Circular No. 58/2016/TT-BTC
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- Vietnam: Procedures for procuring low-value assets within state agencies
- 10:15, 16/05/2018
- Circular No. 58/2016/TT-BTC of the Ministry of Finance of Vietnam provides for the use of state funding for making purchases for the purpose of maintaining regular operations of state agencies and organizations. This Circular stipulates that direct contracting shall be applied in case the procurement of purchase of asset/good/service which are in the regular purchase estimate or plan, and the value of such value do exceed VND 100 million.
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- Vietnam’s new regulations on use of state funding for making purchases
- 08:45, 10/09/2016
- (1) Supplements of 02 cases where state funding shall not be used for making purchases; and (2) the regulation that the maximum selling price of a set of bidding documents and request for proposals shall, respectively, not exceed VND 2,000,000 (two million dongs) and VND 1,000,000 (one million dongs) are 02 new points specified in Circular No. 58/2016/TT-BTC of the Ministry of Finance of Vietnam providing for the use of state funding for making purchases for the purpose of maintaining regular operations of state agencies.
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