The conference drew the participation of around 100 domestic investors and 50 foreign investors from Japan, China and the Republic of Korea.

MOT Deputy Minister Nguyen Nhat said, in the first stage until 2020, Vietnam plans to build 11 sections of the North-South Expressway with a total length of 654 kilometres traversing 13 provinces and cities.

The total costs for these 11 projects are estimated at VND118 trillion (US$5 billion).

Three sections will be funded by the government budget while the other eight will be built under public-private partnerships (PPP).

The total costs for these 11 projects are estimated at VND118 trillion (US$5 billion), of which the government will spend VND55 trillion (US$2.4 billion) on three public investment projects and site clearance for other projects.

Deputy Minister Nhat said the MOT is working to complete the technical designs and site clearance for the projects.

He added that the eight PPP projects will be open to international bidding with Deloitte and Ernst & Young as consultants.

Nhat affirmed that any capable and experienced investors, who are capable of providing the best services at reasonable costs, will be selected to carry out the projects.

The three sections that will be entirely funded by the state budget are Cao Bo-Mai Son (15km), Cam Lo-Son La (98km) and My Thuan 2 Bridge, which will cost a total of VND14.279 trillion (around US$614 million).

The sections to be carried out by private investors are Mai Son-National Highway 45, National Highway 45-Nghi Son, Nghi Son-Dien Chau, Dien Chau-Bai Vot, Nha Trang-Cam Lam, Cam Lam-Vinh Hao, Vinh Hao-Phan Thiet and Phan Thiet-Dau Giay.

PM appreciates Warburg Pincus’ investment in Vietnam

Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on May 7 for Timothy Geithner, former Secretary of Treasury of the US and now President of Warburg Pincus, during which he appreciated the US firm’s investment in several projects in Vietnam.

 

Spain largest recipient of outbound Vietnamese investment

Spain was the largest among 23 recipients of outbound Vietnamese investment in the first four months of 2019, according to the General Statistics Office (GSO).

 

Bac Giang attracts new investment of over 290 million USD

(BGO) – According to the report of the Department of Planning and Investment, Bac Giang attracted a registered capital of 34.9 million USD in April, making up a total investment of 290.6 million USD in the first four months, up 40.7 percent against the same period last year.

 

ASEAN economic ministers ink investment, trade pacts

The ASEAN Trade in Services Agreement (ATISA) and the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA) were inked by ASEAN economic ministers in Thailand on April 23.

 

Defining advantages, enhancing effectiveness of investment attraction

(BGO) – On April 18, Permanent Vice Chairman of the Bac Giang provincial People’s Committee (PPC) Lai Thanh Son chaired a conference to gather opinions and draft the summary report on “The actual situation of investment attraction and industrial development attaching to innovate the growth model in the province from 1997 up to present, target, task and solution for the upcoming time”. 

 

Source: NDO