Five Conditions for Qualified PPP Projects

Source: Pano feed

The Government recently issued a decree on investment in the form of public-private partnership (PPP). According, qualified PPP projects must meet five conditions.

Firstly, a PPP project should be consistent with development master plans of the relevant sector and the region and socioeconomic development plans of the area where the project is to be carried out. Secondly, the project must meet legal conditions relevant to the field of investment. Thirdly, the project must be capable of attracting and utilising the investor’s capital, technology and management experience. Fourthly, the project must be capable of supplying products and services continuously at stable quality and meeting the needs of consumers. Fifthly, the project must have a minimum investment capital of VND20 billion, excluding those in the form of Operations and Maintenance (O&M) and those operating in agricultural and rural infrastructure, and production services related to agricultural product processing and consumption.

Projects not listed on development plans of sectors and regions or local socioeconomic development plans require approval from central authorities, Provincial/Municipal People’s Committees or relevant bodies.

In addition, priority will be given to projects meeting the above requirements and have the ability to recovery capital from business activities.

Thu Ha

Đăng ký: VietNam News