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Conference on Cooperation and Development between JPFI and VARSI

17:48 | 21/02/2020

(Construction) - On 19/2/2020, at Tokyo (Japan), Japan Association of Private Financial Initiatives (JPFI) has a meeting with Vietnam Association of Road Traffic Investors (VARSI).

Representatives of JPFI and VARSI sign Memorandum of understanding.

In such meeting, Mr. Kazuo Ueda – Chairman of JPFI presented to represent for JPFI. Mr. Tran Van The – Permanent Vice Chairman of VARSI represents for Vietnam’s group. Many experienced experts, businessmen, consultants in constancy contract by and between two associations also attend this first meeting.

At the conference, Mr. Tran Van the – Permanent Vice Chairman of VARSI introduces an overview of establishment, development, and operation plan of VARSI in the upcoming time, as well as propose essential issues on PPP model in Vietnam, and wish to receive experiences on PPP model implementation from Chairman of JPFI and experts, consultants of Japan.

At the conference, Mr. Kazuo Ueda also introduces an overview of establishment, developments of PPP model in Japan and exchanges knowledge from research and accumulated throughout 20 years as of the JPFI establishment time. According to Mr. Ueda, in Japan, PFI/PPP has grown sharply and supported by the people due to its effective and practical benefits. In addition, Japanese Government creates an objectivity and transparency to gain absolute trust from people. Besides, the Government always accompanying with PPP/PFI investors to build practical constructions for their country, gaining high value on economic – political aspects for society and prepare to share difficulties, challenges in construction progress and project operation.

After the sharing of JPFI, Mr. Ho Minh Hoang – Chainman of the Board of Deo Ca Group Joint Stock Company – as founding investor of VARSI and Permanent Vice Chairman of consultancy council of VARSI shows his respect for   valuable opinions and future cooperation between two associations in order to build mechanisms, policies together and develop PPP model in Vietnam individually, and global generally. “After this meeting, we have an objective perspective to assess and compare actual situation of private – public partnership in Vietnam and other countries globally, as well as learning, adapt to positive characteristics to apply effectively in Vietnam. In addition, perform research to untie many difficulties, issues of PPP model in Vietnam and Investors binding provisions, which causing many difficulties in PPP investment project, people lose their trust and do not have multi-perspectives on this form” Mr. Ho Minh Hoang shared.

At the meeting, both parties have signed memorandum of understanding to increase activities’ effectiveness, improved cooperation chance between two parties as well as assists each other to expand and develop in fields suitable for operation purpose of each party. Exchange experience in transport and road investment and infrastructure field in the form of private – public partnership.

We hope that in near future, development of Vietnam private – public partnership policy will be improved, untied difficulties to boosted economic – social development and improved competitiveness against developed countries globally.

By TT

Theo

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