On 14 February 2015, the Government of Vietnam (the "Government") issued the long-awaited Decree No. 15/2015/ND-CP on Investment in the Public Private Partnership Form (the "PPP Decree"), which came into effect on 10 April 2015. It was shortly after followed by Decree No. 30/2015/ND-CP dated 17 March 2015 on the implementation of the Law on Tendering regarding selection of investors, which is due to enter into force on 5 May 2015 (the "Investors Selection Decree" and, together with the PPP Decree, the "New PPP Legal Framework").
The New PPP Legal Framework will replace the existing Public Private Partnership ("PPP") regulations in Vietnam, which comprises Decree No. 108/2009/ND-CP on Build-Operate-Transfer Projects (as amended) ("Decree 108") and Decision No. 71/2010/QD-TTg on Pilot PPP Projects ("Decision 71").