Infrastructure associated with the growth target of Vietnam in the coming time is to maintain GDP growth of 7.5-8% / year, ie, need a huge capital investment. The continuous strong growth of economy means the infrastructure is overloaded. "The issue of quality assurance and infrastructure is a major concern of our members. A poor infrastructure platform can impede business formation. Recent reality of Vietnam also showed that the infrastructure will be improved better attract investments ", representing the Australian Chamber of Commerce in Vietnam (AusCham) said. Currently the majority of investment capital the infrastructure projects are mobilized from the budget or official aid (ODA). Domestic private sector investment in this area is almost negligible. Areas where foreign investment is only 18 projects in the areas of electricity, water and telecommunication services with registered capital of 3.714 billion. "Although the government of Vietnam has so much effort but the state budget and ODA obviously can not meet capital needs for infrastructure development. Infrastructure development is taking place more slowly than economic growth is a burden for investors ", representing the European Chamber of Commerce said. " The restrictions on infrastructure threatens foreign investment in the manufacturing sector and exports. The supply system according to global chains requires the transfer of goods to be timely and effective. The production facilities requires a stable power supply, "said Jeff Puchalski, chairman of the US Chamber of Commerce in Vietnam (AmCham) said. Representatives of AmCham said that the participation of private sector in development infrastructure development, finance and management is urgently needed. If not solve the problem of traffic and other infrastructure that Vietnam will not be able to resolve the export growth in the future. For a mechanism Although encouraging private problems (inside and outside countries) to invest in the infrastructure sector has become government policy level and also raised in this forum for quite some time, but the actual role of this sector is still very faint. "while the government still is frequently called for more investment in infrastructure, the legal system of Vietnam's regulations on the infrastructure development projects are built slowly. The implementation and the desire to really allow full foreign and private investment in infrastructure is still absent, "the representative commented AusCham. Two areas notably that businesses are facing is the overload seaport system and lack of stable power supply. Growth is projected electricity demand by 2010 at around 15% and power sector needs $ 15 billion to build power plants and power grids. With demand for funds mobilized from 1.5-2 billion annually but internal funds of the Corporation, Electricity of Vietnam only meet up to 50% of this demand, including external funding. the capacity of the port system is limited in depth makes the largest container shipping vessels can not go on. Sea freight rates are due to the container transshipment in Vietnam at major ports. Besides handling capacity at ports is difficult to meet the demand. "Private investment and foreign key role in solving the problems of infrastructure, but this investment yet to take true. Vietnam should offer real solutions, not just directed at foreign investors potential but also implement real reforms in policies, towards an investment does not suffer for transparency, predictability and effective implementation ", representing AusCham recommendations. in this regard, representatives of the Ministry of Planning and investment said it would closely coordinate with the Ministry of Industry of all issues resolved before investing in research fields such as electricity sell ratio at the first property project in the equitization of power plants, expanding the forms of investment, such as construction of an independent power plant (IPP), build - operate - transfer (BOT) , joint ventures ... "We have successful models like the Phu My 2.2 power projects, Phu My 3 gas. There is no reason that we do not build the complex coal-fired power plants in the north, such areas Mong Duong, Nghi Son ... There has been a number of foreign investors are negotiating. We can be for their own choice of investment form they find most beneficial ", Minister Vo Hong Phuc said.
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