Processing of bidding proposals for investor selection within 7 working days

Accordingly, the decree adds two important chapters related to the designation of investors and the settlement of petitions in bidding for investor selection.

Projects applying the form of investor designation: projects proposed by investors in which the investor has ownership or right to use technology in the list of strategic technologies and strategic technology products according to the provisions of the law on science, technology and innovation, the law on high technology; projects that need to continue selecting investors who have previously deployed digital infrastructure and digital platforms to ensure compatibility, synchronization, and technical connectivity; projects that need to accelerate progress, promote socio -economic development, and ensure national interests proposed by investors.

The investor designation process is applied to projects for which the competent authority prepares a dossier requesting approval of investment policy (for projects subject to investment policy approval under the provisions of the law on investment) or a dossier proposing project implementation.

Regarding the resolution of petitions, the inviting party must have a written resolution of the petition sent to the investor, agency or organization within 7 working days from the date of receipt of the petition from the investor, agency or organization.

The Decree also stipulates: investors who are science and technology enterprises; creative startups, creative startup support organizations recognized by competent authorities; innovation centers; organizations and enterprises that have been granted a Certificate of high-tech enterprise, high-tech incubator, high-tech enterprise incubator, newly established enterprises from investment projects to produce high-tech products according to the provisions of the law on high technology are entitled to a preferential rate of 5% when evaluating bidding documents.

Foreign investors who commit to transferring technology to domestic investors and partners enjoy a 2% preferential rate when evaluating bidding documents.