Vietnam: 04 principles for determination and management of costs of urban public services

10:46, 15/02/2018

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

According to Circular No. 14/2017/TT-BXD of the Ministry of Construction of Vietnam, principles for determination and management of costs of urban public services include:

- Costs of urban public services must be calculated accurately and sufficiently and in conformity with technical procedures for provision of urban public services as well as market prices and ability to balance local budget.

- Costs of urban public services determined according to guidance herein shall be used as the basis for determining cost estimates, considering and deciding prices of public services by means of bidding or commissioning for provision of urban public services, and also the basis for negotiating contracts/agreements, making payments and finalizing contracts/agreements for provision of these public services.

- Costs of urban public services must be managed in accordance with regulations on production and provision of urban public products and services.

- People’s Committees of provinces or central-affiliated cities shall base on regulations of this Circular to instruct determination and management of costs of other urban public services in conformity with specific conditions of each province or city.

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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