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Official Gazette

Thursday, December 14, 2017

PPP regulations to be revised

Updated: 08:07’ - 24/07/2017
Deputy Prime Minister and Head of the Steering Committee on Public-Private Partnership (PPP) Investment Trinh Dinh Dung has recently assigned the Ministry of Planning and Investment (MPI) to collect opinions of ministries, sectors, localities and members of the Steering Committee on draft revisions to Government Decrees 15 and 30 of 2015, before finalizing and sending them to the Ministry of Justice for appraisal and submission to the Government in August.

Competent state agencies would announce the need for public works and services so that potential investors can easily and equally access information about these works and services__Photo: Internet

Competent state agencies would announce the need for public works and services so that potential investors can easily and equally access information about these works and services before deciding to balance their resources for participation in project bidding, the Deputy PM said.

Dung also assigned MPI to work with other ministries, sectors and localities in supporting the formulation of priority projects with the project development fund (PDF).

Ministries, sectors and provincial administrations will base themselves on the medium-term public investment capital plans and other resources to review the priority order of PPP projects calling for investment and seek solutions to attract investment according to market rules, ensuring publicity and transparency.

The Deputy PM delegated the State Bank of Vietnam (SBV) to work with MPI and the Ministry of Finance (MOF) in measuring credit facilities needed for PPP projects in the coming time and putting forward capital arrangement solutions.

MOF will work with MPI, SBV and Ministry of Transport in studying guarantee mechanisms for pilot application to a number of key transport PPP projects and a mechanism for use of state investment in PPP projects and reporting them to the Prime Minister in October.

MPI will guide other ministries, sectors and localities in updating information on the national bidding network and websites on PPP nationwide.

According to the Deputy PM, investment in the form of build-operate-transfer contracts has been carried out under Government Decree 77 dated June 18, 1997, which has been amended and supplemented several times to conform with international PPP investment practices.

However, the implementation of PPP projects is regulated by different laws, including the Law on the State Budget, Public Investment Law, Law on Enterprises, Land Law and Construction Law, leading to some problems of inconsistent and unclear provisions, including the difference between the concepts of PPP and “mobilization of social resources” for investment. Therefore, a government decree to unify all PPP regulations to ensure uniform implementation of PPP projects should be enacted as soon as possible.-(VLLF)
 

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