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Abstract

Information asymmetry is a common barrier in selecting investors in the form of Public-Private Partnerships (PPPs), especially in the Operation and Maintenance (O&M) contracts. This issue arises from the natural information advantage of the construction contractor and the incumbent investor in construction and operation. Although it does not stem from misconduct, such asymmetry still affects competitiveness and selection efficiency. The article analyzes the causes and legal consequences of this phenomenon through a comparative review of Vietnamese and Canadian legal frameworks while also assessing selected projects. The research methodology includes theoretical analysis, legal comparison, and a review of practical literature. The findings highlight the need for regulatory intervention to ensure fair competition, with the key solution being the establishment of obligations to share project data for potential investors.

Bahasa Abstract

Asimetri informasi adalah hambatan umum dalam pemilihan investor dalam bentuk Kemitraan Pemerintah-Swasta (PPP), khususnya dalam kontrak Operasi dan Pemeliharaan (O&M). Masalah ini timbul dari keunggulan informasi yang secara alami dimiliki oleh kontraktor konstruksi dan investor petahana dalam pelaksanaan konstruksi dan operasi. Meskipun tidak berasal dari kesalahan atau pelanggaran, asimetri tersebut tetap memengaruhi daya saing dan efisiensi pemilihan. Artikel ini menganalisis penyebab dan konsekuensi hukum dari fenomena ini melalui tinjauan perbandingan kerangka hukum Vietnam dan Kanada, serta menilai proyek-proyek terpilih. Metodologi penelitian mencakup analisis teoretis, perbandingan hukum, dan tinjauan literatur praktis. Temuan menunjukkan perlunya intervensi regulasi untuk memastikan persaingan yang adil, dengan solusi utama berupa pembentukan kewajiban untuk berbagi data proyek kepada calon investor.

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