Legislators look into investment mechanisms for Ninh Thuan nuclear power project
The Government's proposal states that the Ninh Thuan nuclear power project is of exceptional importance, involving advanced technologies possessed by only a few countries. With its high investment capital amount and being the first of its kind in Vietnam, the project necessitates special and strong mechanisms and policies to accelerate the progress and shorten the implementation time.
Lawmakers at the National Assembly’s 9th extraordinary session. (Photo: VNA)
Hanoi (VNA) – Lawmakers continue discussions at the hall on specific investment mechanisms and policies for the Ninh Thuan nuclear power project during their sitting on February 17 within the National Assembly’s𝄹 9th extraordinary session.
The Government's proposal states that the Ninh Thuan nuclear power project is of exceptional importance, involving advanced technologies possessed by only a few countries. With its high investment capital amount and being the first of its kind in Vietnam, the project necessitates special and strong mechanisms and policies to accelerate the progress and shorten the implementation time.
Accordingly, certain special mechanisms and policies for the project include allowing the simultaneous implementation of tasks such as negotiating agreements with partners while preparing and approving adjustments to the investment policy, and approval of the investment project.
Regarding the selection of investors and contractors, the Prime Minister has assigned the investors to implement the project. The turnkey contract model will be applied, and direct appointment of contractors will be used for the turnkey package of the main plant construction with contractors specified in intergovernmental agreements. Additionally, direct or simplified contractor appointment will be applied to key consulting packages to build, verify, assess, and support investors in managing and implementing the project; and those related to fuel procurement and hiring partners for initial operation and maintenance.
The financial and capital arrangement mechanism includes negotiating government loans with partners; allowing the investors to re-borrow without credit risk; and using increased revenue, budget savings, and other legal funding sources. The investors can also access loans from government bonds, corporate bonds, or project bonds, along with other mechanisms to secure the necessary counterpart funds for the project. Additionally, state budget allocations will be arranged for resettlement and relocation efforts.
The same day morning, legislators will join a debate at the hall on the NA’s draft resolution on piloting certain policies to resolve obstacles in sci-tech development, innovation activities, and national transformation.
In their afternoon session, lawmakers will vote to approve the Law on amendments and supplements to a number of articles of the Law on Organisation of the National Assembly.
NA deputies will hear a proposal and an appraisal report on the plan to supplement charter capital for the Vietnam Expressway Corporation (VEC) for the 2024–2026 period, and discuss this matter at the hall.
In a close session on the same day, lawmakers will hear a proposal and an appraisal report on the organisational structure of the Government in the 15th-term NA; and those on the number of cabinet members in the 15th-term legislature, followed by group discussions on these matters./.
NA Chairman Man, who is also a Politburo member and Secretary of the NA Party Committee, said that the committee, with nearly 3,000 members, must maintain strict organisational principles and build a clean and strong Party organisation that promotes solidarity, democracy, responsibility, unity, and creativity.
The national GDP growth in 2025 must reach at least 8% to lay a solid stepping stone for double-digit growth sustained for a long enough period of time, starting in 2026, according to the Government's proposal.
The resolution, presented at the February 13 session of the NA Standing Committee, seeks to establish a legal framework that would effectively boost national scientific-technological advancement and digital transformation, making them driving forces for socio-economic development to deliver on the dual targets by 2030 and 2045 as outlined at the 13th National Party Congress.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
