What is the guidance on preparing and appraising the technical-economic report for construction investment projects in Vietnam?
Is it proposed to provide guidance on preparing and appraising the technical-economic report for construction investment projects in Vietnam?
According to Section 10 of Official Dispatch 5015/CV-TCT in 2022 which guides the implementation of public investment projects:
- The Law on Construction has been amended and supplemented, and the Decrees have been issued. According to the provisions of Article 3 of the Law on Construction 2014, the concepts of a feasibility study report for investment projects and a technical-economic report for construction investment projects are different.
- However, Decree 15/2021/ND-CP stipulates specific content on managing construction investment projects without specifying preparation and appraisal of the technical-economic report for construction investment projects (including forms for assessing, appraising, and approving), but only stipulates the content for preparing, appraising, and mortifying the feasibility study report for investment projects.
What is the guidance on preparing and appraising the technical-economic report for construction investment projects in Vietnam? (Image from the internet)
What is the guidance on preparing and appraising the technical-economic report for construction investment projects in Vietnam?
According to Section 10 of Official Dispatch 5015/CV-TCT in 2022 which guides the implementation of public investment projects:
Under Clause 14, Article 1 of the Law on Construction 2020 amending and supplementing Article 57 of the Law on Construction 2014, the appraisal of the technical-economic report is specified ass follows:
Article 57. Appraisal of construction investment feasibility study reports and construction investment economic-technical reports by investment decision makers
1. For construction investment projects prescribed in Point a and Point c Clause 1 Article 58 hereof, investment decision makers shall carry out the appraisal of the following contents:
a) The conformity with planning, objectives and scale of investment and other requirements specified in decisions on or approvals for construction investment policies;
b) The conformity of fundamental design solutions with design tasks; list of applicable standards;
c) Solutions for organizing project implementation, project owner’s experience and managerial capacity, plan on construction ground clearance, and form of project implementation;
d) Factors ensuring the project efficiency, including total investment, funding sources, capability to raise capital according to schedule, risk analysis, financial efficiency and socio-economic efficiency of the project;
dd) The conformity of technological plan (if any);
e) Other contents as prescribed by relevant laws and requested by the investment decision maker.
2. For projects using non-public investment state funds other than those prescribed in Point c Clause 1 Article 58 hereof, investment decision makers shall carry out the appraisal of the contents prescribed in Clause 1 of this Article and Clause 2 Article 58 hereof.
3. For projects using public investment funds and projects using non-public investment state funds for which only construction investment economic-technical reports are required, investment decision makers shall carry out the appraisal of the following contents:
a) The conformity with planning, objectives and scale of investment and other requirements specified in decisions on or approvals for construction investment policies;
b) The compliance of the construction drawing design with requirements on ensuring safety of the works and measures for ensuring safety of adjacent works;
c) Formulation of total investment and determination of value of total investment;
d) Solutions for organizing project implementation, plan on construction ground clearance, and form of project implementation;
dd) The conformity of technological plan (if any);
e) Other contents as prescribed by relevant laws and requested by the investment decision maker.
4. For projects using other funds, investment decision makers shall decide the contents to be appraised in conformity with investment and business requirements and relevant laws.
5. For projects using technologies restricted from transfer or using technologies and posing negative impacts on the environment as prescribed in the Law on technology transfer, technologies to be applied must be appraised or commented by agencies in charge of managing sectors/fields in accordance with the Government’s regulations. Contents and time limits for appraising or commenting on technologies to be applied shall comply with provisions of the Law on technology transfer. Appraisal results or opinions given by agencies in charge of managing sectors/fields shall be sent to appraising agencies of investment decision makers for consolidation.
What are the contents of construction investment economic-technical reports in Vietnam?
According to Article 55 of the Law on Construction 2014 as follows:
Contents of construction investment economic-technical reports
1. Construction drawing designs, technical designs (if any) and construction cost estimates.
2. Other contents of a construction investment economic-technical report include explanations about the necessity for investment, construction objectives, construction locations, to be-used land area, sizes, capacity and grades of works, construction solutions, construction safety, plans on construction ground clearance and environmental protection, allocation of funds for implementation, construction duration, construction investment efficiency of works.
The preparation and appraisal of the technical-economic report for construction investment projects in project management is regulated as above.
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