MoF reviews law on public asset management and use
The Ministry of Finance (MoF) held a conference in Hanoi on May 16 to examine the one-year implementation of the Law on Management and Use of Public Assets.
Hanoi (VNA) – The Ministry of Finance (MoF) held a conference in Hanoi on May 16to examine the one-year implementation of the Law on Management and Use ofPublic Assets.
At theconference, Deputy Minister of Finance Tran Xuan Ha said the law has built aproper legal basis for the tight and effective management and use of financialsources from public assets.
In the timeahead, the ministry plans to employ a series of measures to boost the effectivenessof management.
La VanThinh, head of the MoF’s Department of Public Asset Management, pointed to anumber of shortcomings in the field.
He said certaintypes of assets and related areas still lack specific regulation documents dueto the broad scope of Vietnam’s public assets that involve different subjectsin their management and use.
Meanwhile,only about 50 percent of all ministries, sectors, and localities issuestandards and quotas for the use of specialised space and equipment, as wellfor public facilities. The issue has negatively impacted constructioninvestment, as well as the purchase, upgrade, and repair of assets, Thinhadded.
For betterimplementation of the law, the ministry said it will work with competentagencies and sectors to complete a decree on payment for investors ofbuild-transfer (BT) projects as directed by Prime Minister Nguyen Xuan Phuc forsubmission to the Government this month.
Themodernisation of public asset management, upgrade of the national data onpublic assets, and inspections to promptly handle violations are alsonecessary, said the MoF.–VNA
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An overview of the conference (Photo: VNA) 
