(VOV) - The Vietnamese Government hopes to successfully implement the public-private partnership (PPP) programme, said Deputy Minister of Planning and Investment Dang Huy Dong.
He was speaking at a seminar on promoting the PPP programme between the Vietnamese government and donors, which was held in Hanoi on May 12.
The programme is aimed at creating a market to attract the private sector’s investment in infrastructure projects, thus contribute to the country’s socio-economic development. It is estimated that the market will be able to attract US$70-80 billion within 10 years’ time.
Deputy Minister Dong believes that the programme will enable Vietnam take advantage of the private sector’s management skills and advanced technologies to develop infrastructure and public services projects.
Prime Minister Nguyen Tan Dung has signed decision No. 71 on the implementation of pilot public-private partnership projects.
Ministries and localities have developed 24 PPP projects including the Ninh Binh – Thanh Hoa highway with a total capitalisation of VND33 trillion and the Ben Luc – Hiep Phuoc highway with an estimated cost of VND15 trillion.