Lecture 01: Introduction to Project Appraisal and Project Cash Flow
Nguyen Xuan Thanh
Readings:
1. WBI, Chapters 1 & 2.
2. SHD, Chapter 1, 2 and 3: 3.1 & 3.2.
Case 01: Ha Noi - Ho Chi Minh City Express Railway Project
Huynh The Du
Readings:
1. Vietnam Railway Corporation, Report on the Investment and Construction of Ha Noi - Ho Chi Minh City Express Railway, March 2010, Hanoi, Abtract and Chapter 10.
Lecture 02: Cash Flows and Project Appraisal Criteria
Huynh The Du
Readings:
1. SHD, Chapter 4.
2. WBI, Technical Appendix, pp. 289-298.
3. Finnerty, Chapter 9.
Distribution of Problem Set 1, due on Wednesday, 09 July 2014.
Case 02: Project appraisal based on cash flow method
Nguyen Xuan Thanh
Readings:
1. Kho Son Cement project appraisal: similarities of different cash flow methods, FETP case study.
2. SHD, Chapter 3: 3.3.
Review 01: Cash Flow and Present Values (optional)
Hoang Van Thang
The course is divided into three major parts. In the first part of the course, we discuss the fundamentals of project financial appraisal, ranging from project structure to the financial cost of capital, the construction of cash flows, the application various appraisal criteria, and basic financial model. The second part of the course focuses on the advanced topics of financial appraisal applied to public investment such as capital raising, risk analysis and restructuring the project. The third part of the course is devoted to the social and economic appraisal of a public investment project, including the methods of estimating the economic costs and benefits of project inputs and outputs in different market structure and extortion, the economic values of production factors such as capital, land, foreign currency and the evaluation of stakeholder impacts.
While there are formal lectures every week, more than half of class time will be devoted to case study discussion. Students will have to use the knowledge and skills acquired in formal lectures and readings to analyze real cases within the context of public investment in Vietnam and the world.
