The Government issued Decree 127/2025/ND-CP dated June 11, 2025 regulating the decentralization of state management authority in the field of management and use of public assets.
The Decree specifically stipulates the decentralization of state management in the use of public assets at agencies, organizations and units; management, use and exploitation of infrastructure assets; Establishing public ownership of assets and handling assets established for public ownership.
The Decree clearly states that the Chairman of the Provincial People's Committee (PPC) decides to transfer public assets at agencies, organizations, and units under his/her management to ministries, central agencies, and other localities.
The order and procedures for transferring public assets must comply with the provisions of Article 21 of Decree No. 151/2017/ND-CP; it is not necessary to report to the Minister of Finance for consideration and decision according to the provisions of Article 21 of Decree No. 151/2017/ND-CP.
Ministers, heads of central agencies, and the Provincial People's Committee shall issue a list of specific assets under their management that must purchase insurance for storm, flood, and inundation risks and the roadmap for implementation as prescribed in Clause 2, Article 135 of Decree No. 151/2017/ND-CP.
The Chairman of the Provincial People's Committee decides to transfer public assets at agencies, organizations, and units under his/her management to the People's Armed Forces unit as prescribed in Point b, Clause 2, Article 59 of Decree No. 151/2017/ND-CP.
The order and procedures for transferring public assets must comply with the provisions of Article 21 of Decree No. 151/2017/ND-CP; it is not necessary to report to the Minister of Finance for consideration and decision.
The Chairman of the Provincial People's Committee decides to approve the plan to transfer assets of the project under the management of the locality to another central or local agency, organization, unit, or project for management.
In this case, the procedures for approving the implementation plan are according to the provisions of Article 93 of Decree No. 151/2017/ND-CP.
Also according to Decree 127/2025/ND-CP, the Chairman of the Provincial People's Committee decides to approve the handling plan in the form of transfer from the locality to the ministry, central agency or between localities for assets that are exhibits and means of administrative violation that have been confiscated.
The Chairman of the Provincial People's Committee decides to approve the handling plan in the form of transfer from the locality to the ministry, central agency or between localities for assets that are evidence of the case, assets of the person sentenced to being confiscated.
In addition, the Chairman of the Provincial People's Committee decides to approve the handling plan in the form of transfer from the locality to the ministry, central agency or between localities for assets that are real estate without owners, assets that are lost, neglected, or heritages without heirs.
The Minister and Head of the Central Agency shall decide to approve the handling plan for assets voluntarily transferred by owners to the State of Vietnam through ministries and central agencies.
At the same time, the Chairman of the Provincial People's Committee decided to approve the handling plan for assets voluntarily transferred by owners to the State of Vietnam through local authorities...
Decree 127/2025/ND-CP takes effect from July 1, 2025 to February 28, 2027.
