Improving Private Sector Participation in Vietnam

Between 1990 and 2015, private sector investments in infrastructure in Vietnam totaled US$11.3 billion, with 81 projects reaching financial closure. According to the World Bank Group’s report, Benchmarking Public-Private Partnerships Procurement 2017, Vietnam scored above the averages of East Asia Pacific countries in the stages of public-private partnership (PPP) projects: preparation, procurement, and contract management. From 2003 to 2014, the Public-Private Infrastructure Advisory Facility (PPIAF) provided technical assistance to the Vietnamese government through a diverse range of activities, including initiatives supporting the legal and regulatory environment for PPPs and sector-specific assistance for transport PPPs. Overall interventions totaled US$2.34 million.