A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.
Following its accession to the Asian Organisation of Supreme Audit Institutions (ASOSAI) in 1997, the State Audit Office of Vietnam (SAV) has actively made public outcomes of auditing operations, including on the mass media.
Five component projects implemented in the form of public-private partnership (PPP) of the North-South Expressway need a proper mechanism to attract investors, according to insiders.
The law on public-private partnership (PPP) investment was adopted by the National Assembly (NA) on June 18 at the legislature’s ninth session, with 92.75 percent of deputies voting in favour.
Once the National Assembly approves the switching of investment format of the North-South Expressway to public investment, the Ministry of Transport (MoT) will open bidding in September so that the project can be kicked off in October or November this year.
The Ministry of Transport has recently proposed the Government to consider and approve the option of increasing BOT toll fees in order to remove difficulties for the investors who suffered revenue losses.
If operation right of North-South expressway is transferred, investors must see the benefits through the financial plan and attractive conditions in order to invest capital.
Electricity of Vietnam (EVN) has produced 7,185MW of power, accounting for 33.2 percent of Vietnam’s total power output in the 2016-20 period, according to the revised Power Development Master Plan (PDP) VII.
Vietnam will optimise external resources to spur national economy as the impact of the outbreak of acute respiratory disease caused by a new coronavirus (COVID-19) on foreign investment flows into the country is visible, according to the Ministry of Planning and Investment (MPI).
Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Transport to focus on investment in building national key projects, speeding up bidding and selecting investors.
The primary task of Vietnam Electricity (EVN) is to ensure adequate supply of electricity for socio-economic development, Prime Minister Nguyen Xuan Phuc has said.
Vietnamese Minister of Industry and Trade Tran Tuan Anh and his Korean counterpart Sung Yun-mo have discussed measures to further bolster economic, trade and investment partnership between the two countries.
The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
The nature of Public-Private Partnership (PPP) projects is sharing risks between the State and the private sector, therefore a detailed audit framework should be developed.
The northeastern province of Quang Ninh has decided to invest in seven major transport projects to promote its socio-economic development in the period of 2020-2022.
Banks are advised to have meticulous consideration before lending BOT and BT infrastructure projects as outstanding loans for the projects are likely at risk of turning into non-performing ones.
Deputy Prime Minister Trinh Dinh dung on September 29 afternoon officially ordered the technical opening of the Bac Giang – Lang son expressway project.
The Bac Giang – Lang Son Expressway will open to traffic after two years of construction, helping shorten the travel time from Hanoi to the Lang Son province by more than three hours.
The Ministry of Transport is working on a new draft circular which stipulates that the public will have a say on whether the locations of toll stations on Build-Operate-Transfer (BOT) roads are appropriate.
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XIII National Congress of Communist Party of Vietnam
