What is the utility conversion of property at the Communist Party of Vietnam's agencies?

20:19, 09/07/2024

Recently, the Government of Vietnam promulgated Decree 165/2017/ND-CP on the regulations for the management and use of property at the Communist Party of Vietnam's agencies.

Conversion of Asset Usage Functions at Communist Party Agencies, Decree 165/2017/ND-CP

What is the utility conversion of property at the Communist Party of Vietnam's agencies? (Illustration)

In Article 22 of Decree 165/2017/ND-CP, the utility conversion of property at the Communist Party of Vietnam's agencies refers to the change in the use purpose of the property. The utility conversion of property at the Communist Party of Vietnam's agencies must match the characteristics and nature of the property, and the standards and norms for property use. The power to decide the utility conversion of property at the Communist Party of Vietnam's agencies is as follows:

- The authority or person competent to allocate, invest in construction, and procure property can decide on the utility conversion of property in cases where there is no change to the Communist Party of Vietnam's agencies assigned to manage and use the property;

- The authority or person competent to dispose of property can decide on the utility conversion of property in cases where there is a change to the Communist Party of Vietnam's agencies assigned to manage and use the property.

The procedures for issuing decisions on the utility conversion of property at the Communist Party of Vietnam's agencies follow the legal regulations applicable to state agencies.

Details can be found in Decree 165/2017/ND-CP effective from January 1, 2018.

Ty Na

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