CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
HCM City advised to encourage PPP infrastructure projects
12:51, 2016/07/08
HCM City should promote the public-private partnership model in infrastructure projects to diversify capital resources for developing urban infrastructure, according to economic experts.
At the conference on solutions to mobilising capital for infrastructure development in 2016-2021 held in the city on July 7, experts said the city will need up to 44 billion USD for urban infrastructure until 2021. 
According to Nguyen Hong Van, Head of the Public-Private Partnership (PPP) Desk under the HCM City Department of Planning and Investment, it is necessary to promote Vietnam’s PPP market to foreign investors to reel in capital from the private sector, and gain international experience and capability. 
 
Phu My bridge, a big PPP infrastructure project in HCM City.
Phu My bridge, a big PPP infrastructure project in HCM City.
The city should issue practical preferential policies such as land leasing or planning to encourage local and foreign investors to join the PPP model. 
Attracting official development assistance (ODA) capital for infrastructure projects is an effective solution, according to Nguyen Thi My Linh, Deputy Head of the Finance & Bank Faculty of the HCM City University of Industry. 
Linh said, land clearance and the legal framework are the main reasons foreign investors are shying away from infrastructure projects in Vietnam in general and in HCM City in particular. 
During 2011-2015, 11,946 billion VND (526 million USD) out of the total investment capital of 38,608 billion VND (1.7 billion USD), or equal to 31 percent, was sourced from other resources outside the State budget and ODA. 
As of the second quarter this year, the city has been implementing 19 projects using the PPP model.
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.