Vietnam’s Decree 73: Who can be the investor of the information technology application project?

Currently, “IT application project” means a set of activities concerning considering or investing in capital for purchasing or leasing of information technology services, establishing, expanding or upgrading an infrastructure, software or database system for the purpose of development, maintenance and  improvement of  product and service quality and operational efficiency within a certain period of time. In the preparation phase, an IT application project is presented via a pre-feasibility study report, guidelines proposal report, feasibility study report or economic-technical report.

According to Decree No. 73/2019/NĐ-CP of Vietnam’s Government, investment project owners are entities or organizations assigned to directly manage IT application projects. To be specific:

- Units managing and using products of projects or units specializing in information technology that act as investment project owners;

- Ministries, central bodies and People's Committees at all levels that concurrently act as investment project owners;

- Project management boards established by ministries, central bodies or People’s Committees at all levels that act as investment project owners provided that such project management boards have a legal status and are qualified for executing projects.

However, if a project is funded by various sources, the investment project owner shall be elected by the capital contributors or the representative of the party with the highest stake.

View details at Decree No. 73/2019/NĐ-CP of Vietnam’s Government, effective from January 01, 2020.

Thu Ba

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