Vietnam: Requirements for a PPP project proposed by the Ministry of Industry and Trade to be selected applied from December 15, 2015

09:24, 03/11/2015

Recently, the Ministry of Industry and Trade of Vietnam has issued the Circular No. 38/2015/TT-BCT detailing certain contents of the investment in the form of public-private partnership under the authority of the Ministry of Industry and Trade.

PPP projects proposed by the Ministry of Industry and Trade in investment fields regulated in Article 3 of Circular No. 38/2015/TT-BCT of the Ministry of Industry and Trade of Vietnam must meet the requirements in Clause 1 Article 15 of Decree No. 15/2015/NĐ-CP. To be specific, they must:

dieu kien lua chon du an dau tu theo hinh thuc PPP, 38/2015/TT-BCT

- Conform to plans for the development of the industry and trade sector that are approved by the competent authorities;

- Be able to attract and access commercial capital, technology and managerial experience from investors;

- Be able to provide good quality products that satisfy consumer’s needs in a constant and stable manner;

- Have the total investment capital of at least VND 20 billion, except for projects under the O&M contract.

Project proposal documents consist of:

1. Written request for the appraisal of project proposal;

2. The project proposal, the content of which must conform to regulations in Clause 2 and Clause 3 Article 16 of Decree No. 15/2015/NĐ-CP of Vietnam’s Government.

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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