Procedures for projects worth several billion VND must be different from those worth several thousand billion VND.

Believing that fiscal space can be utilized to stimulate the economy, Deputy Tran Anh Tuan (HCMC) proposed simplifying investment procedures, especially for small-scale projects.

Delegate Tran Anh Tuan (HCMC) pointed out that fiscal space can be utilized to soon put resources into stimulating the economy.

On the afternoon of May 25, the National Assembly continued to discuss in the hall the report of the monitoring delegation and the draft Resolution of the National Assembly on the results of the thematic monitoring of "the implementation of Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support the socio-economic recovery and development program and the resolutions of the National Assembly on a number of important national projects until the end of 2023".

Opening the afternoon session, Deputy Duong Khac Mai (Dak Nong) commented that the implementation of fiscal policy according to Resolution No. 43/2022/QH15 has helped businesses and business households in the area recover and rapidly develop production and business activities, promote growth drivers; reduce costs, support cash flow, ensure initiative, and create favorable conditions for businesses, economic organizations and people. The 2% reduction in value-added tax (VAT) rate according to Resolution No. 43/2022/QH15 of the National Assembly has had a direct positive impact on social life, thereby reducing product prices, helping to ensure social security, and supporting people's lives.

Deputy Duong Khac Mai (Dak Nong)

However, there are also shortcomings and limitations in the implementation process. For example, the regulations on mineral protection and mineral exploitation in the current Mineral Law have caused difficulties for many projects, component projects under the three national target programs and other socio-economic development investment projects; affecting the progress of disbursement of investment capital sources, affecting socio-economic development in general.

“I have also proposed this content many times at National Assembly sessions. Now I continue to propose that the Government pay attention to directing relevant ministries and branches, especially the Ministry of Industry and Trade and the Ministry of Natural Resources and Environment, to soon find solutions to remove the problem.”

View of Dien Hong hall on the afternoon of May 25

Delegate Duong Van Phuoc (Quang Nam) wondered: "There are some urgent projects and programs that must be implemented within 2 years (2022, 2023) but still have to organize contractor selection through online bidding, other steps also follow the normal project implementation process, it is very difficult to keep up with the schedule".

This is also the view of Deputy Tran Anh Tuan (HCMC). Deputy Tuan analyzed that recent policies can be divided into 3 groups. “The successful group includes VAT reduction; the group with average effectiveness is development investment policies and the group with low effectiveness, typically the 2% interest rate support policy. In the future, we should take advantage of the space from not fully disbursing the 2% interest rate support package to reduce the budget deficit, solve job creation, and build social housing,” the Deputy recommended.

According to Mr. Tran Anh Tuan, in order for capital to quickly enter the economy and maximize efficiency, it is necessary to continue simplifying investment procedures.

"Bidding procedures for projects with capital of tens of billions of VND as well as projects with scale of up to several thousand billion VND are unreasonable," said Deputy Tran Anh Tuan.

MR. PHUONG

Source: https://www.sggp.org.vn/thu-tuc-voi-du-an-vai-ty-dong-phai-khac-vai-ngan-ty-dong-post741547.html