The National Assembly Standing Committee gives opinions on the Draft Law amending and supplementing a number of articles of 7 laws.

The National Assembly Standing Committee gave opinions on the draft Law amending and supplementing a number of articles of the Securities Law, the Accounting Law, the Independent Audit Law, the State Budget Law, the Law on Management and Use of Public Assets, the Tax Administration Law, and the National Reserve Law.

At the meeting, Deputy Minister of Finance Nguyen Duc Chi said: Implementing the law and ordinance making program in 2024, Resolution No. 148/NQ-CP dated September 22, 2024 of the Government on the September 2024 law-making thematic session, Resolution No. 126/NQ-CP dated September 1, 2024 on the August 2024 law-making thematic session, based on the provisions of the Law on Promulgation of Legal Documents, the Government submits the draft Law amending and supplementing a number of articles of the Law on Securities; Law on Accounting; Law on Independent Audit; Law on State Budget; Law on Management and Use of Public Assets; Law on Tax Administration; Law on National Reserves (1 law amending 7 laws) according to the simplified order and procedures.

*Deputy Minister of Finance Nguyen Duc Chi reports at the meeting*

Faced with changes in the socio-economic situation, legal documents on finance have also encountered some difficulties and obstacles in the implementation process, so they need to be reviewed and studied for amendment and supplementation. Accordingly, the Government has urgently reviewed, summarized and assessed the implementation of Laws in the field of finance and budget and has identified 07 Laws that need to be amended and supplemented accordingly.

In addition, in recent times, the National Assembly has issued many legal documents with provisions related to the financial and budgetary sector such as the 2024 Land Law, the 2024 Law on Credit Institutions, the 2023 Law on Water Resources, the Law on Public Investment, etc. Therefore, it is necessary to review and research to provide consistent regulations to avoid overlap and contradiction.

*Chairman of the Finance and Budget Committee Le Quang Manh speaks at the meeting*

On behalf of the review agency, Chairman of the Finance and Budget Committee Le Quang Manh said that the majority of opinions of the Standing Committee of the Finance and Budget Committee agreed that it is necessary to study, amend and supplement the Laws in the draft Law to focus on immediately removing difficulties and institutional problems in the finance and budget sector to improve the investment and business environment, attract maximum state and non-state resources, and promote the country's socio-economic development.

However, the Finance and Budget Committee recommends that the Government pay attention to directing the clarification of the necessity of amending and supplementing the articles and clauses stated in the draft Law; assess the impact of each mechanism and policy expected to be amended, especially those mechanisms and policies being piloted; only propose amendments and supplements to contents that are truly urgent, pressing and have consensus among agencies to promptly remove difficulties, obstacles, and impediments to development. The Economic Committee agrees on the necessity of amending and supplementing a number of articles of the Securities Law and the Law on Independent Auditing.

Ensuring the unity and uniformity of the legal system

Within the framework of the Session, members of the National Assembly Standing Committee agreed that the draft Law amending and supplementing a number of articles of 7 laws must fully institutionalize the policies and orientations of the Party and the State; perfect the legal system in the fields of securities, accounting, independent auditing, state budget, public asset management, tax management and national reserves, thereby creating a complete and timely legal corridor to meet the requirements of tasks in the new situation. Promote growth, control inflation and stabilize the macro economy; promptly remove difficulties for production and business activities of people and enterprises; improve the investment and business environment.

Some opinions say that the draft Law amending and supplementing a number of articles of 7 laws also needs to strongly decentralize and delegate power in building mechanisms, policies, laws, planning, inspection and supervision; promote the simplification of administrative procedures and the development of information technology, digital transformation; eliminate the request-grant mechanism; clear and effectively use all resources for development, take public investment and State resources to lead and activate all other legal resources. In addition, it is necessary to ensure the consistency and synchronization of the legal system, remove obstacles in current legal regulations. Inheriting and promoting current regulations that have been proven in practice to bring positive impacts on the country's socio-economy.

There were other opinions in the Session stating that the contents that need to be amended and supplemented must have clear and transparent regulations, specific impact assessments as well as clear regulations to strictly manage and avoid loss of State budget resources, public assets... In addition, the draft Law also needs to have strict sanctions against acts of manipulating the stock market; calling for and offering bonds to people but not in accordance with regulations, greatly affecting the banking system...

*Vice Chairman of the National Assembly Nguyen Duc Hai concluded the meeting.*

Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai emphasized: The National Assembly Standing Committee highly appreciated the process of preparing the draft Law amending and supplementing a number of articles of the above 7 laws and the review by the Finance and Budget Committee and other agencies of the National Assembly. To ensure the quality of the draft law, the Government is requested to take into account the opinions of the National Assembly Standing Committee and the review agency; at the same time, note a number of principles similar to those the Standing Committee gave when discussing at the previous session on 1 law amending 4 laws drafted by the Ministry of Planning and Investment.

Vice Chairman of the National Assembly Nguyen Duc Hai requested the Government to urgently direct the drafting agency and relevant agencies to study and absorb the opinions of the National Assembly Standing Committee, the opinions of the reviewing agency and the principles to complete the draft Law dossier, narrow down the proposed amendments, ensure that necessary and urgent issues need to be amended immediately, and achieve high consensus. The remaining contents are proposed to continue to be reviewed and amended when comprehensively amending the laws. The Finance and Budget Committee urgently conducts an official examination to submit to the National Assembly for consideration and discussion.

Vice Chairman of the National Assembly Nguyen Duc Hai assigned the Secretary General of the National Assembly to direct the synthesis of opinions participating in the Session and summarize the concluding comments of the National Assembly Standing Committee, promptly sending them to relevant agencies for implementation.

Source: https://baotainguyenmoitruong.vn/thuong-vu-quoc-hoi-cho-y-kien-ve-du-an-luat-sua-doi-bo-sung-mot-so-dieu-cua-7-luat-381435.html