2012-07-02 00:50:49 - Vietnam Infrastructure Report Q3 2012 - a new market research report on companiesandmarkets.com
The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.Construction activity continued to contract significantly in Q112, but we remain convinced that a modest recovery is still on the cards for Vietnam´s construction industry. The adverse monetary conditions that dampened construction activity in Q112 and throughout 2011 are receding and will continue to do so over the course of 2012; therefore, we have revised down our construction real growth forecast for 2012 to 4.9% (previously 5.4%). We also note that the sovereign debt crisis in the eurozone remains a key threat to project financing,
given the country´s sizeable exposure to European lending.
Major developments include:
- In March 2012, Vietnam announced that it was searching for foreign investors to help construct two international airports: the US$1.2bn Van Don International airport in the northern province of Quang Ninh and the US$10bn Long Thanh International airport in the southern province of Dong Nai. The two airports are part of a strategy to compete with neighbouring airports in Thailand and Singapore, and according to Nguyen Cong Hoan, a director for the Vietnamese airport operator Airports Corporation of Vietnam, foreign investors have expressed an interest in the Van Don airport. However, he did not provide specific details on these investors.
- In the same month, the transport ministry of Vietnam revealed detailed information on a project to expand the National Highway No 1 from Vung Ang in Ha Tinh province to Can Tho, reports Intellasia. The project is scheduled to be conducted under the build-operate-transfer method. The ministry has assigned the transport departments in Quang Binh and Ninh Thuan provinces and the project management boards in the transportation industry to establish 18 investment projects to expand the national highway. The Ha Tinh-Can Tho highway will stretch a total of 1,057km and have an estimated construction cost of VND89trn (US$4.28bn).
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