Today, LSX Lawfirm will give you an article about: “Encouragement policies in construction investment activities in Vietnam”, as follows:
Law on construction law 2014
What means of construction investment activity?
Construction investment activity is the process of carrying out construction activities including new construction, repair and renovation of construction works.
Related article: Foreign investors do business in construction services in Viet Nam
Encouragement policies in construction investment activities in Vietnam
The first encouragement policy in construction investment activities
Firstly, the State encouraged construction investment activities performed to:
- Then, embellish and promote the value of historical relics, cultural heritages, beliefs and religion and those performed under planning in mountainous areas, islands, areas facing exceptionally difficult socio-economic conditions and areas prone to climate change.
The second encouragement policy in construction investment activities
Stakeholders of all economic sectors in construction investment activities treated:
- Equal before law
- Encouraged and given favorable conditions in construction investment activities
- Contractors with works conferred by the State with the construction work quality awards given priority when they participate in bidding in construction activities.
The third encouragement policy in construction investment activities
Accordingly, a number of public services provided by state management agencies in construction investment activities shall be gradually transferred to fully capable and qualified socio- professional organizations for provision.
Construction investment activities means?
So, Construction investment activities means a process of conducting construction activities including construction, repair and renovation of a construction work.The insurer is not liable?
The insurer is not liable for the following losses:
-Arising from willful acts;
-Then, be not incidental;
-Cannot be quantified in monetary terms;
Loss arising in the event that the policyholder does not have an insurable interest. It related to “Encouragement policies in construction investment activities in Vietnam”.
Construction investment project means?
So, construction investment project means a collection of proposals concerning use of funds for construction, repair or renovation of a construction work with a view to developing, maintaining and raising the quality of the work or product or service within a given duration at specified costs. At the stage of investment construction project preparation, the project shall be demonstrated through the construction investment pre-feasibility study report, the construction investment feasibility study report or construction investment economic-technical report.
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