- Region: Asia
March 21, 2013
- The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) today held a meeting for accelerating projects under Public-Private Partnership (PPP) framework or other similar programs such as BOT, BOO and BT (the "Public-Private Cooperation Projects") with the Ministry of Planning and Investment (MPI) of the Socialist Republic of Vietnam, and both parties signed the Minutes of the Meeting (the "Minutes") for establishing a framework for dialogue to hold meetings for this purpose in the future.
- The signed Minutes set forth that the objectives of the dialogue between JBIC, MPI and other relevant Vietnamese ministries and agencies are to formulate and facilitate the feasible, reliable and bankable Public-Private Cooperation Projects in Vietnam. The Minutes also set the agenda to be considered on specific issues regarding the legal and implementing framework and other areas for smooth implementation of the Public-Private Cooperation Projects, while taking account of the case studies of the projects in other countries as well as Vietnam.
- In Vietnam, which has registered sustained economic development, many projects in infrastructure and other sectors are being planned, and vigorous funding needs are foreseen. Under these circumstances, the Vietnamese government has been developing the legal and implementing framework intended to promote the Public-Private Cooperation Projects. Private sectors in other countries have shown their interest to those projects, as they regard Vietnam promising investment destinations in the future, and Japanese businesses have also rising expectations for participating in such projects. JBIC will support Japanese business by cooperating on the improvement of the environment for accelerating Public-Private Cooperation Projects in Vietnam through the dialogue to be held with MPI based on the Minutes.
- JBIC will support participation in the Public-Private Cooperation Projects in Vietnam by Japanese relevant parties through its efforts to help formulating and facilitating project from its early stages. These activities would further deepen and develop economic relations between Vietnam and Japan.