Indonesian National Development Planning Minister Bambang Brodjonegoro (Photo: republika.co.id) Jakarta (VNA) – The Non-Government Budget Investment Financing (PINA) isneeded for Indonesian to develop infrastructure, said National DevelopmentPlanning Minister Bambang Brodjonegoro.Brodjonegoronoted PINA will help reduce the burden on the state budget, which has beenlimited so far, to encourage development.He expectedthe involvement of long-term funds in PINA, such as pension funds and lifeinsurance, for the effective management and utilization of infrastructurefinancing.Variousfinancial instruments to support the PINA scheme are also being prepared, suchas Perpetual Bonds with a very long tenure, which not only supportsinfrastructure development but also increases interest in the capital market.Indonesiahad 34 planned infrastructure projects using the PINA scheme as of December2017, including 19 projects in toll road, four in aviation, 10 in powergeneration and transmission, and one in tourism. These projects cost 348.2trillion Rp (25.8 billion USD) in total.A number ofPINA’s projects, including 15 Waskita toll roads and the KertajatiInternational Airport, have reached financial close.-VNA
How to improve Vietnam's affordability and investment efficiency for infrastructure development was raised up at the March 11 ceremony to make public the Assessment of Financing Framework for Municipal Infrastructure Report. The report was jointly made by the World Bank (WB) and the Ministry of Finance with financial support of the Australian Agency for International Development. It reviewed the current infrastructure financing framework from both legal and institutional perspectives, evaluated relevant international experience and proposed measures to improve the financing for infrastructure development. The report also introduced several avenues for the Government to consider in order improve efficiency of financing…... [read more]
NDO – The Ministry of Planning and Investment (MPI), in collaboration with the Foreign Ministry and the World Economic Forum (WEF), organised a workshop, titled “Vietnam-WEF infrastructure development cooperation,” in Hanoi on November 16. The event is an initial step in the implementation of the cooperation agreement between the Vietnamese Government and the WEF on the issue “Future of long-term investment, infrastructure and development,” which is one of the seven important elements of the bilateral cooperation deal on building a self-reliant Vietnamese economy.The workshop focused on discussing the future orientations for Vietnam-WEF cooperation; assessing the standards of the national public-private…... [read more]
According to WEF’s Global Competitiveness Report 2017-2018, Vietnam's competitiveness currently ranks 55th out of 137 countries, five steps higher compared to last year and 20 places higher than five years ago. As many as ten out of 12 indicators have been improved.In the report, Vietnam’s infrastructural development indicator ranks 79th among 137 countries, which is still considered weak despite improvements in the past many years.Vietnam has been working to innovate the system for over 30 years and obtained several socio-economic development achievements, but there are sign of slowing growth, causing difficulties to overcome the middle-income trap. High-cost and low-efficiency investment do not attract foreign capital in…... [read more]
The Government will spend over VND30 trillion on tourism infrastructure development through 2020, according to the Government’s latest target program on tourism infrastructure development for period 2016-2020. Tuan Chau Tourist Wharf Under the program, the Government expects to build modern infrastructure system in order to boost tourist attraction, attract foreign and domestic investment in national tourist areas, contributing to turn tourism into a key economic sector of Viet Nam. Specifically, the Government plans to develop comprehensive and modern infrastructure for 3-5 national tourist areas and provide financial resources to support tourism infrastructure development for other 30 tourist sites. Last year,…... [read more]
Vietnam told to spur PPP for infrastructure development By Thanh Trung - The Saigon Times Daily HANOI - The World Bank in Vietnam said on Tuesday it would continue assistance for Vietnam's infrastructure development through encouraging the country to boost public private partnerships (PPP). The bank said in a statement that while the Government has made infrastructure development a key priority for continued, balanced growth, the country is facing challenges in securing funds for infrastructure development. "Vietnam faces challenges in expanding its infrastructure to keep pace with the economic growth and to serve the needs of rapidly growing urban centers,…... [read more]
