03 SUBJECTS ENTITLED TO INCENTIVES IN SELECTION OF INVESTORS FOR PPP PROJECTS
On March 29, 2021, the Government issues the Decree No. 35/2021/ND-CP detailing and guiding the implementation of a number of articles of the Law on Investment in the Form of Public-Private Partnership.
Specifically, subjects entitled to incentives in selection of investors to implement PPP projects include:
Firstly, investors that have their project proposal dossiers approved shall be entitled to 5% preferential rate when their bid dossiers are evaluated;
Secondly, investors that have commitments to use domestic contractors for projects with the job value accounting for 25% or more of the total investment amount of the projects shall be entitled to 3% preferential rate when their bid dossiers are evaluated;
Thirdly, investors participating in the international investor selection that have commitments to use domestic goods, supplies, material and equipment to perform projects with value accounting for 25% or more of the total investment amount of the projects shall be entitled to 2% preferential rate when their bid dossiers are evaluated.
Besides, the contract performance security value shall be stated in the bidding dossier and range from 1.5% to 3% of the project’s total investment amount, for projects with a total investment amount up to VND 300 billion. For projects with a total investment amount above VND 300 billion, the contract performance security value shall be stated in the bidding dossier and range from 1% to 1.5% of the project’s total investment amount.
This Decree takes effect from the signing date.
