Looking back on one year of the implementation of Law on management and use of public assets

	Allowing procurement for public cars completed procedures before 1st January 2018
	Collect direct comments to prepare guidelines of the Law on management and use of public assets
	Leaders must be responsible for violations of public assets

Deputy Minister of Finance Tran Xuan Ha delivered a speech at the Conference.

Deputy Minister of Finance Tran Xuan Ha said that the Law on management and use of public assets 2017 was approved at the third plenary session of XIV National Assembly and took effect from January 1, 2018.

To implement this Law, the Ministry of Finance collaborated with other ministries and sectors and advised the Government and the Prime Minister to issue 14 Decrees and 3 Decisions, thereby issuing 8 Circulars. Except for a Decree stipulating the use of public assets to pay for BT contracts, which is being considered for promulgation, all other documents guiding the Law on management and use of public assets have been issued.

The Ministry of Finance has also organized training and delegations to guide and remove problems in the implementation of the Law.

So far, 11 ministries and central agencies and 62 localities issued documents on authority decentralization on the management and use of public assets; 12 ministries and sectors and 32 localities issued standards and norms for specialized-use machinery and equipment; 3 ministries and 5 localities issued regulations on authority decentralization on promulgating standards and norms for non-business works within the scope of management, creating a common synchronization in the implementation of law.

The Ministry of Finance has collaborated with ministries, localities, state-owned groups and corporations to rearrange and handle properties and land facilities, assist units in arranging working offices as well as reviewing houses to develop plans for state-owned enterprises to form joint stock companies in accordance with the law.

In addition, the ministries, sectors and localities have reviewed and classified inland waterway infrastructure and are reviewing and classifying road infrastructure.

The Ministry of Finance has also continued to improve the national database system of public assets, guide the decentralization for logging in the database system and using other software to manage specialized assets, creating conditions for ministries, sectors, localities and units to access the system to manage their assets.

The management of public assets under the new Law has been taken seriously and has gained important results.

However, Ha said during the implementation there were some issues to be improved.

Firstly, it is necessary to continue the decentralization for ministries, sectors and localities in deciding on the plan for handling and arranging their public assets, including deciding on auction of assets to pay into the state budget.

Secondly, some regulations in the decrees need to clarify the scope of adjustment as well as the subjects of application, especially the rearrangement of house and land facilities belonging to state-owned enterprises with 100% state capital or more than 50% state capital. The guidelines to change State economic groups and corporations into a holding company or affiliated company model need to be more specific.

Also, the promulgation of standards and norms for specialized assets is the task of some ministries and sectors. This task was slowly implemented in some fields such as Health, Education and Training, Labour, Invalids, Social Affairs, and some other specialized assets, causing certain difficulties for the implementation.

In addition, administrative and non-business agencies, socio-political organizations and public non-business units need to speed up the arrangement of house and land facilities and propose measures to strictly manage and use the public assets effectively.

Standardize the database to transparently manage public assets

At the conference, the Ministry of Finance worked together with ministries and localities to clarify the achievements and problems. The Ministry will continue to advise the Government and the Prime Minister to improve the mechanisms and policies, while the ministries, sectors and localities must coordinate with the Ministry of Finance in managing, inspecting and supervising the implementation to promote effective management and use of public assets, while avoiding loss of assets.