Removing problems in management and use of public assets

VCN - Through the review of provisions of Decree 151/2017 of the Government detailing some articles of the Law on management and use of public assets and comments and proposals of some ministries, agencies and localities, the implementation of the decree has raised some problems. To remove the problems, the Ministry of Finance is drafting a decree to amend and supplement some articles of Decree 151.
Approving new plan on re-arranging and handling 1,402 houses and land in 2021 Approving new plan on re-arranging and handling 1,402 houses and land in 2021
The master programme of the Government focuses on thrift practice and waste combat in 2021 The master programme of the Government focuses on thrift practice and waste combat in 2021
Abolish administrative procedures in the field of public assets management Abolish administrative procedures in the field of public assets management
Some agencies and unit have encountered problems in the management and use of public assets. Photo
Some agencies and unit have encountered problems in the management and use of public assets. Photo

Develop provision on the management and use of public assets

The Ministry of Finance said Decree 151/2017/ND-CP is an important legal basis for the management and use of public assets. However, through reviewing provisions described in Decree 151 and comments and proposals of some ministries, agencies and localities, the implementation of the decree has raised some problems.

Moreover, the problems have not been guided in detail by documents such as the order, procedures for handling over assets to agencies, organizations and units, authority to decide the maintenance, repair, and hiring of an agency in charge of public asset management; and the exploitation of public assets after revocation.

Resolution 82/2019/QH14 dated June 14, 2019 of the National Assembly on further improving the effectiveness and efficiency of the implementation of policies and laws on planning, management, and use of land in urban areas, the Government is assigned to study and narrow down the cases of a one-off payment of rental for the entire lease term to switch to annual rental payment, ensuring revenue from land assets.

However, the prevailing regulations on selling working offices and service delivery establishments only provide land allocation or land lease with a one-off payment of rental for the entire lease term said the Ministry of Finance,

Another problem encountered in the implementation of Decree 151 is that in some cases, the current order and procedures for handling public assets in the case of merger, consolidation, division and dissolution must be prepared by the agency which is assigned to manage and use those assets.

But, in these cases, it is possible that the agency assigned to manage and use the public assets no longer exists because it has been merged, consolidated, or dissolved.

In addition, some specific types of public assets must be handled according to separate regulations in specialized laws, but there are no regulations on exclusion or reference, making agencies, organizations and units confused in the application of laws such as weapons, explosives, supporting tools, and cipher products. Notably, the use of public assets at public service delivery units for the purposes of business, leasing, joint ventures and associates have still faced many difficulties and obstacles in choosing joint venture and association partners, regulations on early termination of contracts, adjustment of rental prices, and renewal of contracts.

With practical problems in the five-year implementation of Decree 15, the Ministry of Finance affirmed the completion of detailed regulations on management and use of public assets meet the practical requirements and the development of a Decree amending and supplementing a number of articles of Decree 151/2017/ND-CP is a must.

10 important amendments and supplements

The draft Decree amending Decree 151/2017/ND-CP added and amended 10 important contents including: handing over public assets to state agencies; maintaining and repairing public assets; exploiting public assets at state agencies and public assets subject to revocation decisions by competent agencies or authorized persons; determining the starting price upon auction of working office; transferring public assets to the locality for management and handling; handling public assets in case of merger, consolidation, division or dissolution; classifying public assets at public delivery units used to perform tasks assigned by the State and public assets used for business, leasing, joint venture or association purposes; determining the payable land rent when the public service delivery unit uses the assets attached to the land for the purposes of business, leasing, joint venture or association; using public assets at public service delivery units for the purpose of leasing; using public assets at public service delivery units for the purpose of joint venture or association.

For example, regarding the maintenance and repair of public assets, Article 39 of the Law on Management and Use of Public Assets provides for the maintenance and repair of public assets.

However, the actual performance of maintenance and repair of public assets have raised a problem that agencies and units have the need to collect supplies and materials recovered from maintenance and repair (such as corrugated iron roof, wooden doors) to save costs.

At the same time, through the assessment of the implementation of the Law, due to the diverse types of public properties, especially specialized machinery and equipment.

Therefore, many ministries, agencies and localities have not yet issued regulations on maintenance and repair regimes, standards and economic-technical norms applicable to public properties, so there is no legal basis for maintenance and repair. Therefore, the draft Decree has added regulations on the maintenance and repair of public properties (supplementing Article 12a) to issue the specific contents mentioned above.

Decree 69 a legal framework for transparent implementation of BT projects Decree 69 a legal framework for transparent implementation of BT projects

Accordingly, the maintenance and repair of public property, in addition to complying with the provisions of Article 39 of the Law on Management and Use of Public Property, must also comply with the provisions of this draft Decree and other relevant laws. If the line ministries, law enforcement agencies or competent persons have not yet issued regulations, regimes, standards and economic-technical norms for maintenance and repair of public properties as prescribed in Clause 3 of Article 39 of the Law on Management and Use of Public Property, the heads of state agencies assigned to manage and use public property shall be based on the instructions of the producer and the actual use, decide on the maintenance and repair. If supplies and materials collected during the maintenance and repair of public properties can be used, the state agency assigned to manage and use properties will continue to use them.

By Hoai Anh/ Huyen Trang

Related News

Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units with large asset scale and large number of inventory items, complex assets, and slow implementation progress.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
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.
One law amending seven financial laws: New driving force for economic growth

One law amending seven financial laws: New driving force for economic growth

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simplified procedure and will be approved at this session. The simultaneous amendment of many provisions in the laws in the financial sector and their early approval demonstrate the determination and great efforts of the National Assembly, the Government, and the Ministry of Finance in creating a system of open and appropriate policies, promoting investment resources in the economy, thereby promoting economic growth in the new period.
Comment

Latest News

Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

VCN - The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more; the average growth rate of the consumer price index (CPI) to about 4.5-5%.

More News

Fiscal, monetary policies support demand stimulation, price stabilisation

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people’s livelihoods.
Vietnam secures VND 157 billion from state enterprise divestment in 2024

Vietnam secures VND 157 billion from state enterprise divestment in 2024

VCN - The Ministry of Finance reported that in 2024, the divestment of state capital in 5 enterprises (F1) generated VND 157 billion from an initial value of VND 145 billion
Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

VCN - For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics. The goal is to proactively develop flexible strategies and solutions, enabling a swift response to any emerging challenges.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.
Securities 2025 expects a breakthrough in scale and quality

Securities 2025 expects a breakthrough in scale and quality

VCN – The positive factors inherent in the macro economy and the Vietnamese stock market will continue to create the foundation for the market to maintain stability, good liquidity, and growth in both scale and quality in the new year of At Ty 2025, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said.
Cash reserves in stock accounts at six-quarter low amid margin rise

Cash reserves in stock accounts at six-quarter low amid margin rise

These funds are readily available in investor accounts, but remained undeployed as of the year-end.
Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

VCN- On February 3, the first working day after the Tet holiday, Minister of Finance Nguyen Van Thang and the delegation visited and worked with the General Department of Vietnam Customs (GDVC).
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units
The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more
Mobile Version