The Law on Bidding would be improved to convenience and openness for investors when making procurement of bidding packages but at the same time ensure strict management, prevent profiteering and corruption.
The Ministry of Planning and Investment has issued two circulars specifying instructions for handling bidding packages under the UK-Viet Nam Free Trade Agreement.
Although many market insiders have said this move is not too surprising and could be predicted in advance, the action of “ping the stake” still has caused a big market turmoil.
The Ministry of Planning and Investment (MPI) has summited the Government a draft decree on amending Decree 95/2020/ND-CP providing guidelines on procurement bidding under the Comprehensive and Progressive Trans-pacific Partnership Agreement (CPTTP).
Bidding for electricity projects instead of using the feed-in tariff price mechanism would make Viet Nam''s electricity more transparent and offer cheaper consumer power prices.
The mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
E-Government procurement has proven a good way to improve transparency, publicity, fairness and efficiency in bidding for State-funded projects since it was launched nationwide in 2016.
To improve openness and transparency, the Ministry of Planning and Investment, MPI, has asked contractors to make their bids accessible to the public on the National Procurement Network (NPN).
The State Capital Investment Corporation (SCIC) has confirmed it will continue its scheduled competitive share offerings in four companies in the latter half of this month, easing investor concerns over the possibility of a delay after it was yet to...
The grievance handling mechanism in bidding needed to be renovated to ensure transparency and keep pace with the country’s rapid international integration, according to Deputy Minister of Planning and Investment Dao Quang Thu.