International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 10, Issue 9 (September 2023), Pages: 228-241

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 Original Research Paper

Factors influencing investment attraction in road infrastructure BOT projects: A comprehensive analysis in the southern key economic zone of Vietnam

 Author(s): 

 Le Hoai Linh 1, Nguyen Hoang Khuyen 2, Nguyen Minh Duc 2, Vo Nhat Luan 3, Le Phi Vu 4, Tuan Anh Nguyen 5, *

 Affiliation(s):

 1Faculty of Civil Engineering, Vietnam Aviation Academy, Ho Chi Minh City, Vietnam
 2Department of Planning and Investment of Tien Giang Province, Tien Giang Province, Vietnam
 3Sau Training, Human Resources Training and Development JSC, Ho Chi Minh City, Vietnam
 4Project Management Board and Land Development in My Tho City, Tien Giang Province, Vietnam
 5Civil Engineering Institute, Ho Chi Minh City University of Transport, Ho Chi Minh City, Vietnam

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0002-1259-6986

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2023.09.025

 Abstract:

Over the course of the last two decades, Vietnam has demonstrated a growing interest in public-private partnership (PPP) investments within the domain of road transport infrastructure. However, the overall success rate of these endeavors has remained constrained and, in fact, has displayed a propensity for decline. Understanding the primary determinants behind this phenomenon, particularly the internal factors within the management system, has been a perplexing and protracted process, hindering the development of viable solutions. This research employs a qualitative analysis approach, leveraging in-depth interviews conducted with 250 road traffic infrastructure PPP project managers and experts. The objective is to discern the factors that exert influence over the investment attractiveness of build-operate-transfer (BOT) projects in the vital Southern Key Economic Zone of Vietnam. Subsequently, utilizing the collated data, this study employs a quantitative methodology to measure the impact of these factors via a derived multivariate regression equation. The findings reveal the existence of five distinct groups of factors that affect the investment attractiveness of BOT projects in the Southern Key Economic Zone, classified by their respective levels of influence. These groups encompass factors relating to the role of the state, the legal framework, human resources engagement in PPP ventures, supportive financial instruments, and the allocation of risk. Notably, these outcomes align with previous research efforts, further substantiating the robustness and reliability of the findings presented within this study.

 © 2023 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Public-private partnership investments, Road transport infrastructure, Investment attractiveness, Build-operate-transfer projects, Southern key economic zone

 Article History: Received 7 January 2023, Received in revised form 4 May 2023, Accepted 11 September 2023

 Acknowledgment 

No Acknowledgment.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Linh LH, Khuyen NH, Duc NM, Luan VN, Vu LP, and Nguyen TA (2023). Factors influencing investment attraction in road infrastructure BOT projects: A comprehensive analysis in the southern key economic zone of Vietnam. International Journal of Advanced and Applied Sciences, 10(9): 228-241

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 Figures

 Fig. 1 Fig. 2 Fig. 3 Fig. 4 Fig. 5 Fig. 6 

 Tables

 Table 1 Table 2 Table 3 Table 4 Table 5 

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