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On 9 November 2010 the Government of Vietnam introduced legislation which creates a legal framework for the introduction of Public Private Partnerships (PPP) in Vietnam .
The “Regulations on pilot investment under the form of public private partnerships” (“PPP Regulations”) will become effective on 15 January 2011 and form the basis upon which investment in a pilot programme of PPP projects will be introduced in various sectors from infrastructure through to the provision of public services.
The first pilot project, the 14.3 trillion-VND highway linking Dau Giay with Phan Thiet city, has already commenced with Binh Minh Import-Export Production and Business Limited Liability Company (Bitexco) and the International Finance Corporation (IFC) as initial investors, with the third investor expected to be selected via an international competitive tendering process.

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