Stronger engagement of ministries, sectors and localities and more comprehensive relevant policies are needed to bolster private investment in infrastructure and public services, said Tran Hao Hung, Director of the Ministry of Planning and Investment (MPI)’s Public Procurement Agency.
A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.
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.
A delegation of the Korea Overseas Infrastructure and Urban Development Corporation (KIND) of the Republic of Korea (RoK) had a working session with officials of the Mekong Delta city of Can Tho on opportunities to invest in developing smart urban areas in the locality.
The Ministry of Transport is scheduled open bids on five public-private partnership (PPP) component projects of the North-South Expressway from October 2-5.
Investors engaging in the bidding of five public-private partnership (PPP) projects as part of the North-South Expressway will have to meet requirements in bidding documents, financial capacity and professional experience.
The Ministry of Transport has approved bidding documents for five component projects of the North-South Expressway to be implemented under the public-private partnership (PPP) format.
Legal authority for approving in principle a Public-private Partnership (PPP) project would be given to the National Assembly (NA) or the Prime Minister, according to the bill on PPP investment being crafted by the Ministry of Investment and Planning.
If BOT and BT projects are not audited over time, a huge amount of money will be lost. This problem will increase the costs people have to pay. Also, businesses and the State budget will lose tons of money.
Experts and managers discussed solutions to improve the quality and efficiency of auditing public-private partnership (PPP) projects during a conference themed “PPP projects and the role of the State Audit” held by the State Audit of Vietnam (SAV) in Hanoi on March 3.
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.
Domestic investors find it hard to carry out the North-South expressway project, and they are waiting for the Government and the State Bank of Vietnam to remove capital bottlenecks.
The National Assembly Standing Committee discussed a draft law on public-private-partnership (PPP) projects, composed by the Ministry of Planning and Investment (MPI), during its 37th session in Hanoi on September 16.
A workshop was held in Hanoi on July 4 to look into the prevention and settlement of contractual disputes in infrastructure public-private partnership (PPP) projects.
Prime Minister Nguyen Xuan Phuc and the Vietnamese delegation attended a banquet hosted by the Queen of Denmark for heads of delegations to the P4G Summit, and a lunch hosted by the Prince and Princess of Denmark as well as the closing ceremony of the summit on October 20.
The Government will abolish administrative procedures for issuing investment registration certificates for Public-Private-Partnership (PPP) projects, according to the government’s Decree 63.
The Ministry of Planning and Investment (MPI) has proposed building a draft law on investment in public-private partnership (PPP) models, including BOT (build-operate-transfer) form, which is expected to become a legal foundation for all PPP investment activities.
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