Foreigners contribute opinions to PPP regulations
Around 50 delegates from foreign investors, financial organisations and consultation companies examined Vietnam’s revised regulations on the pilot public-private partnership (PPP) in Singapore on March 25.
At the workshop, Deputy Minister of Planning and Investment (MPI) Dao Quang Thu said that from now to 2020, Vietnam needs about US$30-40 billion in investment capital each year to develop key infrastructure systems, including transport, electricity and water supplies.
Half of the total will be mobilized through traditional investment channels.
The country attaches great importance to cooperation forms between the State and private sectors to develop infrastructure, he said.
Thu also stressed that Vietnam is preparing all necessary conditions to implement the PPP scheme, in which completing a legal framework for PPP is extremely important.
According to the draft revision, State capital in PPP projects can be up to 49 percent of the total while investors can enjoy more preferences.
Priority areas for PPP schemes will be expanded to include information technology, agricultural infrastructure, education and government office buildings.
MPI leaders also pledged to complete regulations in the first half of this year as scheduled to establish a more suitable legal framework on PPP and turn it into an attractive sector for foreign private areas.