New circulars regulate construction contracts

The Ministry of Construction issued Circular 09/20111/TT-BXD on June 28, establishing templates for construction contracts using 30 per cent or more of State capital, including funds from the State budget, official development assistance (ODA), State development credit, credit capital guaranteed by the State, and investments by State-owned enterprises. The construction contract templates attached to Circular [...]

Economic meltdown hits interior makers in central province

An economic turmoil has force many furniture makers in the central province of Binh Dinh to reduce operation or shut down this year. Statistics show there are 160 furniture manufacturers in the province with the total fabricating output of 345,000 cubic meters of wood per year. Binh Dinh Province’s export turnover of furniture amounted to [...]

Construction firms report H1 losses

Local construction corporations are concerned about whether they will be able to overcome the current difficulties in the second half of the year Many have reported revenue losses in the past six months, partly due to the global economic downturn. In a Ministry of Construction online briefing session, general director of Song Da Construction Corporation [...]

PMU sets strict requirements to exclude domestic contractors

The Hanoi Urban Railway Project Management Unit (PMU) has been criticized for deliberately having set up overly strict requirements on contractors which aim to exclude domestic contractors. A lot of domestic contractors hoped that they would get the chance to implement the project on building overhead platforms, which are a part of the pilot urban [...]

Plan to shut old factories making building-materials

Ho Chi Minh City ‘s Department of Construction has targeted eliminating ineffective building-materials production establishments by 2020. This is one of the main objectives of the city’s VND1.67 trillion building-materials development plan for the 2011-20 period. To realise this goal, the city will close all establishments that produce clay bricks and roofing tiles with rudimentary [...]

Plan to shut old factories making building-materials

HCM City’s Department of Construction has targeted eliminating ineffective building-materials production establishments by 2020. This is one of the main objectives of the city’s VND 1.673 trillion building-materials development plan for the 2011-20 period. To realise this goal, the city will close all establishments that produce clay bricks and roofing tiles with rudimentary methods. The [...]

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