Decree No. 42/2017/ND-CP dated April 5th, 2017 of the Government on amendments to the Government's Decree No. 59/2015/ND-CP dated June 18, 2015 on management of construction projects

According to the amendment in Clause 8 article 1 of this Decree, each investor may use its legal status and qualified affiliated units to directly manage construction projects with less than VND 15 billion in total investment. Under the earlier regulation provided in Clause 1 Article 21 of Decree No. 59/2015/ND-CP , the investor is only allowed directly managing construction projects with less than VND 5 billion in total investment.

In addition, this Decree also supplements the regulations on certificate of eligibility for construction activities. Accordingly, any entity engaging in the following areas must obtain a certificate of eligibility for construction activities: construction survey; construction planning formulation; design and design assessment; construction project formulation and inspection; management consultancy; construction execution; construction supervision; construction inspection; construction cost management (Clause 19 Article 1).

With regard to foreign contractors, this Decree supplements the regulations on allowing foreign contractors to directly carry out procedures for import/export, temporary import, temporary export, liquidation of goods in respect of the contract agreement (Clause 22 Article 1).

This Decree takes effect from June 1st, 2017.