Solutions to magnet investment capital in transport infrastructure
(VOVworld) - The Ministry of Transport has held a conference to promote investment in transport infrastructure. Representatives from the banking sectors and transport experts discussed socialization of resources in infrastructure development. Deputy Minister of Transport, Nguyen Hong Truong said:
“To become an industrialized and modern country by 2020, Vietnam needs to invest more in transport infrastructure. Given state budget constraint, the government considers it’s important and necessary to mobilize capital from the private sector at home and abroad.”
Minister of Transport Dinh La Thanh presides the conference
Photo: Manh Hung
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The transport sector has mobilized 160 trillion dong to implement 65 projects with 100 trillion dong having been mobilized this year. Vietnam needs more than 230 trillion dong by 2020 to invest in transport infrastructure projects.