The project aimed to enhance public private partnerships to generate public infrastructure investment needed to accelerate Viet NAm's economic growth. The outcome will be an improved enabling environment to catalyze PPPs and infrastructure investments. The project will provide rapid and responsive assistance to the GOV in moving forward expeditiously with its PPP piloting program and provide analytical inputs to ADB's proposed program cluster loan to the GOV: the Viet Nam Public-Private Partnership Support Program (3PSP)
|Project Name||Support for Public-Private Partnership (PPP) in Viet Nam|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Gender Equity and Mainstreaming
Private sector development
|Sector / Subsector||
Public sector management / Public administration
|Gender Equity and Mainstreaming||Some gender elements|
|Description||The project aimed to enhance public private partnerships to generate public infrastructure investment needed to accelerate Viet NAm's economic growth. The outcome will be an improved enabling environment to catalyze PPPs and infrastructure investments. The project will provide rapid and responsive assistance to the GOV in moving forward expeditiously with its PPP piloting program and provide analytical inputs to ADB's proposed program cluster loan to the GOV: the Viet Nam Public-Private Partnership Support Program (3PSP)|
|Project Rationale and Linkage to Country/Regional Strategy||
Viet Nam faces substantial challenges in providing new and improved infrastructure for its growing economy. Industrialization and urbanization rates are high even by Asian standards, which are driving intense demands for new and improved infrastructure and related services. The unmet demand has serious consequences for the country's competitiveness and in ensuring economic growth, reducing poverty, and in meeting Millennium Development Goal (MDG) targets. Deficient infrastructure is consistently cited as a principal constraint to private investment and productivity growth in Viet Nam.
Government investment programs for infrastructure are articulated in long-term investment plans. The total investment requirement for infrastructure is estimated to be in the range of $150-160 billion over the next 10 years. Infrastructure investment is state-led and its contribution as a percentage of GDP (approximately 10% per annum) is relatively high by international standards. Investment in infrastructure has been sourced primarily through state-owned enterprises (SOEs), but which have been constrained by the stage of development of the primarily state-owned banking sector.
For an economy the size of Viet Nam and with its increasing openness to private sector participation, private investment in infrastructure has been very limited, which is attributed to, among others, lengthy Government approval procedures, less-than-competitive bidding processes, unpredictable/lengthy negotiation processes and lack of clarity regarding Government support to the private sector. To date, there are limited major public investments involving foreign investors and far more limited cases of PPPs with foreign investors. The Government currently lacks a credible PPP project pipeline. The private sector sees the GOV as "stop and go" when it comes to PPP policies and actions.
The GOV is now developing an improved enabling framework for PPP in Viet Nam and is taking steps to address existing legal, regulatory, institutional and financial constraints.
|Impact||The impact of the project will be increased PPP to generate public infrastructure investments needed to accelerate Viet Nam's economic growth.|
|Description of Outcome||The outcome will be an improved enabling environment to catalyse PPPs and infrastructure investments|
|Progress Toward Outcome|
|Description of Project Outputs||
1. Legal and regulatory framework enhanced
2. PPP process institutionalized
3. Bankable infrastructure PPP projects developed
4. Awareness of importance of PPP by GOV and the general public is increased
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
Consulting services will include national and international consultants (all individuals), along with qualifications and requirements, as follows:
1. Institutional Policy Expert, international (2 person-months), national (2 person-months):
- At least 10 years of experience in PPP policy
- Ability to develop an enabling environment and PPP project development processes.
- Experience in developing PPP manuals
- Knowledge base in all aspects of the PPP project development cycle including financial and legal assessment, statutory project assessment, project management, stakeholder consultation, risk assessment and output specification, payment mechanisms, and contractual issues.
2. Legal and Regulatory Expert, international (2.5 person months), national (2.5 person-months):
- Provide inputs for developing the implementing guidelines and circulars for implementing the regulatory framework for PPPs in Viet Nam.
- At least 10 years of international experience in infrastructure regulation in both developing and developed markets.
- Strong credentials in regulatory economics with regard to the interface between regulatory and commercial interests.
3. Project Development Expert (international, 1.5 person-months; national, 1.5 person-months):
- At least 10 years of international experience in advising on setting up a project development facility, including institutional structure, operating mechanisms, and funding requirements.
- Worked in a variety of regions and developed a knowledge base in institutional development with reference to PPP project development and structuring.
|Responsible ADB Officer||Montelibano, Michael C.|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Division||Viet Nam Resident Mission|
|Concept Clearance||30 Jan 2011|
|Fact Finding||30 Jan 2011 to 12 Feb 2011|
|Approval||07 Dec 2010|
|Last Review Mission||-|
|Last PDS Update||01 Mar 2011|
|Approval||Signing Date||Effectivity Date||Closing|
|07 Dec 2010||-||07 Dec 2010||31 Jul 2011||31 Jul 2012||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|225,000.00||0.00||50,000.00||0.00||0.00||0.00||275,000.00||07 Dec 2010||208,061.35|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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|Title||Document Type||Document Date|
|Hỗ trợ Quan hệ Đối tác Công - Tư (PPP) tại Việt Nam : Bảng Dữ liệu Dự án||Translated PDS||Feb 2014|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
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