18 April 2017
VIETNAM: Hanoi Authorities Issue US$3 Billion FDI Call to Fund Infrastructure Programme
Hanoi’s municipal government has issued a call for US$3 billion in FDI as it looks to embark on an ambitious programme of large-scale urban infrastructure development, most notably on a scheme to improve connectivity between the city’s airport and the Nhat Tan Bridge. A hi-tech upgrade to the local agricultural sector, as well as several initiatives related to retail, healthcare and education are also planned.
It is hoped that many of these projects will come to fruition under a mooted public-private partnership (PPP) scheme, with online processing planned for the majority of the required business registrations and investment licences. The country’s central government is also looking to the PPP model to secure overseas investment in several national infrastructure projects, including a US$13 billion 1,800 km highway connecting Hanoi with Ho Chi Minh City and an upgrade to the Long Thanh International Airport.