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.

Thursday, May 12, 2011 18:23

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

The programme aims tocreate a market to effectively attract private investment ininfrastructure projects, in order to contribute to the country’ssocio-economic development.

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

Accordingto MPI Deputy Minister Dang Huy Dong, the Prime Minister issuedDecision No. 71 on the pilot implementation of investment in the form ofPPP.

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

Through the PPP programme, the Vietnamese government hopes to attractnot only capital, but also advanced technology and managementexperience.

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 15trillion VND Ben Luc-Hiep Phuoc highway and a 2 trillion VND cleanwater supply plant./.

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