Draft PPP law seeks to promote more public private partnerships in Vietnam
Changes to the draft law on PPPs have been submitted to the National Assembly for approval. According to the Minister of Planning and Investment, more private companies will invest in public-private partnership projects when concrete law on PPPs is in place. The draft law compliments a number of existing policies on PPP investment.
The draft law proposes the creation of an appraisal council that will investigate PPP schemes. This is to reduce the risk of private investors who invest in public-private partnership schemes, which are more complex and risky than public investment projects.
The draft law also proposes to set up a fund and a separate budget for PPP projects.
PPP projects are divided into three groups:
- user-pays (Build-Operate-Transfer, Build-Transfer-Operation, Build-Own-Operate and Operation-Maintenance)
- government-pays (Building-Transfer-Leasing, Building-Leasing-Transfer)
- resources exchange for infrastructure (Building-Transfer)
The Government leader stressed that all areas could be open for private investment, except for currency, defense and national security.
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