Recently, the Ministry of Planning and Investment issued Circular 06/2020/TT-BKHDT guiding the implementation of Decree 25/2020/ND-CP dated February 28, 2020, of the Government of Vietnam detailing the implementation of certain provisions of the Law on Procurement regarding investor selection in Vietnam.
List of projects required to conduct bidding in Vietnam must me published within 07 days (Internet image)
Article 12 Circular 06/2020/TT-BKHDT stipulates that The list of projects that must be tendered according to specialized legal provisions and private investment law must be posted on the System within 07 business days from the date the project list is approved in Vietnam. The content to be posted includes:
- Project information: Project name; investment objectives, investment scale; basic project requirements; investment duration, investment progress; project location; other project information (if any).
- Deadline for expressing interest in the project;- Information for investors to contact and register their interest in the project.
When posting the above stipulated information, the project list approval decision must be posted concurrently. The preparation, approval, and publication of the project list; the tender document template and other contents (if any) for the projects required to be tendered according to specialized legal provisions and private investment law shall be carried out according to the guidance of the Ministry, ministerial-level agencies, and Government agencies in accordance with Clause 3, Article 16 of Decree 25/2020/ND-CP. While the Ministry, ministerial-level agencies, and Government agencies in Vietnam have not yet issued detailed regulations, the tender document content shall be based on the modification of the sample documents stipulated in Annexes III and IV issued with Circular 06/2020/TT-BKHDT.
In all cases, the selection of investors according to specialized legal provisions and private investment law must ensure the objectives of competition, fairness, transparency, and economic efficiency; ensure compliance with the provisions of tendering, specialized legal provisions, and private investment law.
More details can be found in Circular 06/2020/TT-BKHDT, which comes into effect in Vietnam from November 1, 2020.
Le Vy
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