THE INVESTOR IS ALLOWED TO DIRECTLY MANAGE CONSTRUCTION PROJECTS WITH LESS THAN VND 15 BILLION

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Takes effect on June 01, 2017, the Decree No. 42/2017/ND-CP dated April 05, 2017 of the Government on amendments to the Government’s Decree No. 59/2015/ND-CP dated June 18, 2015 on management of construction investment projects, to allow that the investor shall use its legal status and qualified affiliated units to directly manage construction projects with less than VND 15 billion in total investment; in case of ineligibility.

Another important content is the regulations on certificate of eligibility for construction supervision. Accordingly, to get the class I, there are at least 10 people obtaining licenses for construction supervision practice class I that conform to their certificates; there are at least 15 employees in the quality control system of the construction supervision organization who have professional competence that conform to the certificate and the organization carried out construction supervision of at least 1 Work class I or 2 Works class II that conforms to its certificate.

For class II, there are at least 10 people obtaining licenses for construction supervision practice class II that conform to their certificates, there are at least 15 employees in the quality control system of the construction supervision organization who have professional competence that conform to the certificate; and the organization carried out construction supervision of at least 1 Work class II or 2 Works class III that conforms to its certificate.

Source: http://english.luatvietnam.vn/default.aspx?tabid=720