At the event, Tran Duc Thang, Director General of the Public Asset Management Department under the Ministry of Finance, stressed the need to complete legal system on public asset management and use and promote application of information technology (IT) in the field.

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A State-owned car (Photo for illustration) 

The Law on Management and Use of Public Assets, which will take effect from January 1, 2018, will create an important legal corridor to ensure the tight and effective management of all public assets in accordance to the 2013 constitution.

Accordingly, the law is expected to prevent waste, corruption and other violations coupled with mobilizing social resources for socio-economic development, he said.

Meanwhile, Vu Danh Hiep from the Finance and Budget Committee under the National Assembly Office said that State agencies hold responsibility for securing capital sources and deciding to use them in line with their assigned missions.

They are allowed to set up joint ventures with other economic constitutions, providing that their activities are transparent.

At the conference, experts also discussed measures to apply IT in branching out national database on public assets.

Foreign countries’ IT trends used to promote public assets management efficiency were also shared at the event.

Source: VNA