On the morning of 29 September 2022, Power Engineering Consulting Joint Stock Company 3 (PECC3) attended the “Conference on Prevention and Resolution of Disputes arising from Public-Private Partnership (PPP) Projects in Vietnam through Mediation and Arbitration” in Hanoi.
This event is part of a series of PPP seminars organized by the Vietnam International Arbitration Center (VIAC) in collaboration with the United States Agency for International Development (USAID) and the Vietnam Chamber of Commerce and Industry (VCCI) within the framework of the project “Technical assistance to enhance capacity, increase adaptability and sustainable development”.
The seminar had the participation of speakers from the Ministry of Planning and Investment, the Ministry of Justice, experts from VIAC, and guests from state management agencies and project management boards at central and local levels.
According to the speakers, the Law on Investment with respect to the Public-Private Partnership (PPP Law) is expected to be a solid legal foundation for the development of socio-economic infrastructure projects through PPP. The socio-economic context is favorable for the development of PPP projects, when the State is making many moves to encourage the participation and cooperation of the private sector in the construction and development of projects of varied areas in Vietnam. Directive No. 30/CT-TTg dated 23 November 2021 has emphasized the addition and completion of guidelines as the basis for the implementation of PPP projects. The speakers also recommended that businesses and authorities involved in PPP projects should pay attention to the importance of preventing legal risks at the contract negotiation stage, while local authorities at all levels and regions need to facilitate smooth coordination in all stages of a PPP project to avoid disputes with investors.
During the discussion, Mr. Nguyen Nam Trung, Head of Legal Department of PECC3 emphasized the need for a guiding circular on the investment in electricity sector under PPP to serve as a basis for promoting and mobilizing resources from domestic and international investors in the power and grid industry, especially in the offshore wind power sector.