BTO - On the afternoon of June 5, continuing the 5th session, discussing in group 14 about the Law on Water Resources (amended), delegates agreed with the necessity of promulgating this law and said that there should be specific regulations and separate chapters on the issue of protecting, developing, storing and restoring water resources in a sustainable manner.
Participating in giving comments, Deputy Head of the Provincial Delegation of National Assembly Deputies Nguyen Huu Thong expressed his concern about Article 1 on the scope of regulation of the draft law, in Clause 2 it is stipulated that: Groundwater and seawater in the exclusive economic zone of the continental shelf of Vietnam and mineral water and natural hot water are not within the scope of regulation of this law. The delegate said that, according to Clause 2, the issue of underground water is not within the scope of regulation of the Law on Water Resources, however, Article 30 has provisions on the protection of underground water. Therefore, the delegate requested the drafting agency and the reviewing agency to re-study Clause 2, Article 1, to explain and clarify this content.
In addition, delegate Nguyen Huu Thong suggested that the drafting agency and the review agency should have a different approach to water resources in island areas. According to the delegate, the most important issues in island areas are land and water, without land and water there would be no island. Therefore, the delegate suggested that a separate chapter should be issued and regulated for the protection, development, storage and sustainable recovery of water resources.
Discussing the Draft Law on Credit Institutions (amended), National Assembly Deputy Dang Hong Sy said that the law stipulating that positions cannot hold for more than two terms will cause difficulties for credit institutions. The delegate explained that people's credit funds are organized on the basis of members contributing capital and electing positions. There are not many people who are qualified to hold positions in credit funds, so if the regulation is no more than two terms, it will cause difficulties for credit institutions.
In Article 126 on credit restrictions, Clause 2 stipulates that the total outstanding credit balance for the subjects specified in Points a, b, c, d, and dd, Clause 1 of this Article must not exceed 5% of the equity capital of the credit institution or foreign bank branch. According to delegate Dang Hong Sy, through contact with voters, credit institutions reflected that the regulation of not exceeding 5% is too little. Therefore, according to the delegate, there should be separate regulations for people's credit funds, the rate of 15% would be more appropriate.
National Assembly Deputy Bo Thi Xuan Linh said that Article 10 of the draft law has not yet established a clear and specific mechanism to protect the legitimate rights of customers. Therefore, the delegate suggested considering adding regulations and mechanisms to protect customers clearly and specifically; in which it is necessary to stipulate some separate chapters on protecting customers in relations with credit institutions.
Delegate Bo Thi Xuan Linh proposed some specific regulations such as: Banks must bear all responsibilities arising from the behavior of employees representing the bank in the process of performing tasks and functions of the bank's operations. Credit contracts and financial service contracts must be standardized according to the provisions of the Law on Consumer Protection or according to the instructions of the State Bank. In addition, it is necessary to regulate the code of professional ethics or conduct in financial service providers based on the principles of ethics, fairness, honesty, etc.
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