Policy groups in Law on Public Investment specified
The amendments to the draft Law on Public Investment (amended) specify five major policy groups, deeply reflecting the spirit of breakthrough, reform, and decentralisation of power advocated by the Party Central Party, the Politburo, the National Assembly, and the Government, Minister of Planning and Investment Nguyen Chi Dung said at the National Assembly’s ongoing 8th session in Hanoi on October 29.
Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA)
Hanoi (VNA) - The amendments to the draft Law on Public Investment (amended) specify five major policy groups, deeply reflecting the spirit of breakthrough, reform, and decentralisation of power advocated by the Party Central Party, the Politburo, the National Assembly, and the Government, Minister of Planning and Investment Nguyen Chi Dung said at the National Assembly’s ongoing 8th session in Hanoi on October 29.
The draft Law has been hailed by ministries, sectors, localities, international organisations, and foreign donors, particularly in terms of fundamentally addressing existing issues, limitations, and bottlenecks arising in the implementation of the 2019 Law on Public Investment, he said.
The regulations on decentralisation and delegation of authority ensure clarity in roles, tasks, and responsibilities, making it easier to monitor, supervise, and evaluate the work, meeting the requirements for managing and using public investment resources to implement the three strategic breakthroughs, particularly in infrastructure development, he noted.
According to the minister, the major policy groups spꦍecified include institutionalising mechanisms and pilot and specific policies that have been authorised by the NA; promoting decentralisation and delegation of authority; improving the quality of investment preparation, resource and ability mobilisation to implement public investment projects of localities and State-owned enterprises; promoting the implementation and disbursement of official development assistance (ODA) funding and concessional loans from foreign donors (foreign capital); and simplifying procedures, and adding and clarifying concepts, terms, and regulations to ensure the consistency and coherence of the legal system./.
The 15th National Assembly continued the ongoing 8th session in Hanoi on October 22, the second working day, under the chair of NA Chairman Tran Thanh Man.
The 15th-tenure National Assembly (NA) is scheduled to hold the 8th session from October 21 to November 30, with a new State President to be elected on the first working day, heard a press conference on October 20.
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.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
