What is implementation of an inventory of assets from 2025 in Vietnam?

What is implementation of an inventory of assets from 2025 in Vietnam?

On March 1, 2024, the Prime Minister issued Decision 213/QD-TTg in 2024 approving the Project on the total inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State.

According to Section 4 of Decision 213/QD-TTg in 2024, the timing and principles of the inventory are specified as follows:

TIMING AND PRINCIPLES OF THE INVENTORY

1. Timing of the inventory (Closing time for inventory data): 12:00 AM on January 1, 2025.

2. Principles of the inventory:

a) Assets within the scope of the inventory managed directly/temporarily by the entities mentioned in Point 2 of Section III of the Project must be inventoried, except for the following assets:

- Assets that are under construction, procurement, and not yet completed for use at the time of the inventory; assets formed after the inventory time.

- Assets being used to participate in investment projects under the public-private partnership method; assets being used for joint ventures, partnerships through the establishment of new legal entities (except for cases where the new legal entity is a public non-business unit).

- Assets that have been entrusted to enterprises for management and are accounted for as state capital components in the enterprises. In the case where the assets are a system, including a part that has been entrusted to enterprises for management and accounted for as state capital components in the enterprises, and this part cannot be separated, the inventory shall be conducted for the entire system.

Therefore, the total inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State will be conducted from 12:00 AM on January 1, 2025 in Vietnam.

What is implementation of an inventory of assets from 2025 in Vietnam? (Image from the Internet)

When to complete the inventory of public infrastructure assets invested and managed by the State at the agency, organization, unit in Vietnam?

In Section 2 of Decision 213/QD-TTg in 2024, the objectives of the Project on the total inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State are specified as follows:

OBJECTIVES

1. General objective: To grasp the current situation of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State in terms of quantity, value, structure, and utilization status, etc. as a basis for improving policies and laws on the management and use of public assets; serving the construction of economic and social development strategies and plans; serving the reporting on the management and use of public assets, providing information for the preparation of state financial reports, reports on thrift practice and waste prevention as prescribed by law.

2. Specific objectives:

a) By December 31, 2024, complete the preparations for the total inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State.

b) By March 31, 2025, complete the inventory.

c) By July 1, 2025, complete the consolidation of inventory results, and prepare a comprehensive report on public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State nationwide.

Therefore, by March 31, 2025, the inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State will be completed.

What are regulations on the main tasks and progress of the inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State in Vietnam?

In Section 5 of Decision 213/QD-TTg in 2024, the main tasks and progress of the inventory of public assets at agencies, organizations, units, and infrastructure assets invested and managed by the State are regulated as follows:

- Establishing the Steering Committee for the inventory: To be completed within 60 days from the date the Project is approved.

- Surveying and determining inventory criteria; conducting trial inventories; issuing guidance documents on inventory criteria, forms, and methods of consolidating inventory results: To be completed before July 1, 2024.

- Developing detailed inventory plans: To be completed before July 1, 2024.

- Conducting inventory training: From July 1, 2024, to December 31, 2024.

- Organizing the inventory: From January 1, 2025, to March 31, 2025.

- Consolidating inventory results: To be completed before July 31, 2025.

- Reporting and announcing inventory results: To be completed before July 31, 2025.

Best Regards!