Fees associated with online contractor and investor selection in Vietnam as of April 19, 2024

Fees associated with online contractor and investor selection in Vietnam as of April 19, 2024

In particular, the fees associated with contractor and investor selection on Vietnam E-Procurement System are prescribed as follows:

- Fee for maintaining name and capacity profile of the bidder on VNEPS shall comply with provisions of point a clause 11 Article 12 of Decree 24/2024/ND-CP

The fee for maintaining name and capacity profile of the bidder on VNEPS for 01 year is VND 330.000 (inclusive of VAT). This fee shall be paid from the second year onwards after the year in which the investor completes procedures for becoming a VNEPS participant.

- Fee for submitting bids on VNEPS shall comply with provisions of point b clause 11 Article 12 of Decree 24/2024/ND-CP

- Fee paid by a winning bidder of a package applying competitive bidding, limited bidding, shopping method or online quotation method under common online bidding procedure shall comply with provisions of point c clause 11 Article 12 of Decree 24/2024/ND-CP

- Fee for connecting electronic bid security function between VNEPS and domestic credit institutions, foreign bank branches duly established under the law of Vietnam, domestic non-life insurers, and branches of foreign non-life insurers duly established under the law of Vietnam shall comply with provisions of point d clause 11 Article 12 of Decree 24/2024/ND-CP

More details can be found in Circular 05/2024/TT-BKHDT effective from April 19, 2024 and replacing Circular 06/2021/TT-BKHDT dated September 30, 2021.

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