A comprehensive inventory of public assets will be conducted starting January 1, 2025.

According to the approved plan, the scopeGeneral inventory of public assetsAt agencies, organizations, and units, infrastructure assets invested in and managed by the State nationwide include:

- Public assets at agencies, organizations, and units as stipulated in Clause 1, Article 4 of the Law on Management,use of public assetsEligible assets as fixed assets according to Circular No. 23/2023/TT-BTC dated April 25, 2023, of the Minister of Finance (excluding special assets at units of the People's Armed Forces and assets on the list of state secrets) include: Office buildings, business operating facilities (including land use rights for constructing office buildings and business operating facilities); automobiles; specific fixed assets; and other fixed assets.

- Infrastructure assets invested in and managed by the State (excluding assets partially funded or supplied by the State for construction), including:

+ Transportation infrastructure assets (railways, roads, aviation, inland waterways, maritime);

+ Assets related to clean water supply infrastructure;

+ Irrigation infrastructure assets;

+ Commercial infrastructure assets include markets;

+ Infrastructure assets of industrial clusters and industrial parks;

+ Infrastructure assets of the economic zone;

+ Infrastructure assets of the high-tech zone;

+ Infrastructure assets of the concentrated information technology zone;

+ Infrastructure assets for responding to climate change include dikes and embankments;

+ Infrastructure assets of fishing ports;

+ Infrastructure assets belonging to cultural and sports facilities at the grassroots level (commune level, village level), and cultural villages;

+ Technical infrastructure assets are urban underground construction spaces.

The entity performing the inventory

The decision states that, for public assets at agencies, organizations, and units as stipulated in Clause 1, Article 4 of the Law on Management and Use of Public Assets, the subjects required to conduct inventory include: State agencies, public non-business units, units of the People's Armed Forces, agencies of the Communist Party of Vietnam, the Vietnam Fatherland Front, political-social organizations, social organizations, professional-social organizations, and other organizations established according to the law on associations (referred to as agencies, organizations, and units) that are managing and using public assets.

For infrastructure assets invested in and managed by the State: The entities (agencies, organizations, units, enterprises, and other entities) that are managing infrastructure assets invested in and managed by the State.

Inventory count time (final count date): 00:00 on January 1, 2025.

Inventory principles

The decision clearly outlines the principles for inventorying assets.

Specifically, all assets within the scope of inventory that are directly managed/temporarily managed by the aforementioned inventory-conducting entities must be inventoried, except for the following assets:

- Assets that, at the time of inventory, are in the process of investment, construction, or procurement, and have not yet been completed and put into use; assets formed after the time of inventory.

- Assets currently being used to participate in investment projects under the public-private partnership method; assets currently being used for joint ventures or partnerships in the form of establishing new legal entities (except in cases where the new legal entity is a public service unit).

- Assets that have been transferred to the enterprise for management and are included in the calculation of the State capital component in the enterprise. In cases where the asset is a system, in which a part has been transferred to the enterprise for management and is included in the calculation of the State capital component in the enterprise, and this part cannot be separated, then an inventory must be conducted for the entire system.

The decision to require an inventory is based on a physical count of assets at the time of inventory; and a comparison with the data recorded in the accounting books.

For assets that are being tracked and accounted for in the accounting books but are no longer present at the agency, organization, unit, or enterprise at the time of the physical inventory, the agency, organization, unit, or enterprise tracking and accounting for the assets is responsible for handling them within its authority or reporting to the competent authority or person to handle the missing assets in accordance with relevant laws; the value of these assets shall not be included in the total value of the inventoried assets.

The general inventory will be completed by March 31, 2025.

The overall objective of the Project is to understand the current state of public assets at agencies, organizations, and units, including infrastructure assets invested in and managed by the State, in terms of quantity, value, structure, current usage, etc., as a basis for improving policies and laws on the management and use of public assets; to serve the development of socio-economic development strategies and plans; to serve the reporting of the management and use of public assets, and to provide information for the preparation of state financial reports and reports on the practice of saving and combating waste as prescribed by law.

The goal is to complete the preparations for the general inventory of public assets at agencies, organizations, and units, as well as infrastructure assets invested in and managed by the State, by December 31, 2024.

The total inventory will be completed by March 31, 2025.

By July 1, 2025, complete the compilation of inventory results and prepare a comprehensive report on public assets at agencies, organizations, and units, as well as infrastructure assets invested in and managed by the State nationwide.