Vietnam’s regulations on project, construction design and cost estimate evaluation

On June 30, 2016, the Ministry of Construction of Vietnam issued Circular No. 18/2016/TT-BXD, which specifies and provides guidance on certain contents of evaluation and approval of projects, construction designs and cost estimates.

According to Circular No. 18/2016/TT-BXD of the Ministry of Construction of Vietnam, processes for project, construction design and cost estimate evaluation are prescribed as follows:

- With respect to projects financed by the state budget’s funds, the application documentation for evaluation shall be submitted to the specialized construction body who holds authorization to evaluate feasibility study reports, investment and construction economic-technical feasibility reports;

- With respect to projects financed by out-of-budget state funds, the application documentation for evaluation shall be submitted to the specialized construction body who holds authorization to evaluate basic designs (or construction drawings or cost estimates with respect to projects that require preparation of economic-technical feasibility reports) and to the specialized body directly controlled by the investment decision maker for the purpose of evaluation of other contents of a feasibility study report, investment and construction economic-technical report or technological design (if any);

- With respect to projects financed by other funds, the application documentation for evaluation shall be submitted to the specialized construction body who holds authorization to evaluate basic designs (or construction drawings with respect to projects that require preparation of economic-technical feasibility reports) with respect to special-class, class-I investment and construction projects, public utilities projects, projects having great impacts on landscape, environment and community safety. The specialized body directly controlled by the investment decision maker shall evaluate other contents of feasibility study reports, investment and construction economic-technical feasibility reports and technological designs (if any);

- With respect to the rest of projects which are not under evaluation by specialized construction bodies, specialized bodies directly controlled by investment decision makers shall evaluate all contents of feasibility study reports, and investment and construction economic-technical feasibility reports.

View details at Circular No. 18/2016/TT-BXD of the Ministry of Construction of Vietnam, effective from August 15, 2016.

- Thanh Lam -

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