Nhat, M N; Lewis, J; Beer, M and Boussabaine, A (2014) A pilot-study investigating the assessment and allocation of risks in public-private partnership transportation projects in Vietnam. In: Raiden, A and Aboagye-Nimo, E (eds.) Proceedings of 30th Annual ARCOM Conference, 1-3 September 2014, Portsmouth, UK.
Abstract
Many PPP projects have failed because of risks occurring during operation and earlier studies have demonstrated a need risk assessment and allocation methods for PPPs. Although researchers have been working in this area for years, the amount of empirical work is limited, especially when applied to developing countries. This paper will review previous studies and then describe a pilot study which was carried out in Vietnam. Forty one questionnaires were sent to practitioners working on PPP transportation projects and to officials from government departments. The study attempted to identify key risks in PPPs in Vietnam, and risk allocation perceptions of practitioners in these projects. Also, the pilot study also aimed to test the methods of collecting data, the quality of the questionnaires, and the ability to assess running projects. The purpose of this testing was to carry out a larger study in the fieldwork stage of a PhD program. The findings of the study suggest that ineffective decision-making processes by the public sector, difficulty in obtaining approvals, high inflation, and corruption are the most critical risks in Vietnamese PPPs. For risk allocation, the findings suggest that the government is willing to manage risks relating to political and legal issues. Whereas, private partners are willing to manage risks relating to constructing and operating issues. This may indicate that one of the prime objectives of PPP, the transferring risks to the private sector, has not been achieved. Importantly, the findings have suggested improvement for fieldwork plan. The paper will conclude by proposing a methodology for continuing the study.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | public-private partnership; risk allocation perception; risk assessment; risk management; Vietnam |
| Index terms: | Vietnam, developing country, legal issue, approval, public sector, decision-making process, transportation project, partnership, private sector, risk allocation, corruption, practitioner, questionnaire, risk management, methodology, inflation, program, risk assessment, testing |
| Subjects: | economic analysis, legal systems, professional practice, practitioner, contractual role, risk assessment, data collection methods, infrastructure and transport systems, industry analysis, administrative law, professional ethics, decision analysis, partnership management, financial risk, development economics, Geography, research methods, software systems |
| Topics: | International Construction, Digital Applications, Legal Issues, Contract Administration, Engineering Principles, Geographical Context, Research Practice, Cost Management, Business Strategy, Stakeholder Management, Roles and Professions, Risk Management |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here