The government has ordered an overall review on policies involving public-private partnership in a bid to woo more private investment.

The Vietnamese Association of Road Systems Investors (VARSI) held a seminar on removing inadequacies of PPP transport infrastructure projects in Hanoi on Monday.

The Ministry of Transport has written to the prime minister proposing upgrading and expanding six airports under the public-private partnership (PPP) format.

Private investors will have more options to invest in aviation infrastructure, which has been dominated by state-owned enterprises. 

Thus far, the Law on Public-Private Partnership Investment has yet to make a major effect on the transport sector.

While the laws on investment, enterprises, and funding under the public-private partnership model are appreciated by local and foreign stakeholders. 

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.

With the issuance of the ground-breaking Law on Public-Private Partnership Investment, private groups have voiced expectations for future guiding decrees, requesting to extend the risk-sharing mechanism to completed and ongoing projects.

Effective in 2021, the amended laws on Enterprises, Investment, and Public-Private Partnership are expected to entail breakthrough changes to Vietnam’s business and investment landscape in the coming time, 

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.