Vietnam drafting law to revitalize build-transfer investment projects
The Vietnamese government is considering reviving Build-Transfer (BT) projects as a means to attract investment and stimulate economic development.
A draft law to amend and supplement four key pieces of legislation – the Planning Law, Investment Law, Law on Investment under the Public-Private Partnership (PPP) model, and the Bidding Law – is being finalized by the Ministry of Planning and Investment with the aim of reviving Build-Transfer (BT) projects.
BT projects is a common PPP one that has been on hiatus since 2021 due to concerns over legal loopholes that have led to difficulties and irregularities. Recently, the National Assembly has permitted three localities, namely HCMC, Hanoi, and Nghe An Province, to pilot the resumption of such projects.
Translated by Thanh Tam
