From January 01, 2021: What are procedures for implementation of PPP projects in Vietnam?

Law on Public – Private Partnership Investment 2020, effective from January 01, 2021, clearly stipulates the procedures for 4 types of PPP projects in Vietnam.

How  is  the <label class='loivt' style='background:yellow'> PPP </label> project  process  regulated  by  the  Law  on  Public-Private  Partnership  Investment  2020?

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

Thanh Thao

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