VietnamExpress-Jan 15

Ho Chi Minh City says it has been struggling for years to attract foreign investment for key infrastructure projects, with legal challenges and risks discouraging investors. Most of the 11 are public transport infrastructure projects that seek to reduce chronic traffic congestion in the city of 13 million people. Duong Nhu Hung, a lecturer at the School of Industrial Management at the Ho Chi Minh City University of Technology, said the risks involved is the main reason for investors’ reluctance. Difficulty in land clearance and acquisition, as has been seen often in infrastructure development across Vietnam, is among the biggest risks, with most developers facing roadblocks in this step, which could eventually result in losses, Hung told local media.

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