Vietnam provincial leaders get full power to manage surplus state properties

Provincial People's Committee chairpersons in Vietnam have been granted full authority to manage and exploit surplus state properties, according to a new government resolution.

Government Resolution No. 31 introduces special mechanisms and policies to expedite the processing and utilization of state-owned properties that are no longer needed after organizational restructuring and streamlining of the political system. The resolution specifically empowers provincial chairpersons to decide on the management and exploitation of these surplus assets, including those handed over to local authorities for management and disposal.

Under the new regulations, provincial leaders have the discretion to manage and lease surplus properties, even those belonging to central agencies but transferred to local management. Properties lacking land use rights certificates or with lost certificates, or those not conforming to planning and land-use plans, are also included in this processing framework. Leasing will be conducted through price listing or competitive bidding, not necessarily requiring auctions. Contracts can be terminated, and properties repossessed if lessees violate laws related to national security, defense, or the environment.

The maximum lease term for these properties is 10 years, with provisions for unlimited extensions if conditions are met. Provincial authorities can adjust decisions for leases exceeding 10 years. The resolution also addresses cases where surplus properties are converted for public use, such as parks, community spaces, or hubs for technology startups and innovation centers. If existing structures are incompatible with the new intended use, the competent authority can decide on demolition without needing approval for asset liquidation. Demolition can proceed even if the assets are still usable or have not reached the end of their depreciation period.