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Vietnam’s new rules on the selection of investors for PPPs − 2013 Law on Public Procurement takes effect

July 2014

Vietnam’s Law 43/2013/QH13 on Public Procurement (“LOPP”), passed in November 2013, came into effect on 1 July 2014. A significant update to the 2005 Law on Public Procurement, the new law includes provisions on the selection of investors for public-private-partnerships (“PPPs”). Previously, the Law on Public Procurement only applied to the selection of contractors for projects that had at least thirty percent (30%) state investment. As the level of state investment is often not clear at the tendering stage, there was often confusion on the rules relating to the selection of investors for PPPs. The LOPP now clarifies that it will apply to all PPPs.
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