UK keen to be key in public-private partnership

An UK diplomat has expressed interest in his country working as
Vietnam ’s key partner in the Public Private Partnership (PPP) sector as
there is now a great emphasis on PPP from both Government and the
public sector in Vietnam.

Kate Harrison, Deputy
Head of Mission , British Embassy, said at a workshop in Hanoi on
October 11 that the UK could share its experience with Vietnam at a
time when the latter is looking at new ways of finding finance for
crucial infrastructure projects.

“PPP has been a
cornerstone of the modernisation of public service delivery in the UK
with more than 900 projects, involving private finance of around 100
billion USD approved in the UK in the last 12 years”, the British
diplomat said as an illustration of UK experience in this field.

Vice Minister of Planning and Investment Dang Huy Dong shared his
view, emphasising that the PPP would certainly bring great benefits for
infrastructure development in Vietnam .

He said the
legal framework of the PPP model had been submitted to the Prime
Minister for approval and a number of pilot projects in infrastructure
development were underway.

British businesses’
executives shared experiences in making the legal framework of the PPP
model, plus how to establish infrastructure PPP projects in an emerging
market, how to avoid disputes and how to enhance transport development
through PPP.

Prince Andrew, The Duke of York and the
UK Special Representative for International Trade and Investment,
appreciated bilateral relations between the UK and Vietnam .

“Two key areas of this relationship cover trade and development: both
are essential elements for a country’s wellbeing; and as part of that
relationship we see the concept of PPP as being a key ingredient to
deliver the necessary infrastructure which will bring increased trade
and investment”, said the Duke of York./.

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Infrastructure projects seek investors

Can Tho asked to turn into hub of Mekong Delta

Vietnam is calling for infrastructure investment under the Public-Private-Partnership (PPP) model as funds from the State budget, Government bonds and ODA (Official Development Assistance) capital are insufficient to meet demand.

Dang Huy Dong, deputy minister of Planning and Investment, said Vietnam hoped to cooperate with Italian businesses to attract capital and exchange work experiences in infrastructure improvement.

Dong spoke at a conference on Vietnam's infrastructure development held in Ha Noi this week by the Ministry of Planning and Investment, in collaboration with the Italian Trade Commission and the Transport Ministry.

The Italian ambassador to Vietnam, Andrea Peregini, said his country had used the PPP model for several projects that were expected to be profitable in the future.

"Italian businesses are interested in highway projects in Vietnam because similar projects under the PPP model in Italy had been successful," he added.

Marco Saladini, Italian trade commissioner in Vietnam, said more than 5,000 kilometres of highway in Italy were built mainly under the PPP model by large European companies.

Apart from highway projects, Italy has used the PPP model for underground parks as well as electricity and transport-management projects.

Saladini said the Vietnamese Government had implemented an online auction for projects that was more transparent than in the past, creating a more favourable climate for investors.

He added that Italian businesses were committed to creating jobs for local workers at their projects in Vietnam.

In the 2006-10 period, investment capital for infrastructure development was about VND140 billion (US$28 billion) per year.

However, the need for transport, energy and environmental projects has not yet been met.

Dong said infrastructure improvement was the top priority for Vietnam because of increased development.

Vietnam needs to have 3,000-5,000km of highway, 300-400km of metro, and dozens of seaports in the next 10 years.

To meet the demand, Vietnam needs to attract billions of US dollars to develop infrastructure in the next five to 10 years.

To meet the demand, Vietnam needs to attract billions of dollars to develop infrastructure in the next five to 10 years.

Vietnam has used the PPP model to attract more private and foreign-direct invested capital for its projects, including the Ninh Binh-Thanh Hoa Highway and Dau Giay-Phan Thiet Highway. The two highways are expected to be completed by 2014.

Other projects using the PPP model include Highway No.1 Upgrade Project, Ha Noi-Lao Cai Railway, and Phnom Penh-HCMC Highway, according to the Ministry of Transport.

In the near future, Vietnam will call for more PPP and FDI capital for transport projects, such as Da Nang-Quang Ngai, My Thuan-Can Tho, Noi Bai-Ha Long, Dau Giay-Da Lat, Ben Luc-Long Thanh, the international port in Hai Phong and HCMC-Can Tho Highway.

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Infrastructure projects seek investors

Construction work on Ngoc Thap Bridge which is being built with State fund in the northern province of Phu Tho. The Government is looking for investment under Public-Private Partnership into infrastructure projects. — VNA/VNS Photo Anh Ton

HA NOI — Viet Nam is calling for infrastructure investment under the Public-Private-Partnership (PPP) model as funds from the State budget, Government bonds and ODA (Official Development Assistance) capital are insufficient to meet demand.

Dang Huy Dong, deputy minister of Planning and Investment, said Viet Nam hoped to cooperate with Italian businesses to attract capital and exchange work experiences in infrastructure improvement.

Dong spoke at a conference on Viet Nam's infrastructure development held on Monday in Ha Noi by the Ministry of Planning and Investment, in collaboration with the Italian Trade Commission and the Transport Ministry.

The Italian ambassador to Viet Nam, Andrea Peregini, said his country had used the PPP model for several projects that were expected to be profitable in the future.

"Italian businesses are interested in highway projects in Viet Nam because similar projects under the PPP model in Italy had been successful," he added.

Marco Saladini, Italian trade commissioner in Viet Nam, said more than 5,000 kilometres of highway in Italy were built mainly under the PPP model by large European companies.

Apart from highway projects, Italy has used the PPP model for underground parks as well as electricity and transport-management projects.

Saladini said the Vietnamese Government had implemented an online auction for projects that was more transparent than in the past, creating a more favourable climate for investors.

He added that Italian businesses were committed to creating jobs for local workers at their projects in Viet Nam.

In the 2006-10 period, investment capital for infrastructure development was about VND140 billion (US$28 billion) per year.

However, the need for transport, energy and environmental projects has not yet been met.

Dong said infrastructure improvement was the top priority for Viet Nam because of increased development.

Viet Nam needs to have 3,000-5,000km of highway, 300-400km of metro, and dozens of seaports in the next 10 years.

To meet the demand, Viet Nam needs to attract billions of US dollars to develop infrastructure in the next five to 10 years.

To meet the demand, Viet Nam needs to attract billions of dollars to develop infrastructure in the next five to 10 years.

Viet Nam has used the PPP model to attract more private and foreign-direct invested capital for its projects, including the Ninh Binh-Thanh Hoa Highway and Dau Giay-Phan Thiet Highway. The two highways are expected to be completed by 2014.

Other projects using the PPP model include Highway No.1 Upgrade Project, Ha Noi-Lao Cai Railway, and Phnom Penh-HCM City Highway, according to the Ministry of Transport.

In the near future, Viet Nam will call for more PPP and FDI capital for transport projects, such as Da Nang-Quang Ngai, My Thuan-Can Tho, Noi Bai-Ha Long, Dau Giay-Da Lat, Ben Luc-Long Thanh, the international port in Hai Phong and HCM City-Can Tho Highway. — VNS

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Italian investors keen on Vietnam’s infrastructure

Italian enterprises are interested in infrastructure investment in form of public-private partnership model in Vietnam, especially in developing highways

Photo: VNA

Italian enterprises are interested in infrastructure investment in form of public-private partnership (PPP) model in Vietnam, especially in developing highways.

At a workshop on developing infrastructure in Vietnam held Monday in Hanoi , Italian Ambassador to Vietnam Andrea Perguni said the PPP model has been successfully applied in his country and the embassy has introduced several projects in Vietnam to Italian enterprises.

According to Counsellor Marco Saladini of the Italian Trade Commission, Italy is experienced in building infrastructure facilities as the country has 5,000 km of highways mostly built in the form of PPP.

Italian investors are interested in building underground car parks, highway and power projects in Vietnam, he said at the workshop, which was jointly organised by the Ministries of Planning and Investment and Transport, and the Italian Trade Commission.

However, he expressed concerns about shortcomings in the current tender process in Vietnam , saying most major Vietnamese enterprises still enjoy State support in infrastructure development.

Statistics released by the Asian Development Bank (ADB) showed that the capital flow into infrastructure development in Vietnam between 2006-2010 was estimated at US$140 billion, a modest amount compared to the real needs of transport, energy and environment projects. Therefore, there are many investment chances for investors in the PPP form.

The country will need to build 3,000-5,000 km of highways, 300-400 km of metro lines in the next 10 years, requiring hundreds of billions of US dollars.

However, the State budget, government bonds and ODA will be able to meet only half of the demand, therefore, it is necessary to attract private-sector and FDI capital, according to ADB.

Deputy Minister of Planning and Investment Dang Huy Dong said Vietnam gives top priority to infrastructure investment and is implementing pilot PPP investment to attract capital from the private sector.

A representative from the Transport Ministry said that several transport projects, including the upgrading of National Highway No. 1, Ha Noi-Lao Cai railway and Phnom Penh-Ho Chi Minh City highway are being implemented by using FDI and PPP capital.

Vietnam is calling for PPP and FDI capital in such highway projects as Da Nang-Quang Ngai, My Thuan-Can Tho, Noi Bai-Ha Long, Dau Giay-Da Lat and Ben Luc-Long Thanh, and other transport projects, including Hai Phong international port and HCMC-Can Tho express railway.

 

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Italian investors keen on Vietnam’s infrastructure

Italian enterprises are interested in infrastructure investment in form
of public-private partnership (PPP) model in Vietnam , especially
in developing highways.

At a workshop on developing infrastructure in Vietnam held on Oct. 4
in Hanoi , Italian Ambassador to Vietnam Andrea Perguni said the PPP
model has been successfully applied in his country and the embassy has
introduced several projects in Vietnam to Italian enterprises.

According to Counsellor Marco Saladini of the Italian Trade
Commission, Italy is experienced in building infrastructure
facilities as the country has 5,000 km of highways mostly built in the
form of PPP.

Italian investors are interested in
building underground car parks, highway and power projects in Vietnam,
he said at the workshop, which was jointly organised by the Ministries
of Planning and Investment and Transport, and the Italian Trade
Commission.

However, he expressed concerns about
shortcomings in the current tender process in Vietnam , saying most
major Vietnamese enterprises still enjoy State support in infrastructure
development.

Statistics released by the Asian Development
Bank (ADB) showed that the capital flow into infrastructure development
in Vietnam between 2006-2010 was estimated at 140 billion USD, a
modest amount compared to the real needs of transport, energy and
environment projects. Therefore, there are many investment chances for
investors in the PPP form.

The country will need
to build 3,000-5,000 km of highways, 300-400 km of metro lines in the
next 10 years, requiring hundreds of billions of USD.

However, the State budget, government bonds and ODA will be able to
meet only half of the demand, therefore, it is necessary to attract
private-sector and FDI capital, according to ADB.

Deputy
Minister of Planning and Investment Dang Huy Dong said Vietnam gives
top priority to infrastructure investment and is implementing pilot PPP
investment to attract capital from the private sector.

A representative from the Transport Ministry said that several
transport projects, including the upgrading of National Highway No. 1,
Ha Noi-Lao Cai railway and Phnom Penh-Ho Chi Minh City
highway are being implemented by using FDI and PPP capital.

Vietnam is calling for PPP and FDI capital in such highway
projects as Da Nang-Quang Ngai, My Thuan-Can Tho, Noi Bai-Ha Long, Dau
Giay-Da Lat and Ben Luc-Long Thanh, and other transport projects,
including Hai Phong international port and HCM City-Can Tho express
railway./.

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Italian businesses eye investments

HA NOI — A delegation of Italian engineering companies and contractors in transport, energy and environment sectors will visit Viet Nam from Sunday to Wednesday, Trade Commissioner Marco Saladini said in Ha Noi yesterday.

The purpose of the mission was to aid the nation's rapid development by improving the country's infrastructure, presenting Italian companies with co-operation opportunities, Saladini said.

Over the past five years, infrastructure investment in the country had not kept pace with the GDP growth of 7.3 per cent. To meet demand and development goals, it was estimated Viet Nam's overall infrastructure spending requirements over the next five years alone were in the range of US$165 billion, about $33 billion a year.

Italian Trade Commission research indicated initiated projects to be completed by 2015 in the three key sectors' infrastructure were worth $85 billion.

Even this smaller figure implied a strong acceleration from the current overall expenditure level of $5 billion or 9.4 per cent of the country's GDP, which was the average of the last few years, Saladini said.

The trade commission would conduct a seminar next Monday and Tuesday on infrastructure development and co-operation opportunities with Italian companies. — VNS

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Japan picks infrastructure projects in Vietnam

The Japanese Government has decided to pick nine key projects in Southeast Asia, including five in Vietnam, to promote infrastructure export under a public-private partnership (PPP) initiative, a local media reported.

These projects, which will have an estimated combined cost of roughly 900 billion JPY (US$1.16 billion), include an international airport, a coal-fired power plant, an industrial park and urban development in Vietnam; work related to water supply systems in Vietnam, Malaysia and Indonesia; a highway in the Philippines; and a waste-processing facility in Indonesia, the Nikkei daily reported, adding that the Japanese Government plans to begin detailed feasibility studies in October this year.

According to the Nikkei, the Japanese Government aims to boost Japan’s infrastructure-related exports through public-private partnerships, as suggested by the Japan Business Federation, better known as Nippon Keidanren.

To provide the necessary funds for building roads and other social infrastructure, which often require large long-term investments, it is considering tapping its official development assistance programme. In addition, the Japan Bank for International Cooperation (JBIC) may offer financial support.

The Japanese Government also aims to resume overseas investment and loans by the Japan International Cooperation Agency (JICA) and seeks to help water departments at Japanese municipalities develop overseas water businesses.

In June, the Japanese cabinet adopted a goal of nurturing infrastructure-related export through public-private partnerships into a market worth 19.7 trillion JPY by 2020 as part of its new economic growth strategies, the Nikkei said.

 

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Japan picks 5 infrastructure projects in VN to boost export

The Japanese Government has decided to pick nine key projects in
Southeast Asia, including five in Viet Nam , to promote
infrastructure export under a public-private partnership (PPP)
initiative, a local media reported.

These projects,
which will have an estimated combined cost of roughly 900 billion JPY
(about 1.16 billion USD), include an international airport, a coal-fired
power plant, an industrial park and urban development in Vietnam; work
related to water supply systems in Vietnam, Malaysia and Indonesia; a
highway in the Philippines; and a waste-processing facility in
Indonesia, the Nikkei daily reported, adding that the Japanese
Government plans to begin detailed feasibility studies in October this
year.

According to the Nikkei, the Japanese
Government aims to boost Japan 's infrastructure-related exports
through public-private partnerships, as suggested by the Japan Business
Federation, better known as Nippon Keidanren. To provide the necessary
funds for building roads and other social infrastructure, which often
require large long-term investments, it is considering tapping its
official development assistance programme. In addition, the Japan Bank
for International Cooperation (JBIC) may offer financial support.

The Japanese Government also aims to resume overseas investment and
loans by the Japan International Cooperation Agency (JICA) and seeks to
help water departments at Japanese municipalities develop overseas water
businesses.

In June, the Japanese cabinet adopted a
goal of nurturing infrastructure-related export through public-private
partnerships into a market worth 19.7 trillion JPY by 2020 as part of
its new economic growth strategies, the Nikkei said./.

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