Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam
The demand for diversification of funding sources and promotion of private sector participation in infrastructure development is a necessity in Vietnam. Through the public-private partnership (PPP) model, approximately $30 billion has been mobilized for traffic infrastructure development. However, t...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2025-08-01
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| Series: | Frontiers in Built Environment |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fbuil.2025.1644333/full |
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| author | Nguyen Hong Thai Tran Quang Phu Huynh Thi Yen Thao |
| author_facet | Nguyen Hong Thai Tran Quang Phu Huynh Thi Yen Thao |
| author_sort | Nguyen Hong Thai |
| collection | DOAJ |
| description | The demand for diversification of funding sources and promotion of private sector participation in infrastructure development is a necessity in Vietnam. Through the public-private partnership (PPP) model, approximately $30 billion has been mobilized for traffic infrastructure development. However, there are still many shortcomings, and growth has shown signs of stagnation. Many factors contribute to this situation, but one of the fundamental reasons is that the management policies and implementation of PPP projects in Vietnam have significant drawbacks. Based on the research results from both domestic and international sources, as well as practical experience, 20 factors relating to the role of the government in attracting infrastructure development investment projects in Vietnam were identified. Then, these factors can be categorized into five groups through factor analysis, as follows: (1) Establishing a suitable legal/regulatory framework, (2) Creating a favorable investment economic environment, (3) Establishing a coordinating and supporting agency, (4) Selecting appropriate franchise partners, (5) Actively participating in various stages of the project life cycle. Accurately assessing the current situation to develop solutions to resolve practical obstacles will be an important basis for mobilizing investment capital for traffic infrastructure development in Vietnam today. |
| format | Article |
| id | doaj-art-b41b7c2519f14c89a7c7c4e932297f6e |
| institution | Kabale University |
| issn | 2297-3362 |
| language | English |
| publishDate | 2025-08-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Built Environment |
| spelling | doaj-art-b41b7c2519f14c89a7c7c4e932297f6e2025-08-26T05:28:10ZengFrontiers Media S.A.Frontiers in Built Environment2297-33622025-08-011110.3389/fbuil.2025.16443331644333Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in VietnamNguyen Hong Thai0Tran Quang Phu1Huynh Thi Yen Thao2Falcuty of Transport Economic, University of Transport and Communications, Hanoi, VietnamInstitute of Transport Economics and Development, University of Transport Hochiminh City, Hochiminh, VietnamInstitute of Transport Economics and Development, University of Transport Hochiminh City, Hochiminh, VietnamThe demand for diversification of funding sources and promotion of private sector participation in infrastructure development is a necessity in Vietnam. Through the public-private partnership (PPP) model, approximately $30 billion has been mobilized for traffic infrastructure development. However, there are still many shortcomings, and growth has shown signs of stagnation. Many factors contribute to this situation, but one of the fundamental reasons is that the management policies and implementation of PPP projects in Vietnam have significant drawbacks. Based on the research results from both domestic and international sources, as well as practical experience, 20 factors relating to the role of the government in attracting infrastructure development investment projects in Vietnam were identified. Then, these factors can be categorized into five groups through factor analysis, as follows: (1) Establishing a suitable legal/regulatory framework, (2) Creating a favorable investment economic environment, (3) Establishing a coordinating and supporting agency, (4) Selecting appropriate franchise partners, (5) Actively participating in various stages of the project life cycle. Accurately assessing the current situation to develop solutions to resolve practical obstacles will be an important basis for mobilizing investment capital for traffic infrastructure development in Vietnam today.https://www.frontiersin.org/articles/10.3389/fbuil.2025.1644333/fullpublic-private Partnershipinfrastructure projectroles of governmentlegal and regulatory frameworkgovernment capacity and commitment |
| spellingShingle | Nguyen Hong Thai Tran Quang Phu Huynh Thi Yen Thao Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam Frontiers in Built Environment public-private Partnership infrastructure project roles of government legal and regulatory framework government capacity and commitment |
| title | Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam |
| title_full | Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam |
| title_fullStr | Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam |
| title_full_unstemmed | Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam |
| title_short | Assessing governmental roles in the success of infrastructure projetcs implemented through public-private partnership in Vietnam |
| title_sort | assessing governmental roles in the success of infrastructure projetcs implemented through public private partnership in vietnam |
| topic | public-private Partnership infrastructure project roles of government legal and regulatory framework government capacity and commitment |
| url | https://www.frontiersin.org/articles/10.3389/fbuil.2025.1644333/full |
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