On November 11, continuing the 10th Session, the National Assembly listened to the Minister of Finance, authorized by the Prime Minister, present the Report on the draft Law on Investment (amended).
Minister of Finance Nguyen Van Thang said that the development of the draft law aims to 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, cutting down on some unnecessary and unreasonable industries and professions.
According to Minister Nguyen Van Thang, the draft law also amends and supplements in the direction of identifying investment-prone industries and occupations as industries and occupations that are prioritized to attract investment to develop science, technology, innovation, digital transformation, digital technology industry and semiconductor industry; develop a green economy, circular economy;...
The draft Law also reviews and cuts 25 sectors and occupations with conditions for business investment that do not meet the prescribed criteria and conditions; reviews and amends the scope of 22 sectors and occupations.
Reporting on the review of the draft Law on Investment (amended), Chairman of the Economic and Financial Committee Phan Van Mai suggested a thorough review, only in cases where it is really necessary to regulate implementation according to the investment policy approval process. Continue to study and thoroughly argue the basis and arguments for removing all authority of the National Assembly in approving investment policies; review and perfect on the basis of ensuring the principle of decentralization and delegation of power.
According to Chairman Phan Van Mai, it is necessary to review and clarify in this draft law the criteria of "determination in planning", "in accordance with planning", "suitability of projects with planning" to ensure feasibility, handle problems that are bottlenecks in reality, and ensure consistency with the provisions in the draft Laws being submitted to the National Assembly at the same time.
Continue to study, review, streamline, and cut off conditional business investment and occupations, substantially reduce business investment and investment conditions, and only retain truly necessary conditions for reasons of the charter.
The Economic and Financial Committee proposes to clearly distinguish between the conditions for practice of individuals and the conditions for business investment of business entities when investing and doing business in the form of a business organization or legal entity.
Continue to carefully review and study regulations in the direction of not abolishing conditional investment and business sectors, changing management methods, eliminating "pre-inspection" administrative procedures, and switching to management according to the "post-inspection" principle.
Regarding investment incentives and support stipulated in Chapter III of the draft law, the Economic and Financial Committee proposed to continue reviewing and studying a number of proposals in the Full Inspection Report.
Carefully and very carefully review the regulations allowing foreign investors to establish economic institutions without requiring an investment project before establishment.
