City's People's Committee gives green light to Fund, which will research and prepare for public-private partnerships.
The Ho Chi Minh City People’s Committee has approved the establishment of a Project Development Fund (PDF).
The PDF will be established to research and prepare for public-private partnership (PPP) investment projects in the city. The city had 200 existing PPP projects as at March, with total investment of VND100 trillion ($4.4 billion).
Twenty PPP projects have completed contracting and are being implemented, with total investment of VND67 trillion ($2.94 billion), primarily in the field of transportation and the environment.
There are also 105 other projects in the process of studying and preparing proposals, selecting investors, negotiating the signing of project contracts, and securing investment registration, with total investment of VND356 trillion ($15.67 billion), in the fields of transportation, seaports, the environment, apartment blocks, urban upgrades, services, education, healthcare, culture, and sport.
The city also has some 100 PPP projects calling for investment, in transportation, the environment, healthcare, culture, and education, with investment totaling VND130 trillion ($5.7 billion).
Projects include the relocation of households living in District 8 (with investment estimated VND13 trillion ($572.19 million)), Provincial Road No.15 from Xang Bridge to Ben Nay Bridge (VND3.1 trillion ($136.4 million)), and a multi-functional training complex combined with a guesthouse for experts and hotels in District 11 (VND2 trillion ($88.03 million)).
Tags:
Tags:
The United Capital Management Joint Stock Company (Unicap) which manages investment funds will provide financial services to FLC and Faros in the near future.
Techcombank has announced that two separate legal entities managed by Warburg Pincus will invest over US$370 million into the Bank, subject to appropriate regulatory approvals.
In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.
It is feared that the escalating trend of trade protectionism will hinder global growth and make many businesses struggle for survival.
According to the World Bank, remittances to Vietnam in 2017 are estimated at a record high of US$13.81 billion, increasing by US$1.9 billion, equivalent to 16% over 2016.
Within less than five months leading the Southeast Asia Joint Stock Commercial Bank (SeABank), Nguyen Canh Vinh has resigned from this position since February 8, 2018, for personal reason.
