New law on public-private partnership investment

On June 18 2020, the National Assembly of Viet Nam (NA) passed the law on public-private partnership (PPP) investment. Comprising 11 chapters with 101 articles, the law regulates investment activities and private investment attraction in some important and essential infrastructure areas under the PPP model. The law aims to create a sufficiently strong legal corridor for relevant parties to fulfill their obligations in PPP contracts. The law focuses on five essential areas: transport; power grid and plants; irrigation, clean water supply, water drainage, and wastewater and waste treatment; healthcare and education – training; and information technology infrastructure.

• Type:

  • Treatment and operation (Other)

• Industry:

  • Services (Electricity, gas, steam and air conditioning supply, Water supply, sewerage, waste management and remediation activities, Transportation and storage, Telecommunications, Education, Human health activities)

• Sources:

  • Online Newspaper of the Government of the Socialist Republic of Viet Nam, National Assembly adopts law on public-private partnership investment, http://news.chinhphu.vn/Home/National-Assembly-adopts-law-on-publicprivate-partnership-investment/20206/40497.vgp, 19 Jun 2020
  • Duane Morris, Vietnam - The National Assembly incorporated duane morris’s recommendations into Vietnam’s first ever law on investment in the form of public-private partnership (PPP), https://www.lexology.com/library/detail.aspx?g=dda64964-fa50-4845-b756-35d7c8b68f8c, 09 Jul 2020