The Government is submitting to the National Assembly many amended laws related to investment and business.

Báo Quốc TếBáo Quốc Tế26/10/2024

This morning (October 26), speaking at the group discussion session on socio-economic development in 2024 and the 2025 plan, Minister of Planning and Investment Nguyen Chi Dung said that at this session, the Government submitted to the National Assembly many breakthrough regulations.


Bộ trưởng Bộ Kế hoạch và Đầu tư Nguyễn Chí Dũng
Minister of Planning and Investment Nguyen Chi Dung speaks at the group discussion session on socio-economic development in 2024 and the 2025 plan. (Source: MPI)

According to Minister Nguyen Chi Dung, in the first 9 months of 2024, despite the difficult and complicated global socio-economic context, the domestic socio-economic situation still achieved many encouraging results, with the ability to achieve 15/15 targets assigned by the National Assembly.

6 key solutions

However, there are still many difficulties and challenges ahead, focusing on 5 groups of issues.

First, the agriculture and tourism sectors are still heavily affected after storm No. 3.

Second, exports are facing many major risks such as: conflicts between countries in the world, competition, and protection.

Third, industrial production depends on large markets.

Fourth, investment channels are recovering slowly, especially private investment and state-owned enterprise investment with low results. Meanwhile, the removal of difficulties and bottlenecks is very slow, wasting a lot of resources.

Fifth, the domestic market has not been promoted and exploited effectively.

Faced with this situation, the Minister said that in the last months of the year, the Government will focus on 6 key solutions.

In which, the first and most important solution is to continue to improve the institution and consider this a breakthrough solution of breakthroughs.

At this 8th session, the Government is submitting to the National Assembly many amended laws related to investment and business to immediately resolve difficulties and obstacles in administrative procedures and decentralization. If approved by the National Assembly, these policies will contribute to strongly liberating resources for development, from state investment resources, private resources to foreign capital.

The next solutions are: Focus on removing difficulties and obstacles for land projects; promote the development of the real estate market; promote investment resources of the economy, in which public investment is determined to lead private investment, selectively attract FDI capital (focus on large projects, high-tech projects, attract strategic investors); promote new growth drivers such as innovation, digital economy, green economy, new industries, etc.

"One is institutional innovation, two is decentralization"

Minister Nguyen Chi Dung especially emphasized two issues: One is institutional innovation, the other is decentralization.

Regarding institutions, the Government has recently been very determined and focused on institutional innovation. Speaking at the recent opening session of the National Assembly, General Secretary To Lam also mentioned a lot and made very high demands on the work of building and perfecting institutions.

In the process of institutional innovation, the Government has always received the support of the National Assembly, clearly demonstrated in this session.

Specifically, at this session, the Government will submit to the National Assembly many new breakthrough regulations. For example, in the draft amendment to the Public Investment Law this time, the Government proposes to separate site clearance for Group B and Group C projects to do preparatory work. The draft Law also promotes decentralization and delegation of authority, allowing localities to invest in the central government's development budget, or allowing one locality to use the budget to invest in other local projects...

This revised Investment Law also has a strong breakthrough for high-tech projects. Accordingly, we will design a “green channel” for high-tech projects or high-tech product manufacturing according to the list issued by the Ministry of Science and Technology.

Firstly, enterprises investing in high-tech projects in industrial parks (IPs) and export processing zones (EPZs) will not have to apply for an investment certificate but only need an investment registration certificate and within 15 days must complete the registration certificate for the investor.

Second, regarding construction procedures, high-tech project investors will prepare their own environmental impact reports and fire prevention and fighting reports in the spirit of self-implementation and self-responsibility, without having to submit them to superior agencies for approval.

In addition to institutional innovation, decentralization and delegation of power are also promoted in the spirit of the recent 10th Central Conference: locality decides, locality acts, locality takes responsibility.

The question is, when decentralizing and strongly delegating power to localities, what will the Government and the National Assembly do?

According to Minister Nguyen Chi Dung, the Government and the National Assembly will play the role of creating, building policy mechanisms and supervising in a "proper and responsible manner" as requested by the General Secretary.

"The amended laws that the Government submitted, if approved by the National Assembly at this session, will greatly contribute to attracting development investment capital, ensuring the successful implementation of the set goals," the Minister affirmed.



Source: https://baoquocte.vn/bo-truong-nguyen-chi-dung-chinh-phu-dang-trinh-quoc-hoi-rat-nhieu-luat-sua-doi-lien-quan-den-dau-tu-kinh-doanh-291478.html

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