Society

Seminar highlights Public-Private Partnerships

The business model of Public-Private Partnership (PPP) in infrastructure projects and public services topped the agenda of a seminar held in Hanoi on March 3.
The business model of Public-PrivatePartnership (PPP) in infrastructure projects and public services toppedthe agenda of a seminar held in Hanoi on March 3.

The seminar was co-hosted by the Hanoi municipal People’s Committee,the Gide Loyrette Nouel Vietnam Company and the Veolia EnvironmentGroup of France .

It aimed to update the city’s officials on knowledge and experienceregarding the planning and implementation of PPP projects invested byindividuals and businesses both in and outside the country.

Samantha Campbell, an expert from the Gide Loyrette Nouel Vietnam Co.,said that the main feature of PPP--a form of cooperation between stateagencies and the private sector to build or manage infrastructure andpublic services--is that state agencies monitor and manage projects,and always hold the ownership of assets.

Via this model, state agencies can accumulate experiences,technological advances and even capital from the private sector, sheadded.

At the seminar, participants discussed a range of PPP models, Vietnam’s legal framework and the application of this type of partnership ininfrastructure projects and public services, as well as the need toexpand the variety of PPP models in the country./.
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