Vietnam seeks more public-private partnerships

May 13, 2011 | 09:45

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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.

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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 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 VND33 trillion Ninh Binh-Thanh Hoa highway, the VND15 trillion Ben Luc-Hiep Phuoc highway and a VND2 trillion clean water supply plant.

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