On August 16, 2016, the Japan Bank for International Cooperation (JBIC) held a policy dialogue with the Ministry of Planning and Investment (MPI) of Vietnam regarding the formation and promotion of public-private partnerships (PPP).
JBIC has regularly held similar dialogues since an agreement was signed between JBIC and MPI in March 2013, setting the framework to hold specific discussions on a system for facilitating PPP activities in Vietnam*1. This 6th working-level meeting was themed on the promotion of PPP in the environmental sector, including renewable energy.
Participants included Kazunori Ogawa from JBIC, Director General for the New Power and Power Finance Department II, and Vu Quynh Le, Deputy Director General of the Public Procurement Agency for MPI, as well as about 30 attendees from major Vietnamese central and regional ministries and agencies.
Vietnam has been developing its policy related to climate change mitigation, in order to promote the use of renewable energy, such as solar and wind, in the power sector in Vietnam. On the basis of this effort, JBIC presented, in addition to its activities in the environmental preservation, the respective roles of the host country government, project operator, and financial institutions in the project formation stage. Meanwhile, MPI presented its efforts in developing the PPP-related policy, as well as renewable energy projects in the country, indicating their expectation for JBIC's future cooperation in forming PPP projects. The presentations were followed by a number of questions from the participants, resulting in an active Q&A session.
JBIC will continue to cooperate with Vietnamese ministries toward infrastructure development in Vietnam by engaging in project formations from the initial stage.