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Completion of the Final Settlement of Public Investment Capital in Construction in Vietnam

  • 2026
  • OriginalPaper
  • Chapter
Published in:
Authors
Khoi Tran Van
Dung Nguyen Thi Tuyet
Bui Nguyen Tien
Published in
4th International Conference on Structural Health Monitoring and Engineering Structures (SHM&ES 2025)
Publisher
Springer Nature Switzerland

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Abstract

This chapter delves into the final settlement of public investment capital in Vietnam's construction sector, a crucial process for financial management and transparency. It examines the distinctive characteristics of this process, including its legal framework, the challenges posed by price fluctuations, and the complexity of the settlement procedures. The text highlights significant shortcomings, such as decentralization issues, lack of synchronization in legal regulations, and limited human resources, which hinder the efficient final settlement of investment capital. It also explores the causes of these shortcomings, including overlapping legal documents, inadequate project owner capacity, and market price fluctuations. The chapter concludes with proposed solutions to improve the final settlement process, emphasizing the need for enhanced state management, simplified procedures, and reinforced capacity and accountability of stakeholders. It also underscores the importance of incorporating the final settlement into annual inspection and audit plans. By addressing these issues, the text aims to enhance the effectiveness of construction investment management in Vietnam.
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Title
Completion of the Final Settlement of Public Investment Capital in Construction in Vietnam
Authors
Khoi Tran Van
Dung Nguyen Thi Tuyet
Bui Nguyen Tien
Copyright Year
2026
Book
4th International Conference on Structural Health Monitoring and Engineering Structures (SHM&ES 2025)

Print ISBN: 978-3-032-04644-4

Electronic ISBN: 978-3-032-04645-1

Copyright Year: 2026

DOI
https://doi.org/10.1007/978-3-032-04645-1_59
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