Japan talks public-private partnership experiences

A seminar took place in Hanoi on August 20 to provide Vietnam with Japanese experiences in boosting public-private partnership (PPP) in infrastructure development.

The event, co-hosted by the Ministry of Planning and Investment and the Japan International Cooperation Agency (JICA), heard various reports on Japan’s experiences in financing PPP projects and applying this model to the development of the power industry.

Addressing the seminar, Deputy Minister of Planning and Investment Nguyen Bich Dat said Vietnam’s policy is to mobilise all resources from the non-state sector to contribute to developing infrastructure and other areas.

“We are well aware that poor infrastructure is not only a hindrance to national development but also a factor lowering the investment environment’s attraction and competitiveness,” Dat said.

The deputy minister also spoke highly of Japan’s reports and described them as useful experiences and important suggestions for Vietnam during its process of designing policies on applying the PPP model in the country.

VNA

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