Stop transfers and sales of public vehicles, wait for new regulation

illustration image. Source: Internet

Accordingly, the management and usage of public assets Law has been approved and is valid from 1/1/2018. While waiting for published guidance document of the Law, the Ministry of Finance requested the ministries, sectors and localities to temporarily suspend, allocate, transfer and sell public cars to agencies, organizations, units and project management boards. When the new documents come into effect, which will replace the current Government’s documents, the Prime Minister will follow the outcome.

The Ministry of Finance also noted that the above proposal excludes vehicles of Vietnamese agencies in foreign countries. Objectively, they can be deployed, transferred and sold according to the promulgated documents, including Decree 116 / 2017. ND-CP on standards and norms for management and use of public assets at Vietnamese agencies in foreign countries and Decree 151/2017 / ND-CP detailing some articles of the Law on Management and Use of Public Assets.

In addition, the Ministry of Finance also asked the ministries and localities to temporarily consider and decide to use public assets to pay investors from 1/1. The suspension will also apply when the Government’s Decree is issued.