Vietnam: Procedures for verification of the data on land transport infrastructure assets under local authorities’ management

According to Circular No. 158/2016/TT-BTC of the Ministry of Finance of Vietnam, the verification of the data on land transport infrastructure assets in the database shall adhere to the following procedure:

- The Department of Transport shall verify the fullness and precision of the report from the asset management organization, endorse such report and send 01 set of documents with the copies of relevant papers to the relevant Department of Finance.

+ The Department of Transport shall input the asset data into the software in no more than 30 working days upon receiving the report from the organization assigned to manage the land transport infrastructure assets.

+ The Department of Finance of the relevant province or centrally-affiliated city shall collate the report endorsed by the Department of Transport and the information inputted into the software and assume liability for the accuracy of such information for validating the input into the database.

+ If the data in the report endorsed by the Department of Transport differs from that in the software, the provincial Department of Finance shall deny validation and notify the Department of Transport for revision to the software’s data.

- If the organization managing the land transport infrastructure assets is granted the right to input data, it shall enter the asset information into the software and submit 02 sets of documents with the copies of relevant papers to the Department of Transport. 

+ The Department of Transport shall examine the report from the asset management organization to verify the fullness and precision of such report, endorse it and send the documents to the Department of Finance in no more than 30 working days upon receiving the asset management organization's report.  The Department of Transport shall retain 01 set of documents. 

+ The Department of Finance shall base on the organization’s report on paper (as endorsed by the Department of Transport) to collate data and assume liability for its accuracy for validating input into the database. 

+ If the data in the report endorsed by the Department of Transport differs from that in the software, the provincial Department of Finance shall deny validation and notify the asset management organization for proper revision.

- The Department of Finance of the relevant province or centrally-affiliated city shall be responsible for inspecting the asset management organization’s data updates intra vires to standardize the data in the database in complete and precise manner.

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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