|Minister of Planning and Investment Nguyen Chi Dung presents the report on the draft law on Public-Private Partnership (PPP) at the National Assembly's Standing Committee meeting yesterday. VNA/VNS Van Diep|
HÀ NỘI — The draft law on public-private-partnership (PPP) projects, composed by the Ministry of Planning and Investment
The draft proposes PPP projects be unavailable in sectors that have so far seen no PPP projects, those with ineffective PPP projects, or those lacking appeal to investors, and others where other kinds of investment would be more fitting.
Under the draft, tourism; culture and sports; telecommunications infrastructure; infrastructure
There are also changes in the draft law regarding Government guarantees and risk-sharing. Specifically, the draft proposes Government guarantees of foreign exchange balance for PPP projects be determined by the NA and the Prime Minister, with a maximum of 30
The risk-sharing mechanism for revenue
Minister of Planning and Investment Nguyễn Chí Dũng said implementation of PPP projects in the past showed the investment in this model of PPP in Việt Nam still had many risks.
Among them, there are market risks, but there are also many risks stemming from the Government's decisions, such as decisions to abandon fee collection tools or to waive road fee
The Minister of Planning and Investment said a risk-sharing mechanism is necessary.
According to Dũng, the draft law's revenue risk-sharing mechanism lets investors share a part of the risk when a project has a revenue deficit.
Specifically, the Government would have to commit to sharing with investors not
Head of the NA Judiciary Committee Lê Thị Nga said the proposal was not rational.
When the Government signs a contract with investors, it should ensure the contract is
For instance, when building a build-operate-transfer toll booth, the Government and the investor should make sure the location is rational. It would not be right if the toll booth
“We are an agricultural country, but for farmers, do we have a policy to share
Việt Nam has so far attracted 336 PPP projects in transport, technical infrastructure, energy, water supply and drainage, environment, culture, sports AND education and training, among other fields.
The NA Standing Committee later the same day agreed with the addition of the Irish government’s non-refundable aid worth VNĐ77.49 billion (US$3.36 million) into the State budget estimate for this year.
The sum will be used for communes in especially disadvantaged circumstances under Programme 135.
Minister of Planning and Investment Nguyễn Chí Dũng said the aid will be given to the provinces of Hà Giang with VNĐ18 billion, Hoà Bình VNĐ20.9 billion, Quảng Trị VNĐ9.49 billion, Kon Tum VNĐ19.2 billion, and Trà Vinh VNĐ9.9 billion.
Under the agreement, the Irish government pledged to offer no more than 12 million EUR ($13.2 million) in non-refundable aid to a project on supporting communes in especially difficult situations under Programme 135 during fiscal years from 2017 to 2020.
Last year, the five provinces were assigned to disburse upwards of VNĐ79.8 billion for the project. — VNS