Subjects submitting declarations of assets and income in Vietnam

Subjects submitting declarations of assets and income in Vietnam (Internet image) 

On November 3, 2022, the Central Inspection Committee issued Instruction 03-HD/UBKTTW implementing a number of articles of the Regulation on coordination between asset and income control agencies. Regulations on asset and income control in Vietnam are as follows:

1. What is asset and income control?

According to Instruction 03-HD/UBKTTW, control of assets and income is regulated as:

Activities are carried out by the Asset and Income Control Agency in accordance with Party regulations and State laws to conclude about the truthfulness, completeness, and clarity of assets, income, changes in assets, income, origin of assets, and additional income of the subjects obliged to declare.

2. What assets and income must be controlled?

Assets and income that must be controlled include:

- Assets, income, and changes in assets and income of officials and party members who are obliged to declare as prescribed in Clause 1, Clause 6, Clause 8, Article 3 of the Regulations attached to Decision 56-QD/TW dated February 8, 2022 (collectively referred to as the subjects obliged to declare).

- Assets, income, and changes in assets and income of spouses and minor children of subjects obliged to declare.

3. Subjects submitting declarations of assets and income in Vietnam

- Officials and party members who are appointed or elected for the first time to positions and positions subject to the obligation to declare are responsible for providing a declaration of previous assets and income (upon request).

- Subjects are obliged to declare according to the decisions, notices, and conclusions of the Asset and Income Control Agency at request (if any).

- Asset and income control agencies at all levels base on Regulation 80-QD/TW dated August 18, 2022, of the Politburo on the decentralization of cadre management and the appointment and introduction of candidate cadres to determine the subjects who are obliged to declare at their level according to regulations.

4. Management of asset and income declarations

- Central level: General Department, Central Inspection Committee Agency.

- Provincial Party Committee, Centrally-run City Party Committee, and equivalent: The Professional Department has the function of synthesizing and making statistics of the Inspection Committee Agency.

- District Party Committee, District Party Committee, and equivalent level: The inspection committee agency is the department that receives and manages the declaration of assets and income of subjects obliged to declare.

The receiving department is responsible for receiving the declaration from the unit in charge of the organization, and the staff of the subject is obliged to declare.
to manage, digitize, and update information on asset and income declarations; provide information; synthesize, report, and store according to regulations.

5. Exploitation of information and data on asset and income declarations

- Information and data declaring assets and income are managed and exploited to serve the inspection, supervision, and verification of assets and income; they are provided at the request of the Politburo, Secretariat, Party Standing Committee, or superior inspection committee.

- Providing information and data on the control of assets and income of officials and party members under management authority to the Government Inspectorate as prescribed in Article 9 of the Regulations.

- Management and exploitation of asset and income declaration information of subjects obliged to declare at the Asset and Income Control Agency are carried out.
according to regulations on storage and professional records of inspection and supervision.

More details can be found in Instruction 03-HD/UBKTTW, dated November 3, 2022.

Nhu Mai

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