Infrastructure has been a central factor in Vietnam’s economic development. The Government aims to raise investment in transport infrastructure from US$7 billion to US$120 billion by 2020. ADB experts project that Vietnam will need to invest US$110 billion in infrastructure development between 2021 and 2025. Likewise, Vietnam will need another 5,000MW in power plant capacity by 2025, which will require about US$30-45 billion in investment.
The Politburo in Resolution 50/NQ-TW dated 20 August 2019 (“Resolution 50”) has directed the policy of attracting large scale and high-quality foreign investments and targeting at a 50% increase in investments with use of modern or environment-friendly technologies by 2025. In accordance with the above policy, Vietnam has passed a number of new laws which will take effect on 1 January 2021, of which the two laws of paramount importance to investment projects are the Investment Law and the PPP Law.
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