PPP Dialogue - Cooperation, Innovation, Efficiency

PPP: Promoting cooperation and mobilizing new resources

Accordingly, in order to promote the effective implementation of current legal regulations on PPP, mobilize resources for infrastructure, economic and social development, especially in the fields of science and technology, innovation and digital transformation, the Ministry of Finance coordinated with ADB to organize the program "PPP Dialogue - Cooperation, innovation, efficiency".

In his opening speech, Mr. Tran Quoc Phuong, Deputy Minister of Finance, said that in the context of Vietnam aiming for rapid, sustainable growth and enhancing national competitiveness, the need to develop a modern infrastructure system is huge. Current public resources can only meet a part of the demand; therefore, mobilizing the private sector is extremely necessary and brings about clear results.

Over the years, the policy framework on PPP has been continuously improved. The amendments to the PPP Law and related decrees have maximized the investment areas under the PPP method, increased flexibility in financial mechanisms and risk sharing mechanisms, while shortening the process and creating more favorable conditions for investors.

*Mr. Tran Quoc Phuong, Deputy Minister of Finance. Photo: Thanh Tuan*

“ It can be said that after a period of efforts to perfect the legal framework, Vietnam is ready to enter a period of strongly promoting the implementation of highly spillover PPP projects ,” the Deputy Minister of Finance emphasized.

According to Mr. Tran Quoc Phuong, this year's dialogue is organized to discuss priority areas, reflecting practical needs and cooperation trends between the State, development partners, and enterprises, focusing on the following three groups of contents:

First, the transport sector. This is the pillar of the PPP program, with very high capital demand and strong ability to attract investors. From highways, seaports, airports to inter-regional connectivity infrastructure, the implementation of PPP in the transport sector will help accelerate the progress of key projects, reasonably share risks between the State and enterprises, improve management and operation efficiency according to international standards; at the same time, create a strong spillover force for economic growth and regional development.

Second, the urban transport sector integrates urban development according to the public transport-oriented urban development (TOD) model.

According to Deputy Minister Tran Quoc Phuong, currently, large cities in Vietnam are facing urgent needs in improving infrastructure, developing metro lines, public transport systems, and smart urban connectivity models.

“ This is an important area that requires research and development of sustainable solutions to implement large-scale urban infrastructure projects, while also having a mechanism to mobilize capital through exploiting land funds and added value from urban development, ” said the Deputy Minister of Finance.

Third, the field of innovation, digital transformation and social infrastructure. In Vietnam's development vision, innovation has been identified as a strategic pillar in the spirit of Resolution No. 57.

“ This is a new field but has great potential for breakthroughs, with models such as digital infrastructure serving national governance, public services, and tripartite cooperation between the State, businesses, and universities. In the coming time, Vietnam hopes to promote innovative PPP models that are in line with the development trend of the digital economy ,” Deputy Minister Tran Quoc Phuong believes.

In addition, the Deputy Minister of Finance believes that the contents discussed at the dialogue will contribute significantly to realizing the legal framework on PPP, ensuring the implementation of projects in a practical and effective manner, meeting the requirements of mobilizing all resources for development in the era of national development.

ADB and Australia appreciate Vietnam's PPP process

Also at the event, Mr. Shantanu Chakraborty, Country Director, ADB in Vietnam, said that over the past 10-15 years, Vietnam has made remarkable progress in building the legal and institutional foundation for PPP. The first steps have opened the door for structured participation of the private sector in infrastructure development. This was followed by relevant decrees to address challenges in project preparation, risk sharing mechanisms and investor selection.

*Mr. Shantanu Chakraborty, Country Director, ADB in Vietnam. Photo: Thanh Tuan*

“ In particular, the PPP Law has consolidated all previous legal documents into a unified legal framework. The recent amendments in 2024 and 2025 continue to demonstrate the Vietnamese Government ’s determination to perfect the system, while reflecting practical implementation experience, ” said Mr. Shantanu Chakraborty.

According to the ADB representative, this has been a long journey and has created a foundation for Vietnam to implement PPP in a more strategic and consistent direction. However, we still have a lot of work to do to have more projects that are truly feasible, bankable and attract private resources. We look forward to seeing more viable projects brought to market.

“ We are also impressed by the pace of reform in Vietnam. The newly issued Resolution 68 provides a strong impetus to develop the private sector, which is considered one of the important pillars of Vietnam’s growth. In ADB’s view, only when we have a strong foundation can the private sector contribute on a larger scale. Together with the recent focus on infrastructure investment and mega projects, all these factors can only bear fruit when effective PPP standards and mechanisms are in place, ” Mr. Shantanu Chakraborty emphasized.

*PPP Dialogue - Cooperation, innovation, efficiency. Photo: Thanh Tuan*

At the event, Ms. Gillian Bird, Ambassador Extraordinary and Plenipotentiary of Australia to Vietnam also shared about PPP for Vietnam. According to Ms. Gillian Bird, the PPP partnership with ADB demonstrates Australia's commitment to supporting Vietnam's economic resilience and promoting sustainable growth.

Today’s PPP Dialogue also reflects Australia’s commitment to Australia’s Southeast Asia Economic Strategy 2040, which includes promoting two-way trade and investment, a key priority for the Australian Government.

*Ms. Gillian Bird, Australian Ambassador Extraordinary and Plenipotentiary to Vietnam. Photo: Thanh Tuan*

“ Australia recognises the important role of PPPs in delivering high-quality infrastructure and services, which are fundamental to sustainable economic growth. PPPs can combine the strengths of Government, development partners and the private sector to mobilize resources, share risks and deliver more effective outcomes for the community. PPPs can play an important role in supporting Vietnam’s growth objectives, promoting digital transformation and opening up new investment opportunities, ” said the Australian Ambassador.

According to Ms. Gillian Bird, today's event is an important opportunity to discuss the PPP framework in Vietnam, learn from international experiences and discuss practical solutions to build a portfolio of viable, bankable PPP projects. Australia welcomes the focus of discussion on the areas of transport, smart cities, public transport, digital transformation and social infrastructure, which are key factors in enhancing Vietnam's competitiveness and resilience in the future.

The PPP dialogue demonstrates Vietnam's strong determination to perfect the legal framework, expand cooperation and mobilize private resources for infrastructure development, smart cities, digital transformation and innovation.

Source: https://congthuong.vn/doi-thoai-ppp-hop-tac-doi-moi-hieu-qua-431988.html