Vietnam: State management of public property

Specifically, according to Article 12 of the Law on Management and Use of Public Property 2017 of Vietnam, State management of public property includes:

1. Promulgate and comply with regulations of legislative documents on management and use of public property.

2. Manage transfer of public property; invest in construction, purchase, lease, provide fixed funding for using public property; establish public ownership for property.

3. Manage the use, protection, maintenance and repair of public property; use financial resources obtained from public property.

4. Manage withdrawal, transfer, utility conversion, sale, liquidation, destruction and other forms to dispose of public property.

5. Compile inventories and make reports on public property.

6. Develop and operate information systems and national database on public property.

7. Carry out international cooperation on public property.

8. Manage and monitor exercise of rights and fulfillment of obligations of authorities and organizations in management and use of public property.

9. Inspect, audit, monitor, follow and assess the compliance with regulations of law on management and use of public property and actions against violations of regulations thereon.

10. Settle claims on management and use of public property.

11. Manage services related to public property.

12. Other contents prescribed in regulations of relevant law.

View more details at the Law on Management and Use of Public Property 2017 of Vietnam, effective from January 01, 2018.

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