Management of standard costs of urban public services in Vietnam

11:03, 06/01/2018

Circular No. 14/2017/TT-BXD was issued by the Ministry of Construction of Vietnam on December 28, 2017, which specifies the management of standard costs of urban public services.

According to Circular No. 14/2017/TT-BXD of the Ministry of Construction of Vietnam, the management of standard costs of urban public services is prescribed as follows:

- People’s Committees of provinces or central-affiliated cities shall apply the standard costs of urban public services announced by the Ministry of Construction to determination and management of costs of urban public services.

- People’s Committees of provinces or central-affiliated cities shall adjust standard costs if there is significant difference between the local conditions and those specified in the system of standard costs announced by the Ministry of Construction; set up standard costs of urban public services of that province or city, which are not available in the system of standard costs announced by the Ministry of Construction, and obtain an approval from the Ministry of Construction before applying such standard costs.

- People’s Committees of provinces or central-affiliated cities shall submit annual report on adjusted or new standard costs to the Ministry of Construction for management.

View more details at Circular No. 14/2017/TT-BXD of the Ministry of Construction of Vietnam, effective from February 15, 2018.

-Thao Uyen-

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