Ensuring prosperity: Supporting the development of Vietnam’s transport sector
The Program
The Government of Australia (GoA), via the Department of Foreign Affairs and Trade (DFAT), maintains an excellent relationships with the Government of Vietnam, providing direct continuous assistance to support the development of transport infrastructure in the country since 1996.
Aus4Transport is a 5-year transport infrastructure development program (2018-2022) managed by DT Global on behalf of the Australian Government. As part of the Aus4Vietnam investment portfolio, Aus4Transport provides a grant of AUD30 million that aims to increase investments in Vietnam’s transport infrastructure, leading to an enhanced national transport network that supports inclusive economic growth and alleviates poverty in the country.
Working in close partnership with the Ministry of Transport (MOT) and the wider transport sector, Aus4Transport is improving the sector’s capacity to design and develop high quality projects and bring them to market faster, making the sector more attractive to private investors and to Multilateral Development Banks (MDBs).
The program in a Nutshell
7-year transport infrastructure development program
2018-2024
AUD 30 Million Grant
To be invested over 7 years
Partnering with the Ministry of Transport
Joint implementation
Increase investment in transport infrastructure
Attract national and foreign investment
High-quality projects
From design to implementation
Speedier design
Projects are ready for construction faster
Shifting approach
In the last three decades, Vietnam has achieved remarkable economic and social development, now qualifying as a middle-income country. This achievement has been accompanied by an inevitable shift on the shape of the international support received from donors. International investment has transitioned from support to build hard infrastructure to a focus on developing sustainable capacity that can drive reform, innovation and application of best international practice.
In this regard, Aus4Transport provides support to the Government of Vietnam through funding and through technical assistance, functioning as a true partnership between the two governments by serving both countries’ strategic priorities through joint implementation.
Program’s Goal
The Aus4Transport Program main goal is a result of more than 30 years of transport infrastructure cooperation between Australia and Vietnam. It aims to deliver long-term sustainable results that align with the strategic needs of the Vietnamese Government and support the country’s development towards a prosperous future.
Increased investments in Vietnam’s transport infrastructure, leading to an enhanced national transport network that supports economic growth and poverty reduction.
Aus4Transport’s Ultimate Outcome
Improve the sector’s capacity to design and develop high quality projects and bring them to market faster
