Around 50 delegates representing for foreign investors, financial organisations and consultation companies in Singapore on March 25 participated in a workshop on the revision of Vietnam’s decision on regulations on the pilot public-private partnership (PPP).

Speaking at the event, Deputy Minister of Planning and Investment (MPI) Dao Quang Thu highly valued foreign delegates’ comments.

Thu said that from now to 2020, Vietnam needs an investment capital of about 30-40 billion USD each year to develop essential infrastructure system, including transport, electricity and water supply. Meanwhile, the mobilisation capacity of tradition investment channels meets only around 50-60 percent of the demand.

With the wish to strengthen the participation of domestic and foreign private economic areas in Vietnam ’s infrastructure development, the country attaches great importance to cooperation forms between the State and private sectors, he added.

Thu also stressed that Vietnam is preparing all necessary conditions to implement the PPP scheme, in which completing a legal framework on PPP is extremely important.

Le Van Tang, head of the Bidding Management Department under the MPI, said that according to the draft revision of the decision, State capital in PPP projects can be up to 49 percent of the total investment capital while investors can enjoy more preferences. Priority areas for PPP schemes will be expanded to include information technology, agricultural infrastructure, education and government office buildings.

MPI leaders also pledged to complete the draft revisions on the decision in the first half of this year as scheduled to establish a more suitable legal framework on PPP and turn it into an attractive sector for foreign private areas.