Seminar spotlights public-private partnership, related bill
The Ministry of Finance and the World Bank co-held a seminar in Hanoi on January 15 to discuss the public-private partnership (PPP), international practices and the related bill.
Seminar spotlights public-private partnership, related bill. (Photo: thoibaotaichinhvietnam.vn)
Hanoi (VNA) – The Ministry of Finance and the World Bank co-held a seminar inHanoi on January 15 to discuss the public-private partnership (PPP), international practices and the related bill.
A bill on thePPP is being crafted by the Ministry of Investment and Planning to submit tothe National Assembly for review, Deputy Minister of Finance Tran Xuan Ha spokeat the seminar.
Regardingfinancial and budget issues, the draft law does not only touch on matters likecompensation, land clearance, residential relocation, and capital contributionsfor financing construction, which have been already regulated in DecreeNo.63/2018/ND-CP, but also stipulates revenue-sharing mechanisms.
Ousmane Dione,WB Vietnam Country Director, highlighted six key principles that make a goodPPP law, saying it mustpromote cooperation and demonstrate how risk sharing via revenue sharing shouldwork. The law must also encourage more investment from the private sectorthrough proper support, both financial and non-financial, provided by thegovernment, he said.
The document must emphasise transparency and competitiveness, he continued, adding effective cooperation with thegovernment is key to success.
It was quitechallenging for Vietnam to call for private investment tomajor infrastructure projects, so the State budget has to allocate around 5.7 percent of the GDP for suchprojects, the highest rate in Southeast Asia, Lynn Tho from Ernst and Youngsaid.
Therefore,Vietnam must seek ways to attract private investors so as to narrow the infrastructure gap with other countries, she noted.
The Vietnameseeconomy is not big enough to raise adequate accumulated public capital forinfrastructure development; so injecting large investments in this area may affect the country’s capacity toensure a macro-economic balance and the economic growth, she explained,adding large State funding forinfrastructure also places a burden on public debt.
PPP is taken as an effective solution todevelop infrastructure in education and vocational training, culture and sportsin the face of the limited State budget./.
The National Assembly discussed the draft law on investment in the form of Public-Private Partnership (PPP) in the morning of November 19, the 22nd working day of the NA’s 8th session.
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Ho Chi Minh City's Department of Transport has asked the municipal People’s Committee to outline plans for investment in public transport in new residential areas, including new bus lanes, in an aim to reduce traffic congestion.
The Ho Chi Minh City People’s Committee is calling for investment in the form of Public-Private Partnerships (PPP) to improve environmental conditions at three closed landfill sites.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
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The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Seminar spotlights public-private partnership, related bill. (Photo: thoibaotaichinhvietnam.vn)
