Creating favorable conditions to attract PPP investments

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Illustrated photo

The result pointed out that the investment in the form of Build – Operate – Transfer (BOT) in Vietnam has deployed since 20 years ago (Decree No. 77/CP dated June 18th, 1997) and has amended and supplemented many time in accordance with the international practices on investment in the form of PPP

However, the deployment of PPP projects met some obstacles such as: Affected by many inter-laws; the ambiguity between PPP and the concept of "socialization" of investment; the inconsistency of some provisions of Decree No. 15/2015 / ND-CP and Decree No. 30/2015 / ND-CP; the difficulties in investment capital; especially restrictions on capacity, finance and experience of some investors.

Therefore, in the coming time, it is necessary to focus on studying and revising laws and policies to create favorable conditions for investment attraction; agreeing on mobilizing resources in general to develop the socio-economic infrastructure of the country. From the shortcomings in the practice, ministries, sectors and localities need to seriously rectify, put the interests of the state and community at the top and prevent the group interests, corruption and negative acts.

Regarding the orientation to amend Decree No. 15/2015 / ND-CP and Decree No. 30/2015 / ND-CP, the Deputy Prime Minister assigned the Ministry of Planning and Investment to quickly consult ministries, sectors and localities and members of the Steering Committee to finalize the draft revision of these two decrees and submit them to the Ministry of Justice for appraisal for submission to the Government in August, 2017.

In which, paying attention to the management according to approaching the outputs. Competent State authorities announced the need for public works and services so that investors can access information equally. Investors balance their resources (including owner’s equity, creditworthiness, market interest rates, acceptable returns, and risks and foreseen risks to decide to participate in the bid.

Project investors or businesses are permitted to collect charges and fees based on the quality of services provided; take responsibility for the quality of works and services associated with their interests in the process of exploiting and operating the projects.

Strengthening decentralization; raising responsibility of competent state authorities in the project implementation, from deciding the investment, balancing resources, evaluating projects, selecting contractors and monitoring the organization and implementation and operation of the works in accordance with the provisions of the project contract and the law.

Ministries, sectors and localities should prioritize to spend the budget resources to support projects that are able to attract PPP investment; shall consider public investments after not selecting investors from the bid; and research to reduce the bid duration while ensuring the publicity, transparency and efficiency.

Deputy Prime Minister assigned the Ministry of Planning and Investment to host and coordinate with ministries, sectors and localities to enhance the support and preparation for priority projects from the Project Development Fund (PDF).

On the basis of the intended medium-term public investment plan and other resources, ministries, sectors and provincial people’s committees continue to review the priority order to announce the list of PPP projects as basis for calling investment and actively research solution to attract investments on the principles of market, publicity, transparency.

Deputy Prime Minister assigned the State Bank to host and cooperate with the Ministry of Planning and Investment and the Ministry of Finance to evaluating the need for credit capital for PPP projects in the coming period and proposal feasible solutions to allocate capital.

The Ministry of Finance chairs and collaborates with the Ministry of Planning and Investment, State Bank and Ministry of Transportation to research the guarantee mechanisms to apply for some important traffic PPP projects; draft the mechanisms on using the State budget capital for PPP projects and report to the Prime Minister in October, 2017.

The Ministry of Planning and Investment guides ministries, sectors and localities to post information on the the electronic Government procurement system and PPP website to disseminate the PPP.

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Any obstacles and proposals during the implementation, the ministries, sectors and localities must submit to the Ministry of Planning and Investment to summarize and promptly report to the Steering Committee for consideration and settlement.