Encouragement for Implementing Private Investment to Develop Irrigation Infrastructure

Decree on the principles of management, use, and exploitation of irrigation infrastructure assets is stipulated as follows:

- All irrigation infrastructure assets invested and managed by the State shall be assigned by the State to the managing and exploiting entities in accordance with the law.- State administration of irrigation infrastructure assets is implemented uniformly, with clear decentralization of authority, responsibility of each state agency, and coordination between state agencies. There is a clear distinction between the state management function of state agencies and the exploitation and business activities of the entities exploiting irrigation infrastructure assets.- The State gradually calculates accurately and fully the costs of use and maintenance of irrigation infrastructure assets and implements exploitation under market mechanisms.- The State encourages the implementation of private investment to diversify resources for the maintenance, development, and exploitation of irrigation infrastructure assets.- Irrigation infrastructure assets are fully recorded and accounted for in physical and value terms. Assets at high risk due to natural disasters, fires, and other force majeure causes are managed financially through insurance or other tools in accordance with the law.- The management, use, and exploitation of irrigation infrastructure assets must ensure publicity and transparency; be subject to supervision, inspection, audit, and examination; and all violations of the law regarding asset management and use must be promptly and strictly handled in accordance with the law.

Details can be found in Decree 129/2017/ND-CP, effective from January 1, 2018.

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