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Ho Chi Minh City proposed 8 projects calling for foreign investment


Ho Chi Minh City proposed 8 projects calling for foreign investment

Specifically, 11 projects have been and are being implemented, including: construction of a bus terminal at the existing Cho Lon bus station; projects on highways of routes 1, 2, 3; Monorail lines 2, 3; ground tram no 1; urban railway (Metro) No. 6; Cu Chi Northwestern Cu Chi hazardous industrial solid waste disposal complex (Cu Chi district); International University urban area (Hoc Mon district); Hospitals in Tan Kien Medical Cluster (Binh Chanh District).

Currently, there are 10 out of 11 projects that have not yet attracted foreign investors to invest. In which, 9 projects have not been implemented; Currently, only the hospital project in Tan Kien Medical Cluster (Binh Chanh District) has implemented, but only investors (investor) are public hospitals, using capital from city ​​budget and a part of capital borrowed from the stimulus program to participate in investment.

Only 1 project (International University Urban Area) has a foreign investor (Berjaya Leisure Company (Cayman) Ltd), is granted an Investment Certificate by the City People’s Committee (also a registration certificate. certified for the first time on July 1, 2008, establishing the legal entity of Berjaya International University Vietnam Co., Ltd. to implement the International University Urban Area Project. The project is implementing the work of compensation and site clearance. However, due to difficulties and problems for many reasons, it is slow to comply with the progress specified in the Investment Certificate. The investor is currently implementing the procedure to submit to the Prime Minister for adjustment of investment policy decision.

For traffic projects, urban railway plays an important role in the public transport infrastructure system, however, these projects are only effective when invested and developed synchronously. In the 2016-2020 period, the investment in urban railway (Metro) No. 1 (Ben Thanh – Suoi Tien) and Metro line 2 (Ben Thanh – Tham Luong) encounter many difficulties and problems in the factual declaration for many reasons. Although the city has met and worked with many investors to explore opportunities for cooperation in the development of urban railway and transport projects in recent years, however, results have yet to be achieved. In addition, large-scale and large-scale urban railway and transport projects (especially costs related to compensation, site clearance), require potential investors. appropriate finance and capacity.

Currently, ODA loans for investment in infrastructure and urban traffic have been increasingly tightened; Meanwhile, the law on public-private partnership (PPP) investment applicable to urban railway and transport projects still has many shortcomings, overlaps and problems between the Law on Investment. Public-private partnerships with other laws such as Land Law; Law on Management and Use of Public Assets … Therefore, finding foreign investors with suitable potential faces many difficulties in last time.

For the project of Cu Chi Northwestern Cu Chi Industrial Solid Waste Treatment Area (Cu Chi District) and Hospitals in Tan Kien Medical Cluster (Binh Chanh District) in the period 2016 – 2020, due to the need and The urgent nature of the project, the city has spent the budget to implement the work of compensation, site clearance to prepare for investment. Therefore, in addition to the hospital projects under the Tan Kien Medical Cluster that have been invested from the state budget, in the coming time, the city will continue to call for investment in the above projects through auction method of land use rights or tender selection of investors is consistent with the provisions of the Land Law, the Law on Bidding.

In addition, Ho Chi Minh City also proposed projects to include in the national list of projects calling for foreign investment in the period 2021 – 2025 including: urban railway project No. 2 (phase 2); urban railway route No.3a; urban railway line 4, urban railway line No. 5 (phase 1, Bay Hien crossroad – Saigon bridge); Financial center in Thu Thiem new urban area; Rach Chiec Sports Complex; Complex of Exhibition Conference Center and Hotel and Trade and Services at Functional Area No. 1 in Thu Thiem New Urban Area.

QUOC HUNG

Source: sggp.org.vn – Translated by fintel.vn

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