Full Text of the 2020 Public-Private Partnership Investment Law Now Available

Le Hai

14:33, 10/07/2024

On June 19, 2020, the 14th National Assembly officially passed the Public-Private Partnership Investment Law 2020 at its 9th session.

This Law stipulates the conditions for a PPP project enterprise to issue private bonds as follows:

- The capital raised through bond issuance must not exceed the loan amount specified in the PPP project contract;- The capital raised through bond issuance must not be used for any purpose other than implementing the project according to the PPP project contract or for the restructuring defined in the PPP project contract;- The PPP project enterprise must open an escrow account to receive funds for purchasing bonds. The disbursement of funds from bond issuance must be carried out in accordance with the project regulations.

For details, see The Law on Investment in the form of Public-Private Partnership 2020 effective from January 01, 2021.

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