The Ministry of Construction has issued Circular No.14/2016/TT-BXD on guiding procedures for the grant of contractor licenses and management of foreign construction contractors in Viet Nam.
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Accordingly, foreign contractors are allowed to launch construction activities in Viet Nam only when they are granted with construction licenses by Vietnamese authorities.
Foreign contractors must follow Viet Nam’s laws and regulations and relevant Conventions Viet Nam has signed.
The granting of construction license will be realized based on Article No. 71 of Decree No. 59/2015/ND-CP dated June 18, 2015 of the Government on construction project management.
Foreign contractors are responsible for paying expenditures when receiving construction licenses or licenses to adjust construction activities.
Foreign contractors will have their construction licenses revoked in the cases that they do not surmount violations when asked by State management agencies or they are sanctioned for administrative violations more than twice.
The Circular will come into effect from August 15, 2016.
(Source:VGP)
