Vietnam: 03 rules for determining starting prices for auction of leasing or definite-term transfer of right to operate road infrastructure assets

According to Article 3 of Circular No. 86/2019/TT-BTC of the Ministry of Finance of Vietnam, 03 rules for determining starting prices for auction of leasing or definite-term transfer of right to operate road infrastructure assets are as follows:

1. Ensure adequate funding for covering reasonable and allowable expenditures incurred in reality so as to form and manage infrastructure assets in conformity with the Government’s social - economic development policies or guidelines in each period.

2. Correspond to market prices of assets of the same type or of same technical standards and/or quality at the time of leasing or transfer and leasing or transfer purposes.

3. Correspond to technical regulations, standards, expenditure levels, technical and economic norms adopted by competent state authorities.

In which:

- Lessees or transferees that are enterprises leasing or receiving definite-term transfer of right to operate road infrastructure assets invested and managed by the State in accordance with Decree No. 33/2019/NĐ-CP dated April 23, 2019 of Vietnam’s Government on management, use and utilization of road infrastructure assets.

- Lessors or transferors that are authorities assigned to manage road infrastructure assets invested and managed by the State in accordance with Decree No. 33/2019/NĐ-CP dated April 23, 2019 of Vietnam’s Government on management, use and utilization of road infrastructure assets.

View full text at Circular No. 86/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from January 20, 2020.

Thu Ba

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