Vietnam ’s key partner in the Public Private Partnership (PPP) sector as
there is now a great emphasis on PPP from both Government and the
public sector in Vietnam.
Kate Harrison, Deputy
Head of Mission , British Embassy, said at a workshop in Hanoi on
October 11 that the UK could share its experience with Vietnam at a
time when the latter is looking at new ways of finding finance for
crucial infrastructure projects.
“PPP has been a
cornerstone of the modernisation of public service delivery in the UK
with more than 900 projects, involving private finance of around 100
billion USD approved in the UK in the last 12 years”, the British
diplomat said as an illustration of UK experience in this field.
Vice Minister of Planning and Investment Dang Huy Dong shared his
view, emphasising that the PPP would certainly bring great benefits for
infrastructure development in Vietnam .
He said the
legal framework of the PPP model had been submitted to the Prime
Minister for approval and a number of pilot projects in infrastructure
development were underway.
British businesses’
executives shared experiences in making the legal framework of the PPP
model, plus how to establish infrastructure PPP projects in an emerging
market, how to avoid disputes and how to enhance transport development
through PPP.
Prince Andrew, The Duke of York and the
UK Special Representative for International Trade and Investment,
appreciated bilateral relations between the UK and Vietnam .
“Two key areas of this relationship cover trade and development: both
are essential elements for a country’s wellbeing; and as part of that
relationship we see the concept of PPP as being a key ingredient to
deliver the necessary infrastructure which will bring increased trade
and investment”, said the Duke of York./.
