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The Hanoitimes - Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure. The delivery of services – such as clean water, reliable public transport, schools and hospitals – through economic and social infrastructure is among the most important functions of government. Resources must be well spent to ensure quality. People everywhere want good infrastructure, such as smooth and safe roads and timely and reliable trains that move passengers and freight across a wide range of destinations. They want clean water, reliable sanitation, easy-access broadband internet connectivity and electricity available 24/7. Well-managed and functional airports and seaports enable connection with the rest of the world, while schools and hospitals ensure well-being, including a healthy and well-equipped workforce. The delivery of services through economic and social infrastructure is among the most important functions of government and key to how citizens perceive the role and effectiveness of government. Illustrative photo. Source: www.macquarie.com Southeast Asian governments invest more as a share of total government expenditures (16.7%) than member countries of the Organization for Economic Co-operation and Development (OECD) (7.6%). Much of that spending goes for infrastructure, according to the ADB/OECD report Government at a Glance Southeast Asia 2019 . These infrastructure assets are largely provided by governments, including through state-owned enterprises and public private partnerships (PPPs). Southeast Asian countries increased spending on infrastructure by 1.5% between 2008-2016, reflecting in part governments’ ambitions to maintain growth and improve access. This compares to an investment decline of 1.8% in OECD countries over the same period. Yet, increasing infrastructure finance may not be enough. Resources must be well spent …

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The Hanoitimes - Taking into account the size of the Vietnamese economy, a large proportion of the state budget allocated for infrastructure development would affect the balance of payment and the economy. Vietnam is currently struggling to mobilize funds for infrastructure development, evidenced by the country’s state budget allocation of 5.7% of the GDP for such projects, the highest ratio in Southeast Asia, according to Lynn Tho, representative of Ernst & Young. Overview of the conference. Source: VGP. As funding from state budget remains limited, mobilizing private funds for infrastructure projects is a viable option for Vietnam, said Tho at a conference discussing the public-private partnership (PPP) mechanism in Vietnam’s context on January 15, the governmental portal reported. According to the Global Competitiveness Report 2017 – 2018 of the World Economic Forum, Vietnam ranked 79 th out of 137 countries and territories in terms of quality of the infrastructure system. Additionally, only 20% of Vietnam’s roads are asphalted, significantly lower than other countries such as Malaysia, India and Indonesia. The Asian Development Bank (ADB) estimated Vietnam would need around US$480 billion for infrastructure development in the 2017 – 2030 period. However, given the fact that Vietnam's modest economic size is restricting capital accumulation capacity, a large proportion of state budget allocated for infrastructure development would affect the balance of payments and cause public debt to swell. Addressing the conference, Country Director of the World Bank in Vietnam Ousmane Dione said the PPP mechanism would bring benefits for Vietnam, but fiscal risk remains the most challenging issue. Dione said some think the PPP investment is a way to have free infrastructure, or a solution to overcome financial difficulties. Moreover, most PPP projects in Vietnam are direct contracting, posing potential risks of losses to the state …

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MPI proposes a draft decree on procurement bidding under CPTTP MPI proposes a draft decree on procurement bidding under CPTTP The Ministry of Planning and Investment (MPI) has summited to the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP). According to the MPI, the draft decree will amend and supplement some articles of Decree No 95. It aims to guide State companies to execute bidding packages under the CPTTP agreement and EU-Việt Nam Free Trade Agreement (EVFTA). However, per the Government's Resolution No 190/NQ-CP on the provisional application of the UK-Việt Nam FTA (UKVFTA), Việt Nam agreed to temporarily apply the UKVFTA from January 1, 2021. The agreement was negotiated based on the principle of inheriting commitments in the EVFTA with necessary adjustments to ensure compliance with the bilateral trade framework between Việt Nam and UK. By doing so, the draft decree will avoid amending Decree 95/2020/NĐ-CP many times. The MPI has asked the Government to revise Decree No 95 as follows. The first option aims to implement international treaties on bidding and the second option is to execute the bid for public procurement of goods under the CPTTP, EVFTA and UKVFTA. To boost competitiveness in bidding, the draft decree has stipulated the implementation of bidding related to consultancy services, non-consultancy services and construction services. In the draft decree, bidding packages specified in Appendix II of the Decree No 95 show State companies will decide to allow intra-regional contractors or contractors from member countries of CPTTP to attend only. For bidding packages specified in Appendix III of Decree No 95, State companies can allow intra-regional contractors or contractors from member states of the EU and UK to bid. Regarding the intra-regional procurement bidding for the supply of goods …

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