Prime Minister Nguyen Tan Dung has stressed the importance of public-private partnerships (PPP) in the forthcoming ASEAN economic community, where member states should issue a common policy framework and an attractive portfolio of investment.

He voiced his position at a discussion held at the World Economic Forum (WEF) on East Asia, that opened in Manila, the Philippines on May 22.

As ASEAN is strengthening its connectivity, it needs to utilise the PPP model, especially in transport, he said, adding that foreign investment from outside the region is also needed.

At a dialogue with WEF business players interested in the Vietnamese market, Dung vowed to help them access a promising business environment to work in over the long term.

He informed delegates that Vietnam is speeding up the pace of economic restructuring, shaping new growth models and perfecting its economy market mechanism.

“Vietnam boasts an abundant young population who can meet diverse needs. Following the realisation of the ASEAN community and free trade agreements with advanced economies, the country is expected to be a part of a vast network grouping 55 partners, including 15 G20 members,” he added.-VNA