Project Completion Report SECTION A: Project profile Project number & title : Time period covered in report: Committee / WG / Fora: CTI 11/2009A: Filling the Infrastructure Gaps in the APEC’s Developing Economies 2011 Date submitted: 14 December 2011 CTI/Investment Experts Group (IEG) Mr. BUI Hong Duong, Deputy Director, APEC-ASEM Division, Multilateral Trade Policy Department, Ministry of Industry and Trade of Viet Nam, 54 Hai Project Overseer Name / Organization / Economy: Ba Trung Street, Ha Noi, Viet Nam. E-mail: DUONGBH@moit.gov.vn and DUONGMOIT@gmail.com SECTION B: Project report and reflection Briefly answer each of the questions below. Section B should be a maximum of 2-3 pages, inclusive of the questions and tables provided. 1. Project description: In 3-4 sentences, describe the project and its main objectives. The project has two components: One study report and a 2-day seminar, which has been be held in the Melia Hotel, Ha Noi, Viet Nam from 01-02 December 2011. Main objectives of the project are: (i) To improve the capacity of APEC developing economies to design and implement optimal practices for a competitive infrastructure investment climate that attracts and makes best use of domestic and foreign capital; (ii) To enhance the ability of APEC developing economies to eliminate key impediments to improve business investment in infrastructure and (iii) To provide APEC developing economies support to promote and strengthen Public Private Partnership in related works on Investment Infrastructure in APEC. 2. Meeting your objectives: Describe how the project went, with reference to the objectives laid out in your project proposal. Include any major changes to your project as proposed and any problems or obstacles that you encountered and how you overcame them. The project has officially been implemented from March 2011 with a new Project Overseer. Since March 2011, the project has been carried out quite smoothly with the development of the Study Report on Filling the Infrastructure gaps in the APEC’s developing economies and a 2-day seminar in Ha Noi, Viet Nam from 01-02 December 2011. The development of the Study Report has been well monitored and organized in line with APEC rules and procedures. The seminar has been a little bit delayed due to time constraint in inviting speakers and participants to the seminar. The P.O has tried his best to invite as many speakers as possible to ensure the quality of the seminar, focusing on how to promote PPP in infrastructure investment in the APEC region. The seminar has been concluded with successful outcomes. 3. Project evaluation: Describe how you evaluated the project and provide some details on the results of the evaluation (e.g. participant evaluation, peer review of publication, measurement of indicators, statistics demonstrating use of outputs etc.). The project has achieved its objectives as planned for both elements: The Development of a Study Report and a Seminar. With regard to the Study Report, all hired consultants have shown their great efforts and enthusiasm in carrying out their assigned tasks with the final result is a good quality report, which has been submitted and approved by IEG members. In relation to the seminar, all invited speakers and participant was pleased and satisfied with the length, the content and logistic work of the seminar (it was proved by filled questionnaires after the seminar). 4. Key findings: Describe one or two examples of important findings arising from the project (e.g. results from surveys or case studies, insights provided by participants or experts, policy recommendations, roadblocks to progress on an issue etc.). - Promoting private capital in infrastructure and PPPs in particular raises a number of political, social and economic issues. APEC member economies therefore must individually and collectively continue to reaffirm their high level political commitment to microeconomic reform and to promoting PPPs as a viable policy option for infrastructure development; - Engaging in a PPP process requires member economies to ensure an enabling environment. A major task for member economies is to define clear legal and policy frameworks and to ensure that the appropriate capacity exists within the government to initiate, manage and implement PPPs. This ensures stability, predictability and gives a significant guarantee for investors and enterprise communities in infrastructure investment. APEC member economies also need to establish an appropriate and effective legal framework to complement the policy framework for PPPs, making sure their regulatory and legislative frameworks are up-to-date, clear, complete and integrated across sectors, ready to handle the reality of PPP contracts. - All APEC member economies should draw up clear rules and guidelines setting out the administrative process by which PPPs are considered and implemented. This is to ensure consistent, streamlined administration by the bureaucracy which will reduce uncertainties at different stages of project development and approval. Optimal practices in the PPP process needs to address four key issues value for money, risk transfer, competition and contestability and transparency. - APEC member economy experience suggests that proper institutional capacity is needed to create, manage and evaluate PPPs. The public parties engaged in PPPs also need expertise and support. APEC member economies should establish a dedicated PPP Unit separate from the policy functions to implement PPP projects. IEG can continue its important supportive work through the implementation of IFAP as effective investment facilitation can make a significant contribution to the sort of broader investment climate reform efforts widely practiced by APEC member economies. Transparency, simplicity and predictability are among its most important principles. - 5. Next steps: Describe any follow-up steps or projects that you recommend. Have you already planned or begun these? What role could APEC play in any follow-up? - We are thinking of developing a project next year (2012), which will be focusing on how to effectively seeking and managing financial sources for infrastructure projects, including from the States and Private sector as one of the following up activities of this project. - APEC in general and IEG in particular will be important for a for this kind of project from the consideration, approval and implementation of project proposal with helpful comments from IEG and related APEC fora. 6. Feedback for the Secretariat: Do you have any suggestions for more effective management of projects in the future? Any assessment of consultants, experts or participants that you would like to share? (The Secretariat collates and examines feedback to identify trends for ongoing evaluation of our project management and/or communications systems.) - All APEC funded speakers should be entitled for business class airfare, regardedless flying duration to ensure the quality of their presentations in any APEC event. Participant information: Please provide details, where applicable. Insert rows as needed. Economy # male # female Details Mr Kenneth Waller, Director of Australian APEC Australia V Australia V Mr Roy Nixon, Consulting Company Japan V Mr Toru Shimizu, Director of OECD Division, Ministry of Foreign Affairs Ms Brenda Aldana, Chief of Administrative Affairs Dept, Ministry of Economy Mr Daroa Peter, Acting Manager, Investment Promotion Authority of PNG Ms Milagros Rasmussen, Director, Investment Promotion Agency of Peru Mr Igor Koval, Ministry of Economics. Mexico Papua New Guinea V V Peru Russia Study Centre, RMIT V V Thailand V Thailand V Chinese Taipei V Ms Basarygina Tatiana, Senior Specialist, Consulate Mr David Ng, Director, KPMG Corporate Finance Pte Ltd Ms Sirinard Chaiyalapo, Investment Promotion Officer, Thailand Board of Investment Ms Siriporn Nurugsa, Director of Intl Affairs Bureau, Thailand Board of Investment Ms Ching Yi Lin Chinese Taipei V Ms Chen I Wang Russia Singapore V V USA V Mr William Streeter, Hasting Fund Management USA V Mr Stanley Boots, Lawyer. ADB V Mr Frederic Thomas, Senior Manager Vietnam Competitiveness V Initiative (VNCI), USAID Vietnam Competitiveness Initiative (VNCI), USAID KPMG Limited Vietnam Competitiveness Initiative (VNCI), USAID Viet Nam Ms. Nguyen Liuba V Ho Dang Thanh Huyen (Ms.) Senior Manager, Tax & Corporate Services Mr. Ha Huy Cuong, Policy Advisor of VNCI. V V Viet Nam Viet Nam V V Viet Nam Ms. Le Thanh Giang, Senior Program Assistant V V Ms Vu Quynh Le, Consultant Mr Pham Linh, Official of Intl Cooperation Dept, VCCI Ms Dinh Thi Xuan Thuy, Manager, International Cooperation Dept, VNPT Mr Pham Hoang Tien, Viet Nam Chamber of Commerce and Industry (VCCI) Ms Tran Thi Thanh Tam, VCCI Viet Nam V Viet Nam V Ms Pham Quynh Mai, Deputy Director General, Ministry of Industry and Trade Mr Bui Hong Duong, Deputy Director, MOIT V Ms Ho Thi Kim Chi, Official, MOIT Viet Nam Viet Nam V Viet Nam Viet Nam V Ms Nguyen Thi Hanh, Official, MOIT Mr Do Duy Khanh, Official, MOIT V Viet Nam V Ms Nguyen Thi Duy Ly, Official, MOIT Viet Nam V Ms Vu Lien Huong, Official, MOIT Viet Nam V Viet Nam V Mr Dang Le Hoang, Official of Infrastructure and Urban Dept, Ministry of Planning and Investment Mr Pham Thai Son, Official, MPI Viet Nam V Viet Nam V Viet Nam V Viet Nam V Viet Nam V Viet Nam V Viet Nam Ms vu Thu Huong, Hanoi Authority for Planning and Investment Ms Nguyen Truong Quyen, Hanoi Authority for Planning and Investment Ms Do Thi Thu Ha, Partner, KPMG Viet Nam Mr Paul Meiklejohn, Director, KPMG Viet Nam V Viet Nam Ms Nguyen Nhat Anh, SME Development Agency, MPI Ms Vu Quynh Le, Director, Center for Procurement Support Ms Luu Hong Van, Official, MPI V Ms Ho Dang Thanh Huyen, KPMG Viet Nam Viet Nam V Mr Dung Ninh, KPMG Viet Nam Viet Nam V Mr Hoang Van Truong, Official, MOIT Viet Nam V IMF V Mr Nguyen Danh Hao, Senior Operation and Economic Offier, IMF Ms Ho Le Tram, Official, IMF World Bank V Ms Ho Thi Ngoc, Senior Official, World Bank World Bank V Mr Dang Le Dung, Official, World Bank Viet Nam V Mr Tran Hoang Hai, Senior Project Officer, JBIC MUTRAP V Ms Hoang Ngoc Mai, Officer, MUTRAP Viet Nam V Viet Nam V Ms Nguyen Yen Ngoc, Officer, ASEAN Division, MOIT Ms Nguyen Tue Phuong, Coordinator, BABSEA Viet Nam V Mr Quyen Anh Ngoc, WTO Division, MOIT Viet Nam V Mr Dang Duc Cuong, Senior Urban Specialist, World Bank Ms Lu Thi Thu Trang, Foreign Trade University Viet Nam V Viet Nam V Mr Hoang Van Phuong, MOIT Viet Nam V Viet Nam V Mr Le Manh Thang, Professional Consultant Company Mr Vu Tu Thanh, US – ASEAN Representative Viet Nam Viet Nam V Ms Mai Phuong Thu, MPI Mr Nguyen Duc Anh, MPI V Viet Nam V MS Nguyen Hong Van, Officer, MPI Viet Nam V Ms Duong Ha, Senior Officer, MPI Viet Nam Viet Nam Mr Nguyen Viet, Viet Nam Economics News V V Ms Le Thi Thanh Ha, Viet Nam Economics News Viet Nam V Viet Nam V Viet Nam V Viet Nam V Viet Nam V Ms Dang Thu Huong, Officer, Intl Cooperation Dept, Ministry of Transport Mr Trieu MInh Long, Deputy DG, Intl Cooperation Dept, Ministry of Information and Communication Mr Nguyen Quy Quyen, Officer, Ministry of Information and Communication Mr Ngo Chung Khanh, Deputy DG, WTO Division, MOIT Ms Tang Thu Ha, Officer, Ho Chi Minh Authority for Planning and Investment 7. Outputs: Please provide details, where applicable. Change headings or insert rows as needed. # planned # actual 01 01 # of publications distributed 01 01 # of CDs distributed 0 0 # of websites created 0 0 N/A N/A # of workshops / events Other: Details APEC Seminar on Filling the Infrastructure Gaps in the APEC’s Developing Economies, held in Ha Noi, Viet Nam from 01-02 December 2011 APEC Study Report on Filling the Infrastructure Gaps in the APEC’s Developing Economies SECTION C: Budget Attach a detailed breakdown of the APEC- provided project budget, including: Planned costs (using most recently approved budget figures): US$102,001 from APEC funding Actual expenditures: Variance notes: An explanation of any budget line under- or over-spent by 20% or more. SECTION D: Appendices or additions Please attach any of the following. This information will help us better understand your project, support overseers of similar projects and plan for future projects. List of experts or consultants utilized, with job titles and contact details List of participants, with job titles and contact details Event agendas Links to any relevant websites or online material (e.g. reports, resources created) Results of participant feedback or other project evaluation (raw and/or analyzed) Any other relevant information or resources that would help us learn more about your project All documents of the seminar and the final study report have been sent to APEC Secretariat in due course. FOR APEC SECRETARIAT USE ONLY APEC comments: Were APEC project guidelines followed? Could the project have been managed more effectively or easily by the PO?