Renowned Harvard Professor Shares International Best Practices on Public-Private Partnerships (PPPs)

Friday, January 3, 2020

Vietnam is finalizing its first ever Public-Private Partnership (PPP) Law, which aims to tackle the country's current budget constraints by securing private capital from PPPs to meet its sustainable infrastructure needs. USAID has been providing Vietnam’s National Assembly (NA) as well as the Ministry of Planning and Investment (MPI) with technical drafting support, private sector input, and research and analysis on some critical topics to draft the law. To ensure that the draft PPP Law is rooted in international best practice, USAID invited Professor Akash Deep, a global authority on PPPs and faculty chair of the Infrastructure in a Market Economy Executive Program at Harvard University, to Vietnam from December 17-20. Professor Deep had meetings and discussions with Vietnam’s senior leadership, including NA Vice Chairman Phung Quoc Hien, Chairman of the Communist Party’s Central Economic Committee Nguyen Van Binh and MPI Minister Nguyen Chi Dung, to share his international experience on PPPs and discussed fundamental factors of a robust PPP mechanism. Additionally, he advised the PPP Law drafting team on how to more closely align the draft Law with international standards.

So what? The input and advice from the Harvard Professor will help Vietnam incorporate international best practices into its first PPP law to facilitate greater private engagement in public infrastructure development. This will help Vietnam improve its business enabling environment, raise the country’s competitiveness, and accelerate Vietnam’s Journey to Self-Reliance.

Last updated: February 21, 2020

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