This morning (September 11), the Ministry of Planning and Investment held a workshop to collect opinions from provinces and cities in the Southeast and Mekong Delta regions on the draft revised Law on Public Investment in Ho Chi Minh City.
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| Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc spoke at the workshop to collect opinions from provinces and cities in the Southeast and Mekong Delta regions on the draft revised Law on Public Investment. |
At the workshop, Ms. Nguyen Thi Bich Ngoc, Deputy Minister of Planning and Investment, said that the 2019 Law on Public Investment has stipulated many new contents, breakthrough reforms in ideology and viewpoints on public investment; promoted decentralization, delegation of power, and reduction of administrative procedures to create initiative and flexibility, while enhancing the responsibility and role of leaders, ministries, branches, and localities in public investment management.
The implementation of the Law on Public Investment in recent times has also contributed to improving the quality and efficiency of using public investment capital; accelerating the progress of putting investment projects into operation; many national strategic infrastructure projects, highway projects, inter-regional projects, and coastal projects have been completed and achieved clear results in implementing strategic breakthroughs.
However, after 5 years of implementation, the 2019 Public Investment Law has also revealed a number of difficulties and problems that need to be promptly resolved to meet the new development situation. In addition, a number of pilot policies and specific policies have been issued by the National Assembly and are in the process of implementation, and are ripe for legalization.
Mr. Tran Thanh Long, Deputy Director of the Department of National Economic Synthesis, Ministry of Planning and Investment, informed that the draft revised Law on Public Investment has 29 adjusted contents, new regulations focusing on 5 groups of policies including: Institutionalizing pilot and specific mechanisms and policies that have been allowed to be applied by the National Assembly; continuing to promote decentralization and delegation of power; improving the quality of investment preparation, resource exploitation, and capacity to implement public investment projects of localities and state-owned enterprises; promoting the implementation and disbursement of official development assistance (ODA) capital plans and preferential loans from foreign donors; simplifying procedures; supplementing and clarifying concepts, terms, and regulations, ensuring the consistency and uniformity of the legal system.
The most notable point in the group of contents institutionalizing specific pilot mechanisms and policies is that the Draft Law on Public Investment Amendment allows the separation of compensation, support, resettlement, and site clearance into independent projects for all project groups.
While current regulations only allow the separation of independent projects to be implemented when approving investment policies for important national projects and group A projects.
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| The draft revised Law on Public Investment focuses on decentralizing authority to adjust medium-term public investment plans. |
In the policy group promoting decentralization and delegation of power, the Draft Law on Public Investment Amendment focuses on decentralizing the authority to adjust the medium-term and annual public investment plan of central budget capital between ministries, central agencies and localities from the National Assembly Standing Committee to the Prime Minister in case there is no change in the total medium-term and annual capital decided by the National Assembly.
The draft also adjusts the scale of public investment capital for important national projects from VND10,000 billion to VND30,000 billion or more; the scale of capital for group A, group B, and group C projects increases by 2 times compared to the old level prescribed in the 2019 Law on Public Investment.
In the group of simplifying procedures, the Draft Law on Public Investment Amendment is expected to simplify the procedures for making medium-term and annual public investment plans; cut down procedures for appraising capital sources and capital balancing capabilities.
At the same time, it also stipulates a number of specific contents to unify understanding and implementation methods such as: cases of adjusting project investment policies; concept of outstanding debt in basic construction; defining the scope of public investment projects and regular expenditure tasks; updating the subjects using public investment capital...
Commenting on the new points in the Draft Law on Public Investment Amendment, Mr. Nguyen Truc Son, Vice Chairman of Ben Tre Provincial People's Committee, said that the adjustment of the contents shows that the Ministry of Planning and Investment has innovated its thinking in building the Law, prioritizing openness in implementing public investment projects, which are the lever for socio-economic development.
Allowing the separation of compensation, site clearance, and resettlement into independent projects is very reasonable, removing obstacles for localities in speeding up project implementation. However, priority should be given to separating project components for group A and B projects; small-scale group C projects should be considered for separation or not depending on the reality to avoid fragmenting the project.
Mr. Le Ngoc Linh, Director of the Department of Planning and Investment of Ba Ria - Vung Tau province, commented that separating the site clearance component into an independent project is expected to speed up the progress of implementing large projects. However, separating compensation projects into groups A, B, C must also be clearly regulated in the content of the amended Law. Currently, the total investment of the project includes site clearance, if the site clearance part is separated, how the scale of the project is calculated must be clearly regulated.
He said: "In reality, many projects have a large total scale but the site clearance cost accounts for the majority, the construction cost is very small. Therefore, the draft revised Law should clearly stipulate how much site clearance compensation cost each project has, whether it should be separate or applied to all projects so that localities can proactively implement it."
Acknowledging the contributions and proposals of localities, Ms. Nguyen Thi Bich Ngoc said that the Ministry of Planning and Investment will also synthesize local opinions to study and propose the most feasible solution.
Source: https://baoquocte.vn/luat-dau-tu-cong-sua-doi-day-manh-phan-cap-phan-quyen-nang-cao-chat-luong-chuan-bi-dau-tu-285862.html
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