HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Foreign banks eye HCM City’s infra projects
Date: 11/25/2016 11:51:39 PM
Banks from South Korea and Japan have expressed interest in providing capital for infrastructure projects in HCM City.
Hong Young Pyo, vice-chairman of South Korea’s Export-Import Bank (KEXIM), said his bank is interested in funding infrastructure and transport projects in Việt Nam, particularly in HCM City, at a meeting on Tuesday with Lê Văn Khoa, vice-chairman of HCM City People’s Committee.
KEXIM wants to fund urban railway route No 4b-1 (to Tân Sơn Nhất International Airport) and phase two of urban railway route No 5. The pre-feasibility studies for both projects have been completed and the reports are expected to be released next year.
Pyo said his bank was also interested in investing or providing capital for other infrastructure projects in HCM City, such as building and transfer of technology to operate the urban railway routes and the smart traffic operation centre.
Lauding KEXIM’s interest, Khoa said HCM City wants the bank to complete legal procedures soon and disburse capital so that feasibility studies for the projects can start in the first quarter of 2017.
KEXIM should also consider providing additional official development assistance (ODA) from the South Korean government’s Economic Development Cooperation Fund, Khoa said.
He has also requested the bank to assist HCM City in getting preferential loans from multilateral credit organisations like the Asian Development Bank and the World Bank to implement phase two of urban railway route no. 5, after the Korea International Cooperation Agency Team completes its final report next month.
In another meeting on the same day, Khoa told Senda Tetsuya, general director of Bank of Tokyo-Mitsubishi UFJ’s HCM City branch, that the city is looking for investment in infrastructure, transport, wastewater treatment and flood prevention.
In response, Tetsuya said his bank is keen to provide capital for key projects. The meeting included representatives from the city’s departments and agencies and was aimed at increasing co-operation and getting updates on legal regulations and procedures for acquiring funds.
(Source:vir.com.vn)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
