Revocation of the certificate of registration of investment in the form of public-private partnerships

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PPP - Public-private partnership, acronym business concept

On June 28, 2016, the Ministry of Planning and Investment issued the Circular No. 06/2016/TT-BKHDT guiding a number of articles of Decree no. 15/2015/ND-CP dated February 14, 2015 by the Government on investment in the form of public-private partnerships. Within 30 days from the day on which the application for revocation of the Certificate of investment registration prescribed in point b of this Clause is received, the Certificate-issuing agency shall make a decision to revoke the Certificate.

Regarding project operated according to the Certificate of investment registration (also the Certificate of Business registration) or the investment license, the investment registry shall decide to terminate the registration in the Certificate of investment registration (also the Certificate of Business registration) or the investment license.

If the modification of the project or the amendment to the project contract does not change the contents of the Certificate of investment registration, the investor shall send the Certificate-issuing body a notification of the modified contents enclosed with documents related to such modification or amendment for retention and supervision. For cases of modification of name of the project, address or legal representative of the investor, the competent agency or other information related to the investor, the investor shall send a written application for modification of the Certificate of investment registration. The Certificate-issuing body shall consider modifying the Certificate of investment registration within 05 working days from the day on which the satisfactory application as specified in this clause is received.

This Circular takes effect on September 20, 2016.