Legal Update July/August 2003

Tendering
In June 2001, a draft of a new Ordinance on tendering was issued, based on Vietnam's Commercial Law, the Law on Foreign Investment in Vietnam (LFI) and Decree No.88/1999/ND-CP dated 1 September 1999 (Decree 88) as amended by Decree No. 14/2000/ND-CP dated 5 May 2000 (Decree 14). However, that Ordinance has not yet been issued and instead, Decree No. 66/2003/ND-CP dated 12 June 2003 (Decree 66) has been issued to further amend Decree 88 and Decree 14.

This article analyses the combined effect of Decree 88, Decree 14 and Decree 66 (together the Tendering Decrees) on types of tenders, selecting tenderers, dealing with foreign tenderers, and the conditions for international tenders.