Headlines 20/03/2015 13:52 CH

New guidelines for selection of investors

Ms. Diễm My

On March 17, 2015, the Government promulgated Decree No. 30/2015/NĐ-CP on guidelines for some Articles on investor selection of the Law on Investment.
According to the Decree:

- Investors in PPP projects and projects using land shall be selected by open international bidding, except for the following cases:

+ Open domestic bidding

+ Appointment of investors according to Clause 4 Article 22 of the Law on Investment 2013.

- Cases of open domestic bidding:

+ The fields in which foreign investment is restricted by Vietnam Law or international agreements to which Vietnam is a signatory.

+ Foreign investors do not participate in the pre-qualification or fail the pre-qualification.

+ PPP projects of Group C according to regulations of law on public investment.

+ Projects using land in which the preliminary total investment is below VND 120 billion.

This Decree comes into force on May 05, 2015.
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