PRIVATE SECTOR INVESTMENTS IN INFRASTRUCTURE IN THE MEKONG DELTA
Ian Nguyen, a Managing Director of DOE, was invited to speak on behalf of the private sector in relation to investing in infrastructure in the Mekong Delta at a National Conference in Can Tho organized by H.E. Nguyen Xuan Phuc, the Prime Minister of Vietnam. The “Conference on Sustainable and Climate Resilient Development of the Mekong Delta of Vietnam” convened national and local leaders as well as the international community including the World Bank, United Nations Development Program (“UNDP”), Ministry of Planning and Investment (“MPI”), Ministry of Natural Resources and Energy (“MONRE”) and Ministry of Agricultural and Rural Development (“MARD”).
Panel (Left): H.E. Trinh Dinh Dung, Deputy Prime Minister
Panel (Center): H.E. Nguyen Xuan Phuc, Prime Minister
Panel (Right): H.E. Vuong Dinh Hue, Deputy Prime Minister
Speaker: Ian Nguyen, Managing Director, Origination and Stakeholder Relations at Delta Offshore Energy (far right)
Topics discussed focused on sustainable and climate resilient economic development with an emphasis on investment in infrastructure funding needs of the Mekong Delta given its importance to Vietnam’s national socio-economic welfare being the breadbasket of Vietnam. The thirteen (13) municipality and provinces represent in aggregate for the nation 90% of rice exports, 60% of aquaculture exports and 70% of fruit exports. There was a particular focus on clean and renewable energy as a key pillar to driving economic growth and development. The Mekong Delta is underrepresented on a national scale at 18% of GDP in comparison to having over 20% of Vietnam’s population. Lack of insufficient and unreliable energy and infrastructure is stunting the economic potential.
The official website of the Government of Vietnam summarized “Regarding financial solutions, Nguyen [Ian] Duc Thang, representing the private sector, said official development assistance is not enough for infrastructure projects, thus mechanisms needed to lure private investment and protect private investors in line with international standards.” Official government news coverage (Link HERE)