[1 April, 2015. Thanh Nhien News] Nguyen Nga – Mai Vong, reports in the Thanh Nhien News, Vietnam government urged to sell infrastructure to local investors. An abridged version of the article published on 1 April 2015, can be found below.
Following the transport ministry’s refrain over the past month that it plans to privatize infrastructure, including seaports and airports, economists have said local investors should be its first choice.
Vietnamese businesses, many of whom have proved to be capable, can help the economy grow and at the same time allay concerns about national security when it comes to projects in “sensitive” locations, they said.
The economists voiced their support amid growing interest among local businesses in seaports and airport terminals being offered by the transport ministry.
Low-cost Vietjet Air, for instance, wants to buy operating rights for a domestic terminal at Hanoi’s Noi Bai Airport, while Jetstar Pacific, another budget carrier, targets a terminal in Da Nang airport.
T&T Group, a real estate company based in Hanoi, is interested in the sole airport in Phu Quoc island.
Property giant Vingroup has offered to take over Saigon and Hai Phong seaports, two of the country’s busiest.
Speaking about it, economist Pham Chi Lan said there is real interest among private businesses to invest in aviation and sea transport infrastructure.
“I think the government should welcome them and consider it a good sign. Without private investors, Vietnam’s market economy will never grow.”
She further said it is “better” to transfer infrastructure in “sensitive” locations to local businesses along with “transparent” obligations…
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