VGP – Viet Nam is now diversifying capital sources for realizing the country’s three strategic breakthroughs of institutional improvement, human resource development, and infrastructure development which were enshrined in the Resolution of the 11th National Party Congress.
The public-private partnership, though not new to other countries, was considered a good choice to heighten the efficiency of resources for national development.
Not just words, the Government recently assigned the Ministry of Planning and Investment to prepare a list of PPP projects and to coordinate with the Ministry of Finance to arrange corresponding capital (around VND 20,000 billion between 2014 and 2015).
Earlier, PM Nguyen Tan Dung had decided to establish the Public-Private Partnership Steering Committee led by Deputy PM Hoang Trung Hai.
The Committee is responsible for assisting the Government and the Prime Minister in designing, implementing and evaluating the public-private partnership model in Viet Nam.
According to Deputy PM Hai, the key task of the Committee and relevant agencies is building institutions and management models that are in line with international practice and fit in Viet Nam’s economic and financial real situations.
To make it real, the Government adopted a mechanism on managing and implementing the project on building the Dau Giay – Phan Thiet Expressway, the first of its kind using the form of PPP.
The above project marks a milestone in preparation and establishment of international standard mechanism for the implementation of PPP model in a developing country.
PPP model is not a temporary solution as PM Nguyen Tan Dung had affirmed that the Government would facilitate all efficient investment models in an article in 2011.
This kind of model is especially meaningful in the context of economic hardship as it will help lessen burden on State budget for infrastructure.
However, it is not just the matter of State budget, PPP model would also help the country to gain skills, management experience, modern technologies and efficiency of the private sector.
Government’s recent moves showed that PPP model plays an important role in public investment restructuring – one of the three pillars of the country’s economic reform.
PPP model also reflects the change in approach to the role of the Government and in the relations between the State and the market.
In coming time, the Government will issue a specific decree on PPP in a bid to improve legal framework for this new field./.
By Hai Minh
Đăng ký: VietNam News
