The Ministry of Planning and Investment and the World Economic Forum (WEF) co-held a meeting in Hanoi on November 23 to launch the Vietnam Infrastructure Working Group (IWG).
The Ministry of Planning and Investment and the World Economic Forum (WEF) co-held a meeting in Hanoi on November 23 to launch the Vietnam Infrastructure Working Group (IWG). (Photo: VNA)
Hanoi (VNA) – The Ministry of Planning andInvestment and the World Economic Forum (WEF) co-held a meeting in Hanoi onNovember 23 to launch the Vietnam Infrastructure Working Group (IWG).
Addressing the event, Minister of Planning and InvestmentNguyen Chi Dung said the country’s socio-economic development strategy for the2011 – 2020 period describes infrastructure development as one of the key tasksas well as one of three strategic breakthroughs needed to achieve, focusing ontransport and urban infrastructure.
Justin Wood, head of Regional Agenda for Asia Pacific andmember of the Executive Committee at the WEF, said infrastructure is foundationof any economy so it needs to be developed by cooperation between public andprivate sectors. What Vietnam must do is to create a common space for bothpublic and private sectors to work together in this field.
He hoped Vietnam IWG would act as a facilitator for thegovernment and enterprises to work together, share ideas and makerecommendations for more effective and successful public-private partnership.
The WEF will help Vietnam navigate the next phase ofgrowth in the Fourth Industrial Revolution; and one of the seven pillars in thecooperation is to make policy recommendations on future of long-terminvestment, infrastructure and development, which will be done by the workinggroup, he said.
Vietnam IWG consists of senior executives from bothpublic and private sectors to facilitate interaction and partnership amongstakeholders in financing and developing infrastructure projects.
This year, the working group plans to examine andidentify issues on policies to assist the drafting of a law on public-privatepartnership (PPP) investment while making recommendations in four key areas,including building legal framework for and implementing PPP projects. –VNA
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The Ministry of Planning and Investment and the World Economic Forum (WEF) co-held a meeting in Hanoi on November 23 to launch the Vietnam Infrastructure Working Group (IWG). (Photo: VNA) 
