Ấn phẩm:
Enhancing financial risk management for public-private partnership construction projects in Ho Chi Minh City: a critical analysis and framework for improvement
Nhan đề song song
Tác giả chính
Le Ha Thien An MSc.
Vuong Thi Bach Tuyet
Nguyen Thi Quynh Trang
Tran Nhat Quang
Vuong Thi Bach Tuyet
Nguyen Thi Quynh Trang
Tran Nhat Quang
Người hướng dẫn
Tác giả khác
Năm xuất bản
2026
Nhà xuất bản
Học viện Tài chính
Tóm tắt
Ho Chi Minh City (HCMC) is Vietnam's main economic engine, but its growth is increasingly constrained by a severe infrastructure deficit that far exceeds the fiscal capacity of the state budget. In this context, Public-Private Partnerships (PPP) have become a strategic instrument for mobilizing private capital for urban development. Yet the implementation of PPP construction projects in HCMC has been persistently weakened by financial fragility, with large-scale projects often undermined by immature and ineffective risk management arrangements. This study examines the financial risk landscape of PPP projects in HCMC to identify the structural barriers to project success. Drawing on a systematic literature review, forensic case analysis, and expert discourse synthesis, the study identifies three dominant risk clusters: prolonged land acquisition delays, volatility in credit access caused by the maturity mismatch of domestic banks, and persistent revenue forecasting errors. It further argues that existing mitigation mechanisms, including the revenue risk-sharing arrangement under Article 82 of the 2020 PPP Law, remain weak in practice because of procedural ambiguity, rigid budgetary cycles, and the absence of pre-funded contingency mechanisms. In response, the paper proposes a practical framework for improving the PPP ecosystem through three core reforms: decoupling land acquisition from PPP contracts, diversifying long-term financing through municipal infrastructure bonds, and establishing a dedicated Risk Contingency Fund as an automatic stabilizer. By addressing these structural vulnerabilities, the study offers a roadmap for making HCMC's infrastructure sector more resilient, bankable, and attractive to long-term investors.
Mục lục
Địa chỉ truy cập
Số trang
Ngôn ngữ
vie
Trích dẫn
ISBN
ISSN
Định danh khác
Tài liệu chủ
Tài liệu tham khảo
Chủ đề
public-private partnership (PPP) , financial risk management , infrastructure finance
Kiểu tài liệu
Topic
Topic con
Vui lòng sử dụng ứng dụng DRM AOF để đọc tài liệu số
