Vietnam: The average national construction cost index in 2021 increase by more than 5% compared to 2020? How have the construction cost indexes for all types of construction across the country changed?
What is the National Construction Cost Index in Vietnam?
According to the instructions in Section I of the National Construction Cost Index in 2021, issued together with Decision 97/QD-BXD in 2022, the national construction cost index is:
"I. General explanation
1. National construction cost index is a relative objective reflecting the fluctuation of constructions prices over time on a national scale."
What is the purpose of using the National Construction Cost Index in Vietnam?
According to the instructions in Section I of the National Construction Cost Index in 2021, issued together with Decision 97/QD-BXD in 2022, the purposes of using the national construction cost index are:
"I. General explanation
...
2. The national construction price index announced in this document is used as a basis for determining the investment capital rate, referenced in the analysis of the average price fluctuation of the construction price index when determining the cost. provision in the total investment and work related to the assessment of construction price fluctuations in service of macro management and administration.
The national construction price index published in this document is not used to adjust construction contract prices."
What are main contents of the national construction cost index in Vietnam?
According to the instructions in Section I of the National Construction Cost Index in 2021 issued together with Decision 97/QD-BXD in 2022, main contents of the national construction cost index are:
"I. General explanation
...
4. National construction cost index has taken into account the fluctuation of construction costs, equipment costs, project management costs, construction investment consulting costs and a number of cost items. other of construction investment costs.
Some cost items such as: costs of compensation, support and resettlement, clearance of mines and explosives, loan interest during construction (for projects using loan capital), working capital, etc. Initial activities (for production and business projects) are not included in the calculation of the national construction price index.
5. The method of determining the national construction price index according to the provisions of Circular No. 13/2021/TT-BXD dated August 31, 2021 of the Minister of Construction Guiding the method of determining economic indicators engineering and measuring work volume.
6. The base time for determining the national construction price index is 2020
7. Input cost factors to determine construction price index: Price of construction materials, unit cost of construction labor, price of machine shift and construction equipment based on the price announced by the Department of Construction in localities."
List of national construction cost index in 2021 for all types of construction in Vietnam
According to the guidance in Section II of the National Construction Price Index in 2021 issued together with Decision 97/QD-BXD in 2022 on the National Construction Cost Index in 2021 for all types of construction:
Unit: %
No. | Construction Cost Index | Compared to the base year 2020 |
A | NATION AVERAGE CONSTRUCTION COST INDEX | 105,39 |
B | CONSTRUCTION COST INDEX BY POPULAR TYPE OF CONSTRUCTION (nationwide average) | |
I | Civil construction | |
1 | Housing Works | 106,61 |
2 | Education Works | 104,92 |
3 | Heath Works | 102,79 |
4 | Cultural Works (theatre, cultural house, cinema, museum...) | 105,18 |
5 | Office buildings, offices Works | 105,35 |
II | Industrial construction | |
1 | Construction material production works (brick and tile factory) | 101,94 |
2 | Energy Works | |
2.1 | Line | 109,90 |
2.2 | Electrical Substation | 101,04 |
3 | Textile factory, producing garment productsfactory works | 105,68 |
III | Technical infrastructure construction | |
1 | Water supply works | |
1.1 | Waterworks | 104,62 |
1.2 | Water supply pipeline | 102,85 |
2 | Drainage works | |
2.1 | Sewer line | 105,41 |
2.2 | Wastewater treatment works | 104,88 |
3 | Public lighting works | 112,68 |
IV | Transport construction | |
1 | Road works | |
1.1 | Cement concrete road | 103,61 |
1.2 | Asphalt road | 105,58 |
2 | Road bridge works (Cement concrete bridge) | 109,90 |
V | Agriculture and rural developmentconstruction | |
1 | Irrigation works | |
1.1 | Canal | |
a | Cement concrete canal | 104,86 |
b | Brick Canal | 102,51 |
1.2 | Pepper irrigation pumping station | 104,12 |
2 | Dike works | |
River dike | 103,72 |
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