Decree 115/2024/ND-CP elaborating selection of investors executing investment projects involving land use.

This Decree elaborates some articles of and introduces measures for implementing the Law on Bidding regarding selection of investors executing investment projects involving land use. The Decree includes 10 Chapters. It applies to projects involving land use requiring competitive bidding, including: solid waste treatment, water supply, markets, aviation facilities, education/health projects, energy works, horse/dog racing courses, etc.
Land banks must meet conditions listed in Aeticle 4. Bid evaluation criteria include 1. Financial stability and sector-specific experience. 2. Feasibility, environmental compliance, social welfare commitments, etc. of investor's investment and business plan. 3. Land use efficiency. 4. Investment efficiency including contributions to state revenue, public works, or environmental targets.