The Ministry of Finance is completing the draft dossier of the Investment Law (amended) to submit to the National Assembly at the upcoming 10th Session.
According to the submission of the Investment Law project (replacement), the development of the Law project aims to institutionalize the Party's Resolutions; promptly remove difficulties and obstacles in terms of institutions and laws; cut and simplify procedures in investment and business, creating convenience for people and businesses.
At the same time, perfecting regulations on industries and professions with conditions and conditions for business investment, while cutting some unnecessary and unreasonable industries and professions.
Complete the management decentralization mechanism between central agencies and local agencies on the basis of ensuring the effectiveness and efficiency of state management, promptly handling practical issues, and removing institutional "bottlenecks".
In addition, the draft Law clearly stipulates the exception for not carrying out investment policy approval procedures; continuing to promote decentralization and delegation of authority to approve investment policies; continuing to simplify investment policy approval procedures...
Mr. Dau Anh Tuan - Deputy General Secretary of the Vietnam Federation of Commerce and Industry (VCCI) - said that administrative procedures in many conditional industries and business lines have been abolished, but there is still a lot of room for further reduction.
This person also pointed out a series of industries and business lines that can cut administrative procedures such as operating crematoriums and trading fertilizers.
For gold, Mr. Dau Anh Tuan suggested that it is necessary to only apply business conditions to the production of gold bars. Because according to him, gold trading activities are too large, including import, production, trading of gold bars, jewelry, etc.
According to Vice Chairman of the National Assembly Vu Hong Thanh, the National Assembly Standing Committee highly appreciated the proactive and active coordination of the Government, the Ministry of Finance, and the Standing Committee of the Economic and Financial Committee in consulting and completing the draft Law.
At the same time, it is recommended that the Government review to ensure the full institutionalization of viewpoints, policies, guidelines, and tasks and solutions for innovation in thinking in law-making.
The Vice Chairman of the National Assembly stated that the completion of the draft Law needs to ensure 3 principles, which is to remove bottlenecks, create a stable and synchronous legal corridor, in accordance with development requirements, and avoid new problems.
Strengthen decentralization and delegation of authority, shift strongly from management to creating and developing, minimize procedures and conditions for business investment.
Ensure constitutionality, unity in accordance with relevant laws and in accordance with international commitments.
The Vice Chairman of the National Assembly proposed to continue to perfect regulations on investment policy approval in the direction of only considering very necessary cases before implementing according to the investment policy approval process.
Review and study the design regulations in the direction of clearly defining 3 types of project categories that must be approved for investment policy.
Amend regulations in the direction of simplifying the content of investment policy approval, distinguishing them from the content of state management in the next steps to facilitate project implementation.
Review and clarify the criteria for determining in the planning, the suitability of the project with the planning, ensure feasibility, and handle problems that are bottlenecks in practice.
