On December 31, 2017, the Government of Vietnam promulgated Decree 165/2017/ND-CP on the regulations for the management and use of property at the Communist Party of Vietnam's agencies.
Investment in construction of public service facilities at the Communist Party of Vietnam's public service providers (Illustrative photo)
Article 35 of Decree 165/2017/ND-CP stipulates that the investment in the construction of public service facilities, even in cases involving loans, mobilized capital, joint venture, or association, shall be carried out when the following conditions are met:
- There are no existing public service facilities or the current facilities lack the required area as per standards and norms;
- There are no properties to be allocated and the facility is not subject to leasing.
The investment in the construction of public service facilities is conducted in accordance with the laws on public investment, construction, and other related regulations. The use of the Communist Party of Vietnam's public service facilities to participate in PPP projects shall follow the provisions of Clause 4, Article 10, Article 11, and Article 12 of this Decree.
Note: No public investment funds or state budget should be allocated for constructing new property solely intended for business, leasing, joint venture, or association.
Details may be found in Decree 165/2017/ND-CP effective from January 1, 2018.
Ty Na
Address: | 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City |
Phone: | (028) 7302 2286 |
E-mail: | info@lawnet.vn |