Vietnam: Costs incurred from investment preparations and project execution of dredging projects

11:22, 05/12/2018

On November 28, 2018, the Government of Vietnam issued the Decree No. 159/2018/NĐ-CP on management of dredging operations within seaport water and inland water areas.

Chi phí chuẩn bị đầu tư và thực hiện dự án nạo vét , Nghị định 159/2018/NĐ-CP

According to Article 25 of the Decree No. 159/2018/NĐ-CP of Vietnam’s Government, costs incurred from investment preparations and project execution shall include:

1. Costs of formulation, assessment and approval of feasibility study reports for projects;

2. Costs of formulation, assessment and approval of environmental impact assessment reports;

3. Costs of selection of investors;

4. Overheads of competent authorities, representatives of competent authorities and project management agencies; costs of supervision of projects and project quality;

5.Project announcement costs;

6. Costs of hiring of consulting bodies giving support to certain operations within the scope of responsibilities of project management agencies;

7. Costs of organization of conferences, workshops, negotiation of project execution and other relevant contracts;

8. Other costs.

Concurrently, costs referred to in sections 1, 2 and 3 above shall be covered by using the following funding sources:

- Annual state budget allocations granted to the Ministry of Transport or local jurisdictions;

- Proceeds from sale of invitations for bid for participation in selection of investors;

- Payments made by the investor selected to execute the project;

- Other legitimate funds.

View more details at the Decree No. 159/2018/NĐ-CP of Vietnam’s Government, effective from January 11, 2019.

Ty Na

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