REDUCING TIME LIMITS FOR GRANTING CONTRACTING LICENSES TO FOREIGN CONTRACTORS
The Prime Minister issued the Decision 03/2012/QD-TTg dated January 16, 2012 amending and supplementing a number of articles of the regulation on management of operations of foreign contractors in the construction domain in Vietnam promulgated together with Decision No. 87/2004/QD-TTg.
Under this Decision, dossier of application for contracting licenses comprises an application for a contracting license which is submitted directly or by post to granting … for consideration to be granted contracting licenses in Vietnam instead of not specifying in the current regulations.
The composition of dossier of application for a contracting license is the same as the previous regulation. But the time limits for granting contracting licenses to foreign contractors is within 15 working days after receiving complete and valid dossiers as regulated; In case of refusal to grant licenses, they shall reply the contractors in writing, clearly stating the reasons.This Decision takes effect on March 1, 2012.