Reporting at the meeting, Secretary General of the National Assembly Bui Van Cuong said that although the 5th extraordinary session took place for 2.5 days right after the New Year and close to the Lunar New Year of Giap Thin in 2024, with a spirit of urgency, seriousness, science, democracy, responsibility and high unity and consensus, the National Assembly completed the entire proposed program with very important results; the National Assembly considered and passed 2 Laws and 2 Resolutions.
The contents considered and decided by the National Assembly at the 5th Extraordinary Session aimed to promptly resolve a number of shortcomings and limitations in practical implementation, which are of great significance not only for the implementation of the 2024 socio-economic development plan but also have fundamental, strategic, and long-term significance, thereby contributing to the socio-economic development of the country throughout the term and successfully implementing the Resolution of the 13th National Party Congress.
The National Assembly's passage of the Land Law (amended) at this Session is the result of a process of close coordination, careful, thorough, scientific, early and remote preparation, with great efforts and determination of the National Assembly Standing Committee, the Government, the Vietnam Fatherland Front, National Assembly agencies, National Assembly deputies, relevant agencies and organizations; mobilizing all resources with a spirit of openness and democracy; making the most of the intelligence and contributions of experts, scientists, the business community, voters and people nationwide.
The draft law achieved a high approval rate when the National Assembly voted to pass it. The Land Law (amended) was promulgated to meet the requirements of perfecting and synchronously implementing policies and laws on land management and use, in line with the institutions of developing a socialist-oriented market economy, so that land resources are managed, exploited, and used economically, sustainably, and effectively; meeting the requirements of promoting industrialization, modernization, fairness, and social stability; ensuring national defense and security; protecting the environment, adapting to climate change; creating momentum to turn our country into a developed country with high income.
Regarding the Law on Credit Institutions (amended), the National Assembly's promulgation of the Law on Credit Institutions (amended) contributes to the timely institutionalization of the Party's policies and guidelines in the banking sector in accordance with the principles of a socialist-oriented market economy, meeting the requirements of restructuring the system of commercial banks and credit institutions, ensuring safety, soundness, stability and sustainability; enhancing publicity and transparency, in accordance with common international standards and practices; perfecting the legal basis for handling bad debts and cross-ownership, promoting the application of science and technology, especially digital technology in the banking sector and developing modern banking products and services with high added value; enhancing the financial capacity, governance and operational quality of the credit institution system; clearly defining the authority and enhancing the responsibility of state management agencies at all levels; Improve the capacity, quality and efficiency of inspection, examination and supervision of credit institutions' operations...
Regarding the Resolution on a number of specific mechanisms and policies to implement national target programs, the National Assembly issued a Resolution with 8 specific mechanisms to remove difficulties and obstacles, helping to speed up the implementation of national target programs approved by the National Assembly, meeting practical requirements and the expectations of voters and people nationwide.
Regarding the Resolution on the use of general reserves and central budget reserves of the Medium-term Public Investment Plan for the period 2021-2025 for ministries, central and local agencies and Vietnam Electricity Group, the Draft Resolution was carefully prepared, with quality, specific, detailed, clear and authentic data in line with the practical situation, ensuring the provision of sufficient information for National Assembly deputies to consider and decide.
After consideration, the National Assembly issued a Resolution on these contents to accelerate the implementation of key projects and works, promote the development of a synchronous strategic infrastructure system, in accordance with the provisions of the State Budget Law, contribute to promoting local socio-economic development, ensuring national security, defense, and sovereignty over seas and islands, meeting the expectations of voters, people of island districts and the whole country.
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