• Draft PPP Regulations
  • September 6, 2010 | Authors: Kevin B. Hawkins; Dao Nguyen
  • Law Firm: Mayer Brown JSM Vietnam Limited - Ho Chi Minh City Office
  • Vietnam has an urgent need to upgrade and develop its infrastructure. However, having attained middle income status, the nation is likely to receive less official development assistance in the coming years. The Government is now turning to public private partnerships (“PPP”) to bridge a funding gap for public projects, recognising that the existing BOT legislation designed to attract private funding should be supplemented by PPP legislation. After years of preparation, the Ministry of Planning and Investment (“MPI”) has finally drafted regulations on pilot infrastructure development PPP projects (“Draft PPP Regulations”) to submit to the Government for approval and issuance. These Draft PPP Regulations will be implemented for a trial period until replaced by the Government’s official regulations on the PPP form of investment.