Japan’s Aichi to assist Ho Chi Minh City in PPP projects

Tuoi Tre News

Updated : 04/12/2017 16:07 GMT + 7

The Governor of Japan’s Aichi Prefecture Hideaki Ohmura has promised to support Ho Chi Minh City on PPP (Public-private partnership) projects, and thereby contribute to bilateral cooperation between the administrations.

Secretary of the Ho Chi Minh City Party Committee Dinh La Thang joined talks with Governor Ohmura in Nagoya City, Aichi on Tuesday evening, as part of his ongoing visit to Japan.

The meeting was also attended by Le Thanh Liem, vice-chairman of the municipal People’s Committee and a delegation of high-ranking officials from Ho Chi Minh City.

During their conversation, Secretary Thang expressed his admiration for Aichi’s policies to attract investment in the form of PPP agreements, hoping that his city could learn from the experience.

Leaders of the two localities greet each other during the meeting. Photo: Tuoi Tre

A public-private partnership is a government service or private business venture funded and operated through a partnership of government and one or more private sector companies.

PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes financial, technical and operational risk in the project.

Replying to his guest, the Japanese governor stated that Aichi was willing to assist Ho Chi Minh City in the application of its PPP model.

About 18,000 Vietnamese are working and studying in Aichi, he continued, adding that some 50 businesses from the Japanese Prefecture are operating in Ho Chi Minh City.

Secretary Dinh La Thang (L) talks with local businesses and investors. Photo: Tuoi Tre

Cooperation in PPP projects will help strengthen the two administrations ties, which was established in September last year, Ohmura said.

Meanwhile, Ho Chi Minh City will continue to provide favorable conditions for enterprises from Aichi and Japan in general to invest in the city, Secretary Thang promised.

With hundreds of universities, Thang said he was sure that Ho Chi Minh City had sufficient human resource to enhance its cooperation with Aichi.

Aside from meeting with the governor, the visiting delegation also met with leaders of local business and the Vietnamese community in Aichi.

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