Constraints in Implementing Public–Private Partnerships (PPPs) in Vietnam: Private Sector's Perspective

The role of the private sector in the successful implementation of PPPs projects is critical; however, little effort has been made to explore the constraints of implementing PPPs. The purpose of this study is first to explore the current situation of PPPs in Vietnam and then to investigate the point of view and assessment of the private sector on the constraints of PPPs implementation. Methods included semi-structured interviews and content analysis of the findings of the semi-structured interviews carried out with PPPs practitioners of senior management level. The complete picture of current PPPs implementation practice in infrastructure in Vietnam was then obtained. The findings include three main categories: “legal and regulatory issues”, “institutional and capacity issues”, and “financial issues”. These results offer a better understanding of current PPP practice projects in Vietnam and are expected to help the public sector and lawmakers to develop strategies and improve the efficiency of the process of applying PPP in Vietnam.