Public-Private Partnership investment forms will be encouraged with a VND20 trillion (USD959 million) fund as proposed incentives for the projects on March 27.
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| The legal framework for mergers and acquisitions will aid foreign investment |
The Ministry of Planning and Investment (MPI) proposed to use the money as reciprocal capital for PPP projects at a review conference after 25 years of attracting foreign direct investment to Vietnam.
The ministry also said they would complete necessary procedures to establish a Project Development Fund for PPP projects, and submit the guidelines for the fund in the second quarter this year.
According to the plan, at least five to ten projects will be chosen for the pilot implementation of PPPs.
During the last months of 2013, the Ministry of Finance will have to build plans for infrastructure funds and issue regulations and guidelines on procedures to disburse and manage the state's capital in PPP projects.
In the second quarter, the Ministry of Industry and Trade will submit all the shortcomings related to the negotiation process related to Build–Operate–Transfer (BOT) projects.
Measures to supervise the capital flows of FDI enterprises were also mentioned at the conference. Furthermore, supporting industries will be able to enjoy tax incentives as well as legal framework for mergers and acquisitions in the future.
