New Text Notification

Vietnam: New regulations on procedures for undertaking PPP projects

10:05, 09/05/2018

On May 04, 2018, the Government of Vietnam issued the Decree No. 63/2018/NĐ-CP on the investment in the form of Public-Private Partnerships (PPP), in which there are notable contents on capital source and procedures for undertaking PPP projects.

Specifically, according to the Decree No. 63/2018/NĐ-CP of Vietnam’s Government, the procedures for undertaking PPP projects shall follow the following steps:

- Making and appraising pre-feasibility study report, approving project investment proposal and announcing the project;

- Making, appraising and approving feasibility study report; (With regard to group C projects, pre-feasibility study report and approval for project investment proposal are not required to be made or appraised, but the project must be announced once the feasibility study report is approved.)

- Selecting preferred bidder;

- Negotiating, establishing special purpose entity (if any), and concluding project contract;

- Undertaking the project;

- Preparing the final account and transferring the facilities.

View more details at Decree No. 63/2018/NĐ-CP of Vietnam’s Government effective from June 19, 2018, replacing the Decree No. 15/2015/NĐ-CP.

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