How to determine the total investment for information technology projects in Vietnam?

How to determine the total investment for information technology projects in Vietnam? - image from internet

Pursuant to Article 19 of the Decree 73/2019/ND-CP stipulating the total investment for information technology projects in Vietnam:

=> Total investment is the total estimated amount of investment stated in the investment decision and serves as the basis for investment project owners to formulate plans and manage funds during investment in a project.

Total investment includes:

Construction costs:

- Costs of purchase and installation of informational technology network and network accessories and other costs of network installation;

- Other relevant direct costs of construction.

Equipment costs:

- Costs of purchase of information technology equipment, including equipment requiring installation and setup, equipment not requiring installation and setup, auxiliary devices and peripheral equipment, commercial software, internal-use software and other equipment; costs of equipment transportation and insurance; tax and fees related to purchase of equipment;

- Costs of database establishment; standardization and transfer for the purpose of data input; input of data to databases;

- Costs of equipment installation; software setup; inspection and adjustment of equipment and software;

- Costs of providing training in system use; costs of providing training in system management and operation for officials (if any);

- Costs of use, support, management and operation of products or work items of a project prior to commissioning (if any).

Project management costs, including costs of organizing project management from preparation to completion, commissioning, and putting project’s products to use, and costs of investment supervision and evaluation;

Investment consultancy costs, including costs of carrying out surveys and preparing pre-feasibility study reports, investment guidelines proposal reports, feasibility study reports or economic-technical reports; investigation and research for preparation of pre-feasibility study reports, investment guidelines proposal reports, feasibility study reports or economic-technical reports and selection of solutions; inspection of project efficiency and feasibility; formulation and modification of detailed design; calculation and adjustment of cost estimate; inspection of detailed design and cost estimate; compilation of request for proposals, pre-qualification documents, bidding documents; assessment of proposals, pre-qualification applications and bid packages; establishment of norms and unit price; inspection of material and equipment quality; evaluation of product quality; conversion of investment; supervision of project execution and performance of other consultancy tasks;

Other costs, including fees and charges; insurance (excluding equipment insurance costs prescribed in Point b of this Clause); testing or trial operation; auditing; verification and approval of investment statements; installation and leasing of connections; charges for registration and maintenance of domain names; costs of leasing of IT services; costs of price appraisal and other specific costs;

Cost contingency, including contingency for price slippage during the process of project execution, contingency for additional works and temporary amounts (if any).

In addition, the total investment may also include costs of transport of equipment and workers.

Above are regulations on determination of the total investment for information technology projects in Vietnam.

Best regards!