Promote the implementation of documents on investment under the model of public-private partnership in Vietnam

Promote the implementation of documents on investment under the model of public-private partnership in Vietnam

The Prime Minister has issued Directive No. 30/CT-TTg on accelerating the implementation of legal documents on investment in the form of public-private partnership and bidding to select investors.

The Law on Investment in Public Private Partnership (PPP Law) was approved by the XIV National Assembly at its 9th session (effective from January 1, 2021).

Develop and promote public-private partnerships projects

Pursuant to the provisions of the PPP Law, the Government issued Decree No. 35/2021/ND-CP dated March 29, 2021 detailing and guiding the implementation of the PPP Law.

In addition, the Government issued Decree No. 31/2021/ND-CP dated March 26, 2021 detailing and guiding the implementation of a number of articles of the Investment Law in 2020, including amendments and supplements of a number of articles of the Government’s Decree No. 25/2020/ND-CP dated February 28, 2020 detailing the implementation of a number of articles of the Bidding Law on investor selection.

The promulgation of the above documents, along with the implementation of other relevant documents in recent years, have created a synchronous and stable legal framework for attracting investment from the private sector to projects on socio-economic infrastructure development, providing public services, especially projects on construction of transport infrastructure, energy, urban infrastructure, wastewater and garbage treatment, etc.; at the same time, improve transparency, competition and economic efficiency in selecting investors to implement investment projects using land and effectively using land resources.

However, the implementation of legal documents on PPP investment and investor selection bidding still has some limitations. Regulations on bidding to select investors in a number of specialized fields have not been issued in a timely manner; The formulation, approval and publication of a list of investment projects using land according to the requirements specified in Decree No. 25/2020/ND-CP has not been carried out in a proactive, timely, effective and secure manner, leading to confusion and problems in determining the form of investor selection and carrying out the procedures for approving investment policies.

Some ministries, branches and localities have not really drastically implemented online bidding according to the schedule specified in Resolution No. 01/NQ-CP dated January 1, 2021 of the Government.

The organization of propaganda and awareness raising for the community has not been effective, leading to a lack of consensus in understanding and organizing the implementation of the public-private partnership project and bidding activities to select investors for land-using projects, projects in specialized and socialized fields.

In order to continue to improve and accelerate the implementation of policies and laws on PPP investment and investor selection bidding, the Prime Minister requests ministers, heads of ministerial-level agencies and heads of agencies Government agencies, chairpersons of People’s Committees of provinces and centrally run cities, and relevant organizations shall focus on directing the synchronous and effective implementation of tasks.

Ministries, sectors and localities shall strengthen the application of information technology in bidding for investor selection, and step up the implementation of the investor selection bidding roadmap on the National Procurement Network under the guidance of the Ministry of Planing and Investment; strictly implement the posting of information according to regulations for PPP projects, investment projects using land to optimize investor selection online, expand the audience to access information to investors. potential domestic and international investment; strengthen the organization of inspection, examination, supervision and monitoring of the implementation of the law on investor selection in order to promptly detect violations and handle them in accordance with regulations; strictly comply with regulations on reporting information on handling of violations by investors, and send it to the Ministry of Planning and Investment for publication.

In addition, proactively allocate resources, diversify forms of training and retraining to improve professionalism in PPP investment and investor selection bidding for the contingent of cadres and civil servants; coordinate with the Ministry of Planning and Investment in strengthening the dissemination and propagation of regulations on investment under the model of public-private partnership and bidding for investor selection to the business community, investors, financial institutions.

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