Abstract
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 In Vietnam, the system of construction cost norms, issued by Vietnamese government applied throughout the country, is obsolete and does not keep pace with the development of construction technologies, leaving a huge gap in practice.In developed countries, the collection and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.
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