Legal Counselling

Vietnam’s regulations on State contribution to PPP projects

21:13, 05/01/2019

Circular No. 120/2018/TT-BTC was issued by the Ministry of Finance of Vietnam, prescribing the return on equity of investors, the state contribution to projects and financial statement of completed PPP work items of projects on construction of Eastern Sections of the North – South Expressway during 2017 – 2020.

According to Circular No. 120/2018/TT-BTC of the Ministry of Finance of Vietnam, State contribution to PPP projects is prescribed as follows:

- The State contribution to the PPP project must comply with regulations in Clause 1 Article 1 of the Resolution No. 20/NQ-CP of Vietnam’s Government.

- The State contribution used to cover partial construction costs for ensuring the financial feasibility shall be determined according to the result of the bidding for selection of investors executing the PPP project.

- The State contribution to PPP projects is included in the plan for medium-term public investment by funding derived from the state budget for the period 2016 – 2020 allocated to nationally important projects according to the National Assembly’s Resolution No. 26/2016/QH14.

View details at Circular No. 120/2018/TT-BTC of the Ministry of Finance of Vietnam, effective from January 23, 2019.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

32 lượt xem

- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn