The enactment of the Public-Private Partnership (PPP) Law in 2020 signals the Government’s intention to attract more private sector investments in the infrastructure sector. — Photo luatvietnam.vn More foreign participation is forecast in Viet Nam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development. The information was included in a recent report by Fitch Solutions on the outlook for Viet Nam’s construction and infrastructure sector. According to analysts from the UK-based financial data and research group, more than half of construction roles are awarded to foreign contractors, reflecting the openness of Viet Nam’s construction market. Foreign participation is mainly represented by South Korea, Japanese and Chinese engineering companies. Of which, Japanese financiers are particularly active in supporting projects in Viet Nam, highlighting their dominance as an important exporter of infrastructure. “When analysing the mix of nationalities of companies operating in Viet Nam’s burgeoning construction and infrastructure market, we note that the country has one of the most diverse competitive landscapes within the Southeast Asia region,” the analysts noted. According to Fitch, opportunities for foreign companies to participate in Viet Nam’s construction market exist…