Vietnam's regulations on management of costs and revenues in investor selection from February 27, 2024

Vietnam's regulations on management of costs and revenues in investor selection from February 27, 2024
Nguyễn Thị Diễm My

On February 27, 2024, the Government of Vietnam promulgated Decree No. 23/2024/ND-CP on elaboration on and measures to implement the Law on Bidding regarding the selection of investors to implement projects subject to bidding organization in accordance with laws on specific sectors and fields.

Vietnam's regulations on management of costs and revenues in investor selection from February 27, 2024

According to the Decree, regulations on the management of costs and revenues in investor selection are as follows: 

- Cost limits in case the investor selection is carried out by the competent authority, EOI requester, procuring entity, or appraisal team:

+ The cost of preparing the EOI request or Bidding document is 0,05% of the total investment capital but not exceeding 200.000.000 (two hundred million) VND;

+ The cost for appraisal of each item of Bidding document and investor selection result is 0,02% of total investment capital but not exceeding 100.000.000 (one hundred million) VND;

+ The cost of evaluating project registration application or bids is 0,03% of total investment capital but not exceeding 200.000.000 (two hundred million) VND;

+ In case of reorganizing the investor selection, the cost of preparing the EOI request or Bidding document; or evaluating bids is up to 50% of the equivalent cost specified in Points a and b Article 6 of Decree No. 23/2024/ND-CP.

- In case a consultant is hired to perform the tasks specified above, investor selection costs are as follows:

+ The costs are determined based on the description, scope of work, performance duration, capacity and experience of the consultant, salary level in accordance with law and other factors;

+ In case there are no regulations on expert salary level, it is based on statistics with costs paid to experts in similar projects implemented in a specified period of time or in total investment capital.

See more details in Decree No. 23/2024/ND-CP of Vietnam, effective as of February 27, 2024.

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