Latest News about PPP
Further clarifying the legal framework for infrastructure development via wider participation of private investors is expected to help the country attract more funding into the industry.
Vietnam will, for the first time, apply revenue risk allocation for public-private partnership initiatives from early 2021, but the application will be restricted to certain projects to ensure bankability.
The estimated cost of the North-South Expressway in 2018 was VND16 trillion lower than the initial estimate made in 2017 when the National Assembly decided to develop the project.
New policies are expected to accelerate the recovery of the real estate market and lay a firm foundation for the market’s long-term development.
Some National Assembly delegates yesterday expressed concerns over the Government's decision to transfer certain components of the North-South Expressway from the PPP model to public investment, Thanh Nien newspaper reported.
The new draft Law on Public-Private Partnerships (PPP) is being discussed at the National Assembly, and set to be voted on June 18 which also specifies PPP-based investment in the country’s power grids and power plants.
Investors will be allowed to pour money into five groups of projects under the form of public-private partnerships in Vietnam as per a related law that offers an international-standard dispute resolution mechanism.
The Government has proposed to the National Assembly three options for transforming investment models at sub-projects of the Eastern North-South Expressway for consideration.
A full-scale audit should become compulsory for work carried out under public-private partnerships to make sure they are efficient and benefit all stakeholders, lawmakers have told the National Assembly.
A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.
The ongoing coronavirus pandemic has upended economies worldwide, and Vietnam must take urgent measures to handle this period of instability.
The Ministry of Planning and Investment has released the latest draft Law on Public-Private Partnerships in a move to make a fresh shift towards a specific and consolidated framework for bankable projects.
The key Eastern Cluster of the North-South Expressway venture has run aground, prompting the Ministry of Transport to reconsider investment scenarios to improve the bankability of each component project
Legal authority for approving in principle a Public-private Partnership (PPP) project would be given to the National Assembly or the Prime Minister, according to the bill on PPP investment being crafted by the Ministry of Investment and Planning.
The long-awaited draft Law on Public-Private Partnerships is being completed with some issues of special attention among international and domestic private ventures being revised in order to increase bankability and to help reduce public debt.
Le Net and Vu Thi Thinh from LNT & Partners discuss how important public-private partnerships are to the country’s infrastructure development.
In 2019, foreign direct investment attraction was a bright spot of Vietnam’s economic picture. It is expected to continue being one of the vital drivers of the country’s growth this year and beyond.
The transport sector could make a breakthrough in investment mobilisation for national key projects this year.