What is a PPP project? What is trực tiếp bóng đá euro hôm nay process of implementing a PPP project in Vietnam?

Hello, Lawnet would like to answer as follows:

1. What is a PPP project?

According to Clause 9, Article 3 of trực tiếp bóng đá euro hôm nayLaw on Public – Private Partnership Investment 2020, PPP project is a set of proposals related to trực tiếp bóng đá euro hôm nay investment to provide public products and services through trực tiếp bóng đá euro hôm nay implementation of one or trực tiếp bóng đá euro hôm nay following activities:

- Construction, operation and business of infrastructure works and systems;

- Renovation, upgradation, expansion, modernization, operation and business of available works and systems;

- Operation and business of available infrastructure works and systems.

Investment sectors according to trực tiếp bóng đá euro hôm nay PPP method in Vietnam

According to trực tiếp bóng đá euro hôm nay provisions of Clause 1, Article 4 of trực tiếp bóng đá euro hôm nayLaw on Public – Private Partnership Investment 2020, PPP investment sectors, including:

(1)Transportation;

(2)Power grids, power plants, except hydropower plants and those subject to trực tiếp bóng đá euro hôm nay state monopoly requirement as provided in trực tiếp bóng đá euro hôm nay Law on Electricity;

(3)Water resources and irrigation; clean water supply; water drainage and wastewater treatment; waste management and disposal;

(4)Healthcare; education – training;

(5)Information technology infrastructure.

Investment scale of PPP project in Vietnam

According to Clause 2, Article 4 of trực tiếp bóng đá euro hôm nayLaw on Public – Private Partnership Investment 2020, minimum investment capital requirement for a PPP project shall be prescribed as follows:

- trực tiếp bóng đá euro hôm nay minimum capital requirement of not less than VND 200 billion shall be imposed on projects in trực tiếp bóng đá euro hôm nay sectors specified in points a, b, c and dd of clause 1 of this Article.

- trực tiếp bóng đá euro hôm nay minimum capital requirement of not less than VND 100 billion shall be imposed on trực tiếp bóng đá euro hôm nay projects in trực tiếp bóng đá euro hôm nay sectors specified in point d of clause 1 of this Article;

- Regulations on trực tiếp bóng đá euro hôm nay minimum capital requirement laid down in point a and b of this clause shall not apply to O&M projects.(O&M contract means trực tiếp bóng đá euro hôm nay contract under which a PPP project investor or enterprise is assigned trực tiếp bóng đá euro hôm nay right to operate and manage part or trực tiếp bóng đá euro hôm nay whole of existing infrastructure works and systems within a predetermined term; upon expiry of such term, trực tiếp bóng đá euro hôm nay PPP project investor or enterprise terminates trực tiếp bóng đá euro hôm nay contract according to Point d of Clause 1, Article 45 of trực tiếp bóng đá euro hôm nayLaw on Public – Private Partnership Investment 2020)

Note: In case where projects are executed in areas facing socio-economic difficulties or extreme socio-economic difficulties under trực tiếp bóng đá euro hôm nay provisions of laws on investment, they must meet trực tiếp bóng đá euro hôm nay minimum capital requirement of not less than VND 100 billion;

How are PPP projects classified?

According to trực tiếp bóng đá euro hôm nay provisions of Clause 3, Article 4 of trực tiếp bóng đá euro hôm nayLaw on Public – Private Partnership Investment 2020, PPP projects shall be classified by trực tiếp bóng đá euro hôm nay jurisdiction to issue investment policy decisions, including:

- PPP projects falling under trực tiếp bóng đá euro hôm nay National Assembly’s delegated authority to grant investment policy decisions;

- PPP projects falling under trực tiếp bóng đá euro hôm nay Prime Minister's delegated authority to issue investment policy decisions;

- PPP projects falling under trực tiếp bóng đá euro hôm nay authority to grant investment policy decisions delegated to Ministers, heads of central authorities and other entities specified in clause 1 of Article 5 in this Law;

- PPP projects falling under trực tiếp bóng đá euro hôm nay authority to grant investment policy decisions delegated to provincial People’s Councils.

Thus, a PPP project is a form of public-private partnership to develop infrastructure through mobilizing resources from trực tiếp bóng đá euro hôm nay private sector. At trực tiếp bóng đá euro hôm nay same time, PPP projects specify trực tiếp bóng đá euro hôm nay minimum scale, investment fields, and project classification according to trực tiếp bóng đá euro hôm nay authority to decide on investment policies.

2. What is trực tiếp bóng đá euro hôm nay process of implementing a PPP project in Vietnam?

According to Article 11 of trực tiếp bóng đá euro hôm nay Investment Law 2020 and guided by Article 23 ofDecree 35/2021/ND-CP, trực tiếp bóng đá euro hôm nay PPP project implementation process is prescribed as follows:

Implement investment projects according to trực tiếp bóng đá euro hôm nay public-private partnership (PPP) method

According to trực tiếp bóng đá euro hôm nay provisions of Clause 10, Article 3 of trực tiếp bóng đá euro hôm nay Investment Law 2020, public - private partnership investment refers to a form of investment carried out by trực tiếp bóng đá euro hôm nay fixed-term cooperation between trực tiếp bóng đá euro hôm nay state and a private-sector investor through conclusion and execution of a PPP project agreement in order to call for private sector involvement in a PPP project.

Unless otherwise provided in Clause 2 of this Article, trực tiếp bóng đá euro hôm nay PPP project process shall be prescribed as follows:

Step 1:Making and assessing pre-feasibility study reports, decisions on investment policies and project announcement;

Step 2:Making, evaluating feasibility study reports, and approving projects;

Step 3:Selecting investors;

Step 4:Establishing PPP project enterprises and concluding PPP contracts;

Step 5:Implementing PPP contracts.

ImplementPPP projects applying high technology

- For PPP projects using high technologies on trực tiếp bóng đá euro hôm nay list of high technologies prioritized for investment in development thereof under trực tiếp bóng đá euro hôm nay provisions of trực tiếp bóng đá euro hôm nay law regarding high technologies and using new technologies according to trực tiếp bóng đá euro hôm nay provisions of technology transfer law, PPP project process shall be subject to trực tiếp bóng đá euro hôm nay following regulations:

Step 1:Making and assessing pre-feasibility study reports, decisions on investment policies and project announcement;

Step 2:Selecting investors;

Step 3:Selected investors prepare feasibility study reports;

Step 4:Assessing feasibility study reports, and approving projects;

Step 5:Implementing steps prescribed at point d and dd of Clause 1 of this Article.

Implement PPP projects according to architectural plans

- In case trực tiếp bóng đá euro hôm nay PPP project has a work subject to architectural plan competition as prescribed by architecture laws:

Step 1. Research report on project feasibility

+ trực tiếp bóng đá euro hôm nay pre-feasibility study report must describe trực tiếp bóng đá euro hôm nay legality, necessity, selection method and relevant contents of trực tiếp bóng đá euro hôm nay competition as trực tiếp bóng đá euro hôm nay basis for issuance of trực tiếp bóng đá euro hôm nay decision on investment guidelines;

Step 2. Determine trực tiếp bóng đá euro hôm nay cost of architectural plan examination

+ trực tiếp bóng đá euro hôm nay costs of architectural plan competition shall be determined in accordance with applicable regulations of trực tiếp bóng đá euro hôm nay Ministry of Construction on projects funded by state budget and included in trực tiếp bóng đá euro hôm nay project’s total investment.

+ In case trực tiếp bóng đá euro hôm nay project is proposed by trực tiếp bóng đá euro hôm nay investor, trực tiếp bóng đá euro hôm nay investor shall be responsible for these costs.

Step 3. Organize competition for architectural plans

+ After trực tiếp bóng đá euro hôm nay decision on investment guidelines is issued, trực tiếp bóng đá euro hôm nay competent authority shall carry out trực tiếp bóng đá euro hôm nay competition in accordance with architecture laws:

- For projects under public investment plans that are considered to be converted into PPP projects, follow trực tiếp bóng đá euro hôm nay process of implementing investment projects under trực tiếp bóng đá euro hôm nay public-private partnership (PPP) method or deploying PPP projects applying high technology.

Thus, trực tiếp bóng đá euro hôm nay PPP project implementation process has similar main steps but has differences depending on trực tiếp bóng đá euro hôm nay specific type of project.

Best regards!

Key word: PPP project | in Vietnam | public-private partnership | PPP method |

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