Startup businesses that offer innovative products or products for use as substitutes for imported goods would be entitled to incentives when participating in bidding packages to supply goods or provide services other than consultancy services.
This is one of new regulations proposed in draft amendments to the 2013 Bidding Law prepared by the Ministry of Planning and Investment (MPI).
Under the draft, contractors that are businesses with at least 25 percent of their employees being female or war invalids and people with disabilities, small-sized enterprises, microenterprises, and startup businesses would be eligible for incentives when participating in national bidding for provision of consultancy, non-consultancy, construction and installation and mixed services.
As for goods supply bidding packages and mixed bidding packages for which bidding is organized on a national, intra-regional or international scale, contractors would enjoy incentives if domestic production cost accounts for 30 percent or more of production costs of the goods they supply.
Meanwhile, domestic contractors participating in bidding with independent or partnership status and foreign contractors entering into partnerships with domestic contractors or hiring domestic subcontractors with the latter undertaking at least 30 percent of the value of the bidding package would be entitled to incentives when participating in intra-regional or international bidding for provision of consultancy, non-consultancy, construction and installation, and mixed services.
The above-mentioned provisions on incentives would not apply in case treaties to which Vietnam is a contracting party or agreements between Vietnam and foreign donors provide otherwise.- (VLLF)