Southeast Asia Information Port (www.dnyxxg.com) – To create a dialogue platform for national management agencies, development partners, and private investors to exchange practical experiences, the Vietnamese Ministry of Finance, in conjunction with the Asian Development Bank and the Australian Embassy in Vietnam, hosted a high-level dialogue on Public-Private Partnerships (PPP) entitled "Cooperation, Innovation, Efficiency" on November 25.
This year's PPP high-level dialogue aimed to discuss priority areas, reflecting the real needs and cooperation trends among the country, development partners, and enterprises.
In his opening remarks, Deputy Minister of Finance Tran Quoc Phuong stated that the PPP policy framework has been continuously improved in recent years. Revisions to the PPP Law and related decrees have maximized the scope of PPP investment, enhanced the flexibility of fiscal mechanisms and risk-sharing, and simplified approval processes, creating more convenient conditions for investors.
Shantanu Chakraborty, Asian Development Bank Country Representative in Vietnam, stated that Vietnam has made significant progress in building the legal and institutional foundation for PPP over the past 15 years.
Shanthanu Chakraborty, Asian Development Bank Country Representative in Vietnam, emphasized that Vietnam is entering a crucial phase of perfecting its public-private partnership (PPP) framework. He pointed out that Vietnam's rapid pace of reform in recent years, especially after the enactment of Resolution 68, has laid the foundation for vigorously promoting the private sector—a pillar of national growth for decades to come.
The 2025 dialogue will focus on three priority areas. The first is the key pillar with the greatest capital demand—transportation infrastructure, including highways, seaports, airports, and inter-regional routes. The second is urban transportation related to Transit-Oriented Development (TOD). The third is innovation, digital transformation, and social infrastructure.
Chakraborty stated that Vietnam is working to improve its institutional framework, and the government is prepared to open up new avenues for private sector participation in infrastructure development. However, for the private sector to truly play its role in developing the private economy as outlined in Resolution 68, Vietnam needs a robust, transparent, and efficient PPP framework.
Chakraborty stressed that with Vietnam setting goals of achieving double-digit growth by 2030 and becoming a high-income country by 2045, the country will face numerous challenges, including funding, project scale, and access to international financial markets. The need for funding is enormous, not only for developing economic infrastructure but also for achieving sustainable development goals and addressing climate change. To succeed, Vietnam needs to effectively develop various funding sources and leverage the attention and participation of the domestic and international private sector.
“In Vietnam’s development process, the PPP model will play an increasingly important role in providing modern, sustainable, and affordable infrastructure. To achieve this goal, Vietnam needs strong leadership guidance, a robust institutional framework, high-quality project preparation capabilities, and reliable partners,” Chakraborty pointed out. He noted that international resources—from development banks and economic partners to financial investors—are always ready to work with Vietnam, provided that projects are well-designed, meet standards, and are highly feasible; he also pledged to continue providing long-term support to Vietnam in building a transparent, efficient, and innovative PPP ecosystem to maximize resource mobilization for the country’s accelerated development phase. Deputy Minister of Finance Tran Quoc Phuong emphasized that the Ministry of Finance hopes that the exchanges in this dialogue will help implement the PPP legal framework, promote the practical and efficient implementation of projects, and meet the resource requirements of the new stage of development. (End)
