Keyword: "surplus public assets"

According to the Ministry of Finance (MoF), more than 11,000 public land and property facilities nationwide have been recovered or transferred to local authorities but have yet to be put back into use. The portfolio includes office buildings, public service facilities and many land plots in prime urban and residential locations.

As of July 1, a two-tier local government model started in 34 provinces and cities, streamlining administration but creating a surplus of public properties. If not promptly addressed, these assets could become a financial burden.