(Engineering Daily) Nguyen Anh Duong reporter = The Vietnamese government is troubled by the unprofitable private capital project.
According to local sources, the Vietnamese government submitted a report to the National Assembly saying that the earnings of the ongoing civil projects are below expectations.
Currently, 39 out of 59 projects are reported to be experiencing problems as demand for build-operate-transfer (BOT) falls short of expectations.
As a result, demand for higher rates from private business investors or for the Vietnamese government to recover its business rights has been rising.
However, it is practically difficult to withdraw the project as the Vietnamese government is reluctant to recover the business rights.
In June, Vietnam's transport ministry offered a 12-18 percent hike in toll fees to the prime minister's office, leaving the possibility of improved profitability.
On the other hand, some say that a steep fare increase could further dampen demand, drawing keen attention to what solution the Vietnamese government can come up with in the future.
