Vietnam: To complete the first declaration of assets and income by March 31, 2021

Vietnam: To complete the first declaration of assets and income by March 31, 2021
Nguyễn Trinh

Recently, the Government Inspectorate of Vietnam issued Official Dispatch 252/TTCP-C.IV on control of assets and income.

According to Vietnam's Official Dispatch 252/TTCP-C.IV, the Government Inspectorate of Vietnam requests agencies, organizations, and units to implement a number of contents on the declaration and publicity of assets and income as follows:

  • The Ministries, branches, localities, agencies, organizations, and units must develop plans to declare and publicize declarations of assets and income in accordance with the provisions of Vietnam's Law on Anti-Corruption 2018 and Decree 130/2020/ND-CP;
  • Agencies, organizations and units shall make a list of people holding working positions specified in Clauses 1, 2, 3 and Article 34 of the Law on Anti-Corruption 2018 to request the declaration of assets and first-time income; the person who is obliged to declare shall submit 02 declarations to the agency, organization or unit that manages and employs the person who is obliged to make the declaration in accordance with the provisions of Vietnam's Law on Anti-Corruption 2018 and Decree 130/2020/ND-CP;

  • The declaration and disclosure of the declaration of assets and income for the first time mentioned above must be completed before March 31, 2021;

  • In this phase, only property and income declarations are made for the first time. The annual declaration and additional declaration of 2021 will be made at the end of 2021, ensuring completion before December 31, 2021.

Details can be found in Vietnam's Official Dispatch 252/TTCP-C.IV, issued on February 19, 2021.

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