Public project financial planning : the asset-based approach for Vietnam transport infrastructure | |
| Author | Nguyen Thi Cam Tu |
| Call Number | AIT Thesis no.CM-05-20 |
| Subject(s) | Transportation--Vietnam--Planning Transportation--Finance--Vietnam |
| Note | A thesis proposal submitted in paiiial fulfillment of the requirements for the degree of Master of Engineering, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Abstract | In recent years, transportation and infrastructure needs in Vietnam have grown more rapidly than the available funding. This lead to the need for the government to design the legislation to encourage private-sector participation in the development, financing, operation and ownership of facilities. Therefore, the research focus on main issue of current financing methods applying for Vietnamese infrastructure in order to find the inefficiencies and shortcoming. In addition, the research also explore a new financing method, Value Capture approach, a device to recover for the public the increase in land value associated with public actions that otherwise would be captured by private entities. Through the survey made on 33 Company Officers and 23 Government Officers, who are expert on the field related to infrastructure financing, viewpoints of toward current transport infrastructure financing in Vietnam context were revealed. The descriptive statistic and hypothesis tests are used to analyze the collected data. The finding shows higher knowledge and application of traditional financing methods over new financing methods. The implication from that is the need of applying nontraditional approaches to finance infrastructure investment for Vietnam infrastructure development, especially transportation. This study also mentioned some problems and weaknesses in current financing and then discussed in detail some critical keys as motives for Public-Private Partnership- the solution for financing problems. Additionally, Value Capture is found very far from Vietnamese infrastructure financing as its knowledge and application very low even it may generate more benefit than current financing methods. In order to apply Value Capture in the current Vietnamese context, it is critical that the Vietnamese property tax policies and land law should be analyze and amended. Vietnamese Government needs to address this issue with big effort to set up the environment suitable for the development of new financing methods. Especially coordination with foreign partners is more over suggested to gain mutual benefits for both sides |
| Year | 2005 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Chotchai Charoenngam |
| Examination Committee(s) | Ogunlana, Stephen Olu;Hadikusumo, Bonaventura H. W. |
| Scholarship Donor(s) | AIT Fellowship |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2005 |