Vietnam: Regulated entities of disposition of public property

According to Decree No. 167/2017/NĐ-CP of Vietnam’s Government, regulated entities of disposition of public property include:

1. Regulated entities of disposition of property:

- Bodies include: Regulatory bodies, people’s armed forces, public sector entities, agencies of the Communist Party of Vietnam, socio-political organizations; socio-political-professional organizations, social organizations, socio-professional organizations, and other organizations established as prescribed in laws and regulations on associations;

- Enterprises include: Wholly state-owned enterprises (hereinafter referred to as state-owned enterprises); joint-stock companies and multiple-member limited liability companies with more than 50% of charter capital owned by the State (hereinafter referred to as joint-stock companies).

- For joint-stock companies with 50% or less of the charter capital held by the State, the management and use of property shall comply with the provisions of the land legislation, the legislation on enterprises and relevant law provisions.

2. Regulated entities of disposition of cars:

- Regulatory bodies, people’s armed forces, public sector entities, agencies of the Communist Party of Vietnam, socio-political organizations funded by the State, project management board funded by the State;

- State-owned enterprises.

3. Regulated entities of disposition of machinery, equipment and other public property at bodies: Regulatory bodies, people’s armed forces, public sector entities, agencies of the Communist Party of Vietnam, socio-political organizations funded by the State, project management board funded by the State.

4. Other entities relating to disposition of public property.

Besides, the disposition of public property shall be done in an effective and economical manner; in conformity with standards and norms issued by competent authorities; in accordance with proper purposes as assigned, invested, procured, or leased by the State; and in conformity with land-use planning, construction planning approved by competent authorities.

View details at Decree No. 167/2017/NĐ-CP of Vietnam’s Government, effective from January 01, 2018.

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