Regulations on assets of great value in the case of using public properties for business or lease purposes

07/07/2020

The People's Committee of Vinh Phuc province has just issued Decision No. 23/2020/QĐ-UBND stipulating that assets are of great value in case of using public assets for business and lease purposes.

Accordingly, this Decision stipulates that assets are of great value in the case of using public assets at public non-business units as follows:

Asset value: the cost of the asset is according to the accounting book of VND 5 billion or more per property unit or 01 type of asset.

Subjects of application: applied to public non-business units under the management of Vinh Phuc province (excluding the Party's non-business units).

The Decision takes effect from June 12, 2020. /.

Duc Hieu

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