1 AIT Asian Institute of Technology

Project financing in Vietnam :|ba case study of the Phu My 2.2 Power Project

AuthorLe Phuong Anh
Call NumberAIT RSPR no.SM-03-44
Subject(s)Economic development projects--Vietnam--Finance
NoteA research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management
PublisherAsian Institute of Technology
Series StatementResearch studies project report ; no. SM-03-44
AbstractVietnam is integrating into the global economy with a great demand of investment capital, especially in infrastructure. The infrash·ucture in Vietnam is characterized of inadequacies of investment capital and poor financial performance of infrash·ucture state-owned companies. Promoting private participation in infrash·ucture is a robust policy to solve the problems. In the light of this policy, Phu My 2.2 Power Project is the first infrastructure investn1ent which is approved to be financed by the private sector. It is also the first competitively and internationally bid BOT project in Vietnam. The research highlights the project financing scheme of Phu My 2.2 as a new financing technique in Vietnam. It also assesses the value-enhancing potential for the participants and other partners involved. Through overall analysis including financial, economical and risk analysis, the research considers the application of project financing technique to finance the infrastructure and other large projects in Vietnam. It aims at encouraging the Government to shift investment costs to private sectoi., especia lly infrastructure investments, giving a solution to the capital shortages of the counhy. The research is also expected to help investors have a framework of investing in large projects in Vietnam and therefore promote private participation in infrash·ucture investments for the counhy.
Year2003
Corresponding Series Added EntryAsian Institute of Technology. Research studies project report ; no. SM-03-44
TypeResearch Study Project Report (RSPR)
SchoolSchool of Management (SOM)
DepartmentOther Field of Studies (No Department)
Academic Program/FoSMaster of Business Administration (MBA) (Publication code=SM)
Chairperson(s)Ramachandran, Neelakantan
Examination Committee(s)Trnong Quang; Broustail, Franr;:ois Joel
Scholarship Donor(s)Government of France
DegreeResearch report (M.Sc.) - Asian Institute of Technology, 2003


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