Assessing critical barriers and success factors of PPP projects in emerging economies: a case of Vietnam
Journal of Engineering, Design and Technology
ISSN: 1726-0531
Article publication date: 2 November 2023
Abstract
Purpose
Public–private partnership (PPP) projects play a pivotal role in fostering infrastructure development in developing countries. This study aims to identify major barriers and critical success factors (CSFs) for PPP projects in Vietnam.
Design/methodology/approach
The study initially conducted an extensive literature review and interviewed industry experts to compile a comprehensive list of barriers and success factors. Subsequently, a survey involving 250 construction professionals was conducted to assess these identified factors. The research used both ANOVA test and hierarchical regression analysis to explore the relationship between participants’ characteristics and assessments.
Findings
The results could provide a valuable reference for practitioners by assessing barriers and CSFs in PPP projects. Specifically, the ANOVA analysis indicated a positive correlation between barrier assessment and participants’ experience, while the influence of participants’ sector on the evaluation was minor. Furthermore, the hierarchical regression analysis demonstrated that participants’ sector did not moderate the relationship between barrier assessment and industry experience.
Originality/value
This research contributes to the existing literature by offering empirical insights into barriers and CSFs specific to PPP projects in a developing country context. The findings highlight the crucial role of experienced professionals in ensuring PPP project success. Moreover, the study provides construction practitioners with a better understanding of the essential factors and supports the development of effective management strategies for future PPP projects.
Keywords
Acknowledgements
This work belongs to the Project Grant No. KHTĐ2302 funded by the University of Transport Ho Chi Minh City (UTH). The authors are grateful for the financial support. The opinions expressed in this paper are those of the authors and do not necessarily reflect the views of the sponsors.
Citation
Nguyen, H.D., Nguyen, T.A., Doan, V.V. and Dang, C.N. (2023), "Assessing critical barriers and success factors of PPP projects in emerging economies: a case of Vietnam", Journal of Engineering, Design and Technology, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JEDT-08-2023-0340
Publisher
:Emerald Publishing Limited
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