On 14 February 2015, the Government of Vietnam officially promulgated the long awaited Decree No. 15/2015/ND-CP (Decree 15) on public-private partnerships (PPP).This legal update focuses on our review of the key provisions of Decree 15 and provides practical insights regarding certain PPP/project finance issues of particular interest to lenders, sponsors, contractors and public sector entities from a Vietnamese law perspective.