The Ministry of Finance (MoF), in collaboration with the Asian Development Bank (AerDB), organized the "PPP Dialogue: Partner - Innovate - Deliver" event in Hanoi on November 25, aiming to effectively implement current legal regulations on public-private partnership (PPP) investments, creating more room to mobilize private resources for infrastructure and socio-economic development, particularly in science, technology, innovation, and digital transformation sectors.
In his opening remarks, Deputy Minister of Finance Tran Quoc Phuong emphasized that Vietnam is entering a new development phase, aiming for rapid, sustainable growth and enhancing national competitiveness. The demand for infrastructure investment in the coming period is substantial, while public resources can only meet a portion of it. Therefore, attracting the private sector through PPP becomes an essential requirement.
According to the Deputy Minister, the legal framework for PPP has been continuously improved in recent years. After completing the legal corridor, Vietnam is ready to accelerate the implementation of PPP projects with significant spillover effects.
"The discussions at the dialogue will significantly contribute to bringing the PPP legal framework into practical, effective implementation, meeting the requirement to mobilize all resources for the country's development in the new breakthrough phase," Deputy Minister Phuong emphasized.
Mr. Shantanu Chakraborty, ADB Country Director in Vietnam, assessed that over the past 15 years, Vietnam has made impressive progress in building the legal and institutional foundation for PPP. These efforts lay a groundwork for expanding PPP in a more strategic and consistent direction. However, he also noted that Vietnam still needs more time to form a significant number of feasible projects to access the market and effectively mobilize capital.
At the event, many businesses and experts agreed that the amended PPP Law creates a more open legal foundation, but the final effectiveness still heavily depends on the speed of state agency responses, coordinated mechanisms, and the detail level of implementation guidelines.
Investors and banks expect these amendments not only to stop at documents but to be applied consistently and timely, helping the PPP model truly become a pillar for mobilizing private capital in national infrastructure development.
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