Property Related to Water Resources That Cannot Be Utilized Must Be Liquidated

18:54, 10/07/2024

This is a prominent item mentioned in Decree 129/2017/ND-CP stipulating the management, use, and exploitation of irrigation infrastructure assets.

The Decree stipulates that for damaged and unusable irrigation infrastructure assets, or assets that have been repaired but ineffectively, they must be disposed of through liquidation.

In addition to the aforementioned cases, the disposal of irrigation assets through liquidation also applies to the following situations:

- Dismantling old irrigation infrastructure assets to invest in the construction of new irrigation infrastructure assets according to projects approved by the competent authority;- Implementing planning adjustments making a part or the entirety of the irrigation infrastructure assets unusable according to asset functionality.

Depending on the management scope, the authority to decide on liquidation lies with the Minister of Agriculture and Rural Development or the Provincial People’s Council.

Decree 129/2017/ND-CP takes effect from January 1, 2018.

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