The financing includes a $2.7 million grant from the Government of Canada and a $1.9 million grant from the Government of Australia, both to be administered by ADB.
It is the first time the Ho Chi Minh City-based property developer has appointed a foreign contractor for its high-end projects.
The Australian company has done due diligence on large-scale renewable energy projects in Vietnam.
The Central Coast and Central Highlands still lack international amusement parks, night entertainment services, art shows or casinos in order to beef up its tourism development.
Vietnam develops but does not follow the value chain and the way economy grows in the future, whilst building many roads does not bring efficiency, according to experts.
Weak synchronization and cost burden, are the biggest barriers for the logistics industry, potentially derailing the sustainable growth of Vietnam's economy.
Vietnam's logistics industry has the potential to become a key economic sector; however, after 40 years of operation, it still shows many weaknesses.
The preparation for the APEC 2017 Leaders’ week in Danang has been completed, creating a new and modern “face” for the city.
Deputy Transport Minister Nguyen Ngoc Dong said HCM City’s infrastructure projects had lots of problems during a meeting with Prime Minister Nguyen Xuan Phuc on June 23.
