Solutions to complete state management for road traffic infrastructure investment in BOT form

Author:

Tuan Hoang Dang 1,Linh Hoai Le 2,Khuyen Hoang Nguyen 3,Vu Phi Le 4,Tuong Manh Le 5

Affiliation:

1. Department of Transport of Long An province, Vietnam.

2. Vietnam Aviation Academy, Ho Chi Minh City, Vietnam.

3. Department of Planning and Investment of Tien Giang province, Vietnam.

4. Project Management Board and Land Development in My Tho City, Tien Giang province, Vietnam.

5. Sau Training, Human Resources Training and Development JSC., Ho Chi Minh City, Vietnam.

Abstract

This article recommends resolutions to improve the state management of road transport infrastructure investment in the form of BOT (Building - Operate - Transfer) in Vietnam, on the basis of Vietnam's practice and international experience. Accordingly, the group of authors solves 05 basic issues affecting the state management of PPP (Public - Private - Partnership) projects in Vietnam, including: State management’s regulatory documents; State management model, content and management method; Personnels participating in PPP; Financial instruments and management; Investment environment. The authors used qualitative and quantitative research methods to identify factors affecting state management and eliminate duplicate factors and factors with small impacts. Through the multivariable regression equation, there is the general formula Y= ?0 + ?1 X1 +…+ ?n Xn as the basis for the solution system. The conclusions drawn from the study help the state management to get a comprehensive view of the BOT projects that have been implemented in the past time to make adjustments and gradually improve the investment model in the form of PPP in general and BOT in particular.

Publisher

Technoscience Academy

Subject

General Medicine

Reference21 articles.

1. Asian Development Bank (2012). Public-Private Partnership (PPP) Work Plan 2012-2020: Realizing the Vision Strategy 2020 - the transforming role of public-private partnerships in the operations of the Asian Development Bank, Ha Noi.

2. National Assembly (2020). Law on investment under the mode of public-private partnership No. 64/2020/QH14, promulgated on June 18, 2020

3. Nguyen Thi Hong Minh (2016). State management of investment projects in the form of public-private partnership in the construction of road transport infrastructure in Vietnam, PhD Thesis in Economic Management, National Economics University, Hanoi.

4. Ministry of Transport (2009). Research on Public Private Partnership in Road Sector, Hanoi

5. Ta Van Khoai (2009). State management of investment projects built from the state budget in Vietnam, Doctoral thesis, Ho Chi Minh National Academy of Politics.

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