Investment

Public-Private Partnership (PPP) Working Groups were established by the Ministry of Agriculture and Rural Development in 2010 and were institutionalized into the Partnership for Sustainable Agriculture in Vietnam (PSAV) by 2015. This has contributed to restructuring the agricultural economy, creating 500,000 jobs and improving farmer skills. However, PSAV activities still face many difficulties due to a lack of legal regulations and risks from natural disasters, epidemics, and market fluctuations.

The Ministry of Transport has issued Circular No. 21/2022/TT-BGTVT stipulating the management and maintenance of inland waterway infrastructure works. The Circular applies to organizations and individuals involved in the management and maintenance of inland waterway infrastructure works and takes effect from November 1.

The Vietnam Expressway Corporation (VEC) has sent an official dispatch to the Commission for the Management of State Capital at Enterprises (CMSC) requesting that it approve a VEC investment in completing a traffic intersection on National Highway No. 51 connecting it with Ho Chi Minh City’s Ben Luc - Long Thanh Expressway in the first phase.

General Director of Vietnam Railways Dang Sy Manh told the 42nd ASEAN Railway Directors General Meeting, held in Da Nang from August 23 to 25, that Vietnam’s railway development orientation is to promote freight transport and open international links.

According to the Investment & Trade Promotion Center of Ho Chi Minh City (ITPC), Singapore is the leader among 116 countries and territories investing in the city, with 1,557 projects and total investment of nearly $13.6 billion. It also has the largest number of representative offices in the city, with 371 of the total of nearly 1,900.

According to the Ministry of Transport, a study on a project to build a 73-km section of the Ho Chi Minh Highway from Chon Thanh - Duc Hoa, passing through the southern provinces of Binh Phuoc, Binh Duong, and Tay Ninh, is expected to be approved in the first quarter of 2023. The project will therefore be restarted shortly after a delay of more than eleven years due to a lack of capital.