HCM City is expected to reconsider projects under the public-private partnership investment form meant to combat flooding and land subsidence and resettle people living along canals when new regulations for PPP come into effect.
Vietnam has been advised to introduce a range of solutions aimed at attracting private investment in an effective manner with the private economic sector increasingly becoming a key part of the national economy,
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.
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 Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.
The management boards of the North-South Expressway’s sub-projects have received applications from 32 domestic investors and joint ventures.
The knowledge sharing and technical assistance project for agriculture was launched in the Mekong Delta province of Hau Giang on August 19 with the debut of a public-private partnership (PPP) group for the project.
The tentative total investment for the North-South high-speed railway, according to the Ministry of Planning and Investment, is about $26 billion, $32.7 billion less than the previous proposal by the Ministry of Transport.
While waiting for brand new changes in the upcoming Law on Public-Private Partnership, Vietnam is offering special advantages for private investors from both home and abroad to join the North-South Expressway project.