PPP projects must have investment of more than 4.4 million USD: NA deputies

The National Assembly (NA) Standing Committee reached a consensus on the investment scale of Public-Private Partnership (PPP) projects on April 20.
  • NA leader puts forward changes to ways of working
  • NA Standing Committee’s 44th session to open on April 20

The National Assembly (NA) Standing Committee reached a consensus on the investment scale of Public-Private Partnership (PPP) projects on April 20.

While discussing the draft law on PPP at their 44th session, legislators agreed that PPP projects in healthcare and education in remote and extremely disadvantaged areas must have a minimum investment of 100 billion VND (4.4 million USD).

PPP projects in other sectors and areas must have a minimum investment of 200 billion VND (8.8 million USD).

The PPP project investment scale is mentioned in Item 3, Clause 5 of the draft law.

NA Vice Chairman Phung Quoc Hien said the draft law must ensure consistency within the legal system but could still contain specific regulations to attract investment.

The legislators agreed to uphold the responsibilities of people who approved and assessed investment projects.

They said there should be a risk-sharing mechanism between the public and private sectors in case projects suffered falling profits due to changes to State policies.

VNA

Other News

Vietnam needs more modern, creative working class: Top leader

Vietnam needs more modern, creative working class: Top leader

Party General Secretary and State President To Lam urged the Vietnam Trade Union to reform more rapidly, deeply and substantively. It must work together with the State, enterprises and training facilities to improve workers’ professional qualifications, digital skills and adaptability.

Grand opening of 14th Vietnam Trade Union Congress for 2026–2031 term

Grand opening of 14th Vietnam Trade Union Congress for 2026–2031 term

VGCL President Nguyen Anh Tuan said achievements obtained over the past ternure reflect the close guidance of the Party, effective coordination among State agencies, local authorities, the Vietnam Fatherland Front and socio-political organisations, support from employers and, above all, the dedication and innovation demonstrated by trade union officials, members and workers across the country.

Prime Minister chairs Government's regular meeting for May

Prime Minister chairs Government's regular meeting for May

Prime Minister Le Minh Hung emphasised the need to further improve institutions and policy frameworks, develop digital infrastructure and data resources, and create the necessary conditions for science, technology, innovation and digital transformation to become new drivers of economic growth.

Official hails progress in Vietnam – RoK defence cooperation

Official hails progress in Vietnam – RoK defence cooperation

Deputy Prime Minister and Minister of National Defence General Phan Van Giang said that alongside the robust growth of relations between the two countries, defence cooperation has continued to develop extensively and intensively, becoming increasingly practical and effective.

Vietnam's First Lady visits disadvantaged children in Philippines

Vietnam's First Lady visits disadvantaged children in Philippines

Ngo Phuong Ly, spouse of Party General Secretary and State President To Lam, expressed her emotion at seeing the children’s optimism despite difficult circumstances, noting that both Vietnam and the Philippines place children at the centre of their development policies, from education, health care to child protection.

Top leader of Vietnam pays state visit to Philippines

Top leader of Vietnam pays state visit to Philippines

Party General Secretary and State President To Lam and his spouse are paying state visit to the Philippines from May 31 to June 1 at the invitation of President Ferdinand Romualdez Marcos Jr. and his spouse.