New regulations on investor selection on the National Bidding Network System

This Circular details the provision, posting, and exploitation of the database on investment under the public-private partnership method and investor selection on the National Bidding Network, including: Provision and posting of information on investment projects under the public-private partnership method (PPP projects); list of investment projects using land, projects that must be organized for bidding according to the provisions of specialized laws and laws on socialization; survey of investors' interest in PPP projects; invitation of interest in investment projects using land within the scope of the Law on Bidding; domestic pre-qualification for PPP projects...

Online investor selection is not yet applicable to the following projects: PPP projects applying international pre-qualification, international open bidding, competitive negotiation, and investor appointment; investment projects using land applying international open bidding and contractor appointment.

Providing and posting information on PPP and bidding on the National Bidding Network:

The Circular stipulates that information on the capacity and experience of investors on the National Bidding Network System includes: General information about investors; data on audited annual financial reports; audited mid-year financial reports as prescribed by law (if any); information on projects and contracts that have been and are being implemented...

Investors proactively update information about their capacity and experience according to the regulations on the National Bidding Network System and are legally responsible for the accuracy of the information declared on this system. In case investors make edits on the National Bidding Network System themselves, the system will save all information before and after the investor makes edits. Information about the investor's capacity and experience is authenticated by the investor's digital signature.

Investors attach documents and papers to prove the authenticity of their capacity and experience. Attached documents will be stored and managed on the National Bidding Network System.

In case an investor makes dishonest declarations in order to gain financial or other benefits or to evade any obligations, it shall be considered fraud according to the provisions of Clause 4, Article 89 of the Law on Bidding, Clause 11, Article 10 of the Law on Investment under the Public-Private Partnership (PPP Law).

The inviting party shall post the invitation to bid for PPP projects not subject to pre-qualification and investment projects using land on the National Bidding Network according to the progress of organizing investor selection and in accordance with the time of organizing investor selection in the decision approving the PPP project or the decision approving the approved investor selection plan for investment projects using land.

The Inviting Party shall post the results of investor selection together with the approval decision on the System no later than 10 days from the date of approval of the results of investor selection.

According to Government electronic newspaper