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Vietnam: Risks must be identified in the PPP project feasibility study report

Duy Thịnh

15:17, 31/05/2019

Recently, the Ministry of Transport of Vietnam has issued Circuclar No. 19/2019/TT-BGTVT providing detailed guidance on investment fields and contents of feasibility study reports of public-private partnership investment projects in transport sector.

According to Circuclar No. 19/2019/TT-BGTVT of the Ministry of Transport of Vietnam, describing risks likely to incur during the entire life cycle of the project and assessing the level of impacts caused by these risks on the project as the basis for distribution of risks in a reasonable manner and in conformity with legislative regulations to regulatory authorities and investors, and concurrently proposing risk minimization solutions and responsibilities for risk management shared between involved parties during the project implementation period.

Major risks of the project include:

- Legal risks, social risks;

- Land-use rights risks, environmental risks;

- Design, construction, engineering, technological and production risks;

- Financial risks, risks in macroeconomic situations;

- Market demand risks;

- Operational risks;

- Contract termination risks;

- Other risks (if any).

View more details at Circuclar No. 19/2019/TT-BGTVT of the Ministry of Transport of Vietnam, effective from July 10, 2019.

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