Vietnam Gov’t to further promote public-private partnership in all fields: PM
The Government is working hard to ensure businesses and people benefit from every policy or decision, Prime Minister Pham Minh Chinh has said.
The Government is working hard to ensure businesses and people benefit from every policy or decision, Prime Minister Pham Minh Chinh has said.
Vietnam said the first batches would be delivered in July.
The law envisages that five sectors eligible for PPP investment including transportation, power industry, irrigation, healthcare, and infrastructure.
Vietnam is set to face a surge in power demand and consumption over the coming decade, which is likely to outpace capacity growth in the near term, stated Fitch Solutions.
Vietnam strives to be among the top four countries in e-government in ASEAN and the 70 leading countries in e-government in the world by 2025.
The law is considered a potential game-changer, addressing various shortcomings of the previous PPP legal framework, most pertinently that relating to the allocation of revenue risk.
All five sub-projects under the North-South Expressway project would be operated under the PPP mechanism, scheduled to commence in early 2021.