Hanoi, 8th January 2020: Mr. Le Xuan Dong, CFA - Head of Market Research at FiinGroup, presented at a working session between World Bank (WB) and Ministry of Transport (MOT) in Hanoi, Vietnam. He shared key findings of a research on maximizing finance for development of expressway sector in Vietnam.
FiinGroup has been engaged by WB as a local independent research firm as part of its technical assistance mission to support the Vietnamese Government in implementation of North-South Expressway Development Plan (NSEDP) through a series of dialogues with Ministry of Transport, Ministry of Planning and Investment, Ministry of Finance, development partners such as Asian Development Bank (ADB) as well as MOT’s Project Management Units (PMUs).
WB invited 20+ representatives from key departments of MOT, PMUs and TEDI and their technical/transaction consultants to participate the working session.
Road infrastructure (especially expressway) has played a key role as a backbone of the Vietnam economy as they account for about 78% and 94% of market share in term of freight and passenger transportation, respectively. It has contributed to the Vietnam’s strong economic growth over past decades and needs to be further developed to support increasing demand.
As part of the WB’s support to the Government of Vietnam and other local authorities (i.e. Ministry of Transport, Ministry of Planning and Investment, Ministry of Finance,…) in infrastructure development, WB engaged FiinGroup to conduct a research on “Vietnam: Maximizing Finance for Development of Expressway and Railway Sectors”.
Mr. Dong, Head of Market Research of FiinGroup shared key findings of how Vietnam has been financing current expressway projects as well as its financing need to develop upcoming expressway projects in the future. In addition, leveraging FiinGroup’s comprehensive database and in-depth expertise of infrastructure sector in Vietnam, he discussed the availability and limitations of local financing sources for NSEDP Phase 1 (i.e. government budget, local commercial banks and capital market) as well as some proposed solutions to raise long-term financing sources for transport infrastructure projects in Vietnam in the time to come.
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