[Vietnam Update] New PPP Decree to come into effect on 19 June

The Government of Vietnam issued the new Decree 63/2018/ND-CP on Investment in Form of Public-Private Partnerships (PPP) replacing the old PPP Decree 15/2015/ND-CP, which was viewed by many as nonfunctional.

The new Decree appears to remove the requirement for investors to obtain an investment registration certificate before establishing a PPP project company. It also contains procedures on converting existing public projects to PPP projects aside from other revised provisions. In tandem, the Investor Selection (Bidding) Decree is expected to be revised as well. Those who are engaged in infrastructure projects in Vietnam may want to review how to apply both new decrees in practice.

For more information, please contact Manfred Otto at  MOtto@duanemorris.com or any other lawyer you are regularly communicating with at Duane Morris.

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