Vietnam: When shall the road infrastructure assets be recalled?

08:40, 28/04/2019

This is a featured content specified in Decree No. 33/2019/NĐ-CP of Vietnam’s Government on management, use and operation of road infrastructure assets.

According to Decree No. 33/2019/NĐ-CP of Vietnam’s Government, the road infrastructure assets shall be recalled if:

- There is a change in the planning, clearance levels;

- The assets are not assigned to the proper subjects, used for the proper purpose; asset lending;

- The assets are sold, rented, gifted, mortgaged or linked illegally;

- The assets have been assigned but are no longer used or the operation thereof is not effective;

- Other cases according to regulations and law.

The recalled road infrastructure assets shall be:

- assigned for management according to Article 5 of this Decree;

- reassigned according to Article 20 of this Decree;

- sold according to Article 21 of this Decree.

View relevant provisions at Decree No. 33/2019/NĐ-CP of Vietnam’s Government, effective from June 17, 2019.

- Thanh Lam -

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