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Saturday, February 11, 2012




Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



HO CHI MINH STOCK INDEX (VNINDEX:IND)


HO CHI MINH STOCK INDEX


New Bidding Rules Prioritize Local Companies for State Projects

Apr. 26 – New bidding regulations will favor local contractors and materials for state-sponsored projects and programs.

International tenders for goods and equipment will only be allowed if local bids are not able to meet required standards, if the required materials are unavailable in the country, or if official development assistance (ODA) requires that foreign contractors must be considered according to Directive 494/CT-TTg.

Transactions related to the bidding process must be made in Vietnamese dong unless goods and services are imported overseas.  According to the directive, hiring foreign workers is not allowed when suitably qualified Vietnamese workers are available.

Moreover, international bidding is forbidden in engineering procurement and construction contracts where local companies are suitably qualified to carry out the projects.

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