This Law defines the public - private partnership investment is an investment approach carried out by the fixed-term cooperation between the state and a private investor through conclusion and execution of a PPP agreement in order to call for their involvement in a PPP project.
Sectors permitted for PPP investment include:
+ Traffic and transportation (1);
+ Electrical grid, power plants, except hydropower plants and those subject to the state monopoly requirement as provided in the Law on Electricity (2);
+ Water resources; supply of clean water; water drainage and wastewater treatment; waste disposal (3);
+ Healthcare; education – training (4);
+ Information technology infrastructure (5).
Minimum investment capital requirements for PPP projects in specific sectors are prescribed as follows:
- Not less than VND 200 billion for PPP projects in sectors like (1), (2), (3) and (5).
Minimum investment capital of PPP projects to be executed in areas facing socio-economic difficulties or extreme socio-economic difficulties prescribed in laws on investment is VND 100 billion.
- Not less than VND 100 billion for PPP projects in such sectors as: healthcare and education – training.
Public – Private Partnership Investment Law are entering into force on January 1, 2021.
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