The investor executing PPP project in Vietnam must prepare periodical and unscheduled reports as regulated by the law

09:32, 03/11/2015

This is a notable content of the Circular No. 38/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam detailing certain contents of the investment in the form of public-private partnership under the authority of the Ministry of Industry and Trade.

According to the Circular No. 38/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, the investor executing PPP project must prepare periodical and unscheduled reports as regulated by the law, and reports as follows:

Giám sát, đánh giá các chương trình, dự án đầu tư

Firstly, regarding periodical reports

- The investor or the project enterprise must prepare and submit 6 months reports and annual reports, ahead of July 10 and February 10 respectively, to the PPP authority and sector-managing units.

- Investors executing PPP projects must prepare and submit reports on supervision and assessment of investment projects to the Ministry of Industry and Trade in accordance with the law on investment supervision and assessment.

- Reporting contents must specify the progress of works up to the reporting time (disbursement progress, progress of the execution of investment items, etc.); unsolved issues and solutions thereof; expected execution plans.

Secondly, unscheduled reports

- In case of force majeure such as acts of god or conflagration, the investor must promptly report to the Ministry of Industry and Trade and competent regulatory bodies.

- The investor must submit reports, provide documents or explanation about issues concerning his activities at the request of competent regulatory bodies.

View more details at the Circular No. 38/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam, effective from December 15, 2015.

Thu Ba

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