Investment project contract under the partnership method public-private - Current situation in Vietnam and international experience

Abstract

Public-private partnership (PPP) is a form of investment based on a contract between a competent state agency and an investor or project enterprise to implement, manage, and operate infrastructure projects and provide public services. In the PPP model, establishing a partnership typically uses a contract whereby the parties agree to share responsibilities related to implementing and managing infrastructure projects. Therefore, the PPP sector's legal framework could be more stable, causing disadvantages for the state, investors, and project enterprises when implementing PPP projects. As a result, the PPP project implementation process faces many difficulties and needs to be improved. Therefore, the approach of this article is to review and evaluate the current status of Vietnamese law on PPP based on legal experience and practice in implementing PPP project contracts in Vietnam as well as other countries. From there, develop several appropriate legal policy recommendations to improve Vietnamese law on PPP contracts.