2nd Transport and Infrastructure Summit - Bricsa Consulting
On May 21st and 22nd, a summit on Transport and Infrastructure development took place, with the aim of providing a platform for the developers of this sector to understand business opportunity throughout ASEAN countries and particularly GMS (Greater Mekong Subregion), to access and analyse the market trends in this Industry across the globe, to comprehend functions, included to tackle the diversifying market.
The Vietnam 2018 edition was organised by BRICSA Consulting, known for its high-end networking and knowledge-sharing conferences strategically located in emerging markets of Asia, Africa and Middle East regions in Transport Infrastructure, Water, Power, Hospitality and Communication Technology verticals. The company in its events aims at bringing together key stakeholders from public and private sector to address the burning issues and challenges pertaining to the market and create a common platform for interaction. The agenda is thoroughly researched with intense market feedback and collaborative study with experts from the industry. The conference focused on the current and proposed developments happening in the region and catering to the policy and regulatory affairs, funding requirements and technological advancements in the sector. The highlights regarded the development of Transport sector not only of Vietnam but also of Philippines, Malaysia, Indonesia, Cambodia and Laos. The representative of ASEAN and GMS countries shared their knowledge and expertise in regards to various facets of Transport.
Icham President, Mr Michele D’Ercole, had the pleasure of opening the the first day conference and to be the Chairperson of the second day. In his speech, he underlined how Vietnam has shown tremendous growth in recent years in regards to Infrastructure Development. Thus, as per Ministry of Planning and Investment, registered Foreign Direct investment increased 44% year-on-year through December 20th to $29.68 billion. The Hanoi People's Committee has developed a Master Transport Plan for 2030, with a vision to 2050. The plan needs total capital of up to VND1,235,380 billion (nearly $55.4 billion). The capital is expected to come both from the state budget and from private investors through transport projects.
Mr D’Ercole also shared the outcome of a recent report showing that, there were 70 BOT projects formulated under the management of the Ministry of Transportation (MOT) in the road, highway, airport, canal and railway sectors. The up-coming project pipeline amounts to US$176 billion, with rail projects dominating the portfolio, followed by the power sector and the process industries.
The agenda of the two days conference included many interesting speeches from relevant personalities of both the ASEAN and GMS regions, as Mr. Cris Kuntadi: Senior Advisor to Minister on Logistic, Multimode and Safety Transportation - Ministry of Transportation Republic of Indonesia, Atty. Lester A. Añonuevo: Chief - Project Monitoring Division, Policy Formulation, Project Evaluation and Monitoring Service, Public-Private Partnership Center, Philippines
Also vietnamise political personalities took part in the summit, such as Mr. Nguyen Thu Tai: Deputy Team Leader of PMU1 Hanoi Metropolitan Railway Management Board (MRB), Hanoi People’s Committee (HPC), Mr. Nguyen Quang An: Department of Public-Private Partnerships (PPP) Ministry of Transport, Vietnam and Dr. Nguyen Anh Tuan: Vice Chairman Vietnam's Association of Foreign Invested Enterprises (VAFIE) Member of Group CounselorEconomic, MPI Minister. Dr. Tuan made an overview about the prospects in the current premises, with focus on the PPP investment policy for infrastructure development, on the situation of investment in infrastructure development from 2012 up to the present, and on the planning and solution for the near future. The 2nd Transport and Infrastructure Conference provided a glimpse into the industry from global and local perspective and is been a strong occasion for networking and knowledge sharing. It was an excellent opportunity for transports experts and insiders to deepen their knowledge and have a clear idea of the opportunities and prospects of growth and development of the sector for the coming years.