Vietnam: Costs of hiring of foreign entities or persons offering counsels on formulation of planning schemes

According to Circular No. 20/2019/TT-BXD of the Ministry of Construction of Vietnam, costs of hiring of organizations or persons offering counsels on formulation of planning schemes shall be calculated by making cost estimates on condition that these costs do not exceed the following costs:

- If a domestic organization offering counsels is hired to preside over cooperating with foreign counselors for formulation and planning projects and schemes, costs of hiring of domestic counseling organizations and foreign counselors shall not be 1.5 times more than costs of formulation of planning projects and schemes calculated in accordance with this Circular.

- If a domestic consulting organization is hired as a presiding entity and another foreign consulting organization is hired as a cooperating entity for formulation of planning projects or schemes, costs of hiring of domestic counseling organization and foreign consulting organization shall not be 2.5 times more than costs of formulation of planning projects and schemes calculated in accordance with this Circular.

- If a foreign consulting organization is hired to perform all of activities related to formulation of planning projects and schemes, costs of hiring of foreign consulting organizations shall not be 3.5 times more than costs of formulation of planning projects and schemes calculated in accordance with this Circular.

If foreign counseling organizations are hired to take part in formulation of planning projects and schemes with complicated and special characteristics and requirements, and costs of such hiring for planning schemes are determined by making cost estimates according to instructions given herein, but norms of costs of hiring of foreign counseling organizations exceed those specified above, entities accorded authority to approve planning cost estimates shall have to report to entities accorded authority to approve planning schemes before making decisions on approval of cost estimates in accordance with regulations.

View more details at Circular No. 20/2019/TT-BXD of the Ministry of Construction of Vietnam, effective from March 10, 2020.

Thu Ba

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