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Official Gazette

Wednesday, October 17, 2018

SOEs to take part in PPP projects

Updated: 14:37’ - 23/07/2014

Most state-owned enterprises (SOEs) are undergoing equitization so they should not be banned or restricted from taking part in public-private partnership (PPP) projects, said Deputy Prime Minister and Head of the Steering Committee on PPP Hoang Trung Hai at a regular meeting of the steering committee.

He requested the steering committee to speed up the implementation of 10 potential PPP projects and the Ministry of Planning and Investment to supervise and report the implementation results to the steering committee.

Regarding contents of a future decree regulating investment in the PPP form, the Deputy Prime Minister agreed with the direction of such decree providing framework provisions, noting that special cases would be reported to the Prime Minister for consideration and decision.

He agreed with plans on use of state capital to implement projects proposed by investors, like those proposed by competent state agencies, without any limitation on proposed contents.

He also gave a nod to investors that propose projects themselves to make feasibility study reports. Competent state agencies will have to appraise and approve such projects.

The new regulation will include no specific provisions on the application of foreign laws in investment guarantee and support and guarantee for loans and minimum turnover.

The Government will only satisfy foreign-currency needs of key projects under its investment plans and programs.-


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