The Resolution on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City consists of 12 articles. The Resolution stipulates the piloting of a number of specific mechanisms and policies for the development of Ho Chi Minh City on investment management; finance, state budget; urban and natural resources and environment management; priority sectors and occupations to attract strategic investors to the City; management of science and technology, innovation; organization of the City government and Thu Duc City.
The National Assembly voted to pass a resolution to pilot a number of special mechanisms and policies for the development of Ho Chi Minh City. Photo: Doan Tan/VNA
The subjects of application of the Resolution are state agencies, political organizations and socio-political organizations; socio-political-professional organizations, social organizations, socio-professional organizations; other relevant organizations and individuals.
This Resolution comes into force from August 1, 2023.
Previously, presenting the Report on explanation, acceptance and revision of the draft Resolution on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh said: Based on the opinions of National Assembly deputies discussing in the Group and Hall on the Resolution on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City, the National Assembly Standing Committee directed the Finance and Budget Committee to coordinate with relevant agencies to receive, explain, revise and complete the Draft Resolution.
Regarding many opinions suggesting that it is necessary to consider not to stipulate in Point a, Clause 8, Article 7 because it may violate international commitments that Vietnam has participated in, creating a bad policy precedent and an unhealthy environment for attracting foreign investment, according to Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh, the National Assembly Standing Committee found that the opinions of National Assembly deputies were reasonable and would like to accept them. Accordingly, the National Assembly Standing Committee has directed agencies to review and revise the Draft Resolution and not to stipulate this content. In case it is necessary to increase the attraction of strategic investors on the basis of compliance with the law, in accordance with the practical situation, Ho Chi Minh City will report to the Government to submit to competent authorities for consideration and decision by the National Assembly.
The National Assembly delegation of Ninh Thuan province voted at the parliament.
Regarding some opinions proposing to implement as per current regulations, accordingly maintaining the organizational model of Ho Chi Minh City State Financial Investment Company (HFIC) and paying all after-tax profits of the enterprise after setting aside funds to the state budget, the Standing Committee of the National Assembly would like to report as follows: Based on current laws, with the nature of a Development Investment Fund, this mechanism has been implemented for many years, now HFIC only requests to continue to implement according to the regulations currently applied to local Development Investment Funds, which is to retain the difference between revenue and expenditure after paying taxes, paying the budget and distributing funds according to regulations to supplement the Development Investment Fund to increase the charter capital corresponding to the functions and operating principles of the Local Development Investment Fund that HFIC is implementing, continuing to promote the role of mobilizing and meeting the urgent need for resources for investment in infrastructure - technical, economic - social development of the City.
As a local development investment fund, to institutionalize the spirit of Resolution 31 of the Politburo on creating initiative and increasing resources for the City. The National Assembly Standing Committee requests the National Assembly to allow HFIC to retain the remaining profits after setting aside funds according to regulations to supplement charter capital - Mr. Le Quang Manh said.
According to VNA/Tin Tuc Newspaper
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