This is the information that Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai stated in the report on the review of the draft Resolution of the National Assembly replacing Resolution No. 35/2021/QH15 on piloting a number of specific mechanisms and policies for the development of Hai Phong City.
The draft stipulates: "The City People's Committee approves the investment policy for projects to build new ports and port areas with an investment capital of VND2,300 billion or more". Currently, this authority belongs to the Prime Minister.
Mr. Phan Van Mai said that the Economic and Financial Committee (KTTC) agreed to decentralize to the city in accordance with the spirit of Resolution 45 of the Politburo. However, it is proposed to add regulations on the responsibility regime, ensuring authority goes hand in hand with responsibility.
Draft resolution regulating exemption of corporate income tax and personal income tax for innovative start-up activities.
The KTTC Committee agreed with the policy because it is similar to Da Nang, but for the corporate income tax exemption, it is proposed to add a provision: "In case the enterprise is subject to global minimum tax, it must pay tax according to corresponding regulations" to ensure consistency with the global minimum tax policy.
Regarding the risk investment fund, Mr. Phan Van Mai suggested considering exempting the responsibility of cadres, civil servants, and employees using capital from the Risk Investment Fund.
Regarding the recovery of interspersed land areas in residential areas, Mr. Phan Van Mai said that in order to contribute to overcoming practical problems and speeding up the progress of land recovery for community interest projects, the Committee for Investment in the Capital basically agrees with this policy.
However, because this is a policy directly related to the people, it is recommended that the drafting agency supplement regulations on the criteria and conditions for applying this regulation.
Clearly define responsibilities in implementation, ensure not taking advantage of policies, avoid complaints, and create consensus among the people.
Regarding foreign currency trading, valuation, and payment policies in the Free Trade Zone (FTC Zones), this is a new policy, affecting foreign exchange management and monetary security, but there are no specific regulations on the mechanism for managing, controlling, and managing foreign exchange risks to ensure money laundering prevention. Therefore, it is recommended to clarify this issue.
With the policy on goods transit: It is recommended to clarify the process, management mechanism, and control of goods transit activities to strictly control, prevent "shadow" investment behavior, and take advantage of new regulations of the e-commerce zone to illegally transport goods to third countries.
Regarding tax incentives in the E-commerce Zone, the KTTC Committee approves the application of corporate income tax incentives because they are similar to the rate applied to the economic zone; but the application period is longer.
Therefore, it is recommended to consider the preferential period; in case the enterprise is subject to the global minimum tax, it will pay the tax according to corresponding regulations.
