New Regulations on Asset Procurement at Agencies of the Communist Party

Duy Thinh

18:14, 10/07/2024

On December 31, 2017, the Government of Vietnam issued Decree 165/2017/ND-CP regulating the management and use of assets at the agencies of the Communist Party of Vietnam.

The agencies of the Communist Party are authorized to procure assets under one of the following circumstances:

- The agency of the Communist Party does not currently have assets or is lacking assets according to the standards and norms; or- The current assets meet the standards and norms for liquidation but there are no assets to hand over and do not fall under the case of leasing or contracting funds for asset usage.

Regarding the procurement method, it can be implemented through two forms: centralized procurement or decentralized procurement.

Centralized procurement is mandatory for assets listed in the centralized procurement catalog issued by the Provincial People's Committee.

For the authority to decide on procurement, members can refer to Decree 165/2017/ND-CP, which takes effect from January 01, 2018.

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