Research and Markets has announced the addition of the "Vietnam Infrastructure Report Q3 2010" report to their offering.
The Vietnam Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Vietnam's infrastructure industry.
The construction sector in Vietnam did not make as much headway this quarter as expected, as neighbouring states started to see a turnaround thanks to stronger economic performance. As a result the industry value for the year has been revised down to VND126trn (US$6.57bn) for 2010. Growth over the forecast period is now also expected to be reduced with the industry valued at VND260trn (US$13.91bn) in 2014. This nonetheless represents a more than doubled industry value in the space of four years.
Major infrastructure projects were thick on the ground this quarter, as both transport and energy developments were announced. In March 2010, Vietnam's Prime Minister Nguyen Tan Dung, approved US$18.09bn for the construction and development of the road system in the country. The plans include development of over 5,000km of roads within the country. In the power sector, Vinh Tan 3 Energy Joint Stock Company (VTEC) was approved to develop the country's largest thermal power project. The project, worth US$2.5bn, is expected to start in late 2011 and the plant is likely to come online in 2014- 15.
Vietnam's business environment continues to be an issue for the country and this quarter saw it slip one place in the regional rankings. Although its business environment score stayed more or less static at 50.8 other countries in the Asia Pacific region started to see stronger growth as economic conditions improved.
The country's infrastructure market scored well; however, downside risks from market volatility and country risk dragged down the overall score.
Corruption still remains a problem for Vietnam and is likely to continue to impede infrastructure development until government reforms can change the landscape. With increased foreign investment on the back of attractive growth rates there are signs that the country is now moving in the right direction in invoking structures to improve the business environment such as public private partnership (PPP) regimes.
Source: Research and Markets
Contact: Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907 - Fax (outside U.S.): +353-1-481-1716
The Vietnam Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Vietnam's infrastructure industry.
The construction sector in Vietnam did not make as much headway this quarter as expected, as neighbouring states started to see a turnaround thanks to stronger economic performance. As a result the industry value for the year has been revised down to VND126trn (US$6.57bn) for 2010. Growth over the forecast period is now also expected to be reduced with the industry valued at VND260trn (US$13.91bn) in 2014. This nonetheless represents a more than doubled industry value in the space of four years.
Major infrastructure projects were thick on the ground this quarter, as both transport and energy developments were announced. In March 2010, Vietnam's Prime Minister Nguyen Tan Dung, approved US$18.09bn for the construction and development of the road system in the country. The plans include development of over 5,000km of roads within the country. In the power sector, Vinh Tan 3 Energy Joint Stock Company (VTEC) was approved to develop the country's largest thermal power project. The project, worth US$2.5bn, is expected to start in late 2011 and the plant is likely to come online in 2014- 15.
Vietnam's business environment continues to be an issue for the country and this quarter saw it slip one place in the regional rankings. Although its business environment score stayed more or less static at 50.8 other countries in the Asia Pacific region started to see stronger growth as economic conditions improved.
The country's infrastructure market scored well; however, downside risks from market volatility and country risk dragged down the overall score.
Corruption still remains a problem for Vietnam and is likely to continue to impede infrastructure development until government reforms can change the landscape. With increased foreign investment on the back of attractive growth rates there are signs that the country is now moving in the right direction in invoking structures to improve the business environment such as public private partnership (PPP) regimes.
Source: Research and Markets
Contact: Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907 - Fax (outside U.S.): +353-1-481-1716
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