(VOVworld) - Vietnam will encourage more private investment in infrastructure under the Public-Private Partnership (PPP) model to increase the efficiency of capital sources. Minister of Planning and Investment Bui Quang Vinh was addressing a meeting of more than 100 leading French businesses in Paris on Monday. Vinh said that the new policy will create plenty of opportunities for French businesses as infrastructure construction projects using foreign loans have been undertaken by the State.

In addition, he said, Vietnam is restructuring State-owned and private businesses, offering a good chance for French companies to seek and establish partnerships. Michel Drobniak, Economic and Commercial Counselor of the French Embassy in Vietnam, in turn expressed his appreciation for the cooperative potential and prospects between the two countries in recent years. He said: “Vietnam has great potential for development: vigorous economic growth and a young skilled labor force. Prospects for bilateral cooperation are considerable. Both countries’ businesses should find ways to achieve more effective cooperation. The two governments should help businesses establish partnerships to realize agreements between the two countries.”