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Japanese firms interested in PPP projects

Update: July, 17/2014 - 08:53

HA NOI  (VNS) — Public-Private Partnership (PPP) investments in Viet Nam, were discussed by the Ministry of Planning and Investment and the Japan Bank for International Co-operation, in Ha Noi yesterday.

According to Deputy Minister Dao Quang Thu, there was great potential for trade co-operation and investment between the two countries, as Japan is now one of Viet Nam's leading trade and investment partners.

The ministry was striving to complete the building of a PPP decree, expected to be issued next month, with a hope of further promoting the country's economic growth through bringing in investment from private domestic and foreign sectors, he revealed.

JBIC Governor Hiroshi Watanabe stressed that Japanese enterprises had pinned their faith in the country's future economic development prospects and are seeking opportunities to implement their investment projects in the country, including those in the PPP form.

Watanabe asserted that JBIC had the experience in financing PPP projects in many countries, and was willing to share them with Viet Nam, to help the country hasten policymaking and implementation of projects of this kind.

He also suggested that the Vietnamese government create the best possible conditions for Japanese firms, particularly simplifying administrative procedures and regulations to facilitate their investment in the country.

Once issued, the decree, comprising 12 chapters with 82 articles, is expected to help attract more capital from private investors into Viet Nam, especially from those abroad. — VNS

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