Vietnam allows private enterprises to provide public services
Domestic and international organizations in Vietnam are now allowed to provide public services under government contract.
Twenty-three services, including vocational training, state-mandated publishing, as well as sports and culture festivals, were included under the new provision. All such services fall under the aegis of the state’s responsibility to its people, using state-budgeted funds.
Contractors for public service projects must meet three conditions. The monetary value of the public service must meet or exceed VND500 million (US$31,000), the contractor must have relevant business certificates and proof of legal status, and also must provide a monetary guarantee of healthy finances.
All companies submitting appropriate paperwork will be reviewed within twenty days. Failure to meet regulations once contracted will result in remission of the project to state auspices and assignation to a state business as determined by the People’s Committee.