Hogan Lovells PPP Alert - Vietnam approves its much anticipated Public-Private Partnership framework legislation
22 November 2010
On 9 November 2010 Vietnam's Prime Minister Nguyen Tan Dung issued the much anticipated legal framework for Public-Private Partnership (PPP) in Vietnam. Promulgated as Decision No. 71/2010QD-TTg (Regulation on pilot investment using Public-Private Partnership model), this "PPP Framework" will take effect on 15 January 2011 and is expected promote the development of PPP projects in Vietnam for the next three to five years. Vietnam's Ministry of Planning and Investment (MPI) lead the development of the PPP Framework with the goal of improving the legal basis for investments in Vietnam's infrastructure on a PPP basis.
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