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Top Story: Record Vietnam PF Closed
Asia commercial and development banks have signed a massive project financing agreement in Vietnam. In total, US$5bn of the US$9bn total project cost for the Nghi Son Refinery and Petrochemical (NSRP)’s complex has been raised in the form of debt. It is the largest project financing in Vietnamese history.
IN THIS UPDATE:
Indonesia
+Auditor reports on Indonesia projects
IN THIS UPDATE:
Indonesia Infrastructure Initiative, June 1, INDII
Top Story: ASEAN Infrastructure Spending to Top $500B by 2020 (ENR, 5 May)
Economic growth in Thailand, Indonesia, the Philippines, Vietnam and Malaysia will remain strong at an average 6% this year, according to the International Monetary Fund. The countries represent the top five economies of the Association of Southeast Asian Nations, or ASEAN.
Dear Infrastructure Working Group,
I wanted to take the opportunity to introduce myself to you in this week’s clippings. I am excited to have joined the Council and being a part of the Infrastructure Working Group.
I hope in addition to focusing on larger policy issues such as procurement, SOEs and local content, we can create relationships with project owners and those developing feasibility studies so that US firms can be involved in the dialogue around successful project delivery from the earliest stages. There are numerous opportunities for the Infrastructure Working Group to play an important role in supporting ASEAN infrastructure development and as well the bottom line of member firms.
I look forward to working with all of you this coming year in setting and executing our agenda and I would welcome the opportunity to set up initial phone calls with members of the IWG to learn more your activities in the region.
LOOKING AHEAD:
LOOKING AHEAD:Infrastructure WG first quarterly meeting, TBC Vietnam Business Mission, Hanoi, March 13 - 15Brunei Business Mission, Bandar Seri Begawan, March 18Thailand Business Mission, Bangkok, April 10 - 12Philippines 2nd Investment Roadshow, Chicago, April 24 -25IN THIS UPDATE:
USG Contacts
In 2013, the USG is focused on helping US firms pursue infrastructure project opportunities in ASEAN which fit under the LMI Infrastructure Pillar (roads/rails, airports/aviation, ports, ICT, energy) and or the President's Asia-Pacific Energy Initiative.
Tap Oil begins drilling at Mawar-1 in Block M, Brunei IN THIS UPDATE:
• ASEAN
• Brunei
• Cambodia
• Indonesia
• Laos
• Myanmar
• Thailand
• Vietnam
Looking Ahead...
• Meeting with Vietnam Prime Minister in Mekong Delta business forum, Can Tho, Vietnam, September 5 - 6, 2010
• US-ASEAN Business Council’s Trade Mission to the Philippines, October
South East Asia
GMS countries commit to use Mekong water properly, Vietnamnet, August 23