On May 30, 2024, the Minister of Transport of Vietnam issued Circular 16/2024/TT-BGTVT stipulating certain provisions on the selection of investors for the implementation of investment projects in rest station facilities.
Article 3 of Circular 16/2024/TT-BGTVT stipulates the evaluation of investment efficiency in industry and sector development of the business investment project for rest stop facilities in Vietnam as follows:
- The criteria for evaluation of investment efficiency in industry and sector development of the business investment project for rest stop facilities in Vietnam is based on the minimum value in cash paid to the state budget as stipulated in Clause 2, Article 47 of Decree 23/2024/ND-CP, detailing several articles and provisions for the implementation of the Bidding Law 2023 on the selection of investors for projects that require bidding according to the management laws of industries and fields.
- The points for evaluation of investment efficiency in industry and sector development of the business investment project for rest stop facilities in Vietnam are determined by the minimum value in cash paid to the state budget as stipulated in Annex I issued together with Circular 16/2024/TT-BGTVT.
- The method for determining the minimum value in cash paid to the state budget is calculated as follows:
GTTN = n x (V : 49)
In which:
GTTN: The minimum value in cash paid to the state budget
n: duration of operation, management, business of the projects or infrastructure systems determined according to the announced information on the duration and progress of the project implementation.
V: the value paid to the state budget for projects with a 49-year land lease term, calculated according to the formula provided in Annex II issued together with Circular 16/2024/TT-BGTVT.
See more Circular 16/2024/TT-BGTVT, effective from June 1, 2024.
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