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Wednesday, December 30, 2020 8:09:47 PM
Long and short this company has money if they are participating in ppp bids as required by capital holdings. Look back at the PR’s and see the bids announced. 100’s of millions in deals.
Financials is just the start. All these projects take a tremendous amount of time and while covid is going on only slowed things down. Hence delays.
How it’s won “Contract award method: Competitive bidding”
This site provides known deals. VN Ministry of construction overseas the bids.
https://pppknowledgelab.org/countries/vietnam
The Vietnamese government has issued Decree 63/2018 (Decree 63) to replace Decree 15/2015 specifying the areas, investment conditions, and procedures for public-private partnership (PPP) projects in Vietnam. The major change is in the investor equity ratio for PPP projects, which has been increased to 20 percent. PPP is a form of investment that includes a project contract between a government agency and an investor for projects in construction, renovation, operation, business, management of infrastructure works, and provision of public services. Decree 63 will be in effect from June 19th, 2018.
Increase in the equity ratio
The investor equity ratio for PPP projects with a total investment of up to VND 1,500 billion (US$66 million), must not be lower than 20 percent of the total investment capital. Earlier the limit was 15 percent.
For PPP projects with a total investment of more than VND 1,500 billion (US$66 million), the investor equity ratio is split into two:
for capital up to VND 1,500 billion (US$66 million), the ratio must be at least 20 percent; and
for the remaining capital which is more than VND 1,500 billion (US$66 million), the ratio must be at least 10 percent of the remaining capital.
The investor equity ratio does not include the State capital, which is part of the PPP project. The State’s participation includes the capital contribution, investor payments, transfer of land and office space, transfer of business rights in case of BT projects, infrastructure, capital for construction of supporting work, compensation, site clearance, and resettlement.
For BT projects, additional requirements must be met as per Vietnamese laws on investment, construction, housing, and real estate business.
PPP Projects
Vietnamese government encourages PPP investments in projects such as:
Transportation;
Power plants, and power transmission lines;
Public lighting, water supply, drainage, wastewater treatment and waste collection;
Parks; houses, yards for cars, vehicles, machinery and equipment, cemetery;
Offices of state agencies, public housing, social housing, and resettlement housing;
Health, education, training, vocational training, sport; travel, science and technology, hydro-meteorology, IT applications;
Commercial infrastructure, urban areas, economic zones, industrial parks, industrial clusters, information technology parks, high-tech technical infrastructure, incubator facilities, technical facilities, and working areas to support small and medium enterprises;
Agriculture and Rural Development, services associated with production, processing, and consumption of agricultural products;
Other areas as decided by the Prime Minister.
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