Circular No. 16/2016/TT-BXD of the Ministry of Construction of Vietnam provides guidance on application of a number of articles of the Decree No.59/2015/ND-CP of Vietnam’s Government on construction project management.
According to Circular No. 16/2016/TT-BXD of the Ministry of the Ministry of Construction of Vietnam, every field-based and area-based project management board (PMB) operation regulation includes:
- Legal basis of the operation regulation;
- Position and functions;
- Rights and responsibilities;
- Organizational structure and personnel;
- Operating funding;
- Working hours, welfares, benefits for officials;
- Finance and asset management;
- Supervision, accountability, assessment and reporting regimes;
- Other necessary items (if any).
Also according to Circular No. 16/2016/TT-BXD, financial management of field-based and area-based PMB is as follows:
- The PMB shall manage, allocate and effectively use the investments of both projects that they perform as the investor and they are entrusted to manage.
- The PMB shall exercise financial and accounting regimes as a profitable public service provider or enterprise.
View more details at Circular No. 16/2016/TT-BXD of the Ministry of Construction of Vietnam, effective from August 15, 2016.
- Thanh Lam -
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