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HCM City to build 30km elevated road in 2017

 VietNamNet Bridge – Construction of HCM City’s elevated road No.5 linking Ha Noi Highway in Thu Duc District with the Tan Tao - Cho Dem junction in Binh Tan will begin next year.

Ministries disagree on Chinese-funded highway project

MOT believes Vietnam should borrow $300 million from China if it chooses Chinese contractors for the highway project, while the ministries of Planning & Investment (MPI) and Finance (MOF) say Vietnam needs to be more cautious about the project.

BT projects attract infrastructure investors

VietNamNet Bridge - BT (build, transfer) is an attractive investment mode because the regulatory law is unclear. With BT, projects can be implemented after the two sides reach agreement. 

HCM City gateway upgrade to cost $84m

 VietNamNet Bridge – HCM City will need an investment of nearly VND1.9 trillion (over US$84.4 million) to renovate a section of National Highway No 1A at its western gateway in Binh Chanh District.

SBV tells commercial banks to restrict disbursement for BOT projects

VietNamNet Bridge - The State Bank of Vietnam (SBV) has restricted disbursement of funds to implement BOT (build, operation, transfer) transport projects. The aim is to tighten credit for BOT projects. 

Is BOT the ideal investment mode for transport projects?

VietNamNet Bridge - BOT (build, operation, transfer), believed to be a good solution to transport projects’ problems, turns out to have a dark side. 

HCM City monorail line No 2 gets new costly project quotation

 VietNamNet Bridge – HCM City's monorail line No 2 linking District 8 with the Thanh Da - Binh Quoi Urban Area in Binh Thanh District will cost over VND15 trillion.

Private investors see opportunities in infrastructure development

VietNamNet Bridge - Many investors have registered to develop railways, airports, seaports and highways, but developing infrastructure, a lucrative business field, only suits financially powerful investors.

Private investors rush to pour money into infrastructure projects

VietNamNet Bridge - More and more private investors are pouring money into the infrastructure development sector, which the State dominated until 2012.

Gov't confident it will meet highway construction goal

 VietNamNet Bridge – Deputy Transport Minister Nguyen Hong Truong spoke on the Government website chinhphu.vn about work that still needed to be done to complete 2,000km of highways by 2020.

Localities bemoan lack of personnel for PPP projects

VietNamNet Bridge – A lack of qualified staff with good knowledge of public-private partnership (PPP) is the biggest concern of local government agencies.

BUSINESS IN BRIEF 28/12

Japanese IT firms zone in on Vietnam; Slow BOT projects face huge fines; Plant protection drug firms concerned about draft circular; Government urges implementation of PPP projects; Vietnam launches first rice bran oil product

Highway jammed by lack of compensation

VietNamNet Bridge – A shortage of compensation for site clearance has been blamed for delays to a project to expand the North-South National Highway 1A running through the two central provinces of Phu Yen and Binh Dinh.

HCM City seeks $15b for road development

VietNamNet Bridge – HCM City plans to mobilise capital through BOT (Build-Operate-Transfer), BT (Build-Transfer) and PPP (Public-Private Partnership) investment forms to further develop its road infrastructure,

Chinese plug into local power

 VietNamNet Bridge – Chinese investors are getting active in Vietnam’s power sector investment.

Transport projects thirsty for capital

 The state budget is not big enough to provide capital to all transport projects. Meanwhile, the idle capital in the society still has not been mobilized for the transport infrastructure development.