ARTICLE · 18 DECEMBER 2023

Technical Update - Legal Update September 2023

KPMG

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On 23 June 2023, the National Assembly of Vietnam adopted Law No. 22/2023/QH15 on Bidding ...

VietnamConsumer Protection

1. New Bidding Law

On 23 June 2023, the National Assembly of Vietnam adopted Law No. 22/2023/QH15 on Bidding ("Bidding Law 2023"), which will take effect from 1 January 2024 and supersede the Law No. 43/2013/QH13 on Bidding (as amended from time to time, herein referred to as "Bidding Law 2013"). We set out below a number of key changes in the Bidding Law 2023:

a) Expansion and clarification on application scope

i. In addition to the bidding activities of State-owned enterprises as governed under the Bidding Law 2013, the Bidding Law 2023 has been extend to now include the activities of enterprises which are 100% owned by a State-owned enterprise(s).

ii. The Bidding Law 2023 provides a clearer scope of regulation for the selection of investors to implement investment projects, which includes (A) investment projects using land which require bidding as prescribed by applicable land laws, and (B) investment projects which require bidding for the

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