Ensure timely and effective management and use of public asset

	How to determine the value of public assets?
	Accurately determining current state of public assets nationwide

Illustrative photo.

According to the dispatch, the Ministry of Finance requests ministries, ministerial-level agencies, government agencies, other central agencies, People's Councils and People's Committees of provinces and centrally run cities to disseminate provisions of Decree No. 114/2024/ND-CP to relevant agencies, organizations and units, ensuring that subjects governed by the Decree fully, accurately and promptly grasp the contents of the Decree and guiding documents (if any).

The Ministry of Finance requests ministries, branches and localities to review and report to the Minister, head of central agencies, People’s Councils of provinces and centrally run cities to issue regulations on power to decide on the management and use of public assets.

These are procurement of public assets, procurement of consumables; leasing of assets; exploitation of public assets at agencies, organizations and units; recovery, transfer, sale, liquidation, destruction, and disposal of public assets at agencies, organizations, and units.

Authority to decide on the value of assets attached to land when selling offices and public service facilities of agencies, organizations, and units; authority to approve asset disposal plans of projects using state capital.

During the time when the Minister, head of a central agency, or provincial People's Council have not yet issued regulations on the authority to decide on the purchase, lease, use, disposal, and exploitation of public assets as prescribed in the Decree, the authority to decide will be implemented under the decentralization as per the provisions of Decree No. 151/2017/ND-CP.

The Ministry of Finance requests agencies, organizations and units under their management that have public asset exploitation activities as prescribed in Clause 7 and Clause 37, Article 1 of Decree No. 114/2024/ND-CP before October 30, 2024 without a Project approved by a competent authority or person, to review and report to the competent authority or person for consideration and decision on the exploitation of the assets in accordance with the provisions of Decree No. 114/2024/ND-CP within one year from October 30, 2024.

After the deadline, if the agency, organization or unit is not approved by a competent authority or person, it must stop exploiting public assets.

Regarding the centralized procurement, the Ministry of Finance requires the units to direct the review and report to the Minister, the head of the central agency, the People's Committee of the province, and the centrally-run city to assign tasks to the units under the ministry, the central agency, and the provinces to act as centralized procurement units of the ministry, the central agency, and the province to perform the tasks.

Additionally, the Ministry directs units to review and report to the Minister, the head of the central agency, the People's Committee of the province, and the centrally-run city to issue documents guiding the technical standards and estimated prices of assets in the centralized procurement list (including the national centralized procurement list and the centralized procurement list of the ministry, central agency, and province) in accordance with the standards, norms, and usage needs of the agencies, organizations, and units under their management.

At the same time, issue regulations on the deadline for synthesizing centralized procurement needs (completed in 2024) for agencies, organizations, and units to register asset procurement needs and send them to the superior management agency (centralized procurement registration focal point).

The centralized procurement registration focal point synthesizes and sends asset procurement needs to the centralized procurement units of ministries, central agencies, and provinces as a basis for organizing the implementation of centralized procurement for assets on the list of assets for centralized procurement at the national level from 2025.

The centralized procurement is applied when all conditions are met as prescribed in Clause 1, Article 53 of the 2023 Law on Bidding.

In case of difficulties or problems in determining the conditions for applying centralized procurement, it is recommended to send a written document to the Ministry of Planning and Investment for guidance and answers.