New opportunities with large-scale infrastructure projects

National Assembly Chairman Tran Thanh Man assessed this as a "historic" session not only because of the huge amount of work, but also because of its special significance in summarizing the term, deciding on important national issues and laying the foundation for a new development stage.

Of the 66 contents, including 49 draft laws expected to be reviewed and decided, investors and construction enterprises pay special attention to two key draft laws. These are the Investment Law (replacement), the Planning Law (amended) and the Proposal to adjust the National Master Plan for the period 2021-2030, with a vision to 2050.

With a strong spirit of decentralization and expansion of investment space, the Investment Law (replacement) is expected to remove institutional obstacles and reduce and simplify administrative procedures.

This will contribute to creating a more open and favorable investment and business environment for people and businesses.

The draft law also completes the system of regulations on conditional investment and business sectors, cuts unnecessary fields, and promotes decentralization of management between the central and local levels. The goal is to improve the effectiveness and efficiency of state management, promptly handle practical issues and remove long-standing "institutional bottlenecks".

From another perspective, the Law on Planning (amended) is considered a tool to create national development space in the new period. The draft law aims to build a unified, synchronous and modern legal framework, helping planning truly become an effective tool of the State in planning socio -economic development, allocating resources and organizing territorial space.

In the latest draft, the Government proposed comprehensive amendments to the Law on Planning to simplify the process, reduce at least 30% of administrative procedures, and at the same time strengthen decentralization and delegation of authority in planning preparation and approval activities in accordance with the new administrative model after the rearrangement.

In particular, the Draft Law clearly stipulates the authority at each planning level. Accordingly, the National Assembly decides on the National Master Plan; the Prime Minister approves the Marine Spatial Planning, the National Land Use Planning and the Regional Planning; the Minister approves the Sectoral Planning; the Chairman of the Provincial People's Committee approves the Provincial Planning. As for urban and rural planning, it will continue to be implemented according to specialized laws.

This is considered an important open direction, helping to speed up the process of adjusting national, sectoral and regional planning, especially after completing the rearrangement of provinces and cities.

For example, in the field of transport infrastructure, the merger of administrative boundaries has caused many expressways that were planned to connect between provinces to now become intra-provincial routes, opening up investment opportunities earlier than planned after 2030.

Many large infrastructure projects will have their investment process activated immediately after the Law on Planning (amended) is issued, bringing job opportunities, helping to connect economic-administrative centers and key production areas more quickly, thereby creating new development space and strong growth momentum for the locality.

Amidst the busy work of the “historic” session, voters, the business community and investors all expect that the National Assembly will discuss, review and pass these two important draft laws with the highest quality. This is not only an important step in perfecting institutions and improving the investment environment, but also a strategic step to expand development space, create new growth momentum for the country, towards a prosperous Vietnam.

Source: https://baodautu.vn/co-hoi-moi-voi-du-an-ha-tang-quy-mo-lon-d415492.html