The Ministry of Planning and Investment gathers bidder feedback to select investors to build and trade golf courses

DNHN - The Ministry of Planning and Investment is soliciting public feedback on a draft circular governing the bidding process to select investors to conduct investment projects in the development and operation of golf courses.

By the draft, requirements for bidding on investment projects for the construction and operation of golf courses include: being on the list of projects that require the recovery of land; being authorised by the law on land; being a part of the land area currently owned by the State; belonging to the management and use of the land that will be approved by the competent authority to allocate or lease land to investors; consistent with the regional socio-economic development plannings and plans.

The bidding type must be considered when choosing the list of investment projects for the development and operation of golf courses. The approval of investment policies per the rules of the investment law is required for investment projects involving the building and operation of golf courses. 

The Department of Planning and Investment shall assume primary responsibility for, and work in coordination with relevant agencies in determining the preliminary requirements on the investor's capacity and experience and report to the provincial People's Committee for approval before disclosing the project list, based on the decision approving the investment policy of the project.

According to the guidelines in Clause 3, Article 8 of Circular No. 09/2021/TT-BKHDT governing the selection of golf courses, the list of golf course construction and business investment projects out for bid shall be placed on the national bidding network system. choose investors to carry out public-private partnership investment initiatives.

By the provisions of Article 16 of Decree 25/2020/ND-CP, which outlines the implementation of several regulations Article of the Bidding Law on Investor Selection (amended and supplemented in Decree No. 31/2021/ND-CP), the order and procedures for bidding to select investors to implement investment projects on golf course construction and business, shall be used to implement investment projects.

As outlined in Decree 25/2020/ND-CP, the thorough public bidding procedure is comparable to the public bidding process used to choose investors to carry out investment projects using the land.

The degree of requirements for capacity, expertise, and permission following regulations forms the basis for the evaluation of bids. Technical evaluation methods and standards include sector and field development plans, technical evaluation standards, and compatibility of project objectives given by investors with socioeconomic development plannings.

Financial-commercial evaluation standards (standards of total project implementation costs, standards of compensation, support, reinstatement settlement) and financial-commercial assessment methodologies are among the components of the financial-commercial evaluation.

Lam Nghi