main navigation menu miga logo
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Subscribe to Our Monthly Newsletter
x

About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Viet Nam

BCC East HCMC

$10 million
Telecommunications
Project Brief
Not Active
twitteremail

MIGA issued $10 million in guarantee coverage to France Cables et Radio Vietnam Pte. Ltd. for its nonequity direct investment, via a business cooperation contract, with the state-owned Vietnam Post and Telecommunications agency. The guarantee is protecting the investor against the risk of transfer restriction.

The contract calls for the two companies to work together (on a build-and-transfer basis) to construct, install, and maintain at least 540,000 new fixed telephone lines in East Ho Chi Minh City over a 15-year period. The project area should see a major boost in the number of lines per person (teledensity) by 2003, with an increase of 20,000 lines in the city's rural outskirts. Teledensity, currently at 5 percent, is expected to reach 21 percent by the project's completion in 2005. The project sponsor also plans to spend about $1 million a year to train local staff.

twitteremail