##common.pageHeaderLogo.altText##
JOURNAL OF MATERIALS & CONSTRUCTION

ISSN: 2734-9438

Website: www.jomc.vn

Status of investment mobilization for road transport infrastructure via public-private partnerships (PPP)

Hoang Bao Phuc , Le Quoc Dat , Hoang Thi Nhung , Pham Thi Mai Linh , Chu Thuy Quynh , Hoang Thi Hang Nga

Abstract

In the context of international integration, road transport infrastructure plays a crucial role in connecting production, transportation, and the distribution of goods among localities, regions, and countries, thereby contributing to national development. Investment in road transport infrastructure is considered one of the top priorities in the process of industrialization and modernization, serving as a foundation for rapid, stable, and sustainable socio-economic development. Given the significant capital demand for transport infrastructure across Vietnam in general and in each locality in particular, mobilizing investment from alternative financial sources is essential to alleviate pressure on the state budget during the country’s socio-economic development. Attracting investment in road transport infrastructure through Public-Private Partnership (PPP) mechanisms has become a matter of great interest among regulatory authorities, investors, and enterprises.

References

  1. Government (2023), Resolution No. 90/NĐ-CP dated June 16, 2023, on the Government's Action Plan for the implementation of Resolution No. 81/2023/QH15 of the National Assembly on the National Master Plan for the period 2021-2030, with a vision towards 2050, and the Plan for the Implementation of the National Master Plan for the period 2021-2030, with a vision towards 2050.
  2. Government (2021), Decision No. 1454/QD-TTG dated September 1, 2021, approving the Road Network Planning for the period 2021-2030, with a vision towards 2050.
  3. National Assembly (2024), Road Traffic Law No. 35/2024/QH15 dated June 27, 2024.
  4. European Commission (EC) (2003), Guidelines for Successful Public-Private Partnership.
  5. ADB (2012), Assessment of Public – Private Partnerships in Viet Nam, Constraints and Opportunities.
  6. National Assembly (2020), Law on Investment in Public-Private Partnership (PPP) No. 64/2020/QH14 dated June 18, 2020.
  7. National Assembly (2024), Law Amending and Supplementing Several Articles of the Law on Planning, the Law on Investment, the Law on Investment in Public-Private Partnership (PPP), and the Law on Bidding No. 57/2024/QH15 dated November 29, 2024.
  8. Nguyen Tuan Thanh, Mobilizing Capital for Road Transport Infrastructure Development in Hanoi City, PhD Dissertation in Economics, 2023.
  9. Nguyen Thi Thuy Nga, Mobilizing Investment Capital for Road Transport Infrastructure Development in Hai Duong Province, PhD Dissertation in Economics, 2015.
  10. Ministry of Industry and Trade, Vietnam Logistics Report 2024, Industrial and Trade Publishing House, 2024.
  11. Government (2025), Decision No. 12/QD-TTg dated January 3, 2025 Approving the adjustment of the road network planning for the period 2021 - 2030, with a vision to 2050.
  12. Overcoming bottlenecks in the implementation of PPP projects, https://baodautu.vn/giai-toa-diem-nghen-trong-trien-khai-du-an-ppp-d232135.html
  13. Government (2021), Decree No. 28/2021/ND-CP dated March 26, 2021, on the Financial Mechanism for Public-Private Partnership (PPP) Investment Projects.
  14. Online: PRESS INFORMATION, Signing Ceremony of the Build-Operate-Transfer (BOT) Contract for the Dien Chau - Bai Vot section investment project under the Project to build some expressway sections on the North - South East route in the period 2017-2020, https://mt.gov.vn/matgt/tin-tuc/889/73239/thong-tin-bao-chi--le-ky-ket-hop-dong-xay-dung--kinh-doanh--chuyen-giao-(bot)-du-an-thanh-phan-dau-tu-xay-dung-doan-dien-chau--bai-vot-thuoc-du-an-xay-dung-mot-so-doan-duong-bo-cao-toc-tren-tuyen-bac--nam-phia-dong-giai-doan-2017-2020-.aspx
  15. Government (2024) Decision No. 1436/QD-TTg adjusting the investment policy of the Dong Dang (Lang Son province) - Tra Linh (Cao Bang province) expressway investment project under the PPP form
  16. National Assembly (2024), Resolution No. 138/2024/QH15 dated June 28, 2024 Resolution on investment policy for the North-South Expressway construction investment project, western section, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc)
  17. Government (2021), Resolution 41/NQ-CP, 30/03/2023 Resolution on the allocation of counterpart funds for the Ben Luc - Long Thanh Expressway Construction Project.
  18. Lang Son People's Committee (2023), Decision No. 2014/QD-UBND Decision on approving the Huu Nghi - Chi Lang Border Gate Expressway Project under the BOT form dated December 4, 2023.
  19. National Assembly (2022), Resolution No. 56/2022/QH15 dated June 16, 2022 Resolution on investment policy for the Hanoi Ring Road 4 construction investment project.
  20. Ministry of Transport (2021), Decision No. 09/QD-BGTVT approving the results of selecting investors to implement the Cam Lam - Vinh Hao section construction investment project.
  21. Ministry of Transport (2024), Decision No. 954/QD-BGTVT dated July 30, 2024 Decision on approval of the Dau Giay - Tan Phu Expressway construction investment project (phase 1) under the PPP method.
  22. Online: Investor selection results for the Nha Trang - Cam Lam expressway construction investment project, https://mt.gov.vn/vn/tin-tuc/70412/ket-qua-lua-chon-nha-dau-tu-du-an-dau-tu-xay-dung-doan-cao-toc-nha-trang---cam-lam.aspx
  23. Workshop 'Promoting Public-Private Partnership (PPP) Investment in the Development of Certain Socio-Economic Sectors in Vietnam' held on July 11, 2023. https://mof.gov.vn/webcenter/portal/btcen/pages_r/l/newsdetails?dDocName=MOFUCM281109
  24. Lam Anh, Article Risk Sharing – Necessity, but Not Enough, https://daibieunhandan.vn/chia-se-rui-ro-can-thoi-chua-du-post239661.html