On October 7, continuing the 38th session, the National Assembly Standing Committee gave opinions on the draft Law on Management and Investment of State Capital in Enterprises.
Deputy Minister of Finance Cao Anh Tuan said that regarding the authority to invest state capital in enterprises, the Government submitted the following direction: The National Assembly decides to approve the policy of investing additional capital in enterprises at a level corresponding to important national projects.
The Government shall prescribe the authority to decide on the policy of additional capital investment in enterprises beyond the authority of the National Assembly and shall prescribe in detail the order, procedures and dossiers for additional capital investment in enterprises in accordance with the provisions of the law on the state budget.
The Prime Minister decides or delegates the decision on capital investment policy to establish enterprises with 100% state-owned capital.
Along with that, the draft also specifically stipulates the agencies representing capital owners. In particular, the draft stipulates that the State Capital Management Committee is the specialized agency responsible for managing state capital invested in enterprises.
At the meeting, Chairman of the National Assembly's Economic Committee Vu Hong Thanh said that there are still many contents in the draft that need to be completed, creating initiative for businesses, cutting down on administrative procedures, limiting requests and grants...
Chairman Vu Hong Thanh proposed separating 100% state-owned enterprises from 50% state-owned enterprises according to new regulations.
Regarding credit institutions, according to Chairman Vu Hong Thanh, there are the Vietnam Bank for Social Policies and the Vietnam Development Bank, although they are also banks, their scope and nature of operations are very specific and special, not for profit, and need to be clarified.
At the meeting, Vice Chairman of the National Assembly Nguyen Khac Dinh proposed reviewing the entire draft law and needing to consistently demonstrate the ideology of Resolution 12 of the Central Executive Committee.
According to the Vice Chairman of the National Assembly, the main idea is that the State does not interfere in the production, business and management activities of enterprises.
“State capital after being invested in an enterprise is determined to be the enterprise’s assets and capital. However, enterprises have to ask for everything, go through procedures for everything, losing time and business opportunities,” the Vice Chairman of the National Assembly raised the issue.
The Vice Chairman of the National Assembly also asked: Why are private enterprises so effective? Because they save time, procedures, and costs of applying for jobs here and there...
In addition, the Vice Chairman of the National Assembly also noted that administrative procedures must be cut down and simplified to the maximum extent possible, and the request-grant mechanism must be limited. The Prime Minister has given instructions on this issue many times, but the draft has not yet reflected much.
The Vice Chairman of the National Assembly emphasized the need to increase decentralization and delegation of power. The draft law already has it, but "not much". The report presents new points, but not very new, not much decentralization and delegation of power.
According to the Vice Chairman of the National Assembly, the draft regulation requires businesses to submit too many things, from procedures, strategies, directions, plans, etc. "People have taken full responsibility, but if they have to ask for everything, how can they take full responsibility?", said the Vice Chairman of the National Assembly.
Regarding the regulations on thoroughly handling difficulties, the Vice Chairman of the National Assembly said that corporations, general companies and banks have listed the difficulties, but reading the draft, we see that even though they exist, they have not yet fundamentally resolved those difficulties.
