Recently, the Ministry of Foreign Affairs issued Circular 03/2008/TT-BNG providing guidelines for the implementation of regulations on the management of investment and construction projects of Vietnamese Representative Offices and other agencies abroad.
Investment project dossier for Vietnamese agencies abroad (Illustrative image)
Circular 03/2008/TT-BNG stipulates the investment project dossier for Vietnamese agencies abroad as follows:
- Investment policy decision.- Approved bidding plan if the project involves bidding.- Capital registration.- Project assessment results, design.
Real estate purchase investment project:
- Investment project accompanied by the investment decision of the competent authority, project adjustment decisions (if any).- Note (Diplomatic Note) from the host country agreeing to the purchase of real estate.- Principle agreement on the purchase and sale of the house and land as the basis for payment of the deposit (if any).- House and land purchase contract (conditions for buying and selling houses must comply with the laws of the host country; house and land ownership certificate accompanied by design drawings and house location). Other related consulting contracts.- Deposit guarantee slip (if the contract stipulates a deposit).
Construction investment project:
- Investment project accompanied by the investment decision of the competent authority, project adjustment decisions (if any).- Construction permit.- Detailed design of construction works approved by the competent authority in accordance with the host country’s laws.- Cost estimate and decision approving the total cost estimate of the project.- Decision approving bidding results or direct appointment of the contractor by the competent authority.- Construction contract between the investor and the contractor.- Construction supervision consulting contract, legal consulting contract, project management consulting contract under the host country’s laws (if any).
More details can be found in Circular 03/2008/TT-BNG, effective from February 22, 2009.
Ngoc Tai
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