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Update news public asset management
Vietnam has introduced special policies to accelerate the reuse of more than 11,000 surplus state-owned land and property assets, aiming to prevent waste and unlock new economic value.
A new government decree has clarified which assets fall under public ownership, including confiscated goods, unclaimed property, and PPP project transfers.
The Vicem Operations Center, Hoi Xuan Hydropower project, the Ministry of Foreign Affairs office building, and Subproject 2 are mammoth projects with investment capital of trillions of dong that have been delayed for years and remain incomplete.
The Hanoi People’s Committee has issued a directive requiring government agencies and districts to review and reorganize state-managed land and buildings, aiming for greater efficiency and compliance with new policies.
Vietnam’s Decree No. 50 outlines how public assets will be handled after government mergers, separations, and dissolutions. Find out the key updates here.