The Vietnamese Association of Road Systems Investors (VARSI) held a seminar on removing inadequacies of PPP transport infrastructure projects in Ha Noi on Monday.
While transport infrastructure in HCM City and provinces in the Southern Key Economic Zone has improved over the years, connectivity remains modest, hampering development, experts said.
Construction of transport infrastructure will continue to be taken by CIENCO4 Group JSC as a pillar on the journey to develop into a multi-sector business corporation with high competitiveness.
Bình Dương Province plans to complete a number of key transport infrastructure projects this year and start others to maintain its leading position in attracting foreign investment and act as a springboard for recovery after the COVID-19 pandemic ends.
The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.
The size of the global logistics market was estimated at US$3.31 trillion in 2021, up 17.6 per cent compared to 2000 and showing that the sector still boasts substantial development potential.
Investment in transport infrastructure in the Mekong Delta is key to boosting exports of local agricultural and seafood products, according to experts.
While the HCM City housing market has gone quiet after the renewed pandemic, adjacent provinces like Dong Nai, Long An and Binh Duong has seen robust growth in 2021.
Localities in the southern key economic region need to set up an “investment fund” to develop transport infrastructure to enhance connectivity in the region to ensure sustainable growth, experts have said.
Cement producers in Viet Nam are facing a double challenge with domestic demand falling due to a slowdown in the property market and delays in transport infrastructure works and exports declining due to the Covid-19 epidemic.
HCM City has decided to convert a number of private transport infrastructure projects that were designated as BOT (build – operate – transfer) and BT (Built – Transfer) into public projects.
Phu Quoc Island in the Mekong Delta province of Kien Giang is pouring more investment in tourism and transport infrastructure to become a driving force for development in the region.
Transport infrastructure is an attractive investment field in Viet Nam while the acceleration of equitising State-owned enterprises in the country will brilliant opportunities for businesses from the Republic of Korea (RoK).