Brown believes foreign direct investment in modern transportation infrastructure will help improve competitiveness of Vietnam.
Datuk Abdul Aziz S.A Kadir, Chairman of Confexhub Group, also saw opportunities when the Vietnamese government is striving to attract domestic and foreign investment in transportation and infrastructure projects. He said the country not only needs capital but also specialised technical knowledge, thus offering good chances for foreign investors, including those from Malaysia.
Kadir adds conventional funding sources like the State budget and official development assistance from bilateral and multilateral donors, government bonds could only cover almost half of the demand.
He expects domestic and internatinal investors to be involved in infrastructure development through public-private partnership model.
Among 210 local projects calling for investment, many of them are in infrastructure that caught interest of Malaysian investors, according to Cao Thi Phi Van, Deputy Director of Ho Chi Minh City’s Investment and Trade Promotion Centre.
Van said Ho Chi Minh City always welcomes foreign investors, including those from Malaysia, to invest in trade, technology, infrastructure, culture, tourism, and environment. The Southern city is particularly interested in transportation infrastructure projects, including six metro lines that are pitching to capital, apart from industrial park and logistics infrastructure, she added.
According to Chairman of the Vietnam Urban Planning and Development Association Tran Ngoc Chinh, the country’s road and railway infrastructure remain poor so that more expressways need to be built in the future.
