which needs at least 60 billion USD until 2020 to carry out projects.
Ho Chi Minh City, the largest economic hub in the south, has great potential to become the leading destination of Meeting Incentive Conference Event (MICE) tourism in Southeast Asia, experts said.
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