Law No. 22/2023/QH15 on Bidding.

This Law provides for state management of bidding activities; powers and responsibilities of authorities, organizations and individuals in bidding activities; selection of contractors executing contract packages and selection of investors executing investment projects. The Law applies to authorities, organizations and individuals participating or participating in bidding activities, including: 1. The selection of contractors which is funded by state budget as prescribed by the Law on state budget or lawful revenues of regulatory authorities and public sector entities; 2. The selection of contractors for execution: a) The packages of investment projects of state-owned enterprises as prescribed in the Law on enterprises and entire state-owned enterprises; b) The packages for supply of material - technical facilities, machines and equipment for science and technology development funded by science and technology development funds of state-owned enterprises; 3. The selection of investors for the following investment projects, including: a) Investment projects involving land use which require bidding as prescribed by the Law on land; b) Investment projects which require bidding as prescribed by specialized laws; etc.
The Law defines the methods of bidding (including competitive bidding, limited bidding, direct contracting, and specialized procedures), along with eligibility criteria for bidders/investors. Key principles emphasize competitiveness, fairness, transparency, economic efficiency, and accountability. The Law mandates the use of the Vietnam E-Procurement System (VNEPS) for online bidding, details contractor/investor selection processes, and includes specific provisions for sectors like healthcare and public goods/services. The Law also introduces incentives for investors offering environmentally friendly technologies or high-tech transfers.