Tag: PPP

Vietnam continues its ambitious infrastructure push with the groundbreaking of a key expressway segment, utilizing a public-private partnership to accelerate completion of the vital North-South corridor.

The 2017 Global Infrastructure Outlook shows that Vietnam needs more than $600 billion to fulfil infrastructure targets by 2024.

Deputy Prime Minister Le Van Thanh has signed a decision to establish an interdisciplinary appraisal council on the feasibility study of component 2 in the construction of Quang Tri Airport under the public-private partnership (PPP) method. The central province’s airport is on the list of 28 airports in the master plan to 2030 approved by the Prime Minister.

The Master Plan on the Development of the National Airport Network is to be submitted to the Appraisal Council for consideration and to the Prime Minister for approval in October.

A working group led by Deputy Prime Minister Le Van Thanh will report on a study on converting two military airports into dual-use airports and consider investment by cities and provinces in four airports under the PPP method in the fourth quarter of this year.

The 60-km Dau Giay - Tan Phu Expressway has been approved for construction with total investment of nearly VND8.4 trillion ($356.8 million) under the public-private partnership (PPP) model in 2021-2025. This is the first part of the Dau Giay - Lien Khuong Expressway connecting Lam Dong province with Ho Chi Minh City and southern provinces totaling more than 200 km in length.

Public-Private Partnership (PPP) Working Groups were established by the Ministry of Agriculture and Rural Development in 2010 and were institutionalized into the Partnership for Sustainable Agriculture in Vietnam (PSAV) by 2015. This has contributed to restructuring the agricultural economy, creating 500,000 jobs and improving farmer skills. However, PSAV activities still face many difficulties due to a lack of legal regulations and risks from natural disasters, epidemics, and market fluctuations.

The Dau Giay - Lien Khuong Expressway stretches 220 km and connects southern Dong Nai province and the central highlands’ Lam Dong province, playing an important role in socioeconomic development in Lam Dong and the wider central highlands region. The Ministry of Transport and Lam Dong province are therefore moving to complete procedures and soon begin construction of two component projects, the Dau Giay - Tan Phu and Tan Phu - Bao Loc sections, with total investment of more than VND24.5 trillion ($1.05 billion) in the public-private partnership (PPP) form.

Obstacles and challenges are discouraging public-private partnerships.

Deputy Prime Minister Le Van Thanh has assigned the Inter-Sectoral Appraisal Council to consider a pre-feasibility study submitted by the Ministry of Transport on the Dau Giay - Tan Phu Expressway project running through southern Dong Nai province, to be built under the public-private partnership (PPP) model with total investment of nearly VND8.5 trillion ($366.3 million). With a length of more than 200 km, the expressway will be a driving force of economic development in the southern region and central highlands and will also promote the Nha Trang - Da Lat - Ho Chi Minh City tourism triangle.