On October 25, 2016, the Ministry of Finance issued the Circular No. 158/2016/TT-BTC on the management and utilization of the software for aggregation of data on land transport infrastructure asset inventory.
Accordingly, The data on land transport infrastructure assets in the software is subject to pre-input verification and validation by the Directorate for Roads of Vietnam or a Department of Transport. The national database on land transport infrastructure assets is a constituent of the national database on state-owned property. The information in the national database on land transport infrastructure assets is as valid as that in paper documents. Software input includes information reported and supplementary information on land transport infrastructure assets newly invested and constructed, acquired in use, liquidated, transferred or on the renaming, division, merger or dissolution of the asset management organization.
This Circular takes effect on January 01, 2017.
