The new PPP Decree (No. 15/2015/ND-CP) was issued on 14 February 2015 and will be effective from 10 April 2015. Major changes are in line with the draft decree described in our previous article.

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In a nutshell, the new PPP Decree 15 provides a number of changes, including:

  • More PPP projects forms (e.g., BOO, BTL, BLT, O&M)
  • Removal of the cap on State equity participation
  • Forms of viability gap funding
  • Incentives in the tendering process to investors with approved feasibility studies or project proposals
  • Choice of foreign law and dispute settlement
  • Government guarantees and other incentives
  • Online publication of PPP project status