What languages are used in bidding in Vietnam? What cases are required bid security in Vietnam?

What languages are used in bidding in Vietnam?

Pursuant to Article 12 of the Law on Bidding in 2013 stipulating language used in bidding:

Language used in bidding

1. Language used in bidding shall be Vietnamese.

2. The language used in international bidding shall be English or both Vietnamese and English. In case the EOI request, prequalification document, bidding documents or RFP is made in Vietnamese and English, bidders or investors may submit their bids either in Vietnamese or English.

As regulated above, language used in bidding shall be Vietnamese.

The language used in international bidding shall be English or both Vietnamese and English.

What languages are used in bidding in Vietnam? What cases are required bid security in Vietnam? - image from internet

What cases are required bid security in Vietnam?

Pursuant to Article 14 of the Law on Bidding in 2013 stipulating bid security:

Bid security

1. Bidders or investors shall furnish bid securities in one of the following forms in order to ensure their fulfillment of responsibilities for a period specified in the bidding documents:

a) Pay a deposit;

b) Submit a letter of guarantee issued by a domestic credit institution or foreign bank branch lawfully established under the law of Vietnam; or

c) Submit a certificate of surety bond insurance issued by a domestic non-life insurer or branch of a foreign non-life insurer duly established under the law of Vietnam.

2. The submission of bid security is required in the following cases:

a) Competitive bidding, limited bidding or shopping for a consulting service, procurement, construction or mixed package;

b) Competitive bidding or limited bidding for investor selection.

3. Bid securities must be furnished prior to the deadline for submission of bids specified in the bidding documents. In case of two-stage bidding procedure, bidders or investors shall furnish bid securities in the second stage.

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As regulated above, the submission of bid security is required in the following cases:

- Competitive bidding, limited bidding or shopping for a consulting service, procurement, construction or mixed package;

- Competitive bidding or limited bidding for investor selection.

What costs are associated with contractor/investor selection in Vietnam?

Pursuant to Article 15 of the Law on Bidding in 2013 stipulating costs associated with contractor/investor selection:

Costs associated with contractor/investor selection

1. Costs associated with the contractor selection:

a) RFP, bidding documents used in domestic bidding, EOI request and prequalification document are issued free of charge on VNEPS;

b) Bidding documents used in international bidding shall be issued on VNEPS; bidders shall make payment for purchase of electronic forms of the bidding documents when submitting their bids;

c) Employers/procuring entities shall incur costs of publishing bidding information and other costs associated with the contractor selection;

d) Bidders shall incur costs of preparing their EOIs, prequalification applications, bids, proposals, and participating in bidding, and settling bidding-related petitions (if any).

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As regulated above, costs associated with contractor/investor selection are stipulated as follows:

1. Costs associated with the contractor selection:

- RFP, bidding documents used in domestic bidding, EOI request and prequalification document are issued free of charge on VNEPS;

- Bidding documents used in international bidding shall be issued on VNEPS; bidders shall make payment for purchase of electronic forms of the bidding documents when submitting their bids;

- Employers/procuring entities shall incur costs of publishing bidding information and other costs associated with the contractor selection;

- Bidders shall incur costs of preparing their EOIs, prequalification applications, bids, proposals, and participating in bidding, and settling bidding-related petitions (if any).

2. Costs associated with the investor selection:

- EOI request and bidding documents used in domestic bidding are issued free of charge on VNEPS;

- Bidding documents used in international bidding shall be issued on VNEPS; investors shall make payment for purchase of electronic forms of the bidding documents when submitting their bids;

- Procuring entities shall incur costs of publishing information on investor selection and other costs associated with the investor selection;

- Investors shall incur costs of preparing their applications for project execution and bids, and participating in bidding, and settling bidding-related petitions (if any).

Best regards!