The Government has adopted regulations for piloting Public Private Partnerships (PPP) investment, focusing, first of all, on transport infrastructure development projects.
Two projects selected for experimental investment include the construction of Dau Giay-Phan Thiet highway and Lach Huyen port in the northern city of Hai Phong.
Opportunities for public-private investment are opening up for the building of airports, roads, bridges, tunnels, ferries, railways, urban transport, sea and river ports and other public services.
The regulations have been welcomed by local and foreign investors as they will provide both investors and authorised agencies with guidance on how a PPP-invested project will be carried out.
Nguyen Trong Nguyen, Chief Representative of Airis International Holdings LLC in Vietnam, which is one of the world’s leading aviation infrastructure developers, said the regulations will create a legal corridor for Airis to establish long-term investment projects in Vietnam.
Last April, Airis, together with its partners Zurich Airport, HSH Nordbank, and KFW, submitted to the Vietnamese authorities a PPP project to expand the Noi Bai international airport at a cost of 5-6 billion USD.
The Airis leaders were quoted by Dau Tu (Investment) newspaper on Nov. 12 as saying that a memorandum of understanding on the construction of infrastructural facilities at Noi Bai and Da Nang airports will be signed soon.
Besides Airis, British, Republic of Korea, and Italian investors also flocked to Vietnam in October to seek possibilities for PPP investment in infrastructure in Vietnam.
The British investors even expressed their wish to become Vietnam’s strategic partner in the field while French businesses plan to organise a PPP seminar during the French Week – slated for late November in Vietnam.
It is estimated that Vietnam will need at least 150-160 billion USD in the next decade for developing infrastructure, with half of the sum possibly covered by conventional investment channels./.
Two projects selected for experimental investment include the construction of Dau Giay-Phan Thiet highway and Lach Huyen port in the northern city of Hai Phong.
Opportunities for public-private investment are opening up for the building of airports, roads, bridges, tunnels, ferries, railways, urban transport, sea and river ports and other public services.
The regulations have been welcomed by local and foreign investors as they will provide both investors and authorised agencies with guidance on how a PPP-invested project will be carried out.
Nguyen Trong Nguyen, Chief Representative of Airis International Holdings LLC in Vietnam, which is one of the world’s leading aviation infrastructure developers, said the regulations will create a legal corridor for Airis to establish long-term investment projects in Vietnam.
Last April, Airis, together with its partners Zurich Airport, HSH Nordbank, and KFW, submitted to the Vietnamese authorities a PPP project to expand the Noi Bai international airport at a cost of 5-6 billion USD.
The Airis leaders were quoted by Dau Tu (Investment) newspaper on Nov. 12 as saying that a memorandum of understanding on the construction of infrastructural facilities at Noi Bai and Da Nang airports will be signed soon.
Besides Airis, British, Republic of Korea, and Italian investors also flocked to Vietnam in October to seek possibilities for PPP investment in infrastructure in Vietnam.
The British investors even expressed their wish to become Vietnam’s strategic partner in the field while French businesses plan to organise a PPP seminar during the French Week – slated for late November in Vietnam.
It is estimated that Vietnam will need at least 150-160 billion USD in the next decade for developing infrastructure, with half of the sum possibly covered by conventional investment channels./.
