Public-Private-Partnership formula fails to lure investors

The Public-Private-Partnership formula has failed to attract investors for infrastructure projects because of a lack of a properly organized working framework, said delegates at a forum hosted in Ho Chi Minh City recently.

Phu My Bridge connecting District 2 with District 7 in HCMC (Photo: SGGP)

Delegates proposed that the State should issue a clear legal operating framework to lure investors from the private sector for infrastructure development projects.

Dr. Tran Du Lich, deputy head of the HCMC National Assembly, said that a law was necessary to implement the Party’s policy.

Lawyer Nguyen Quang Hung said that the Public-Private-Partnership formula and matters related to public investment should be amended in the Investment Law.

Besides, Public-Private-Partnership projects should not only concentrate on infrastructure but also public services as well, to improve quality and effectiveness of related services, he said.

By Dinh Ly – Translated by Hai Mien

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