Vietnam seeks more public-private partnerships

The Ministry of Planning and Investment (MPI) held a seminar on a public-private partnership (PPP) programme between Vietnam and investors in Hanoi on May 12.

The programme aims to create a market to effectively attract private investment in infrastructure projects, in order to contribute to the country’s socio-economic development.

MPI estimated the market would be able to attract 70-80 billion USD in the next 10 years.

According to MPI Deputy Minister Dang Huy Dong, the Prime Minister issued Decision No. 71 on the pilot implementation of investment in the form of PPP.

He went on to say that the document is one of the key policies which created a legal framework for stronger attraction of private investment in infrastructure and public service.

Through the PPP programme, the Vietnamese government hopes to attract not only capital, but also advanced technology and management experience.

After 3-5 years of pilot implementation, the programme is expected to be deployed widely.

By May 11, ministries and localities proposed 24 projects be implemented under the PPP structure.

They included the 33 trillion VND Ninh Binh-Thanh Hoa highway, the 15 trillion VND Ben Luc-Hiep Phuoc highway and a 2 trillion VND clean water supply plant – Vietnamplus

Tags: public-private partnerships, Vietnam Infrastructure