Chairing the meeting, Deputy Minister Tran Quoc Phuong said that the Ministry of Planning and Investment 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.
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.
This amendment to the Law on Public Investment is very comprehensive, while the progress is urgent, expected to be passed at the 8th Session of the National Assembly, requiring high quality to fundamentally overcome difficulties, limitations, obstacles, bottlenecks, improve the efficiency of capital use and unlock resources for development.
The workshop was attended by many development partners such as: WB, ADB, IMF, UNICEF, JICA, AFD, WHO, ILO... Representatives of development partners highly appreciated the draft of the revised Law on Public Investment, especially the policies on ODA projects.
Outstanding policies discussed and highly appreciated are: Decentralization and delegation of authority in approving and implementing projects; simplifying project investment procedures; separating compensation, site clearance... into independent projects... Donors also hope that the Government will soon issue a guiding Decree so that the law can be implemented immediately after it takes effect.
Ms. Susan Lim - Senior Portfolio Management Expert, Resident Representative Office in Vietnam highly appreciated the 3 biggest changes: Simplifying procedures, delegating more authority, reducing related time, especially in local authorities; to be able to prepare projects with 100% state-owned projects... In addition, for urgent projects such as natural disasters, storms, floods, climate change, there need to be specific regulations for more effective use.
