Vietnam | New PPP legal framework issued

On 14 February 2015, the Government of Vietnam (the « Government ») issued the long-awaited Decree No. 15/2015/ND-CP on Investment in the Public Private Partnership Form (the « PPP Decree »), which came into effect on 10 April 2015. It was shortly after followed by Decree No. 30/2015/ND-CP dated 17 March 2015 on the implementation of the Law on Tendering regarding selection of investors, which is due to enter into force on 5 May 2015 (the « Investors Selection Decree » and, together with the PPP Decree, the « New PPP Legal Framework »).

The New PPP Legal Framework will replace the existing Public Private Partnership (« PPP ») regulations in Vietnam, which comprises Decree No. 108/2009/ND-CP on Build-Operate-Transfer Projects (as amended) (« Decree 108 ») and Decision No. 71/2010/QD-TTg on Pilot PPP Projects (« Decision 71 »).