On-going projects

The Vinaconex Clean Water JSC held a ground-breaking ceremony of construction on the second phase of the Da River water pipeline project on October 7 in Thach Hoa commune, Thach That district.

According to Quang Tri province, Prime Minister Nguyen Tan Dung recentlty signed the decision on the establishment of the Southeast Quang Tri Economic Zone (EZ), which was designed to become an international trade exchange centre with economic activities to be potentially connected with the East-West Economic Corridor.

The Mekong Delta province of Kien Giang has announced its investor for the development of the build-operate-transfer (BOT) portion of the Phu Quoc international passenger port.

Two leading textile and garment makers of Vietnam and Japan, Vinatext and Itochu Group have recently signed a framework cooperative agreement on implementing a string of new projects on finished textiles-dyeing products and raw materials in Vietnam.

The value of the Airports Corporation of Vietnam (ACV), the investor of Long Thanh International Airport, is nearly $38 trillion (about $1.8 billion), according to the Ministry of Transport.

The southern province of Binh Duong on December 17 granted investment licenses to 30 projects, with 29 of them directly invested by foreign investors.

The transport sector will have to mobilize at least VND235 trillion (some US$11 billion) from different sources exclusive of the State budget for infrastructure development in 2016-2020.

A delegation from the Korea International Cooperation Agency (KOICA) discussed plans for a green urban project in Vietnam at a working session with leaders of Thai Nguyen province on November 13.

A ground-breaking ceremony for the building of a modern waste treatment complex in Thu Thua district in the Mekong Delta province of Long An was held on November 9. The Green Technology Park project implemented by the Vietnam Waste Solutions Inc.

Waterway transportation in Ho Chi Minh City has huge potential but it has yet to be developed due to limited investment.

The cable system is under a large project−invested in by Sun Group−worth a total VND6 trillion (US$282 million), according to Director of Quang Ninh provincial Department of Planning and Investment, Tran Duc Lam.

The northern province of Quang Ninh has obtained Prime Minister Nguyen Tan Dung`s approval to select Hanoi-based property developer Joinus Company Ltd. and its partners as "potential investors" in Van Don International Airport.

Nghe An central province has proposed the Government adjust a zoning plan on the south-eastern Nghe An Economic Zone (EZ), involving the Investment and Industrial Development Corporation (Becamex IDC).

The Ho Chi Minh City Management Authority for Urban Railways and Japanese consortium contractor Shimizu-Meada on July 21 signed a contract (bidding package 1B) to build two metro stations in HCM City.

Contractors are stepping up construction work on three infrastructure projects worth billions of US dollars in capital Hanoi to ensure they will be put into operation late this year.

Representatives of the Japan Bank for International Cooperation (JBIC) and Electricity of Vietnam (EVN) group signed a US$338.2 million loan contract for the Vinh Tan 4 thermal power plant in Hanoi on July 17.

Around 30% of Japanese businesses that are intent on investing overseas consider Vietnam as their prime choice, according to a recent survey by Japan External Trade Organisation (JETRO).

The Nhon Hoi Economic Zone (EZ) in Binh Dinh province on July 4 licensed two German and Swiss companies to jointly build a US$109 million wind power plant project.

Authorities in the southern province of Long An have asked the investor of a multibillion-dollar complex project in the province to accelerate development as its progress has fallen behind schedule.

Most leading political and financial leaders consider the mechanism of the public-private partnership (PPP) as the best alternative for attracting investment to upgrade the nation’s agricultural infrastructure.