Vietnam: Guiding methods of establishing IT application unit costs

16:38, 25/02/2020

This is a notable content of Circular No. 04/2020/TT-BTTTT of the Ministry of Information and Communications of Vietnam prescribing the estimation and management of costs of information technology application projects.

phuong phap lap don gia ung dung CNTT, Thong tu 04/2020/TT-BTTTT

According to Circular No. 04/2020/TT-BTTTT of the Ministry of Information and Communications of Vietnam, one of the rules of estimation and management of costs of IT application projects funded by state budget for development investment expenditures is “Total investment, cost estimates, unit costs of IT application must be properly calculated and include all cost items as prescribed”.

Unit costs are the basis for determining costs of an IT application project. IT application unit costs shall be established on the basis of costs selected from economic-technical norms adopted by the Ministry of Information and Communications, relevant cost items and provisions in Appendix 04 enclosed herewith.

Besides, Circular No. 04/2020/TT-BTTTT also stipulates that the total investment shall be determined by adopting the methods prescribed in Clause 4 Article 19 of Decree No. 73/2019/ND-CP dated September 05, 2019 of Vietnam’s Government prescribing management of state investments in information technology. Methods for determining total investment are elaborated in Appendix 01 enclosed herewith.

View other provisions at Circular No. 04/2020/TT-BTTTT of the Ministry of Information and Communications of Vietnam, effective from April 09, 2020.

Thu Ba

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