Vietnam: Operation of field-based and area-based project management board

According to Circular No. 16/2016/TT-BXD of the Ministry of Construction of Vietnam, operation of field-based and area-based project management board (PMB) is as follows:

- Every field-based or area-based PMB established by the Minister, Head of Ministerial-level agency, president of People’s Committee of provinces or districts is considered as a public service provider that exercises financial autonomy and finances its recurrent expenditures under Decree No. 16/2015/NĐ-CP of Vietnam’s Government.

- Every field-based/area–based PMB established by the competent person of any economic group or state-owned general corporation shall be considered as a subsidiary whose costs may be independently or dependently accounted. Such members will operate under its parent company’s legal status.

- The PMB of single construction project established under Article 19 of Decree No. 59/2015/NĐ-CP of Vietnam’s Government shall be considered as a service provider under the investor’s authority. Such PMB is established, operated and dissolved under the investor’s Decision and according to the reality and relevant regulations of laws.

- For construction projects funded with other sources of finance, the investment decision-maker shall have the right to decide form and methods of management according to the project management requirements and project particular progress.

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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