Legal Counselling

Vietnam: Power to appraise and approve cost estimates for urban development

11:02, 22/12/2017

On November 30, 2017, the Ministry of Construction of Vietnam issued Circular No. 12/2017/TT-BXD, which specifies the power to appraise and approve cost estimates for urban development.

According to Circular No. 12/2017/TT-BXD of the Ministry of Construction of Vietnam, the power to appraise and approve cost estimates for urban classification projects is as follows:

- People’s Committees of provinces or central-affiliated cities or authorized authorities shall organize appraisal and approval for cost estimates for formulation and appraisal of projects on classification of urban areas of special class and class I (for central-affiliated cities);

- People’s Committees of districts shall organize appraisal and approval for cost estimates for formulation and appraisal of projects on classification of urban areas of class I (for provincial cities and cities affiliated to central-affiliated cities), and urban areas of class II, class III, class IV and class V.

View details at Circular No. 12/2017/TT-BXD of the Ministry of Construction of Vietnam, effective from February 01, 2018.

-Thao Uyen-

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