Glenn Hughes, head of LOGOS Vietnam Logistics Venture, told Hanoitimes about his company's opportunities and plan to contribute to the modernization of Vietnam's logistics property sector.
A study proposes developing a mechanism for reserve capacity payments for flexible power plants, and developing an ancillary services market for the Vietnam grid.
Hanoi and two other cities in Vietnam are key markets of the Australian logistics and real estate company.
In the first eight months of 2020, Singapore was Vietnam’s largest investor with US$6.54 billion, accounting for 33.5% of total commitment.
The recent uptick of the market, however, is not sustainable, when the margin outstanding may have increased sharply along with the rise.
In addition to the ratification of new laws, Vietnam’s participation in high-standard FTAs ensures the country’s status among attractive investment destinations, Prime Minister Nguyen Xuan Phuc has said.
Foreign investors are returning to the market with its net outflow narrowing from VND12 trillion (US$520 million) since its March bottom to VND1.8 trillion (US$78 million) as of mid-August.
More investments in infrastructure of the Hoa Lac High-tech Park are needed to lure more investors.
The success of the conference, which was demonstrated by the participation of nearly 2,000 delegates and over US$17.6 billion in investment capital committed by both foreign and domestic investors, showcased Hanoi’s attractiveness as a secure and stable investment destination.
IFC will work with Hanoi to formulate a new-generation FDI strategy in response to the government’s master plan on foreign investment promotion toward 2030.