Vietnam seeks for more investments from private sector

In addition to its policies, enterprises must also pay attention to its implementation, in terms of fair competition and transparent environment between the two sectors.

My Dinh is a bus station built with investment from the public sector. There is a bus departing every 5 minutes. At its peak time, the bus station has to serve 1,500 buses and has been on the verge of being over-loaded.

Located 10 km away, the privately invested Nuoc Ngam bus station was scheduled to serve buses coming from Southern provinces. In contrast with the situation of My Dinh, Nước Ngầm bus station has only reached 30-50% of its designed capacity.

The risk of this policy has been one of the main obstacles for private sector companies considering investing in fields that are supposed to be funded by the public sector, such as transportation infrastructure or electricity.

Decree 155 on Public-Private Partnership has officially taken effect, with an aim to build a better business environment to attract investments from the private sector. However, experts say that efforts towards harmonization of benefits between two sectors should be stepped up.