Public-Private
Partnership: Urgent demand for a complete law
Resolution No. 13-NQ/TW of the 4th
Conference of Communist Party Central Committee – Legislation XI sets out the guidelines for
constructing synchronous transportation infrastructure structure system in
order to basically put Vietnam into a modernization oriented industrialized
country in 2020. However, the investment capital for the core issue is really a
difficult problem. Whether Public-Private Partnership (PPP) Model is a “magic
wand” to solve this problem? On 17 July 2012, in Ho Chi Minh city, Ho Chi Minh
City Institute for Development Studies held a seminar on “Implementation of PPP
Projects - Experience and Proposals” in order to raise and analyze some
obstacles from the practical implementation of
PPP nature projects before and after Decision 71/2010/QD-TTg; as well as
discuss and propose remedial solutions. The seminar also aimed to bring proper
awareness of PPP projects, continuing improving legal institution to make the
parties, especially private investors feel secure to participate.
Lawyer Nguyen Hung Quang said that currently, due to the
inconsistency in the “concept”, inadequate legal corridor, legal policy has
created the “application-approval” mechanism in projects and public-private
partnership. Private investors cannot be equal to the State in contracts, supporting
mechanisms or the form and preferential level based on law. Transportation
Newspaper had an article on this seminar dated 18 July 2012.
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