Login Register

Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnam seeks BOT investment

Vietnam seeks BOT investment

| Publication date 11 March 1994 | 07:00 ICT

Vietnam seeks BOT investment

HANOI-Vietnam,

needing billions of dollars to upgrade its infrastructure, told foreign

businessmen on Tuesday it would need private capital as well as aid to do the

job.

The vehicle for such investment - especially for costly projects

like power plants - could be build-operate-transfer (BOT) contracts in which a

foreign company installs a plant, runs it for a while and then turns it over to

the host country, government ministers said.

Vietnam issued a decree last

November adding BOT contracts to the forms of foreign investment permitted and

setting out regulations.

Minister presented a list of 12 priority

projects - without price tags - they said would be suitable foe BOT investment

at a seminar in Hanoi attended by about 100 foreign companies.

They

included four power stations, four highway bridges, a six-lane highway and three

water or waste-disposal projects.

Vietnam's chief investment watchdog,

Dau Ngoc Xuan, said $926 million had been invested so far in 17 infrastructure

projects.

But this was modest compared with anticipated needs of $5 to $6

billion for transportation and $3 to $4 billion for power generation between now

and 2000.

Xuan, a cabinet minister and head of the State Committee for

Cooperation and Investment (SCCI), said investment under BOT contracts would be

an important source of foreign capital.-Reuters

MOST VIEWED

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Newest horror film showcases unique Khmer culture, identity

    At first glance, the trailer to new horror sensation The Ritual: Black Nun looks like a western-produced feature film. As the story reveals itself to the viewers, it becomes clearer that this is a Khmer film, with a strong Cambodian identity and close links to

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

  • Angkor Beer strengthens national pride with golden new look and fresher taste

    Angkor Beer – the "Gold of Angkor" – has a new look, one that is more stylish and carries a premium appeal, as well as a fresher taste and smoother flavour, making it the perfect choice for any gathering. Angkor Beer recently launched its new design, one

  • Water supply authority assures public shortages over early ‘24

    The Phnom Penh Water Supply Authority (PPWSA) asked for understanding from Phnom Penh residents in some communes where water pressure is weak. They assured residents that all supply issues will be resolved by early 2024, but have suggested that residents use water sparingly in the meantime.

  • Khmer ballet documentary debuts April 1

    A new documentary, The Perfect Motion, or Tep Hattha in Khmer, will premiere to the public on April 1. The documentary film follows two intertwined storylines: the creation of a show called Metamorphosis by the late Princess Norodom Buppha Devi (her very last production) and the

Related articles