Vietnam holds key to expediting infrastructure investment: Moody’s Vehicles travel on a section of the North-South expressway. Infrastructure development and upgrades in Vietnam will continue, with the participation of private investors becoming increasingly important – PHOTO: VNA Vietnam’s rapidly growing economy, rising income and urbanization are fueling a strong need to develop the country’s infrastructure, particularly for more and improved power utilities and road connectivity, Moody’s Investors Service stated in a new report. The report, called “Infrastructure in Emerging Markets: Focus on Vietnam,” said that infrastructure development is essential for Vietnam to sustain its favorable long-term growth prospects, as well as support the scaling-up of the value chain in the country’s industrial activity. “The importance of investment from private investors is highlighted by the sizeable infrastructure task required in Vietnam together with the country’s nascent capital markets,” said Mic Kang, Moody’s vice president and senior credit officer. “The Government’s further progress in developing the country’s contractual legal framework for infrastructure will help attract more private capital, while the evolving regulatory framework and administrative deficiencies will remain key challenges for infrastructure projects.” Based on the World Economic Forum’s assessment, Vietnam’s overall infrastructure competitiveness ranked in the mid to low range out… Read full this story
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