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ARTICLE · 04 SEPTEMBER 2020

New Draft Decree – Regulations Implementing The PPP Law 2020

Duane Morris LLP
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Vietnam's first uniform Public-Private Partnership Law (the "PPP Law") was recently passed by the National Assembly, effective from 1 January 2021.

United StatesGovernment, Public Sector
Duane Morris
Duane Morris
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Vietnam's first uniform Public-Private Partnership Law (the "PPP Law") was recently passed by the National Assembly, effective from 1 January 2021.

Whilst the new law provides a much needed legislative framework for the facilitation of PPP investment, it is not without criticism and several drafting uncertainties present potential concerns for developers and lenders alike.

A recently published draft decree serves to clarify such uncertainty, providing further guidance in several key regulatory areas.1

Eligible Project Sectors and Investment Size

The PPP Law introduced several general eligible sectors for PPP investment (e.g. Transport, Power, Water, Waste, Healthcare, Education and Training, IT) but did not provide further guidance on the specific sub-sectors or investment amounts pertaining to each.2 The draft decree confirms the following:3

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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