Manuscript Number : IJSRCE215514
Assessment on Vietnam's Transport Infrastructure Development Investment under the mode of Public-Private Partnership - Proposing Solutions
Authors(4) :-Le Manh Tuong, Le Hoai Linh, Dang Hoang Tuan, Le Phi Vu
The goal of developing the country's infrastructure system, especially for underdeveloped or moderately developed countries such as Vietnam is extremely important. To become a modern industrialized country, not only Vietnam but any other countries are required to have an appropriate policy mechanism to strengthen infrastructure, attracting private investment, capital sources while public investment capital remained limited. Solutions to attract investment in infrastructure development in general and transport infrastructure in particular are expected to include perfecting laws, mechanisms and policies, management model. Those will create favorable conditions for domestic and foreign economic sectors to participate in many forms, especially completing the investment under the PPP (Public-Private partnership) model in line with international practices. After nearly 15 years of implementing PPP investment in the construction of transport infrastructure, Vietnam has initially achieved certain results, contributing to the expansion and upgrading of its current transport infrastructure system. Besides public investment capital, government bond capital, official development assistance (ODA), there are sources of investment capital from the non-state sector through PPP project contracts (mainly BOT and BT ones) which have significantly changed the transport infrastructure system in Vietnam (completion of nearly 3,000-km roads of all kinds). In the period of 2021-2025, Vietnam is projected to complete 5,000 km of expressways, in order to create a major economic breakthrough. In the context of limited public investment capital, the PPP investment form is considered the most feasible.
Le Manh Tuong
Human Resources Training, Construction and Development Sau J.S. Company
Le Hoai Linh
Ho Chi Minh City University of Transport
Dang Hoang Tuan
Department of Transport of Long An Province
Le Phi Vu
The board of Project Management and Land Development of My Tho City, Tien Giang Province
Public-private partnership (PPP), investment management, investment attraction, road transport infrastructure.
- The Ministry of Transport (2018), "Document No. 10 225/12 09 BGTVT 2018 on the implementation of investment projects under PPP of the Ministry of Transport."
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- The Government (2015), "Decree No. 15/2015 / ND-CP dated 14 May 02 2015 on investment in the form of public-private partnerships".
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- Le Phi Vu, Le Manh Tuong, Le Van Thuc (2021), "Risk Management of Projects of Tien Giang Province Transportation in Climate Change Conditions", International Journal of Scientific Research in Civil Engineering 2021 | IJSRCE | Volume 5 | Issue 3 | ISSN: 2456-6667
Publication Details
Published in : Volume 5 | Issue 5 | September-October 2021
Date of Publication : 2021-10-30
License: This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 156-163
Manuscript Number : IJSRCE215514
Publisher : Technoscience Academy
URL : https://ijsrce.com/IJSRCE215514
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