If these services meet international standards, Vietnam will have the opportunity to export quality services, which will not only increase the value of exports, but will also improve export efficiency and thus contribute to the improvement of its trade balance. Public procurement of international investment law regulates foreign direct investment and the settlement of disputes between foreign investors and sovereign states. This guide identifies the best resources for locating primary and secondary materials related to international investment legislation, with a focus on bilateral investment agreements (ILOs) and investor-state dispute resolution. Vietnam is one of the highest rates of public investment in GDP in the world (39% per year from 1995). However, to date, Vietnam has not accepted that its public procurement falls under the WTO`s public procurement agreement. For the first time, Vietnam has committed to do so under the EVFTA. Free trade obligations in the area of public procurement mainly concern the obligation to negotiate in the same way as EU bidders or domestic bidders with EU private equity, as well as Vietnamese bidders when the government buys goods or requests a service worth above the specified threshold. Vietnam is committed to respecting the general principles of national treatment and non-discrimination. It will publish in due course information on purchase and post-price information in the newspaper for public procurement, as well as information on the purchasing system on muasamcong.mpi.gov.vn and the Official Journal, will give suppliers sufficient time to prepare and transmit applications for participation and eligible offers and respect the confidentiality of offers. The ESTV also requires its contracting parties to evaluate bids on the basis of fair and objective principles, to evaluate bids only on the basis of criteria set out in notices and tender documents, and to establish an effective redress and resolution system. These rules require contracting parties to ensure that their tendering procedures are consistent with commitments and the protection of their own interests, which will help Vietnam resolve its problem of obtaining offers from low-quality but inferior service providers. Public procurement of goods or services, or any combination of goods or services that meet the following criteria, fall within the scope of the rules of the public procurement free trade agreement: Learn more about Canada`s trade and investment agreements: types of contracts and the gradual development of trade and investment agreements.
The ETUCE statement sends the message that investor-state dispute settlement (IERD) is a flawed mechanism that is contrary to and limits the right to regulation. It raises particular concerns in the area of education. In the future, private companies could challenge ISDS quality and accreditation standards if they considered these standards to be “disguised trade barriers” or “heavier than necessary. “. The statement states that “these standards of quality and accreditation are essential to ensure the quality of education and, therefore, ISDS poses considerable risks to the education sector and democratic decision-making in general.” This is now being dealt with in the PPI. In the event of an investment dispute (for example. B, expropriation without compensation or discrimination of investments), an investor is allowed to take the dispute to the investment court for settlement.