Vietnam’s road network development strategy to 2030 needs an estimated VND900 trillion ($39.47 billion), but in reality the figure may be as high as VND1.5-1.7 quadrillion ($65.78-74.56 billion), according to experts. The opportunity also remains to exploit other sources of capital, such as foreign investment, other than only relying on bank loans.
South-central Ninh Thuan province has approved 67 urban, residential, and tourism projects calling for investment in the 2021-2022 period. Among these are many with investment exceeding VND1 trillion ($44 million), with the highest being VND4.4 trillion ($193.5 million).
Seven housing projects and six resort and vacation real estate projects were implemented in the south-central province Phu Yen during the third quarter of 2021. Seven other housing projects are completing procedures to kick-off construction, while three are completing procedures for investor recognition and six are selecting investors.
Central Da Nang city is calling for investment in four social housing projects on a total area of 117,000 sq m. To satisfy the need for social housing, the city will invest public capital into other housing projects and call for other capital sources.
As of December 31, 2020, 28 State-owned enterprises (SOEs) and enterprises with State capital had 131 overseas investment projects. Total capital was $6.7 billion, but 46 projects had posted losses totaling $1.17 billion.
The Hanoi Department of Planning and Investment will review all projects using the city’s budget that remain unfinished or are past the implementation deadline and therefore affecting the city’s investment activities.
Between 2021 and 2025, north-central Nghe An province targets attracting 100-120 projects with total registered capital of VND75-90 trillion ($3.3-3.95 billion), of which foreign capital is to be about $2.26 billion, and build 10-12 industrial parks on a total area of 4,500 ha.
South-central province to outlay VND3.8 trillion ($167.1 million) for the Phan Thiet Airport project, which is expected to support regional socio-economic development and investment attraction.
Central Da Nang city has approved investment in the construction of a resettlement area for University Village in Ngu Hanh Son district, on 286.5 ha and with total investment of VND227 billion ($9.97 million).
Bac Lieu city in the Mekong Delta province of the same name is calling for investment in a “New Urban Area” project, with total investment of VND1.451 trillion ($63.7 million) on a total area of 49.29 ha and with an expected population of 9,000 people.
The Quang Nam Provincial People’s Committee has approved 41 investment projects in the central province, including commercial housing and commercial - service projects, infrastructure in industrial clusters, and other fields.
The Ministry of Planning and Investment expects total State budget capital to reach VND516.7 trillion ($22.64 billion) in 2022, an increase of 8.3 per cent compared to the 2021 plan.
Central Da Nang city has allowed 25 key construction works to resume given that Covid-19 has been largely brought under control in the local area, to contribute to the city’s socio-economic development. It also assigned districts to make decisions on which works can resume.
Healthcare platform Doctor Anywhere has announced a successful Series C funding round of $65.7 million led by Asia Partners with the participation of investors such as Novo Holdings, Philips, and OSK-SBI Venture Partners. The total capital makes it one of the largest private funding rounds ever raised by a medical technology company in Southeast Asia.
The Hanoi People’s Committee has identified 25 problems relating to the implementation of three groups of investment projects - public investment projects, business investment projects, and public-private partnership (PPP) projects - and brought them to the attention of the special working group reviewing and removing difficulties and obstacles and promoting the implementation of investment projects. Hanoi also proposed solutions to resolve the problems.