Critical Factors Affecting the Efficient Use of Public Investments in Infrastructure in Vietnam

Giang, Dang Thu; Pheng, Low Sui

doi:10.1061/(asce)is.1943-555x.0000243

Cited by 18 publications

(10 citation statements)

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Due to the limitation of the funds available to many municipal agencies, private financing of public infrastructures provides an alternate option. However, in order to attract the private investors, the economic feasibility evaluation should address the involved uncertainties (both cost estimation-and performance-related) and risks (financial and payment, pre-and post-contractual and political risks) when evaluating the potential returns (Giang and Pheng, 2015), as direct correlation between risks and return exists. It is also noteworthy at this stage that the investment goals of private investors may not necessarily align with the political, publicity and administrative objectives of the government municipal authority; and, may be more inclined towards materialising a solid client retention and consumer market expansion.…”

Section: Stakeholder Expenses: Budgetary Costs Of Road Agenciesmentioning

confidence: 99%

Critical review and methodological issues in integrated life-cycle analysis on road networks

Hasan

Whyte

Jassmi

2019

Journal of Cleaner Production

View full text Add to dashboard Cite

Life-cycle management of road network projects traditionally emphasise material production and construction stages, with less attention given to usage stage and functionality improvement. Increasingly there is a need to address: inconsistencies in cost attribute selection; adjusting for uncertainties and costs; clarifying system boundaries; data sources; functional units and regional or temporal applicability of life-cycle frameworks. The current study focuses on a critical literature review of life-cycle cost analysis (LCCA) and life-cycle assessment (LCA) research published in the last decade (post 2008) towards identification of research gaps. Accurately analysing all life-cycle stages, feedback loops, future cash and resource flows, and interlinking performance with overall sustainability can aid the decision-making process towards sustainable alternatives for constructing new, or rehabilitating existing roads. This review finds that the use of recycled materials, base/sub-base stabilisers and asphalt binder replacement has the potential of energy saving (≥ 34% or 3.1 TJ), mitigating landfill disposal issues, and greenhouse gas load reduction (≥ 34.5% CDE). Lack of real world LCCA-LCA application and stakeholder prejudice against recycled material usage are addressable by better stakeholder (decision-makers and road users) engagement via a social component. The proposed enhancements identified in this study can increase LCA/LCCA attraction to policy-makers, planners and users and ultimately ensure a more sustainable asset.

show abstract

Section: Stakeholder Expenses: Budgetary Costs Of Road Agenciesmentioning

confidence: 99%

Critical review and methodological issues in integrated life-cycle analysis on road networks

Hasan

Whyte

Jassmi

2019

Journal of Cleaner Production

View full text Add to dashboard Cite

show abstract

“…Political pressure occurs because there are interests from political actors in Indonesia who intervene the process of selecting and prioritizing infrastructure projects. In their study, Giang and Pheng [9] argued that political leaders can use infrastructure investment to secure their political positions. This may cause politicized decision-making rather than rationalized decision-making process during infrastructure project selection.…”

Section: Intervention Issuesmentioning

confidence: 99%

“…How does the politic influence the selection process? Annema, Mouter and Razaei [8], Giang and Pheng [9], Lee [10], Priemus [4] 5…”

Section: Introductionmentioning

confidence: 99%

Qualitative Analysis of Factors Affecting Decision-Making Process of Infrastructure Project Selection

Hansen¹,

Too²,

Lê³

2021

Proceedings of the 3rd International Conference on Economics, Business and Economic Education Science, ICE-BEES 2020, 22-23 Jul

View full text Add to dashboard Cite

In practice, there are several factors affecting the decision-making process of infrastructure project selection, which may influence the decision makers in making investment decisions. Due to its significance, these influencing factors are explored in this study using a qualitative approach consisting of twenty semi-structured interviews with industry experts in the Indonesian context. Thematic coding analysis was used to analyze the collected data. Thirteen influencing factors have successfully identified and categorized based on their similarities into four groups, namely: personal attributes, cognitive abilities, technical factors, and intervention issues. Understanding these influencing factors is crucial in infrastructure project planning and selection since it will allow the decision makers to identify foreseeable problems and take precautionary steps in order to arrive at sound decisions. Finally, this paper presents the current practice of decision-making process for infrastructure project selection and highlights the influencing factors as an important issue that exists in the current practice.

show abstract

“…Interest rate fluctuation can have a positive or negative effect on both owners and contractors. (Giang & Pheng, 2014;P. T. Nguyen, Nguyen, Pham, et al, 2018).…”

Section: (Ii) Interest Rate Fluctuationmentioning

confidence: 99%

Risk Management in Engineering and Construction

Motawa¹

2019

View full text Add to dashboard Cite

The constant demand for construction in developing countries like Vietnam causes Project Management Units (PMUs) more and more challenges and difficulty in carrying projects to completion on schedule, with quality assurance and fewer costs. In order to do this, PMUs need to have better and tighter management tools and forms. However, in order to minimize risks to the parties during project implementation, the binding terms in contracts are also becoming stricter with more and more new forms of contracts. One of them is the designbuild (DB) contract form. This paper presents the critical risk factors for design-build projects in the construction industry. Good identification and management of these risk factors will help the projects succeed and increase the confidence of owners and contractors who seek to use the design-build form.

show abstract

Critical Factors Affecting the Efficient Use of Public Investments in Infrastructure in Vietnam

Cited by 18 publications

References 27 publications

Critical review and methodological issues in integrated life-cycle analysis on road networks

Critical review and methodological issues in integrated life-cycle analysis on road networks

Qualitative Analysis of Factors Affecting Decision-Making Process of Infrastructure Project Selection

Risk Management in Engineering and Construction

Contact Info

Product

Resources

About