The Minister of Construction of Vietnam has issued Circular No. 09/2019/TT-BXD providing instructions on determination and management of construction investment costs.
According to Article 6 of Circular No. 09/2019/TT-BXD of the Ministry of Construction of Vietnam, subject matters of total construction investment shall be subject to clause 1 of Article 6 of Decree No. 68/2019/ND-CP of Vietnam’s Government. Authority over review of total construction investment shall be subject to clause 3 and 4 of Article 6 of Decree No. 68/2019/ND-CP. Particularly for projects that only require economic-technical reports on use of non-budgetary state capital, authority over the review shall be subject to clause 5 of Article 1 of Decree No. 42/2017/NĐ-CP of Vietnam’s Government dated April 5, 2017, amending and supplementing a number of articles of the Government’s Decree No. 59/2015/ND-CP dated June 18, 2015 on management of investment and construction projects.
In particular, sample reports on results of review and appraisal of total construction investment shall follow instructions given in Appendix No. 10 attached to Circular No. 09/2019/TT-BXD.
Besides, adjustment of the preliminary estimate of total construction investment shall be subject to regulations laid down in laws on public investment, laws on investment and laws on PPP. Adjustment of total investment already approved shall be subject to Article 7 of Decree No. 68/2019/ND-CP.
Sample reports on results of review and appraisal of the preliminary estimate of total construction investment and total construction investment shall be revised according to instructions given in Appendix No. 10 attached to Circular No. 09/2019/TT-BXD.
View more details at Circular No. 09/2019/TT-BXD of the Ministry of Construction of Vietnam, effective from February 15, 2020.
Thu Ba
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