Perfecting the law on management and use of public property

VCN - At the conference of collecting feedbacks of ministries and localities on amending and supplementing the Law on Management and Use of Public Property held by the Ministry of Finance on August 26, delegates proposed amendments to increase efficiency and autonomy in the management and use of public property.
View of the Conference to collect opinions on amending and supplementing the Law on Management and Use of Public Property
View of the Conference to collect opinions on amending and supplementing the Law on Management and Use of Public Property

Removing shortcomings in the management and use of public property

At the conference, Mr. Nguyen Tan Thinh, Director of the Public Asset Management Department (Ministry of Finance), stated that the Ministry of Finance is urgently finalizing a draft law to amend and supplement a number of articles in laws under the Ministry of Finance's state management, including the Law on Management and Use of Public Assets. The purpose of the law amendment is to release resources, promote growth, stabilize the macroeconomy, and control inflation. Therefore, the scope of this amendment focuses only on important issues that have a quick and immediate impact on achieving the above goals.

Sharing more specifically about the remaining inadequacies, Ms. Tran Dieu An, Deputy Director of the Public Asset Management Department, Ministry of Finance, said that in the process of socio-economic development and international integration, the requirements for managing and using public assets have also changed, and some provisions of the Law on Management and Use of Public Assets have revealed limitations, inadequacies, and no longer suit the new context.

Citing the regulation on the approval authority for the Project of using public assets for business purposes, leasing, joint ventures, and partnerships, Ms. Dieu An said that the current Law on Management and Use of Public Assets stipulates that the approval authority belongs to the minister, head of the central agency, or chairman of the provincial People's Committee. According to Ms. Tran Dieu An, this regulation has limited the proactiveness of ministries, branches, localities, and subordinate units in exploiting public assets at public service units.

Also according to Ms. Tran Dieu An, the regulations on the exploitation of infrastructure assets are currently unreasonable, causing unnecessary administrative procedures; some regulations on the depreciation of public assets are not synchronized and do not meet the practical needs of agencies, organizations, units, and enterprises entrusted with the management, use, and exploitation of assets. Based on this practice and to amend and supplement urgent issues, in the draft amendment to the Law on Management and Use of Public Assets, the Public Asset Management Department has proposed amending Article 39 on the maintenance and repair of public assets in the direction of promoting decentralization, deconcentration, and assigning the responsibility for issuing norms for maintenance and repair of public assets to the heads of agencies, organizations, and units entrusted with the management and use of public assets, along with the specific identification of the basis for issuing norms as a basis for organization, implementation, and inspection.

In addition, according to Ms. Tran Dieu An, the drafting agency has amended and updated the form of handling public assets at agencies, organizations, and units. Accordingly, through the actual implementation of handling public assets such as houses, land, and infrastructure assets, the form of transfer to localities for management and handling is a widely applied form and is the basis for localities to effectively receive and handle surplus houses, land, and infrastructure assets, generate revenue for the state budget, and supplement financial resources for socio-economic development. Therefore, according to Ms. An, it is necessary to supplement the form of transfer to localities for management and handling into the forms of handling public assets at agencies, organizations, and units, and infrastructure assets.

Enhancing autonomy in the management and use of public assets

Regarding the decentralization and delegation of authority to ministries, sectors, and localities in the management and use of public assets, according to Mr. Nguyen Tan Thinh, the goal of amending and supplementing the Law on Management and Use of Public Assets is to enhance the autonomy and responsibility of agencies and local units in managing public assets. Decentralization and delegation must be suitable to the actual conditions of each ministry, sector, and locality, as well as the capacity of the authorized agencies and units. However, there needs to be close coordination among levels and sectors, along with mechanisms for inspection and control to ensure that decentralization and delegation are carried out correctly and effectively. Mr. Nguyen Tan Thinh emphasized that decentralization and delegation do not mean that higher-level agencies are not responsible for the management of public assets; they still bear responsibility when problems arise.

At the conference, representatives from Son La province proposed adding Article 47a to stipulate the form of transferring assets to localities for handling, including three clauses. Clause 1 stipulates the form of transfer to localities for management and handling, which applies to public assets such as workplaces and operational facilities of institutions and is implemented in specific cases as prescribed. Clause 2 stipulates that the state agency transferring assets shall be responsible for handing over the assets to the land fund development organization as prescribed by the Law on Land. As for Clause 3, the Government shall prescribe the authority, procedures, and formalities for deciding to transfer land to localities for management and handling.

Representatives from Ha Giang province suggested that when amending the Law on Management and Use of Public Assets, it is necessary to pay attention to the consistency with other laws and related decrees so that it can be effectively implemented. The promulgation of decrees and circulars must be carried out promptly and synchronously to avoid delays.

By Hoài Anh/Thanh Thuy

Related News

Information on the proposal to remove the VAT exemption for low-value goods

Information on the proposal to remove the VAT exemption for low-value goods

VCN - According to the Ministry of Finance, through the process of research and study related to goods sent via express delivery services and e-commerce, it is known that recently some countries have begun to research and implement VAT collection for low-value goods.
Ministry of Finance directs to strengthen fight against smuggling, trade fraud and tax evasion

Ministry of Finance directs to strengthen fight against smuggling, trade fraud and tax evasion

VCN - The Ministry of Finance's Steering Committee 389 has just directed the General Department of Customs, the General Department of Taxation and the Ministry of Finance Inspectorate to strengthen the fight against smuggling, trade fraud and tax evasion.
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.
Closely and effectively managing State fund

Closely and effectively managing State fund

VCN - Following the socio-economic management policies and the state budget estimate for 2024, the State Treasury has managed the state fund proactively, publicly and effectively, thereby ensuring the state budget balance.

Latest News

Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

VCN - Practice has raised the need to amend and supplement the Law on Corporate Income Tax (CIT) to suit the development of the domestic and foreign economy and society. According to the assessment, the completion of the draft Law on Corporate Income Tax will move towards a more favorable business environment, encourage investment and sustainable development as well as meet the goals set for CIT reform.
Increasing penalties to reduce violations in independent auditing

Increasing penalties to reduce violations in independent auditing

VCN - After 12 years of implementation, the Law on Independent Auditing has provided an important legal framework for the enforcement of policies and the transparent disclosure of financial reports by businesses. However, one limitation is that the penalties are not strong enough to ensure deterrence.
Amending the Law to create the best conditions for state-owned enterprises

Amending the Law to create the best conditions for state-owned enterprises

VCN - So far, more than a dozen seminars and discussions have been held to solicit opinions on the draft Law on Management and Investment of State Capital in Enterprises. This is a complex bill, with a large impact and many issues to be discussed, it has attracted great attention from management agencies for the sustainable development of the state-owned enterprise (SOE) sector.
Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

VCN - The Government suggests that it is necessary to develop regulations on special consumption tax that adhere to the principle of promoting production and business, economic development and meet the requirements of protecting the environment and people's health.

More News

Alcohol and beer are subject to special consumption tax

Alcohol and beer are subject to special consumption tax

VCN - According to the provisions of the Law on Special Consumption Tax, alcohol and beer are subject to special consumption tax.
It is necessary to clarify principles for applying the list of food safety inspection items

It is necessary to clarify principles for applying the list of food safety inspection items

VCN - Commenting on the draft Decision on the list of imported goods (with HS codes) subject to specialized inspection in the field of food safety under the management responsibility of the Ministry of Industry and Trade, the Ministry of Finance proposed to supplement the principles for applying the list to ensure clarity, transparency, and avoid arising problems.
Legal basis for tax collection, payment and management for foreign enterprises

Legal basis for tax collection, payment and management for foreign enterprises

VCN - The Draft Law on Corporate Income Tax (CIT) has amended and supplemented regulations on taxpayers to contribute to improving policy transparency, facilitating tax management; ensuring a solid legal basis for tax collection, payment and management for foreign enterprises in accordance with international practices.
Handling tax debts for imported goods under the type of processing

Handling tax debts for imported goods under the type of processing

VCN - The General Department of Vietnam Customs has just guided the Dong Nai Customs Department to resolve difficulties in handling tax debts for imported goods under the type of processing type, export production and investment which subjected to tax exemption.
Procedures on declaration registration and processing taxes for enterprises that have been shutdown

Procedures on declaration registration and processing taxes for enterprises that have been shutdown

VCN - In response to the request of Hammar Vietnam Co., Ltd. regarding the case of a company that has temporarily suspended operations or gone missing as confirmed by tax authority, the General Department of Vietnam Customs has responded and provided specific instructions.
Unify the way of handling administrative violations for imported vehicles

Unify the way of handling administrative violations for imported vehicles

VCN - The General Department of Vietnam Customs requests local Customs Departments; the Anti-Smuggling and Investigation Department; and the Post-Clearance Audit Department to review records and unify the way of handling administrative violations in specific cases related to imported vehicles according to their authority.
Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

Fuel management on exit-entry transport vehicles: International experience for Vietnam Customs’references

VCN - In order to improve management efficiency, Vietnam Customs can refer to the experience of fuel management on exit and entry transport vehicles of some international Customs agencies such as Singapore, China, and Canada.
Fuels containing in vehicles on entry and exit: Issues raised in the management of Customs agencies

Fuels containing in vehicles on entry and exit: Issues raised in the management of Customs agencies

VCN - The Vietnam Customs has effectively implemented tax laws, but the management of fuel on means of transport, specialized machinery, and equipment (collectively referred to as means of transport) under temporary import and re-export (TIE) procedures when there is an exit and entry (E&E) activity poses numerous challenges. To ensure efficiency, a research team from Ba Ria - Vung Tau Customs Department has conducted a study titled: "Solutions to enhance the effectiveness of state management on customs for fuel on means of transport, temporarily exported and re-imported machinery and equipment when there is an E&E activity, aiming to improve customs management for this activity.
Policies of goods quality inspection need to facilitate and prevent fraud

Policies of goods quality inspection need to facilitate and prevent fraud

VCN - With the strong development of international e-commerce, individuals in Vietnam can easily order goods through websites, and goods are shipped to Vietnam through express delivery companies. Therefore, there needs to be specific policies for cases exempted from quality inspection.
Read More

Your care

Latest Most read
Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

Adding tax exemption conditions in the draft revised Law on Corporate Income Tax

VCN - Practice has raised the need to amend and supplement the Law on Corporate Income Tax (CIT) to suit the development of the domestic and foreign economy and society. According to the assessment, the completion of the draft Law on Corporate Income Tax
Increasing penalties to reduce violations in independent auditing

Increasing penalties to reduce violations in independent auditing

VCN - According to data from the Ministry of Finance, Vietnam currently has around 2,400 practicing auditors who are certified to perform audit services, with over 220 audit firms certified to provide these services.
Amending the Law to create the best conditions for state-owned enterprises

Amending the Law to create the best conditions for state-owned enterprises

VCN - The Draft Law on State Capital Management and Investment in Enterprises was approved in principle at the 9th Session (May 2025), will be submitted to the National Assembly for the first comments at the 8th Session (October 2024) and is expected to t
Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

VCN - The Government suggests that it is necessary to develop regulations on special consumption tax that adhere to the principle of promoting production and business, economic development and meet the requirements of protecting the environment and people
Information on the proposal to remove the VAT exemption for low-value goods

Information on the proposal to remove the VAT exemption for low-value goods

it is known that recently some countries have begun to research and implement VAT collection for low-value goods.
Mobile Version