The issues related to the public - private partnership (PPP) investment form in Vietnam were the focus of a meeting held by the Ministry of Planning and Investment and the Japan Bank for International Cooperation in Hanoi on July 16.

According to Deputy Minister Dao Quang Thu, there is a great potential for trade cooperation and investment between the two countries as Japan is now one of Vietnam’s leading trade and investment partners.

The ministry is striving to complete the building of a PPP Decree, expected to be issued in the next month, with a hope of further promoting the country’s economic growth through luring investment from private domestic and foreign areas, he revealed.

JBIC Governor Hiroshi Watanabe stressed that Japanese enterprises put their faith in Vietnam’s future economic development prospect and are seeking opportunities to implement their investment projects in the country, including those in the PPP form.

Watanabe asserted that JBIC had experiences in financing PPP projects in many countries and the bank is willing to share them with Vietnam to help the country hasten the policymaking and the implementation of the projects of this kind.

He also suggested the Vietnamese government create the best possible conditions for Japanese firms, particularly simplifying administrative procedures and regulations to facilitate their investment in the country.

Once issued, the decree, comprising of 12 chapters with 82 articles, is expected to help attract more capital from private investors into Vietnam, especially those abroad.-VNA