Recently, the Ministry of Foreign Affairs of Vietnam issued Circular 03/2008/TT-BNG providing guidelines for the implementation of regulations on the management of projects for investment and construction of Vietnam representative offices located overseas and other overseas agencies.
Preparation of projects for investment and construction of Vietnam representative offices located overseas (Illustrative image)
Circular 03/2008/TT-BNG stipulates the preparation of projects for investment and construction of Vietnam representative offices located overseas as follows:
The investment project dossier for each type of project is specified as follows:
- Projects for new construction, renovation, and upgrading of existing facilities: include explanatory and basic design.
- Investment projects for house and land purchase: only include explanatory.
- Projects for house and land purchase combined with construction, renovation, and upgrading: include explanatory and basic design for the construction, renovation, and upgrading.
Investment projects must comply with key requirements regarding the content of project preparation and design, etc., in accordance with relevant legislative documents.
The investor can either self-implement or hire a consultancy organization to prepare the investment project. The investor is responsible for the legality and quality of the investment project.
More details can be found in Circular 03/2008/TT-BNG effective from February 22, 2009.
Ngoc Tai
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