As infrastructure development in Vietnam falls short of the country’s standards, policymakers are urging foreign investors to step in.
Experts gathered at the two-day Infrastructure Vietnam Summit on July 25 in Ho Chi Minh City to discuss the state of infrastructure development for sustainable growth in the country, according to Vietnam News.
The country has developed a robust pipeline of infrastructure projects, including roads, rail routes, urban transportation, public services infrastructure, and ports and airports projects.
According to a report by the Global Infrastructure Outlook, Vietnam needs $605 billion to meet 83 percent of its goals by 2040.
While state funds, donor bonds and private investors can cover many of the costs of these projects, the government is looking to get more foreign private investors in the mix.
