PM encourages Australian group Sakkara’s investment in real estate

15:46 | 02/12/2017 Economy

Prime Minister Nguyen Xuan Phuc has informed the Australian property group Sakkara that there are huge investment opportunities for the group in Vietnam.

PM Nguyen Xuan Phuc (R) and Sakkara President Neil Robert Wilson - Source: VNA

Receiving the group’s president Neil Robert Wilson, in Hanoi, on November 29, the Prime Minister said that urban development is important for Vietnam but the Vietnamese Government does not have sufficient financial capacity to invest in the field. Therefore, many opportunities are available for investors.

PM Nguyen Xuan Phuc suggested that the group expands its investment to other fields, such as transport, environment, waste and waste water treatment, and infrastructure development in the forms of build – operate – transfer (BOT) and private – public – partnerships (PPP).

He affirmed that the Government of Vietnam always facilitates foreign investment in the country.

For his part, Neil Robert Wilson expressed his impression of Vietnam’s hosting of the APEC Economic Leaders’ Week.

According to him, the group decided to make investments in Vietnam through considering the country’s young and dynamic population. He said that Sakkara has achieved success since entering Vietnam in 2003, noting that Vietnam is the only foreign market that the group has made investment in.

He expressed his hope for more assistance from the Government of Vietnam and the PM for his group when it invests in large-scale projects on home development and the equitisation of State-owned enterprises.