HANOI, Apr. 16 – The Ministry of Planning and Investment has released the latest draft of regulations on pilot Public Private Partnerships (PPP) projects for infrastructure development.
PPP projects are critical for Vietnam to be able to develop its infrastructure as it implements further reforms to grow the economy. It is estimated that Vietnam will need to entice US$150 billion worth of investments in the infrastructure sector alone.
The government has been revising PPP project regulations in the past years. On Jan. 15, 2010, the government released Decree 108 that details new provisions regarding private sector participation in infrastructure projects.
Public-private partnership is a form of investment in which the state government and the investor cooperate on an infrastructure development project or a public service supply project on a per contract basis. Vietnam is piloting public-private partnership investment in the following infrastructure projects:
- Roads, bridges, tunnels, ferries
- Railway, railway bridges, railway tunnels
- Urban transport
- Airports, seaports, river ports
- Fresh water supply system
- Power plant
- Other infrastructure development and public services supply projects as decided by the Prime Minister
The draft regulations will be open to comments and feedback until April 28. A copy of the draft can be downloaded here.