Under the Circular, engineering certificates for construction valuation shall be issued at the price of 300,000 VND per certificate, representing a 100,000 VND increase over the original cost. Additional certificates may now also be issued at a cost of 150,000 VND per certificate.
Permits for foreign contractors will also be affected by the Circular. From 1 May 2012, foreign contractors may be provided a contracting or construction consultancy permit at a cost of 2,000,000 VND per permit.
This Circular will take effect from the dated of 5 January 2012 and replaces Circular No. 167/2009/TT-BTC dated 19 August 2009 of the Ministry of Finance.