Factors Contributing to Successful Public Private Partnerships (PPPs) in Road Infrastructure Development in Vietnam: Stakeholder’s Perspective
Author(s)
Primary Supervisor
Smith, Christine
Other Supervisors
Nguyen, Duc-Tho
Manning, Matthew
Fleming, Christopher
Year published
2017
Metadata
Show full item recordAbstract
Over the last two decades the demand for public services and infrastructure has increased dramatically. This increase has not been matched by the availability of funds to finance the required services aimed at improving economic development and the wellbeing of society.The movement to capitalise on the financial, design, operational and management skills ofthe private sector has attracted worldwide government attention. In particular, governments are seeking to utilise Public-Private Partnerships (PPPs) to deliver a wide range of services to the public as an innovative policy tool. This is particularly true in developing ...
View more >Over the last two decades the demand for public services and infrastructure has increased dramatically. This increase has not been matched by the availability of funds to finance the required services aimed at improving economic development and the wellbeing of society.The movement to capitalise on the financial, design, operational and management skills ofthe private sector has attracted worldwide government attention. In particular, governments are seeking to utilise Public-Private Partnerships (PPPs) to deliver a wide range of services to the public as an innovative policy tool. This is particularly true in developing countries where development of infrastructure projects with private capital through the PPP route has become one of the commonly adopted procurement strategies. After more than twenty years of economic reform associated with integration into the international economy, Vietnam has changed significantly and, as a result, its economy has grown at a rapid pace. However, this fast growth and integration have intensified certain problems, leading to calls for more and better public infrastructure. The demand for infrastructure far exceeds the financial resources available to the Vietnamese government. This has resulted in a desire to make use of PPPs, which have become increasingly popular and are now expected to play a major role in future infrastructure investment. Although PPP projects have been part of in Vietnamese infrastructure development since the early 1990s, the progress has been significantly constrained for a variety of reasons. Not all PPP infrastructure projects have been successful when evaluated by all of the PPP stakeholders. Based on the literature review of this research, up to now, there has been no systematic evaluation of the requirements for successful PPPs infrastructure implementation in Vietnam.
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View more >Over the last two decades the demand for public services and infrastructure has increased dramatically. This increase has not been matched by the availability of funds to finance the required services aimed at improving economic development and the wellbeing of society.The movement to capitalise on the financial, design, operational and management skills ofthe private sector has attracted worldwide government attention. In particular, governments are seeking to utilise Public-Private Partnerships (PPPs) to deliver a wide range of services to the public as an innovative policy tool. This is particularly true in developing countries where development of infrastructure projects with private capital through the PPP route has become one of the commonly adopted procurement strategies. After more than twenty years of economic reform associated with integration into the international economy, Vietnam has changed significantly and, as a result, its economy has grown at a rapid pace. However, this fast growth and integration have intensified certain problems, leading to calls for more and better public infrastructure. The demand for infrastructure far exceeds the financial resources available to the Vietnamese government. This has resulted in a desire to make use of PPPs, which have become increasingly popular and are now expected to play a major role in future infrastructure investment. Although PPP projects have been part of in Vietnamese infrastructure development since the early 1990s, the progress has been significantly constrained for a variety of reasons. Not all PPP infrastructure projects have been successful when evaluated by all of the PPP stakeholders. Based on the literature review of this research, up to now, there has been no systematic evaluation of the requirements for successful PPPs infrastructure implementation in Vietnam.
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Thesis Type
Thesis (PhD Doctorate)
Degree Program
Doctor of Philosophy (PhD)
School
Griffith Business School
Copyright Statement
The author owns the copyright in this thesis, unless stated otherwise.
Subject
Public private partnerships (PPPs)
Road infrastructure, Vietnam
Private capital, Vietnam
Infrastructure implementation, Vietnam