In 2016, the Ministry of Construction of Vietnam issued Circular No. 16/2016/TT-BXD providing 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 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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