On March 3, 2023, the Ministry of Construction issued Circular 02/2023/TT-BXD guiding some contents of construction contracts (Circular 02), replacing Circular 07/2016/TT-BXD, Circular 08/2016/TT-BXD, Circular 09/2016/TT-BXD and Circular 30/2016/TT-BXD. Circular 02 will take effect from April 20, 2023 with some notable contents as follows:
(i) Regulating adjustments to unit prices and prices of construction contracts;
(ii) Regulating adjustments to construction contract performance progress;
(iii) Regulating some details of payment and temporary payment for construction contracts.