HCMC – The Vietnamese Government has issued a new decree reducing the time required to assess public-private partnership (PPP) project proposals.
According to Decree 71/2025/ND-CP, which amends and supplements Decree 35/2021/ND-CP guiding the implementation of the PPP Law, the time for appraising pre-feasibility and feasibility studies of PPP projects has been significantly shortened, the Vietnam News Agency reported.
For projects under the prime minister’s authority to approve investment guidelines, the appraisal period for pre-feasibility studies has been reduced from a maximum of 45 days to 30 days.
For projects under the jurisdiction of ministers, heads of central agencies, or provincial People’s Committees, the timeframe has been halved, from 30 days to 14 days.
Projects that only require a technical-economic report for construction investment must now be appraised within 10 days.
In cases where project progress must be expedited, the chairman of the appraisal council is authorized to determine a suitable timeframe.
The decree also cuts the appraisal time for feasibility studies. Projects subject to approval by the prime minister must now complete this process within 30 days, down from 90 days. For those under the authority of ministers, central agencies, or provincial leaders, the deadline has been shortened from 60 days to 14 days. All other projects must be appraised within 10 days.
Decree 71 also introduces timelines for approving investment guidelines once a complete and valid application is received. Projects under the jurisdiction of provincial authorities must be approved within 10 days. For projects requiring only a technical-economic report, the approval time is capped at five working days.
