Legal Counselling

Regulation on liquidation of automobiles of overseas Vietnamese bodies

Thu Hiền

09:48, 17/06/2018

On December 31, 2017, the Government of Vietnam issued Decree No. 166/2017/NĐ-CP providing for standards, norms and requirements for management and use of public property of overseas Vietnamese bodies.

According to Decree No. 166/2017/NĐ-CP of Vietnam’s Government, automobiles for general business of other overseas Vietnamese bodies shall be liquidated according to the law of the host country.

If this matter is not provided by the law of the host country, these automobiles shall be liquidated in the following cases:

- The automobile has been in use for more than 10 years or ran for more than 200.000 km;

- The automobile has not expired but it is damaged beyond repair or repair is inefficient (estimated repair costs are higher than original price by more than 30%).

Automobiles servicing the titles mentioned in Clause 1 Article 16 of Decree No. 166/2017/NĐ-CP may be replaced after they have been used for at least 06 years, unless otherwise provided for by the law of the host country.

Automobiles eligible for replacement according to regulations but still operating properly shall be handled according to regulations of Decree No. 151/2017/ND-CP of Vietnam’s Government.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

22 lượt xem

- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn