Economic experts gathered at a seminar in Hanoi on December 28 to discuss ways to implement investment projects in the form of Public-Private Partnerships (PPP).

Speaking at the seminar, Le Van Tang, Head of the Bidding Management Department under the Ministry of Planning and Investment (MPI), said that Vietnam needs 39 billion USD each year to develop its infrastructure system. Presently only 50-60 percent of what is needed is met through traditional channels.

PPP is considered one of the most important channels to draw investment from domestic and foreign private economic sectors to develop the country’s infrastructure, he said.

According to participants, to increase PPP efficiency in 2013, the MPI needs to complete PPP policies and call for foreign assistance to develop partnership programmes.

At present, the MPI, Asian Development Bank (ADB) and the French Development Agency (AFD) are preparing a Project Development Fund (PDF) with a loan of 20 million USD from ADB and 8 million EUR (10.5 million USD) from AFD.

As part of the Public-Private Partnership Support Project (P3SP), the fund will support State agencies responsible for preparing PPP projects.-VNA