Law on Public – Private Partnership Investment 2020, effective from January 01, 2021, clearly stipulates the procedures for 4 types of PPP projects in Vietnam.
From January 01, 2021: What are procedures for implementation of PPP projects in Vietnam? (illustrative photo)
Article 11 of the Law on Public – Private Partnership Investment 2020 stipulates 4 types of projects with the following procedures:
Case 1: The PPP project procedure is regulated as follows:
- Preparation, appraisal of pre-feasibility study report, investment policy decision, project announcement;
- Preparation, appraisal of feasibility study report, project approval;
- Selection of investors;
- Establishment of a PPP project enterprise and signing of the PPP project contract;
- Implementation of the PPP project contract.
Case 2: High-tech and new technology application PPP projects are regulated with the following procedure:
- Preparation, appraisal of pre-feasibility study report, investment policy decision, project announcement;
- Selection of investors;
- The selected investor prepares a feasibility study report;
- Appraisal of the feasibility study report, project approval;
- Implementation of the steps specified in points d and dd clause 1 of this Article.
Case 3: PPP projects with works requiring architectural plan competition:
- Follow the procedure in case 1 or case 2
Case 4: Public investment projects considered for conversion into PPP projects:
- Follow the procedure in case 1 or case 2.
More details can be found in the Law on Public – Private Partnership Investment 2020, effective from January 01, 2021
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