Instruct to handle project’s assets after completing

VCN- Responding to the Ministry of Health regarding the handling of project’s assets after the project is completed, the Ministry of Finance said that if the signed Project Agreement does not specify the beneficiaries of project’s assets after it is completed, Minister of Finance shall be entitled to consider and approve the transfer plan.
instruct to handle projects assets after completing Need a tax covering all kinds of assets
instruct to handle projects assets after completing Identify and resolutely eliminate waste and loss of public assets
instruct to handle projects assets after completing Promote online tax declaration for individuals who have assets for lease
instruct to handle projects assets after completing
IIllustrative photo

Recently, the Ministry of Health has sent an official letter to the Ministry of Finance asking about the asset handling of the project on prevention and control of infectious diseases in the Mekong sub-region in the second phase.

The Ministry of Finance stated that, the signed Project Agreement does not specify the beneficiaries of project’s assets after it is completed, so the asset handling under the form of transferring these assets to localities shall comply with the provisions of Article 103 of the Law on Management and Use of Public Asset and Clause 1, Article 93 of Decree No. 151/2017/ ND-CP of the Government.

Accordingly, the Minister of Finance shall consider and approve the transfer plan as the request of the Minister of Health and the Chairman of the provincial People's Committee (the locality receiving the asset).

instruct to handle projects assets after completing Allowing procurement for public cars completed procedures before 1st January 2018

VCN- While waiting for the promulgation of the decree guiding the standards and norms of using public ...

The reception of assets that are machinery and equipment must meet the standards and norms on the use of machinery and equipment prescribed in the Prime Minister's Decision No.50/2017/QD-TTg. In addition, the Ministry of Finance also noted that if the asset is a car, the reception must meet the standard and norms for the use of cars as stipulated in the Government’s Decree No. 04/2019/ ND-CP regulating standards and norms for use of cars.

By Hong Van/ Ngoc Loan

Related News

Customs sector deploys work in 2025

Customs sector deploys work in 2025

VCN - On December 16, the General Department of Customs held an online conference to review the results of work in 2024 and deploy tasks for 2025. Minister of Finance Nguyen Van Thang attended and directed the conference. Director General Nguyen Van Tho chaired the conference. Attending the conference were former Director General of Customs General Department Nguyen Van Can, former Deputy Director General of Customs General Department of Customs Hoang Viet Cuong and Deputy Directors General: Luu Manh Tuong, Dinh Ngoc Thang, Au Anh Tuan, Tran Duc Hung and representatives of a number of departments, bureaus and general departments under the Ministry of Finance.
National Assembly approves appointment of new Minister of Finance Nguyen Van Thang

National Assembly approves appointment of new Minister of Finance Nguyen Van Thang

VCN – At the meeting on the afternoon of November 28, 2024, within the framework of the 8th session, the National Assembly voted to adopt a resolution approving the Prime Minister's proposal to appoint Nguyen Van Thang as Minister of Finance for the 2021-2026 term.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Amending the law to unblock and effectively use public property

Amending the law to unblock and effectively use public property

VCN - Amending and supplementing the Law on Management and Use of Public Property will strengthen decentralization, simplify administrative procedures, increase initiative and self-responsibility for grassroots units to perform assigned tasks. Along with that, decentralization will be linked with increased inspection and supervision by competent agencies.

Latest News

New regulations on procurement, exploitation, and leasing of public assets

New regulations on procurement, exploitation, and leasing of public assets

VCN - Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes. These include updates on authority, methods of asset exploitation in agencies and units, plans for leasing, joint ventures, and partnerships in public service units, as well as centralized procurement procedures.
Actively listening to the voice of the business community

Actively listening to the voice of the business community

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - Promoting negotiations on customs commitments within the framework of free trade agreements (FTAs) plays an important role in facilitating import and export activities. These commitments not only help optimize the customs clearance process but also minimize costs and risks for businesses, opening up great opportunities for Vietnamese goods to access deeper into the international market.
Proposal to amend regulations on goods circulation

Proposal to amend regulations on goods circulation

VCN - To perfect the policy on customs procedures, inspection and supervision, enterprises and associations have contributed many ideas from practical activities. Thereby, the Drafting Committee (General Department of Customs) has more perspectives to build policies to meet the goal of facilitating trade and ensuring state management of customs.

More News

Review of VAT exemptions for imported machinery and equipment

Review of VAT exemptions for imported machinery and equipment

VCN - The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural production.
Customs tightens oversight on e-commerce imports

Customs tightens oversight on e-commerce imports

VCN - The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms, addressing ambiguities and ensuring consistent enforcement across provincial and municipal customs departments.
Bringing practical experience into customs management policy

Bringing practical experience into customs management policy

VCN - At the workshop to collect opinions from Southern Customs units on the draft Decree amending and supplementing Decree 08/2015/ND-CP dated January 21, 2015 of the Government; the draft Circular amending and supplementing Circular 38/2015/TT-BTC dated March 25, 2015 and Circular 39/2018/TT-BTC dated April 20, 2018 of the Minister of Finance, organized by the General Department of Customs last weekend, many Southern Customs units contributed specific contents from practical operations in the locality.
Businesses anticipate new policies on customs procedures and supervision

Businesses anticipate new policies on customs procedures and supervision

VCN - With this year’s import-export turnover estimated at nearly US$800 billion and forecasting to surpass this milestone next year, the business community holds high expectations for upcoming amendments and supplements to customs management, procedures, and supervision policies. These changes are expected not only to facilitate trade but also to enhance state management efficiency and support economic development.
Do exported foods need iodine supplementation?

Do exported foods need iodine supplementation?

VCN - Currently, Vietnamese processed food products, including seafood products, have been exported to more than 160 countries, and no country has yet required that "salt used in food processing must be salt with added iodine".
Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

VCN - With the majority of National Assembly deputies voting in favor, the National Assembly officially approved the revised Value-Added Tax (VAT) Law during its afternoon session on November 26, 2024, as part of the 8th session's agenda.
Proposal to change the application time of new regulations on construction materials import

Proposal to change the application time of new regulations on construction materials import

VCN - To comply with the circular on quality management of construction materials, many businesses importing this item are complaining about difficulties and asking for an extension of the implementation time.
Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

VCN - In order to promote the early recovery and development of production and business activities, contributing back to the State budget, the Ministry of Finance proposed to continue reducing 2% of VAT on groups of goods and services currently subject to a tax rate of 10% in the first 6 months of 2025.
Hanoi Customs resolves tax policy queries for enterprises

Hanoi Customs resolves tax policy queries for enterprises

VCN - Queries regarding customs consultation procedures and tax refunds due to price reduction clauses were addressed by the Hanoi Customs Department, providing clarity for businesses.
Read More

Your care

Latest Most read
New regulations on procurement, exploitation, and leasing of public assets

New regulations on procurement, exploitation, and leasing of public assets

Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes.
Actively listening to the voice of the business community

Actively listening to the voice of the business community

Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - In addition to promoting negotiations on customs commitments within the framework of FTAs ​​under negotiation, the General Department of Customs actively supports businesses to effectively utilize commitments in signed FTAs, especially CPTPP, EVFTA,
Proposal to amend regulations on goods circulation

Proposal to amend regulations on goods circulation

VCN - The Vietnam Association of Maritime Agents, Brokers and Services has proposes to amend and supplement regulations related to the transport of goods subject to customs supervision.
Review of VAT exemptions for imported machinery and equipment

Review of VAT exemptions for imported machinery and equipment

The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural
Mobile Version