Improve effectiveness of PPP projects in Vietnam
Date Issued
2014
Date
2014
Author(s)
Anh, Tu Truong
Abstract
Vietnam is one of the developing nations in the Southeast Asian with high economic growth rate (7%-9% per year). Vietnam government has realized that the evolution of infrastructure is one of the important ways to hold stride with this high economic growth rate in Vietnam. If infrastructure is poor and underdeveloped, it will hinder the improvement of the country’s economy. According to World Bank, in order to keep this high economic growth rate, the infrastructure development should be from 11-12% GDP. There is an emerging urgent need of development for energy, transportation network, telecommunications, water supply, water treatment, and so on. The obsolescence and shortage of these facilities to prevent the country’s economic growth.
In order to invest in these facilities, it has required a huge of capital that only government cannot afford. Thus, private sector participating in developing public facilities is necessary to make use of its capital, technical and management skills. Based on this purpose, PPP model has emerged as an optimal solution to solve these problems.
In recent years, PPP model has been applied in Vietnam under BOT (Build-Operate-Transfer) scheme. Vietnamese government amended the Law on Foreign Investment to facilitate Build-Operate-Transfer (BOT) regulations in practice. Recently, the BOT regulations were enacted under Government Decree, which is still inadequate and in the process of improving. Although this indicates the efforts of the Vietnam government in trying to apply PPP arrangement in developing infrastructure, some projects are practiced under PPP model. But their effectiveness are not so good.
The importance of PPP model for the development of infrastructure, Vietnamese economy and exiting obstacles in PPP practices in Vietnam need to be further studied. Among many critical success factors influencing to performance of PPP practice in Vietnam, the author recognizes that Vietnamese government should try all her efforts to improve the organization, financial market, ability to manage risks, legislation and regulation to leverage private involvement in PPP scheme. The other factors can be achieved by the learning curve process in the course of local and international PPP practice.
In summary, the thesis focuses on answering the question: how to improve the effectiveness of the PPP projects in Vietnam?
Subjects
購買力平價
調控
排除
成效
BOT
問題
解決方案
解決
政策
SDGs
Type
thesis
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