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blue-check Regarding selection of payment currency for a construction contract

Official letter No. 2648/BXD-KTXD dated July 12th, 2021 of the Ministry of Construction regarding competence to adjust a contract
Posted: 23/7/2021 2:19:37 PM | Latest updated: 4/8/2021 10:37:53 AM (GMT+7) | LuatVietnam: 5262 | Vietlaw: 520
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According to opinions of the Ministry of Construction, if there are differences in payment currency and ratio of each currency between documents attached to a construction contract using ODA fund, it is required to base on the order of priority of documents enclosed with the construction contract as regulated at Clause 3 Article 142 of the Law on Construction and clause 3 Article 1 of Decree No. 37/2015/ND-CPstatus2 to carry out.

In case a treaty to which Vietnam is a contracting party contains provisions different from the aforesaid regulations, to carry out according to that treaty.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 520
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