Vietnamese Tiếng Việt | Tuesday, April 24, 2018 | Advertise with Us
Text Size

PPP law to be drafted in 2018

(0 votes, average 0 out of 5)

Vietnam is expected to start building a law on public-private partnership (PPP) investment in 2018 to pave the way for future foreign investment inflows.

PPP law to be drafted in 2018, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

A law to replace simple decrees would be essential to facilitate foreign investment in PPP projects


Vu Quynh Le, deputy head of the Ministry of Planning and Investment's Public Procurement Department, made this statement at November 16 workshop at Vietnam-World Economic Forum Infrastructure Development Cooperation.

If everything goes smoothly, the draft law is expected to be submitted to the government and the National Assembly (NA) in late 2018.

At present, PPP investment is regulated by Decree No.15/2015/ND-CP and Decree No.30/2015/ND-CP. Despite improvements, the risk-sharing mechanism, exchange rates, and revenue guarantees, which are considered the topmost concerns among foreign investors, remain absent from the decrees.

The lack of this regulatory mechanism has discouraged foreign investors from joining transport infrastructure projects in Vietnam. Thus, up till now, no PPP transport infrastructure projects have been successfully done by foreign investors in Vietnam, despite their great interest.

"The decrees cannot help solve these problems, only a law can deal with them. We are proposing the government to build a PPP law," a senior official from the Ministry of Transport (MoT) told VIR.

Vietnam has been striving to attract private investment into infrastructure projects amid heavy budgetary constraints.

According to the Ministry of Planning and Investment, Vietnam is estimated to need around $68 billion of foreign investment in the infrastructure sector in the next five years.



Source: VIR

Maybe You Also Interesting :

» Vietnam expects stronger foreign investment flow in CPTPP period

Economists are optimistic about foreign investment in Vietnam, both foreign direct investment (FDI) and foreign portfolio investment (FPI), in 2018 and...

» Torrential foreign investment flows into Vietnam

Over the past 15 months, foreign investment inflows to Vietnam were growing in scale and took on diverse forms to tackle an increasing number of sectors,...

» Foreign investment streams accelerate bank restructuring

Over the last thirteen months, the volume of foreign investment injected into Vietnam-based financial institutions (FIs) not only bolstered M&A (mergers...

Popular News Categories:

- Asia & Asian  |  EU & Russia  |  America & US

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet

Culture & Tourism:

-> About Vietnam  |  Things To Do

-> Destinations  |  Events Calendar

-> Visa Online  |  Flights & Transport

-> Accomodation  |  Tours & Cruise

-> Find more go to Travel.VN...