On August 22, the National Assembly discussed in the hall the content of mechanisms and policies for the project of building an urban area encroaching on the sea to integrate into the draft Law on Urban Development.
Speaking to explain and clarify some issues raised by delegates, Member of the Party Central Committee, Minister of Finance Ngo Van Tuan said that issues of concern to delegates such as ensuring security, national defense, environment, especially the marine environment and the interests of people when implementing projects to build sea-encroaching urban areas.
In the drafting process, the opinions of relevant agencies were received, 1 article of law was designed to be integrated into the Law on Urban Development, adjusting the scope of sea encroachment projects for urban construction, ensuring 3 specific characteristics.
According to the Minister of Finance, the formation of sea encroachment areas has not existed in reality for urban development.
This is not simply land reclamation to create land funds but forming a new urban area on the blue sea, modern, smart, nationally iconic, creating a new growth pole attractive enough to attract strategic investors and consumers.
Along with that, the characteristic of this project is its very large scale, relatively long capital recovery time and especially the amount of raw materials for the project is also very large - equivalent to key national projects.
To ensure the above issues, in the draft law, Minister Ngo Van Tuan said that 7 principles that sea encroachment urban areas must meet when implemented have been designed.
In which, it is required to be consistent with planning, ensuring national defense and security, sovereignty, sovereign rights, property rights and national interests at sea; ensuring the principle of people's access to the sea; implemented in stages and associated with environmental protection responsibilities.
Minister Ngo Van Tuan also affirmed the principle of building sea encroachment urban areas "ensuring that no new administrative unit is formed".
Especially fully complying with the provisions of Vietnamese law as well as the 1982 United Nations Convention on the Law of the Sea.
Regarding the criteria for strategic investors, Minister of Finance Ngo Van Tuan said that they will be designed in the draft decree stipulating the authority of the Prime Minister to decide, ensuring compliance with practical conditions as well as very strict regulations on project transfer conditions.
According to the Minister of Finance, a project being implemented smoothly, with capital sources ranging from 100,000 - 200,000 billion VND, is a very large number. Therefore, it is necessary to design regulations to both assign responsibility and create conditions for investors to mobilize capital.
We must have enough mechanisms and policies to attract investors with capital potential and management experience, ensuring that after construction, they can organize and deploy operations" - said the Minister of Finance.
The Minister of Finance emphasized that he will seriously absorb all comments from National Assembly deputies, so that when the law is promulgated, it is feasible, and most importantly, it absolutely ensures security, national defense, environment, and the rights of the people.
