International cooperation in construction investment activities in Vietnam
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Legal grounds
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
Issuing construction permits for foreign contractors
Basic principles of construction investment activities in Vietnam
International cooperation in construction investment activities in Vietnam
Firstly, Domestic organizations and individuals shall be encouraged to expand international cooperation in construction investment activities, transfer of technologies, techniques, managerial experiences and use of new materials.
Secondly, The State shallL
- Protect Vietnamese construction brands overseas
- Then, create conditions to support and work out measures
- Promote the conclusion and implementation of treaties and international agreements in construction investment activities between domestic organizations and individuals and foreign organizations and individuals on the basis of ensuring the fundamental principles in construction investment activities prescribed in Article 4 of The Construction Law.
Related questions about “International cooperation in construction investment activities in Vietnam”
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:
Loss:
-Arising from willful acts;
-Then, be not incidental;
-Cannot be quantified in monetary terms;
Catastrophic damage;
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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