Law on State Assets (Amended )
国有资产法（修订版）
ກົດໝາຍ ວ່າດ້ວຍຊັບສິນຂອງລັດ ( ສະບັບປັບປຸງ )
Summary
This Law stipulates the rules for the management, utilization, and protection of state-owned assets, aiming to ensure the preservation and appreciation of such assets and their service to national development. Its scope of application covers the definition, registration, operation, and supervision of state-owned assets, clarifying the duties and obligations of relevant entities, and prohibiting any acts of encroachment or damage to state-owned assets.
Articles
Article 1
Article 1 (Amended): Purpose
This Law prescribes principles, regulations, and measures concerning the management, use, supervision, and inspection of state assets, in order to ensure efficiency, effectiveness, conformity with objectives, goals, and laws, aiming to protect and develop state assets, making them sustainable, long-lasting, and enduring, thereby contributing to the national economic and social development.
Article 2
Article 2. State Assets
State assets are properties belonging to the State and the entire nation, formed naturally or created by humans, including tangible and intangible movable and immovable properties located on land, underground, on water surfaces, underwater, and within the airspace of the Lao People’s Democratic Republic, as well as state assets of the Lao People’s Democratic Republic located abroad.
Article 3
Article 3 (Amended) Interpretation of Terms
The terms used in this Law shall have the following meanings:
1. Movable property refers to property that can be moved, including tangible assets such as vehicles, machinery, equipment, and goods, as well as intangible assets such as intellectual property rights and digital assets;
2. Immovable property refers to property that cannot be moved, including land and property permanently attached to land, such as houses, trees, or other buildings;
3. Land refers to the valuable resource and significant capital of the State, the place where Lao citizens live and make a living, and an important carrier and main element for production, socio-economic development, national defense, and security maintenance;
4. Building refers to buildings, constructions, factories, plants, dams, infrastructure, heritage sites, and other structures;
5. Recording of state assets refers to the documentation or recording of the quantity, registration number, code, value, and origin of state assets;
6. Registration of state assets refers to assigning a registration number, code, affixing a mark, and determining its specific attributes as initial information for registration tracking;
7. State asset manager refers to personnel-civil servants belonging to the state asset management department;
8. State asset management department refers to the organizational structure engaged in state asset management work, including the State Asset Management Bureau, Provincial State Asset Management Offices, District State Asset Management Units, and Village Economic and Financial Units;
9. Resource use fee refers to the fee for the use of natural resources, i.e., the fee that a person obtaining the right to use the said resources must pay to the State as stipulated;
10. State intellectual property fee refers to income derived from the State's industrial property rights, new plant varieties, copyright, and rights related to copyright, i.e., income obtained from the State's transfer or licensing of use to individuals, legal entities, or organizations;
11. State privilege refers to rights exclusively belonging to the Government, used to decide to grant a specific priority right, such as monopoly rights, exclusive business license rights, state copyright usage rights, and state trademark usage rights;
12. State digital asset refers to an asset created in the form of electronic data, used as a medium for mutual exchange or purchase and sale.
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