Open AccessManagement of construction prices in vietnam under market orientation In the period of international integration
Author(s) -
Hai Doan Duong,
Quang Dinh Dang,
Khoa Do Huu,
Duyen Dang Thi Hong,
Hieu Nguyen Dinh
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/869/6/062004
Subject(s) - vietnamese , pace , planned economy , government (linguistics) , business , unit (ring theory) , market orientation , international market , economics , market economy , economy , marketing , commerce , geography , philosophy , linguistics , mathematics education , mathematics , geodesy
Different from countries with long-standing market economies, Vietnam and the Russian Federation are both transitioning from a centrally-planned economy to a market economy, so the determination of the state role in construction price management is particularly important. In Vietnam, the system of construction cost norms, issued by Vietnamese government applied throughout the country, is obsolete and does not keep pace with the development of construction technologies, leaving a huge gap in practice. In developed countries, the collection and establishment of construction price data are based on detailed unit prices finished construction contracts, official published national statistics, and annual reports from professional associations and businesses. This paper surveys literature review on the topic of construction price management and analyses, current situation and construction price formation in Vietnam which contributes to innovating the way of forming and managing construction prices in the direction of market and international integration.