Recently, the Minister of Construction of Vietnam has issued Circular No. 20/2019/TT-BXD providing instructions on determination and management of construction and urban planning costs.
According to Circular No. 20/2019/TT-BXD of the Ministry of Construction of Vietnam, management of planning costs and other costs associated with formulation of planning schemes is specified as follows:
- Entities tasked with administering planning operations shall be responsible for reducing and efficiently using planning and other associated costs in accordance with relevant regulations.
- Administrative costs for planning operations are limits on costs of operations of entities taking control of planning processes. During the process of management of costs, entities tasked with managing planning operations may hire counseling organizations and individuals qualified and having experience in formulation and evaluation of planning cost estimates.
- If planning projects are formulated by state regulatory authorities, costs of formulation of planning projects shall be administered under regulations on financial regimes for state regulatory authorities.
- Costs of evaluation of planning schemes shall be put under administration according to approved cost estimates. Payment of costs of evaluation of planning schemes must be made according to regulations of relevant laws.
View more details at Circular No. 20/2019/TT-BXD of the Ministry of Construction of Vietnam, effective from March 10, 2020.
Thu Ba
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