PPP Decree to Be Finalised in August 2014

On July 16, the Ministry of Planning and Investment (MPI) and the Japan Bank for International Cooperation (JBIC) held the second high-level dialogue programme, with the main contents of building the legal framework and deploying public-private partnership (PPP) programme in Vietnam.

 

The new Decree on PPP will be quickly completed and submitted to the Government for approval in August 2014. The ruling is expected to be officially issued in the fourth quarter of this year. The biggest objective of the decree is to strongly draw investment capital, specially foreign direct investment (FDI), encourage private investment, shorten process for small projects, particularly in agriculture and rural areas. The decree also covers competitive bidding, policy publicity and shortened timeframe for price negotiation.