Public-private partnership applied flexibly in Vietnam: official

HCM City (VNA) – A number of legal documents on public-private partnerships (PPP) were issued in Vietnam , and this form of cooperation has been applied flexibly in various fields. 

Deputy Minister Ho Thi Kim Thoa made the remark at a workshop on PPP enhancement in Ho Chi Minh City on August 11. 

As many PPP related policies have been promulgated to capitalise on businesses’ potential, the Ministry of Industry and Trade and its provincial agencies have carried out different programmes to support enterprises, especially small- and medium-sized ones, she said. 

The Government’s Resolution 35/NQ-CP, issued on May 16, 2016, stresses the State’s viewpoint on facilitating businesses. It stated that companies have the freedom to conduct a business, and the State treats all businesses equally and works to serve, instead of manage them. 

Many countries have successfully applied PPP to augment resources for State projects amid their public sector reforms. 

Stephen Berlinguette, chief of the US Agency for International Development’s HCM City section, said PPP is now a global trend, adding that the private sector is a new and effective measure to help address problems pertaining to capital mobilisation, technology, management capacity and economic growth promotion. 

Cao Thi Ngoc Dung, chairwoman of the HCM City Association of Women Entrepreneurs said, Vietnam is strongly integrating into international markets through free trade agreements. Meanwhile, 25 percent of Vietnamese businesses are owned by female entrepreneurs, numbering 91,000 in 2015, but they are facing an array of challenges. 

PPP support policies will create favourable conditions for businesswomen’s companies to effectively engage in socio-economic development, she said.-VNA