Legal Counselling

Vietnam: 04 cases where the re-selling of public property in form of price listing shall be implemented

14:48, 10/02/2018

The Ministry of Finance of Vietnam issued Circular No. 144/2017/TT-BTC guiding Decree No. 151/2017/ND-CP of Vietnam’s Government elaborating the Law on Management and Use of Public Property.

According to Circular No. 144/2017/TT-BTC of the Ministry of Finance of Vietnam, when selling of public property in form of public listing via the Electronic trading system for public property, the re-selling of public property in form of price listing shall be implemented in the following cases:

- The individuals obtaining the right to purchase public property refuse to purchase the public property;

- The individuals obtaining the right to purchase the public property fail to enter into contract for sale of property in a timely manner;

- The individuals obtaining the right to purchase the public property fall are listed under Clause 3 Article 26 of Decree No. 151/2017/ND-CP of Vietnam’s Government;

- The listing period expires without any individual registering for purchase of the property.

Note: The re-selling of public property in the form of price listing shall be carried out in the same manner as the initial selling of the public property in the form of price listing. Property price for the purpose of re-selling in the form of price listing shall be determined in accordance with Clause 8 Article 26 of Decree No. 151/2017/ND-CP.

View more contents on public listing at Circular No. 144/2017/TT-BTC of the Ministry of Finance of Vietnam, effective from February 15, 2018.

- Thanh Lam -

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