THE NECESSITY OF AMENDING AND SUPPLEMENTING THE LAW ON PUBLIC PRIVATE PARTNERSHIPS TO MEET THE REQUIREMENTS OF THE GREEN TRANSITION IN VIETNAM NOW

In the context of globalization and the ongoing Fourth Industrial Revolution, countries around the world have increasingly recognized the critical role of public private partnerships (PPPs) as a strategic mechanism to promote sustainable development. For Vietnam, the transformation of its development model toward a green and environmentally friendly direction is both an urgent requirement to protect natural resources and reduce greenhouse gas emissions, and a necessary step in alignment with international trends and global commitments. Therefore, the amendment and supplementation of the legal framework governing PPPs have become decisive factors in meeting the demands of the green transition, thereby fostering economic growth in parallel with effective environmental protection. This paper focuses on identifying the key elements required for revising and improving Vietnams PPP legislation in response to the green transition.