On September 13, the Ministry of Planning and Investment held a workshop to collect opinions from Development Partners on the draft Law on Public Investment (amended). The workshop was attended by many development partners such as: WB, ADB, IMF, UNICEF, JICA, AFD, WHO, ILO...
 |
Chairing the meeting, Deputy Minister of Planning and Investment Tran Quoc Phuong said that the Ministry has reviewed and reported to competent authorities to amend public investment laws and regulations in the direction of simplifying procedures, including 29 new policies, focusing on 5 groups of fields.
 |
| Deputy Minister of Planning and Investment Tran Quoc Phuong |
"One of the five revised policy groups is to promote the implementation and disbursement of ODA capital and preferential loans from foreign donors by designing a separate chapter," Deputy Minister Tran Quoc Phuong shared.
Mr. Pham Hoang Mai, Director of the Foreign Economic Affairs Department, Ministry of Planning and Investment, said that the ODA program is designed to solve difficulties and obstacles in implementing ODA projects. The draft decentralizes more authority to the People's Committee and the governing body. This decentralization is consistent with domestic legal policies. Accordingly, non-refundable aid projects are decentralized to the People's Committee.
 |
| Ms. Susan Lim, representative of Asian Development Bank (ADB) |
At the workshop, representatives of Development Partners highly appreciated the amendments in the draft Law on Public Investment this time, especially the improvements related to ODA capital. Ms. Susan Lim, representative of the Asian Development Bank (ADB), said that the main goal is to make the most effective use of ODA capital. Therefore, simplifying procedures and giving more power to local authorities will create favorable conditions for ODA projects. Ms. Susan also proposed that for urgent projects, for example projects on natural disasters, storms, floods, climate change, etc., there should be specific regulations to be able to use ODA capital more effectively.
Mr. Daniel Plankermann, Director of the German Development Bank (KfW) in Vietnam, said that the amendment will help "unlock potential in the implementation of ODA projects", it is important to have circulars guiding the implementation and to adjust other legal documents to ensure consistency and synchronization. In addition, it is necessary to avoid risks during the transition period.
"During the transition, there will be risks due to policy changes. How to simplify the transition process so that projects in preparation can also benefit is a matter of concern," Mr. Daniel noted.
Regarding this issue, Deputy Minister Tran Quoc Phuong said that the draft Law has mentioned the issue of drafting a decree and will be completed when the Law is passed. Along with that, in the policy design, efforts will be made to ensure that projects in preparation also benefit, while clearly classifying the conditions for these projects.
| This revision of the Law on Public Investment is very comprehensive with urgent progress, high quality requirements to fundamentally overcome difficulties, limitations, obstacles, bottlenecks, improve the efficiency of capital use and unlock resources for development. Before this workshop to collect opinions from development partners, the Ministry of Planning and Investment organized 03 workshops to collect opinions from provinces and cities: Workshop to collect opinions from provinces and cities in the Northern mountainous region and the Red River Delta; Workshop to collect opinions from provinces and cities in the 2 regions of North Central, Central Coast and Central Highlands; Workshop to collect opinions from provinces and cities in the Southeast region and the Mekong Delta. The Law on Public Investment (amended) is expected to be passed at the 8th Session of the 15th National Assembly in October 2024. |
Source: https://thoibaonganhang.vn/tham-van-cac-doi-tac-phat-trien-ve-du-thao-luat-dau-tu-cong-sua-doi-155556.html
Comment (0)