Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
On 26 November 2013, the National Assembly of the Socialist Republic of Vietnam approved a new Law No. 43/2013/QH13 on Tendering (the “New Law on Tendering”). The New Law on Tendering will enter into force on 1 July 2014 and will repeal as from that date Law No. 61/2005/QH11 on Tendering as amended (“Law 61”), as well as a number of articles relating to public tendering under the Law No. 16/2003/QH11 on Construction. The aim of the changes is to clarify previously overlapping or imprecise texts, and to promote transparency and competitiveness in the field of public procurement.
Implementing regulations of the New Law on Tendering are expected to be issued in the coming months.
This Client Alert highlights the most significant changes introduced by the New Law on Tendering from the perspective of foreign bidders.
