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Consolidated Law on Public-Private Partnership (PPP) Investment

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Based on:Văn bản hợp nhất số 81/VBHN-VPQH; Luật Đầu tư theo phương thức đối tác công tư số 64/2020/QH14; Luật số 03/2022/QH15; Luật Tài nguyên nước số 28/2023/QH15; Luật Đường bộ số 35/2024/QH15; Luật số 57/2024/QH15; Luật số 90/2025/QH15; Luật Công nghệ cao số 133/2025/QH15; Luật Phục hồi, phá sản số 142/2025/QH15 - Government Official Gazette

This explanation was generated by AI and checked by an automated AI review, not by a human expert. It is not legal, tax or accounting advice and may contain errors. Check the official document before you rely on it.

Consolidated Document No. 81/VBHN-VPQH consolidates the Law on Public-Private Partnership Investment No. 64/2020/QH14 (effective 1 January 2021) together with 7 amending laws: Law 03/2022/QH15, Law on Water Resources 28/2023/QH15, Law on Roads 35/2024/QH15, Law 57/2024/QH15, Law 90/2025/QH15, Law on High Technology 133/2025/QH15, and Law on Rehabilitation and Insolvency 142/2025/QH15. The Law governs the full PPP investment cycle - from project preparation and investor selection, through contracting (BOT, BTO, BOO, O&M, BTL, BLT, BT and mixed contracts), to implementation, audit, and contract termination. This is a legal instrument for large-scale infrastructure investment (transport, health, education, energy, and other public investment sectors) and is not directly relevant to the routine tax obligations of SMEs.

Scope

Consolidated Document No. 81/VBHN-VPQH (published in Official Gazette No. 203, dated 10 April 2026) consolidates the Law on Public-Private Partnership Investment No. 64/2020/QH14 and 7 amending laws. The Law governs PPP investment activities, state management, and the rights, obligations, and responsibilities of relevant agencies, organisations, and individuals.

Key provisions

Laws consolidated:

  1. Law No. 64/2020/QH14 dated 18 June 2020 - base law, effective 1 January 2021
  2. Law No. 03/2022/QH15 dated 11 January 2022 - effective 1 March 2022
  3. Law on Water Resources No. 28/2023/QH15 dated 27 November 2023 - effective 1 July 2024
  4. Law on Roads No. 35/2024/QH15 dated 27 June 2024 - effective 1 January 2025
  5. Law No. 57/2024/QH15 dated 29 November 2024 - effective 15 January 2025
  6. Law No. 90/2025/QH15 dated 25 June 2025 - effective 1 July 2025
  7. Law on High Technology No. 133/2025/QH15 dated 10 December 2025 - effective 1 July 2026
  8. Law on Rehabilitation and Insolvency No. 142/2025/QH15 dated 11 December 2025 - effective 1 March 2026

Core content of the PPP Law:

  • Scope: investment in construction of works, infrastructure systems, and provision of public services
  • PPP contract types: BOT, BTO, BOO, O&M, BTL, BLT, BT, and mixed contracts
  • Process: pre-feasibility and feasibility studies, investor selection, contract execution, implementation, audit, and contract termination
  • Applies to: parties to PPP contracts, state management agencies, and related organisations and individuals

Effective date

The base Law No. 64/2020/QH14 took effect on 1 January 2021. Amendments took effect per each respective amending law. The consolidated document was published in Official Gazette No. 203 on 10 April 2026.

Văn bản hợp nhất số 81/VBHN-VPQH; Luật Đầu tư theo phương thức đối tác công tư số 64/2020/QH14; Luật số 03/2022/QH15; Luật Tài nguyên nước số 28/2023/QH15; Luật Đường bộ số 35/2024/QH15; Luật số 57/2024/QH15; Luật số 90/2025/QH15; Luật Công nghệ cao số 133/2025/QH15; Luật Phục hồi, phá sản số 142/2025/QH15Effective: January 1, 2021