From April 26, 2010, purchases or construction of offices abroad worth 10 million USD upwards that use State budgets have to get a nod from the Prime Minister, decided a new regulation.
The Government decree No.23/2010/ND-CP sets qualifications for agencies to buy properties abroad with State budgets, which are limited to State-run agencies or agencies fed by State budgets.
The beneficiaries include those representative agencies abroad which have not yet owned any office buildings or any kinds of workplaces.
Also eligible are agencies abroad with their office and living space narrower than 70 percent of standards or their offices and accommodations getting degraded seriously.
Relevant properties projects abroad worth 10 million USD upwards also need to receive the Prime Minister’s approval in procedures and proceedings of investments and construction./.
The Government decree No.23/2010/ND-CP sets qualifications for agencies to buy properties abroad with State budgets, which are limited to State-run agencies or agencies fed by State budgets.
The beneficiaries include those representative agencies abroad which have not yet owned any office buildings or any kinds of workplaces.
Also eligible are agencies abroad with their office and living space narrower than 70 percent of standards or their offices and accommodations getting degraded seriously.
Relevant properties projects abroad worth 10 million USD upwards also need to receive the Prime Minister’s approval in procedures and proceedings of investments and construction./.
