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A Development Process of PPP Scheme for Infrastructure Projects in Vietnam

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  • Mai, Nhat Chi

Abstract

The development process of the Vietnamese PPP scheme has a strong relationship with its transitional economy. Vietnam’s government drove the nation under a centrally-planned and subsidized regime through policies to collectivize agricultural and industrial production after unification in 1975. Over the following 10 years, the general public faced many difficulties such as a shortage of staple and consumer goods, industrial stagnation, and a mounting of foreign debts. In 1986, the “Doi moi/renovation” policy was introduced by the sixth Party Congress of Vietnam. One of the strategies of this policy was to allow private sector participation in the delivery of infrastructure under a PPP scheme, which materialized as the BOT Decree enacted in 1993. As in other countries where PPP was applied, the Vietnamese government had its own strategies and objectives concerning its PPP scheme and created its own PPP trajectory through more than twenty years of application.

Suggested Citation

  • Mai, Nhat Chi, 2016. "A Development Process of PPP Scheme for Infrastructure Projects in Vietnam," OSF Preprints g3e4u, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:g3e4u
    DOI: 10.31219/osf.io/g3e4u
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