What information about investors will be provided on the National Procurement Network of Vietnam from August 1, 2022?
- What information will the national bidding network system of Vietnam provide about the investor's capacity and experience?
- When will the project's information be published on the National Procurement Network of Vietnam?
- Time limit for posting information on investor selection plan for investment projects using land in Vietnam?
What information will the national bidding network system of Vietnam provide about the investor's capacity and experience?
Pursuant to Article 8 of Circular 10/2022/TT-BKHDT stipulating;
“Article 8. Information on the capacity and experience of investors
1. Information about the capacity and experience of investors on the System, including:
a) General information about investors
b) Data on audited annual financial statements, audited interim financial statements as prescribed by law (if any);
c) Information about projects and contracts that have been and are being implemented.
2. Investors actively update information about their capacity and experience as prescribed in Clause 1 of this Article on the System and take responsibility before law for the accuracy of the information declared on the system. In case the investor makes the correction on the System by himself, the System will save all the information before and after the investor makes the correction. Information about the investor's capacity and experience is authenticated by the investor's digital signature.
3. Investors attach documents and documents to prove the authenticity of capacity, and experience, attached documents will be stored and managed on the System.
4, In case an investor makes a dishonest declaration in order to obtain financial or other benefits or to avoid any obligation, it is considered fraud as prescribed in Clause 4, Article 89 of the Law on Bidding Law of Vietnam, Clause 11 Article 10 of the Law on Investment in the form of public-private partnership of Vietnam (hereinafter referred to as the Law on PPP).
5. Regarding the content specified at Point b, Clause 1 of this Article, if the data on financial security on the System has been updated from the electronic system of the General Department of Taxation, the Ministry of Finance of Vietnam, the Information System In the country on business registration, investors are not required to declare data on financial statements. For financial statement figures from 2021 onwards, the case that investors discover that the system has not updated the data compared to the electronic tax system of the General Department of Taxation, the Ministry of Finance of Vietnam, the investor will modify it to match the data reported to the hiring agency, the system will save the versions modify investor information.”
Accordingly, the National Procurement Network will provide information such as general information of investors; information on audited annual financial statements; information about projects and contracts that have been and are being implemented.
What information about investors will be provided on the National Procurement Network of Vietnam from August 1, 2022?
When will the project's information be published on the National Procurement Network of Vietnam?
Pursuant Article 9 of Circular 10/2022/TT-BKHDT stipulates:
“Article 9. Project information and investor interest survey 1. For PPP projects:
a) The competent authority shall publish information of the project on the System together with the decision on investment policy, the decision on the adjustment of investment policy (if any), the decision on project approval, the decision on approval project adjustment (if any) no later than 10 days from the date of approval of this decision.
b) The agency competent to create and authorize professional accounts for the project preparation unit or the agency or unit in charge of receiving the project proposal shall publish the notice of surveying the investor's interest. investment in the System. The survey of investors' interests is carried out in accordance with Article 25 of Decree No. 38/2001/ND-CP.
2. For investment projects using land, the Department of Planning and Investment and the Economic Zone Management Board shall post the list of projects (including preliminary requirements on the investor's capacity and experience and E-TBMQT on the System
3. For projects, bidding must be organized according to specialized laws, laws on socialization, project information (including preliminary requirements on investor's capacity and experience) and an invitation to invite interest are posted on the System
Contents includes:
a) Project information: Project name, investment objective, investment scale, basic requirements of the project, duration, investment schedule, location of project implementation, other information about the project (if any)
b) Time limit for investors to submit applications for project implementation registration;
c) Information for investors to submit project implementation registration dossiers;
d) Other information (if necessary)”
Accordingly, the competent authority will publish the project's information on the System together with the decision on investment policy, decision on adjustment of investment policy (if any), decision on project approval, decision on investment policy and decision on investment policy adjustment. approve project adjustment (if any) no later than 10 days from the date of approval of this decision.
Time limit for posting information on investor selection plan for investment projects using land in Vietnam?
Pursuant Article 11 of Circular 10/2022/TT-BKHDT stipulates:
“Article 11. Information on investor selection plan for investment projects involving land use
1. Posting time:
Information about the investor selection plan is posted on the System no later than 07 working days from the date this document is issued Basic information about the project is posted simultaneously with the selection plan Investors,
2. Attached documents:
The bid solicitor must attach the decision approving the investor selection plan to the posting process. In case of adjustment or modification of the investor selection plan, the bid solicitor must update and attach the Decision approving the adjustment or amendment on the System before posting the invitation to bid.”
Accordingly, within 07 working days from the date of Circular 10/2022/TT-BKHDT is issued, information about the investor selection plan must be posted on the National Procurement System.
Circular 10/2022/TT-BKHDT comes into force from August 1, 2022.
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