The Saigon 2 Bridge (left) is built in the form of PPP. (Photo: SGGP) However, ever since the PPP Law took effect, this model has not attracted enough investors, although there is a lot of room for mobilizing social resources to invest in public projects. Rights not defined Under the PPP model the State and private investors jointly sign a contract to share benefits, risks, and responsibilities of construction of works or provision of public services. Both these entities are equal partners under the civil law in the project contract. However, the PPP Law does not clearly define the rights and obligations of each of these two entities. According to the PPP Law, the competent agencies specified in Clause 1 in Article 5 are the Ministry, the provincial People's Committee, and the agency established by the Government or the Prime Minister. These are state management agencies, but when they appear as partners, the mode of operation bears the imprint of public authority, leading … [Read more...] about Public-Private-Partnership model fails to draw investors
Why gender equality is bad
Thousands of Vietnamese flights delayed in June
The figure was up 15.9 percent year-on-year and up 9.4 percent from last month, according to a report from the Civil Aviation Authority of Vietnam. The delay fights accounted for 18.2 percent of total flights operated by the country's six carriers last month, it said. Low-cost carrier Vietjet Air has the industry's highest rate of flight delays at 24 percent, followed by Vietnam Airlines (20.1 percent). CAAV said late-arriving aircraft was the main cause of delays in addition to other excuses like poor management and bad weather. The Ministry of Transport said the increase in flight delays has triggered public outcry among passengers and damaged the industry's reputation. It ordered airlines to ensure flights are punctual, especially during the peak summer travel season. In the first half of this year, the number of passengers going through Vietnam's airports reached 43.35 million, a pickup of 65.5 percent from a year ago and equivalent to 76 percent of pre-pandemic levels, … [Read more...] about Thousands of Vietnamese flights delayed in June