Minister of Planning and Industry Nguyen Chi Dung speaks at the afternoon session of the National Assembly on Tuesday.– VNA/VNS Photo Trong Duc Minister of Planning and Industry Nguyen Chi Dung asked the National Assembly to review the draft of the amended Law of Public Investment on Tuesday afternoon. The draft law contains six chapters and 104 items and is expected to adjust some items of the original Law of Public Investment No 49/2014/QH13, which was dated June 18, 2014 and took effect in January 2015. “After three years of implementation, the Law of Public Investment has raised the efficiency of public investment and public capital use,” Dung said. “It has helped government agencies become transparent in their use of State capital, pushed efforts to fight corruption and overspending and saved some budget expenses in civil procurement,” he said. However, Dung said the existing law had room for improvement. The team that developed it lacked practical … [Read more...] about Draft law on public investment proposed
Law
Việt Nam is to have new law on IP and EPZ
A view of Bình Xuyên Industrial Parks in Vĩnh Phúc Province. — VNA/VNS Photo Trần Duy Đông, director general for the Department for Economic Zones Management under the Ministry of Planning and Investment, talks to Kinh tế Việt Nam & Thế giơí (Việt Nam and the World Economy) magazine on Việt Nam’s plan to enact a new law on Industrial Parks and Economic Processing Zones. What do you think about the changes in our policies to attract foreign investment? Since the enactment of the Law on Investment in 2005, industrial parks nationwide have considerably contributed to the rapid development of industrial zones and economic processing zones. Under the 2005 law, management boards of industrial parks and industrial zones have focused more on their functional tasks and missions, particularly on land management, labour, trade, environment and construction through the practice of one-stop shop. This … [Read more...] about Việt Nam is to have new law on IP and EPZ
Mixed opinions on revision of Law on Public Investment
On behalf of the Government, Minister of Planning and Investment Nguyen Chi Dung delivers a report submitting the draft law amending and supplementing some articles of the Law on Public Investment on October 23 (Photo: VNA) Hanoi (VNA) – There have been some mixed ideas regarding the revision of the Law on Public Investment, with some lawmakers supporting the revision of only certain articles, and others that share the Government’s view that the law deserves more comprehensive amendments. A draft law amending and supplementing some articles of the Law on Public Investment was brought under discussion on October 23 as part of the ongoing sixth session of the 14th National Assembly (NA). The Government reported that over the past three years since it took effect, aside from many positive outcomes, there remain some shortcomings in the enforcement of the law and documents guiding its implementation. Many new and complicated procedures have made it difficult … [Read more...] about Mixed opinions on revision of Law on Public Investment
EU, Vietnam join hands in better enforcement of forest law, governance and trade
The Hanoitimes - This agreement is an important milestone in relation between the European Union (EU) and Vietnam in fighting against illegal logging and deforestation. A voluntary partnership agreement (VPA) between the European Union (EU) and Vietnam on forest law enforcement, governance and trade (FLEGT) was signed in Brussels in the margins of the EU-ASEM summit on October 19, stated EU in its statement. Illustrative photo. The VPA was signed by Sebastian Kurz, federal chancellor of the Republic of Austria, and Federica Mogherini, EU high representative for foreign affairs and security, on behalf of the EU and Nguyen Xuan Cuong, Minister for Agricultural and Rural Development of Vietnam. The VPA will enter into force after being ratified by both the EU and Vietnam and will be binding upon the parties. The aim of the agreement is to stop illegal logging and, through the FLEGT licensing scheme, to guarantee that timber imported into the EU from Vietnam … [Read more...] about EU, Vietnam join hands in better enforcement of forest law, governance and trade
Vietnam contributes to discussion of int’l law development
Director-General of the Department of Law and International Treaty under the Ministry of Foreign Affairs Le Thi Tuyet Mai speaks at the 57th Annual Session of the AALCO (Photo: baoquocte.vn) Hanoi (VNA) – A Vietnamese delegation attended the 57th Annual Session of the Asian-African Legal Consultative Organization (AALCO), which took place in Tokyo, Japan, on October 8-12. … [Read more...] about Vietnam contributes to discussion of int’l law development