With ambitions to host 25–30 million international tourists and contribute 36 billion USD to GDP by 2030, Vietnam’s tourism industry is on the cusp of significant growth. Yet experts warn that the current infrastructure lacks the necessary quality, scale, and uniformity to meet development targets, putting Vietnam at a disadvantage compared to regional peers.
The Indonesian Government has approved a budget of 48.8 trillion IDR (around 2.99 billion USD) for the second phase of the development of Indonesia's new capital Nusantara (IKN) from 2025 to 2029.
Public-private partnerships (PPPs) are expected to play a crucial role in promoting digital economy in ASEAN member countries through strengthening the application of high technology and creating an innovative and favourable environment for businesses’ development, according to CEO of Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.
A credit contract worth 2.3 trillion VND (92.1 million USD) for the Dong Dang (Lang Son) - Tra Linh (Cao Bang) expressway project, developed under the public-private partnership (PPP) model, was signed at a ceremony on October 4.
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
The significance of the public-private partnership (PPP) to the project on developing 1 million hectare of high-quality and low carbon footprint rice in the Mekong Delta region by 2030 was highlighted at a workshop held in the Mekong Delta city of Can Tho on April 4.
A number of lawmakers suggested raising the ratio of state capital in public private partnership (PPP) road projects to 80% while discussing a draft resolution on special mechanisms and policies for such projects on November 9.
Minister of Transport Nguyen Van Thang on November 7 said that the State’s contribution is not a decisive factor to attract investors to public-private partnership (PPP) infrastructure projects.
Ho Chi Minh City has decided to spend over 7 trillion VND (304 million USD) from its budget on infrastructure and equipment of health care units under the mid-term public investment plans for the 2021-2025 and 2025-2030 periods.
The Ministry of Agriculture and Rural Development announced a decision to set up the public-private partnership (PPP) task force on rice and discussed an action plan for 2023 at a recent conference held in the Mekong Delta city of Can Tho
The Ministry of Planning and Investment (MPI) has been assigned to coordinate with related ministries to devise and propose policies and measures for attracting international financial funds and capital sources to public - private partnership (PPP) projects in Vietnam.
Prime Minister Pham Minh Chinh made field trips to major projects in the central province of Nghe An on July 24, during which he instructed the settlement of obstacles to them.
Prime Minister Pham Minh Chinh on March 12 demanded favourable mechanisms be issued to facilitate public - private partnership (PPP) in infrastructure building, so as to boost the development of the Van Phong Economic Zone (EZ).
An international conference took place in Lang Son on November 29 to discuss how to take advantage of the Public-Private Partnership (PPP) in building a 3,900-sqkm geopark in the northern mountainous province.
A webinar on Vietnam – Africa agricultural cooperation for sustainable development took place on September 9 in search of a dynamic and creative collaboration model for the two sides.
The Asian Development Bank (ADB) has approved a 4.6 million USD technical assistance to help the Vietnamese Government to strengthen public-private partnership (PPP), private sector development, and state-owned enterprise (SOE) reform.
An innovative public bike-sharing scheme has been launched by Hue City, the International Cooperation Agency of Germany (GIZ) and tech firm Vietsoftpro to develop a bicycle transportation plan for 2021-2026 that mobilises private investment for bike-sharing.
The northern province of Bac Giang has raised a total of over 17.8 trillion VND (771.54 million USD) in investment for local transport infrastructure development since 2016.
A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.
