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Official Gazette

Saturday, August 13, 2022

Open bidding to be applied to select golf course project executors

Updated: 14:00’ - 28/07/2022
Chairpersons of provincial-level People’s Committees would decide to organize open bidding to select investors for implementation of golf course projects if there are two or more investors meeting preliminary requirements on capacity and experience.

Heron Lake Golf Course & Resort, Vinh Phuc province__Photo: Internet

Such is proposed by the Ministry of Planning and Investment in a draft circular guiding the selection of investors to implement golf course projects under Decree 52 of 2020.

Under the draft, in case only one investor registers for participation in the bidding and meets preliminary requirements on capacity and experience or only one investor among those having registered satisfies the capacity and experience requirements, competent agencies would carry out procedures for approval of the investor in accordance with the law on investment.

Bidding for selection of golf course project investors would be organized in case of impossibility to organize auction of land use rights in accordance with the land law. Besides, projects opened for bidding must be on the list of projects involving land recovery approved under the land law and implemented in land areas currently managed and used by the State and would be allocated and leased to approved investors by competent authorities. The list of golf course projects opened for bidding would be published on the National Bidding Network.

Regarding criteria for evaluation of bid dossiers, under the draft, for  a bidder being a joint venture, the investor acting as the leader of the joint venture must possess an  equity ratio of at least 30 percent, while each member in the joint venture would possess a minimum equity ratio of 15 percent.- (VLLF)


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