On October 10, 2025, the Ministry of Finance of Vietnam promulgated Decision No. 3453/QD-BTC on announcement of amended administrative procedures in the fields of public-private partnership (PPP) investment and bidding for investor selection within the Ministry of Finance of Vietnam's scope of management.
According to the Decision, the procedures for preparing an investment project proposed by an investor shall be as follows:
(i) For projects subject to investment policy decision:
Step 1: The investor submits a written proposal to implement the PPP project to the competent authority, either in person or by post.
Step 2: The competent authority reviews and issues a written response approving or disapproving the investor’s preparation of the pre-feasibility study report and report on the investment policy proposal.
(ii) For projects not subject to investment policy decision:
Step 1: The investor submits a written proposal to implement the PPP project to the competent authority, either in person or by post. In case of proposing the application of the project implementation procedure specified in Clause 4 Article 11 of the PPP Law, the investor must explain the grounds for such application.
Step 2: The competent authority reviews and issues a written response approving or disapproving the investor’s preparation of the feasibility study report.
Method of implementation: In person or by post.
Composition of the dossier for preparing an investment project proposed by an investor:
- Written approval for the investor’s project proposal, including:
+ Name of the investor preparing the project proposal dossier.
+ Deadline, place of submission of the project proposal dossier, and unit receiving the investor’s dossier.
+ Regulations on the investor’s responsibility for bearing all costs and risks in case the project proposal dossier is not approved, and the handling principles in cases where the proposing investor is not selected.
+ Responsibilities and methods of cooperation among relevant agencies in guiding the investor to prepare the project proposal dossier.
+ Other relevant contents.
Number of dossiers: 1 set.
Processing time: Within 5 working days from receipt of the investor's written proposal for project implementation.
See more details in Decision No. 3453/QD-BTC effective as of October 10, 2025.
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