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 central city of Da Nang has proposed a plan of developing seven high-quality health care service projects with an estimated fund of 13.6 trillion VND (591 million USD) from the state budget, the city’s planning and investment department said.
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.
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 National Assembly (NA) Standing Committee will put forward and comment on a report on a draft law on investment in the form of a Public-Private Partnership (PPP) during a session on May 26.
Delegates at a video seminar in Hanoi on May 13 shared views on the significance of the draft public-private partnership (PPP) law in the context of increasing demand for resources and limited State budget funds.
Prime Minister Nguyen Xuan Phuc has recently urged Hanoi to build development scenarios at different levels amid big changes in the world, regional and national economies to take advantage of all new opportunities and overcome difficulties to contribute more to the national development.
Ownership rights and risk-sharing mechanisms must be clarified in public-private partnership (PPP) law to encourage the participation of private investors and ensure efficiency as well as transparency of PPP projects, according to Tran Chung, Chairman of the Vietnam Association of Road Traffic Investors.
The International Monetary Fund (IMF) downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7 percent, due to impact of the ravaging COVID-19 pandemic.
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.
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XIII National Congress of Communist Party of Vietnam
