Measures sought to support private investment in infrastructure and public services | Business

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Stronger engagement of ministries, sectors and localities and more comprehensive relevant policies are needed to strengthen private investment in infrastructure and public services. (Illustration photo: VNA)

Hanoi (VNA) – Stronger engagement of ministries, sectors and localities and more comprehensive relevant policies are needed to support private investment in infrastructure and public services, said Tran Hao Hung, director of the ministry’s Public Procurement Agency. of Planning and Investment (MPI).

Although a legal framework on investment in the form of a public-private partnership (PPP) was basically put in place, there were still limits to attracting investment in road transport infrastructure for projects and mobilization. of lending is one of the biggest challenges, as well as bottlenecks in relevant policies regarding tax, land, state budget and the management and use of public assets, among others, did he declare.

Project preparations take time as a long period is needed for financial feasibility studies and efficient distribution of state resources, said Hung.

Relevant policies in the coming times must be adapted to the objectives and characteristics of PPP projects in specific areas to attract the private sector, as well as an attractive investment climate, a stable macro-economy, a better credit rating sovereign and better quality planning, and more, according to the official.

Special attention needs to be paid to investment promotion among domestic and foreign investors and solutions are needed to access sources of capital with low interest rates and long maturity.

Authorized agencies are encouraged to work closely with investors to resolve bottlenecks, in order to build their confidence when participating in new projects./.

VNA


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