Direction and administration of the Government and Prime Minister on March 30, 2024

(Chinhphu.vn) - The Government Office has just issued a press release on the direction and administration of the Government and the Prime Minister on March 30, 2024.

Approving the proposal to amend and supplement the specific mechanisms and policies for the development of Da Nang city.

The Government has just issued Resolution 37/NQ-CP dated March 30, 2024 on the proposal to develop a Resolution amending and supplementing Resolution No. 119/2020/QH14 dated June 19, 2020 of the National Assembly on piloting the organization of an urban government model and a number of specific mechanisms and policies for the development of Da Nang city.

Accordingly, the Government unanimously approved the Proposal to draft a Resolution amending and supplementing Resolution No. 119/2020/QH14 dated June 19, 2020 of the National Assembly on piloting the organization of an urban government model and a number of specific mechanisms and policies for the development of Da Nang city.

The Government assigned the Minister of Justice, authorized by the Prime Minister, to sign on behalf of the Government the Government's Submission to report to the National Assembly Standing Committee to supplement the development of a Resolution amending and supplementing Resolution No. 119/2020/QH14 dated June 19, 2020 of the National Assembly on piloting the organization of an urban government model and a number of specific mechanisms and policies for the development of Da Nang city into the National Assembly's Law and Ordinance Development Program in 2024; submit to the National Assembly for decision on the development and promulgation of the Resolution according to the simplified procedures and order and for consideration and approval at one session.

Implementing the Law on Credit Institutions

Deputy Prime Minister Le Minh Khai signed Decision No. 257/QD-TTg promulgating the Plan to implement the Law on Credit Institutions No. 32/2024/QH15.

Accordingly, in the first and second quarters of 2024 and the following years, the State Bank shall take the lead in organizing the dissemination and popularization of the provisions of the Law. In 2024 and the following years, the State Bank of Vietnam; Ministries, ministerial-level agencies; People's Committees of provinces and centrally-run cities; Media and press agencies shall post the full text of the Law and detailed regulations on the Electronic Information Portal/Page, the National Database of Legal Documents; compile documents to disseminate the Law and coordinate with the Ministry of Justice to update them on the National Legal Education and Dissemination Electronic Information Portal; organize the dissemination of the Law and documents detailing a number of articles of the Law on the mass media and other appropriate forms of dissemination and propaganda.

In April 2024, the State Bank of Vietnam shall preside over the review of legal documents related to the Law under its authority; promptly amend, supplement, replace, abolish or issue new legal documents to ensure compliance with the provisions of the Law and detailed documents under the Law.

Drafting legal documents detailing and guiding implementation

Law on the State Bank of Vietnam, the Ministry of Finance shall preside over and coordinate with the Ministry of Justice, the Government Office, ministries, branches and localities to develop, submit to the Government for promulgation and promulgate under its authority documents detailing the implementation of the Law according to the List and progress specified in the Prime Minister's Decision on promulgating the List and assigning the agency in charge of drafting documents detailing the implementation of laws and resolutions passed by the 15th National Assembly at the 5th Extraordinary Session (drafted by the Ministry of Justice).

The State Bank of Vietnam, the Ministry of Finance, the Ministry of Labor, War Invalids and Social Affairs, the Ministry of Justice, and the Ministry of Natural Resources and Environment review the provisions of the Law on Credit Institutions assigned to the Government and the Prime Minister to promulgate under their authority, develop and submit to competent authorities for amendments, supplements, and promulgation of documents guiding the implementation of the Law on Credit Institutions under their authority, ensuring compliance with the effective date of the Law on Credit Institutions from July 1, 2024:

The content of the provisions of the Law on Credit Institutions to be reviewed is related to the responsibilities of ministries and branches: The State Bank of Vietnam reviews and develops a Government Decree regulating the organization and operation of the Vietnam Bank for Social Policies (Clause 2, Article 16; Clause 2, Article 17; Clause 1, Article 19; Clause 4, Article 20; Clause 4, Article 22; Article 26 of the Law); a Government Decree regulating the licensing conditions of credit institutions and foreign bank branches (Clause 5, Article 29 of the Law); a Government Decree regulating non-cash payments (Clause 2, Article 110 of the Law); a Government Decree regulating the microfinance program of socio-political organizations and non-governmental organizations (Clause 13, Article 210 of the Law); The Prime Minister's Decision stipulates the conditions, documents, and procedures for requesting approval of maximum credit limits exceeding the limits of credit institutions and foreign bank branches (Clause 7, Article 136 of the Law) and other relevant provisions of the Law.

The Ministry of Finance reviews and develops a Government Decree regulating the organization and operation of the Vietnam Development Bank (Clause 2, Article 16; Clause 2, Article 17; Clause 1, Article 19; Clause 4, Article 20; Clause 4, Article 22; Article 26 of the Law), a Government Decree regulating the financial mechanism of policy banks (Article 26 of the Law) and other relevant provisions of the Law.

The Ministry of Labor, War Invalids and Social Affairs reviews and develops a Government Decree regulating the salary and allowance regime for policy bank officials and employees (Article 26 of the Law) and other relevant provisions of the Law.

The Ministry of Natural Resources and Environment reviews and develops a Government Decree regulating the registration of land changes for secured assets such as land use rights and assets attached to land of debts originating from bad debts of credit institutions and foreign bank branches (Clause 4, Article 198 of the Law) and other relevant provisions of the Law.

The Ministry of Justice reviews and develops a Government Decree regulating mortgage registration for land use rights, assets attached to land, assets attached to land formed in the future of debts originating from bad debts of credit institutions and foreign bank branches (Clause 4, Article 198 of the Law) and other relevant provisions of the Law.

For documents that have been included in the Government's Work Program and the Program for drafting legal documents of ministries and branches: The drafting agency is responsible for updating the reviewed content to be revised, supplemented and completed in accordance with regulations, and is responsible to the Government and the Prime Minister for the implementation results.

For documents not yet included in the Government's Work Program or the Program for drafting legal documents of ministries and branches, ministries and branches shall proactively review and report to competent authorities for inclusion in the Program for drafting legal documents; and shall be responsible to the Government and the Prime Minister for the implementation results.

Regarding the completion time, review, draft and submit to competent authorities for promulgation of documents, ensuring that the documents take effect from July 1, 2024./.

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