Do repair projects with total investment of less than VND 15 billion have to appraise projects in Vietnam?

Do repair projects with total investment of less than VND 15 billion have to appraise projects in Vietnam?

According to Clause 3, Article 5 of Decree 15/2021/ND-CP on classification of construction projects, in which:

3. Unless the investment-decision maker requires a feasibility study report, the following construction projects only require an economic - technical report:

a) Projects for religious purposes;

b) Projects for new construction, repair, innovation or upgrade with total investment of less than VND 15 billion (excluding land levies);

c) Projects primarily for procurement of goods, services, installation of equipment or projects for repair, renovation without impact on bearing structure of the works with the cost of construction component less than 10% of total investment and less than VND 5 billion (except for projects of national importance, projects of group A, PPP projects).

Thus, based on the above regulations in Vietnam, if the investment in construction and repair projects with total investment of less than VND 15 billion (excluding land use fees), it is only necessary to prepare an economic - technical report on construction investment.

At the same time, Clause 5, Article 57 of the Law on Construction 2014, for construction investment projects only requiring construction investment economic- technical reports, the competence to appraise these construction investment projects is prescribed as follows:

a/ If the projects use state budget funds, the specialized construction agencies shall assume the prime responsibility for organizing the appraisal of the contents of their construction investment economic-technical reports prescribed in Clause 4, Article 58 of this Law;

b/ If the projects use non-budget state funds, the specialized construction agencies shall, as decentralized, assume the prime responsibility for appraising their construction drawing designs and cost estimates. The specialized agencies attached to investment deciders shall appraise the technological designs (if any) and other contents of their construction investment economic-technical reports;

c/ If the projects use other funds, investment deciders or project owners shall organize by themselves the appraisal of their construction drawing designs and cost estimates, except works of special grade or grade I and works greatly affecting the landscape, environment and community safety, and take responsibility for the appraised contents.

It can be seen that, for an investment project according to the information you provided in Vietnam, the project appraisal will have to be carried out according to the above provisions. Therefore, you can compare with your particular case.

Best Regards!