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Wednesday, August 5 2020
Tiếng Việt
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Date 12/05/2017-15:25:00 PM
Promoting Vietnam – Hong Kong cooperation and investment
(MPI) – On May 10th 2017, at the headquarters of the MPI, Deputy Minister Nguyen Van Trung had a meeting with Hong Kong Trade Development Council (HKTDC) led by Mr. Vicent Lo, Chairman of HKTDC visiting and working in Vietnam to look for infrastructural projects in the form of public – private partnership (PPP).

Whole scene of the meeting. Photo: Duc Trung (MPI)

Speaking at the meeting, representative of the Public Procurement Agency of the MPI presented overview of PPP legal framework and prioritized projects. Based on Law on Construction, Law on Investment, Law on Public investment and Law on Bidding, the Government promulgated Decree No. 15/2015/ND-CP dated February 14th 2015 on PPP investment form and Decree No. 30/2015/ND-CP dated March 17th 2015 guiding the implementation of a number of Articles on investor selection of the Law on Bidding. Following them, the MPI also promulgated Circular No. 02/2016/TT-BKHDT dated March 1st 2016 guidance on premilinary project selection, establishment, appraisal and approval for project proposal and feasibility study report on investment project under form of PPP; Circular No. 06/2016/TT-BKHDT dated June 28th 2016 guiding a number of articles of Decree No. 15/2015/ND-CP and Circular No. 15/2016/TT-BKHDT dated September 29th 2016 guiding pre-qualification document, bidding documents on selection of investors carrying PPP projects.

Besides such traditional types of PPP contract as BOT, BTO, BT, Decree No. 15/ND-CP defines some more types of that, including: Build – Own – Operate (BOO), Build – Transfer – Lease (BTL), Build – Lease – Transfer (BLT), Operate – Manage (O&M). Vietnam Government prioritizes PPP projects in terms of transportation, urban, electricity, socio infrastructure buildings (education, health…), trade infrastructure buildings, industrial zones, agriculture…

At the meeting, representatives of HKTDC and Hong Kong businesses paid attention to the PPP legal framework of Vietnam and desired to invest in large transport infrastructure projects of Vietnam in the form of PPP such as North – South Expressway with the total length of 1,372 kilometres, dividing into a number of sub-projects, including the part of Ninh Binh – NH45 (Thanh Hoa), a part of NH45 – Nghi Son (Thanh Hoa), the axis along the Red River from Thuong Cat bridge to Thanh Tri bridge…

Deputy Minister Nguyen Van Trung said that North – South Expressway will be submitted to the National Assembly and Government soon to be approved investment policy and desired to attract more foreign investors investing in the form of PPP. The MPI is ready to collaborate and create the most favorable for the investors.

Director General of FIA Do Nhat Hoang and Vice Chairman of HKTDC Raymond Yip signing the MoU. Photo: Duc Trung (MPI)

At the meeting, Mr. Do Nhat Hoang, Director General of Foreign Investment Agency and Mr. Raymond Yip, Vice Chairman of HKTDC signed the Memorandum of Understanding (MoU) between the FIA and HKTDC under the witness of Deputy Minister Nguyen Van Trung and Chairman of HKTDC Vicent Lo in order to strengthen bilateral cooperation on the basis of their best andeavors to promote investment between Vietnam and Hong Kong, regularly exchange lastest market intelligence related to market potential of their respective economy, promote business conferences or visits to Hong Kong and Vietnam./.

Nguyen Huong
Ministry of Planning and Investment

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