Fees payable for appraisal of construction investment projects in Vietnam from July 1, 2023

Fees payable for appraisal of construction investment projects in Vietnam from July 1, 2023

Pursuant to the provisions in Clause 1, Article 4 of Circular 28/2023/TT-BTC (effective as of July 1, 2023), the rates of fees payable for appraisal of construction investment projects (feasibility study reports or economic-technical reports) are specified in the Fee Schedule enclosed herewith. 

Fee rates as percentage (%) of total investments of projects shall be applied by each appraising agency.

Fees payable for appraisal of construction investment projects in Vietnam from July 1, 2023 (Internet image)

Instructions for determination of fees for appraisal of construction investment projects in Vietnam

The determination of fees for appraisal of construction investment projects in Vietnam shall comply with the guidance in Clause 2, Article 4 of Circular 28/2023/TT-BTC, specifically as follows:

- Fee payable for appraising a construction investment project is calculated on the basis of the total investment of that project (value to be appraised) and the fee rate (specified in the Fee Schedule enclosed herewith). To be specific:

Fee payable + Total investment x Fee rate

In case the total investment of a project falls between two values specified in the Fee Schedule enclosed herewith, the fee payable shall be calculated adopting the following formula:

Nit + Nib - [(Nib - Nia)/(Gia - Gib)] x (Git - Gib)

Where:

- Nit is the fee rate of project i (unit: %).

- Git is the value of project i (unit: value of the project).

- Gia is the supremum value of the value of project i (unit: value of the project).

- Gib is the infimum value of the value of project i (unit: value of the project).

- Nia is the fee rate of project i corresponding to Gia (unit: %).

- Nib is the fee rate of project i corresponding to Gib (unit: %).

Fee rate based on total investment of the project is specified in the Fee Schedule enclosed with Circular 28/2023/TT-BTC.

- Fees for appraisal of urban area construction projects shall be calculated above, in which total investment to be appraised and used as the basis for fee calculation is exclusive of costs of compensation for site clearance and relocation support.

- Fee payable for appraisal of construction investment projects shall not exceed VND 150.000.000/ total investment/ appraising agency but shall not be smaller than VND 500.000/ total investment/ appraising agency.

- Fees for appraisal of investment projects on construction of small-scale works or works serving religious purpose and other works as prescribed by the Government (fees for appraisal of economic - technical reports) shall be determined according to the fomula above

Fees payable for appraisal of construction investment projects in some specific cases in Vietnam

- Regarding construction investment projects of which construction authorities or appraising agencies affiliated to investment decision-making persons request investors to select qualified organizations or individuals to investigate into certain contents necessary for appraisal tasks: the fee rate equaling 50% of that specified in the Fee Schedule enclosed herewith shall apply.

- Regarding investment projects on construction of large-scale works or works that significantly affect community safety and interests and are funded by other funding sources as prescribed in Clause 15 Article 1 of the Law on amendments to the Construction Law: the fee rate equaling 50% of that specified in the Fee Schedule enclosed with Circular 28/2023/TT-BTC shall apply.

- Regarding modified construction investment projects:

+ If a project is modified using contents of the fundamental design and total investment which have been already appraised: the fee rate equaling 50% of that specified in the Fee Schedule enclosed with Circular 28/2023/TT-BTC shall apply.

+ If a project is modified without using contents of the fundamental design and total investment which have been already appraised: the fee rate specified in the Fee Schedule enclosed with Circular 28/2023/TT-BTC shall apply.

- If a construction authority is also an appraising agency affiliated to the investment decision-making person: the fee rate equaling 150% of that specified in the Fee Schedule enclosed with Circular 28/2023/TT-BTC shall apply.

Pursuant to: Clauses 4, 5 and 6, Article 4 of Circular 28/2023/TT-BTC.

Mai Thanh Loi

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