Legal Counselling

Vietnam: Guidance on the entity identifier code in the software for aggregation of data on land transport infrastructure asset inventory

09:04, 13/11/2016

The Ministry of Finance of Vietnam issued Circular No. 158/2016/TT-BTC on October 25, 2016, which specifies the entity identifier code in the software for aggregation of data on land transport infrastructure asset inventory (referred to as the software).

According to Circular No. 158/2016/TT-BTC of the Ministry of Finance of Vietnam, the entity identifier code in the software is prescribed as follows:

- The entity identifier code in the software is the state budget code granted by the Ministry of Finance or a Department of Finance according to the regulations on guidelines for the registration, issuance and use of the state budget code. Such code is standardized and converted accordingly so that a state budget code can be used as the entity identifier code in this software.

- An agency, organization or individual designated to manage and utilize the land transport infrastructure assets but having no state budget code can use the tax code to identify itself and assign a suitable entity identifier code.

- Identification and code assignment shall be handled by the software administrator of the Ministry of Transport or provincial Department of Finance according to the Ministry of Finance’s guide for the use of the software for aggregation of data on land transport infrastructure assets inventory.

View details at Circular No. 158/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

-Thao Uyen-

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