50% of units have not issued norms, making it difficult to manage public assets

VCN - The Law on Public Property Management and Use has been in force for more than 1 year. So far, the basic guiding documents have been fully enacted and come to life. However, some problems arising in deployment have been recognized and it is necessary to have timely solutions in the future.
tin nhap 20190520104739 It is impossible to procure and sell public assets due to slow issuance of norms by many ministries
tin nhap 20190520104739 VUSTA not eligible to buy public automobiles
tin nhap 20190520104739 Standardize the database to transparently manage public assets
tin nhap 20190520104739
The online conference evaluates the implementation of the Law on Public Property Management and Use on May 16, 2019.

The legal basis has been fully set

The Law on Management and Use of Public Assets approved by the XIV National Assembly on June 21, 2017, took effect from January 1, 2018. So far, except for the decree regulating the use of public assets to pay investors for implementing projects in the form of Build-Transfer (BT) contracts, the guiding documents have been approved by The Government, the Prime Minister, the Ministry of Finance and the concerned ministries and branches to issue a legal basis for implementation.

There have been 11 ministries, branches and 62 localities issuing regulations on decentralization of public property management; 6 ministries, branches and 15 localities issued regulations on decentralization of authority to issue standards and norms for specialized machinery and equipment; 3 ministries, branches and 5 localities shall issue regulations on decentralization of authority to publicize standards and norms of non-business facilities of establishments under their management.

However, according to La Van Thinh, Director of the Department of Public Management, Ministry of Finance, some types of assets and fields lacking detailed regulations or are no longer suitable to the Law but have not been replaced, amended or supplemented.

About 50% of ministries, branches and localities still have not issued standards and norms for use of specialized offices, non-business facilities, specialized machinery and equipment affecting construction investment, purchasing, repairing, upgrading, renovating and handling of assets. The main cause is due to specialized ministries such as Ministry of Health, Ministry of Education and Training, Ministry of Labor, War Invalids and Social Affairs which have not issued detailed regulations on standards and norms for asset use within the ministries therefore branches and localities have no basis to formulate and promulgate standards and norms for agencies, organizations and units under their management scope.

Some ministries, branches and localities have not yet issued timely decentralized authority documents; In particular, some ministries, branches and localities continue to use decentralized regulations issued before the effective date of the Law on Management and Use of Public Assets which leads to incorrect authority when deciding on purchasing, renting, using, handling public assets, handling assets established as a whole.

tin nhap 20190520104739
The Ministry of Health is one of the units delaying the promulgation of standards and norms for the use of public assets. Source: Internet.

In order to continue implementing the Law, the Ministry of Finance will coordinate with ministries and branches to complete the documents detailing the implementation of the Law. The Ministry of Finance also proposed the Ministry of Health, the Ministry of Education and Training, the Ministry of Labor, War Invalids and Social Affairs to urgently issue documents detailing the guidance on standards and norms on the use of public properties used in the field of health, education and training.

In addition, ministries, branches and localities should develop and promulgate guidelines for the use of specialized public assets to serve as a basis for the assignment, construction investment, procurement and management, using and handling public assets at agencies, organizations and units under their management; review the list of centralized procurement assets of ministries, branches and localities to replace or amend, supplement and ensure legal grounds according to the provisions of the Law; ...

In addition, it is necessary to urgently issue regulations on assets of high value to determine the authority to approve the scheme on the use of public assets in public non-business units under the management scope for business and leasing purposes.

Especially strengthening inspection of the management and use of public assets at agencies, organizations and units under the scope of management; promptly handle according to the provisions of relevant laws, for organizations and individuals that fall under the management competence that violate the management and use of public properties. The inspection and examination must be carried out from the estimation stage, construction, investment and procurement.

Promote the application of information technology

Accompanying the drafting committee since the Law on Management and Use of Public Property, Nguyen Huu Quang - Vice Chairman of the Finance and Budget Committee of the National Assembly evaluated: This is a very lawful important document, not only because of the inheritance law and solving the problems of the 2008 Law on State Property Management, but also legalizing new contents in the 2013 Constitution.

According to Quang, this has ensured that all types of public assets must be managed strictly and effectively by law. The clear classification of public assets according to the groups stipulated in the law also ensures the use and management of assets according to predetermined principles, from which the assets are used effectively, economically, publicly and transparently; prevent and repel losses, waste, corruption and other acts of infringing upon public property; rational and efficient exploitation of public resources to serve the state management and an important resource for socio-economic development.

Looking back on the one-year old law, Quang said: To ensure more effective implementation of the law, the Government, the Ministry of Finance, ministries, branches and localities should review to amend, supplement and issue new legal documents under the authority of decentralization in the management and use of public properties; standards and norms for the use of specialized machinery and equipment in the management domain, especially special-use assets in the fields of health and education.

tin nhap 20190520104739 Identify and resolutely eliminate waste and loss of public assets

At the same time, promote the application of information technology to the management and use of public assets in order to improve the efficiency and effectiveness of state management of public properties; strengthening dissemination and propaganda on management and use of public assets; regularly inspect and supervise the management and use of public assets according to regulations.

By Hong Van/ Huu Tuc

Related News

Strong decentralization for ministries, branches and localities to manage and use electricity projects

Strong decentralization for ministries, branches and localities to manage and use electricity projects

VCN - Responding to petitions from voters in Lao Cai province related to problems in handing over public assets such as power grid projects to the electricity industry for management, the Ministry of Finance said that it has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).
Ministry of Finance conducts general verification of public assets

Ministry of Finance conducts general verification of public assets

VCN - The Ministry of Finance issued Decision No.798/QĐ-BTC on the plan for implementing Decision No.213/QĐ-TTg of the Prime Minister approving the scheme on general verification of public assets at agencies, organizations, and units as well as infrastructures that are invested and managed by the State.
Handling public assets to ensure effective use

Handling public assets to ensure effective use

VCN- On the morning of November 6, under the chair of National Assembly Chairman Vuong Dinh Hue, the National Assembly implemented the question-and-answer session. At the session, National Assembly delegates were intersected in the public asset management and asked Minister of Finance.
Amend regulations on management and use of public assets

Amend regulations on management and use of public assets

VCN - The Ministry of Finance is developing a draft Decree amending and supplementing a number of articles of Decree No. 151/2017/ND-CP of the Government detailing a number of articles of the Law on Management and Use public property.

Latest News

Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

VCN - Speaking at the Conference to collect opinions on the draft Government Decree regulating the Land Development Fund held by the Ministry of Finance on April 22, Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.

More News

Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.
Corporate bond maturity in 2024 remains high: MoF

Corporate bond maturity in 2024 remains high: MoF

The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Support clearance procedures for imported gold for bidding

Support clearance procedures for imported gold for bidding

VCN - The State Bank (SBV) has sent a document to competent ministries and branches requesting coordination in implementing the Prime Minister's direction in gold market management.
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

VCN - According to forecasts, Vietnam's financial sector in 2024 will be more positive, with the exchange rate gradually cooling down from the end of the second quarter of 2024, while interest rates will remain low to promote growth.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).
Central bank plans to auction gold bars on April 22

Central bank plans to auction gold bars on April 22

The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Old loans must endure higher interest rates temporarily: central bank

Old loans must endure higher interest rates temporarily: central bank

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Read More

Your care

Latest Most read
Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
Mobile Version