On 18 August 2011, the Prime Minister (PM) issued Decision No. 44/2011/QD-TTg (Decision 44) promulgating the list of prioritised programs and projects for considering issuance of Government guarantees.
This list was formulated to implement Article 6.2 of Decree 15/2011/ND-CP (Decree 15) dated 16 February 2011 on provision and management of Government guarantees.
For information about Decree 15, see Mayer Brown JSM's Legal Update: "Decree on Provision and Management of Government Guarantees" of 30 March 2011.
Under Article 6.2 of Decree 15, the PM is required to approve any program or project: (i) applying high technology, (ii) in energy, mining or mineral processing sectors, (iii) for export manufacturing or provision of export services and (iv) in sectors and geographical areas in which investment is encouraged by the Government.
Decision 44 sets out the list of prioritised programs and projects for Government guarantee consideration, which comprise:
Decision 44 took effect as from 10 October 2011.
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