Investment

In case no bidder qualifies for selection, the Ministry of Transport (MoT) would propose adjusting the financing mechanism of the project to public investment, said Nguyen Ngoc Dong, vice minister of transport.

The slow disbursement of public investment over the last ten years has created a bottleneck for the economy.

From growing e-commerce, online gaming, travel booking, and offline-to-online platforms such as ride-hailing and food delivery, Vietnam’s digital economy continues to thrive, with its gross merchandise value being 4% of the country’s GDP.

Sumitomo will add about 290 hectares to two of its three complexes outside Hanoi. The three industrial parks host roughly 190 companies, 90% of which are Japanese manufacturers.

Although the national expressway project is a national priority with very high standards, local companies are fully capable of executing the project, said an expert.

Fintech is an attractive field, creating many opportunities for both startups and investors in recent years.

Investment activities continue to be a priority in cooperation between Hanoi and Singapore.

Experts attributed the big interest among foreign investors in Vietnamese edtech start-ups to the very positive outlook of the country’s online education market.

Changing the procurement method to domestic bidding would help “ensure national security and enhance capacity of Vietnamese enterprises in fields of infrastructure development,” said the Ministry of Transport.

Amata VN projects a new industrial estate based on a township concept, a combination of manufacturing, commercial and residential zones.

South Africa, with a population of over 56 million, is Africa’s most developed economy and already an important market for Vietnamese enterprises.

The best companies in the US, Europe and Japan are not picking Vietnam but instead have moved to other regional countries like Malaysia, Indonesia and Thailand, where developed supporting industries and highly-qualified human resources are already in place.

Vietnam is striving to improve its stock market’s status and implementing measures to attract portfolio investment, and allowing FDI firms to list would help the country achieve this goal.

State-owned enterprises and agriculture, which once monopolized the economy, are losing prominence as the nation works to achieve sustainable development through more open trade and industry.

A specialized law on public private partnership (PPP) is necessary to avoid overlapping regulations stipulating PPP investment activities, said Minister of Planning and Investment Nguyen Chi Dung.

As if meeting technical requirements to fly to the US is not hard enough, Vietnam Airlines has to ensure the profitability of those flights.

In the 2021 – 2025 period, Vietnam targets to have at least 2,000 kilometers of expressway and by 2025, the figure would be 4,000 kilometers stretching from northern province of Lang Son to the southernmost province of Ca Mau.

Backed by Temasek Holdings and UOB Bank, Innoven Capital has been actively exploring opportunities in Vietnam since it started operations in the Southeast Asian region in 2016.

The highway project connecting Ho Chi Minh City to Long Thanh International Airport would be key to address traffic congestion and support economic development.

A lack of consistency in policies and credible guarantee from the government would prevent investors from participating in any PPP projects, said an expert.