Assessment on Vietnam's Transport Infrastructure Development Investment under the mode of Public-Private Partnership - Proposing Solutions

Authors

  • Le Manh Tuong Human Resources Training, Construction and Development Sau J.S. Company Author
  • Le Hoai Linh Ho Chi Minh City University of Transport Author
  • Dang Hoang Tuan Department of Transport of Long An Province Author
  • Le Phi Vu The board of Project Management and Land Development of My Tho City, Tien Giang Province Author

DOI:

https://doi.org/10.32628/IJSRCE

Keywords:

Public-private Partnership (PPP), Investment Management, Investment Attraction, Road Transport Infrastructure

Abstract

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.
              

Downloads

Download data is not yet available.

References

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."

The Ministry of Planning and Investment (2019), "Recommended Investment Law in the form of public-private partnership PPP", submitting to the National Assembly Standing Committee.

The Government (2015), "Decree No. 15/2015 / ND-CP dated 14 May 02 2015 on investment in the form of public-private partnerships".

Le Huong Linh et al (2018), "The risk of the investment for state management in the form of public-private partnership (PPP) road transport sector: statement and policy solutions", scientific thesis of the Ministry of Planning and Investment.

The National Assembly of the Socialist Republic of Vietnam (2017), "Reports on monitoring the implementation of investment projects under the public-private partnership mode PPP".

The National Assembly of Vietnam (2020), "Investment Law under public-private partnership approach."

Manh Tuong Le, et al (2021), “Application of quality planning and construction project to optimize product quality”, Journal of Applied Engineering Science, 2021, vol. 19, iss. 3, pp. 698-705.

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

Downloads

Published

07-10-2021

Issue

Section

Research Articles

How to Cite

Le Manh Tuong, Le Hoai Linh, Dang Hoang Tuan, & Le Phi Vu. (2021). Assessment on Vietnam’s Transport Infrastructure Development Investment under the mode of Public-Private Partnership - Proposing Solutions . International Journal of Scientific Research in Civil Engineering, 5(5), 156-163. https://doi.org/10.32628/IJSRCE

Similar Articles

1-10 of 185

You may also start an advanced similarity search for this article.