
Vietnam’s Ministry of Finance revokes three circulars related to public assets
According to Circular No. 21/2025/TT-BTC, the following circulars are revoked in their entirety:
Circular No. 37/2018/TT-BTC dated April 16, 2018, of the Ministry of Finance guiding certain contents on rearrangement and handling of houses and land as prescribed in the Government’s Decree No. 167/2017/ND-CP dated December 31, 2017, on rearrangement and handling of public assets.
Circular No. 125/2021/TT-BTC dated December 30, 2021, of the Ministry of Finance amending and supplementing a number of articles of Circular No. 37/2018/TT-BTC dated April 16, 2018, guiding certain contents on rearrangement and handling of houses and land as prescribed in the Government’s Decree No. 167/2017/ND-CP dated December 31, 2017, on rearrangement and handling of public assets.
Circular No. 57/2018/TT-BTC dated July 5, 2018, of the Ministry of Finance guiding the implementation of a number of articles of the Government’s Decree No. 29/2018/ND-CP dated March 5, 2018, prescribing the order and procedures for establishing the State ownership over assets and handling of assets under the State ownership.
This Circular takes effect from June 19, 2025.
The Art of Fiscal Management: 5 Ways to Reorganize and Optimize Public Housing and Land Assets
The Ministry of Finance is seeking feedback on a draft decree regulating the rearrangement and disposal of public assets, specifically focusing on houses and land. In this draft, the Ministry proposes five distinct forms of rearranging and managing these assets, which are currently held by various agencies, organizations, and units.
The Tax Evasion Scandal: Movenpick Central’s $4 Million Debt Leads to Land Revocation
The People’s Committee of Quang Binh Province has announced the revocation of 2,911.6 square meters of land designated for a mixed-use hotel and residential project, known commercially as Movenpick Central. The project, originally developed by Viet Group Central JSC, has now been reclaimed by the provincial authorities.