Conditions and requirements
Thứ năm, 25/11/2010 07:00
According to Article 4 of the Regulation on management of operation of foreign contractors in the construction field in Vietnam (issued together with Decision No. 87/2004/QD-TTg of May 19, 2004), to be licensed for construction, foreign contractors must satisfy the following conditions and requirements:
1. For bidding packages subject to the application of Vietnam’s law provisions on bidding:
- Having won biddings or having been selected for construction.
- Having signed contracts.
2. For bidding packages not subject to the application of Vietnam’s law provisions on bidding:
- Having won biddings or having been selected for construction.
- Having signed contracts.
- Having full capability suitable to the contracted works according to Vietnamese law provisions.
3. In all cases of being contracted (as a result of winning bids or being selected as contractors), foreign contractors shall have to enter into partnership with Vietnamese contractors or employ Vietnamese subcontractors (except for cases permitted by the Prime Minister or provided for by Vietnamese laws).
4. They must commit to fully observe Vietnamese law provisions concerning contracting activities in Vietnam.