Guidance on management of public property management software used within the Ministry of National Defense of Vietnam from January 1, 2025

Guidance on management of public property management software used within the Ministry of National Defense of Vietnam of Vietnam from January 1, 2025 (Image from the Internet)

On October 18, 2024, the Minister of National Defense issued Circular 72/2024/TT-BQP which regulates and provides guidance on implementing policies for managing, depreciation of fixed assets, which are single-purpose property; policies for reporting fixed assets which are ssingle-purpose property and assets serving management work at units under the Ministry of National Defense of Vietnam, and fixed assets assigned by the State to enterprises without being considered part of state capital in enterprises under the Ministry of National Defense of Vietnam.

Guidance on management of public property management software used within the Ministry of National Defense of Vietnam of Vietnam from January 1, 2025

According to the provisions of Article 18 of Circular 72/2024/TT-BQP, the management of the public asset management software implemented in the Ministry of National Defense of Vietnam will be conducted as follows:

- The Finance Department of the Ministry of National Defense of Vietnam is responsible for developing the public asset management software implemented in the Ministry of National Defense of Vietnam; specifying unit codes and public asset codes for registering public assets in the software; managing technical and business operations according to legal regulations on the management and use of public assets.

- Software Development Requirements:

The asset management software to manage and implement asset depreciation, reporting policies for fixed assets that are ssingle-purpose property, assets serving management work as per Circular 72/2024/TT-BQP must meet the following requirements:

+ The process established in the software must ensure compliance with legal regulations on asset management, without altering the information and data of the assets on reports;

+ Asset data information must ensure confidentiality and safety; comply with legal regulations on information security and safety. Operational steps must be appropriately authorized, controlling user access; capable of logging manipulated content over time and preventing and warning errors during data entry and throughout the process of handling asset information and data; capable of warning and preventing intentional interventions that alter stored information and data;

+ The interface of the asset management software must be user-friendly and convenient, with clearly distinguished information fields; capable of executing management operations, depreciation calculations, fixed asset amortization, and generating concise and accurate reports; providing various utilities for users according to the management requirements of units or enterprises;

+ Improvement and upgrades to meet management demands; capable of connecting or ready to connect with related software as required by competent authorities.

Refer to Circular 72/2024/TT-BQP, which takes effect from January 1, 2025, and is applied from the 2025 fiscal year, replacing Circular 13/2019/TT-BQP of the Minister of National Defense, which regulates and provides guidance on policies for managing, depreciation, amortization of fixed assets, and policies for reporting fixed assets which are ssingle-purpose property and assets serving management work at units under the Ministry of National Defense of Vietnam, and fixed assets assigned by the State to enterprises without being considered part of state capital in enterprises under the Ministry of National Defense of Vietnam.

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