Fri. Apr 19th, 2024

The Japan Bank for International Cooperation (JBIC) will help its
country’s private enterprises invest in Vietnam , especially in
Public–Private Partnership (PPP) infrastructure projects, to meet the
growing demand of infrastructure development in Vietnam .

The bank’s CEO, Executive Managing Director Hiroshi Wantanabe, made
the statement at a senior dialogue, the first of its kind, held in
Hanoi on March 21, which he co-chaired with Minister of Planning and
Investment Bui Quang Vinh.

The director stressed
that his bank will do its utmost to address the current difficulties
that mostly originate from the legal framework, to PPP projects.

Minister Vinh spoke highly of Japan ’s assistance, as Vietnam ’s
biggest ODA provider Japan has funded PPP infrastructure projects in
Vietnam . Vinh also valued the bank’s participation in the host
country’s socio-economic development.

To further
boost the PPP model in the coming time, Vietnam is perfecting its
legal supporting policies to facilitate the implementation of PPP
projects, Vinh added.

Participants from both sides shared the view that managing PPP projects in a sustainable manner is important.

On this occasion, the two sides inked a Memorandum of Understanding on the facilitation of PPP projects in Vietnam.-VNA

By vivian