Proposal not to restrict state-owned enterprises from investing in real estate

Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai reports at the meeting. *Photo: media.quochoi.vn*

In response to the proposal to consider not allowing all state-owned enterprises to invest in real estate, but only allowing large state-owned enterprises to invest, reporting at the meeting, Chairman of the National Assembly 's Economic and Financial Committee Phan Van Mai said that this would limit the autonomy of enterprises in their business operations, which is not in line with the Party's policy on innovation, improving the operational efficiency of state-owned enterprises, and ensuring the implementation of the policy of abandoning the mindset of "if you can't manage it, then ban it".

“State-owned enterprises are allowed to conduct business activities in accordance with the law and the direction of the State as the owner, as shown through the charter and business strategy of the enterprise. Therefore, the Standing Committee of the Economic and Financial Committee and the drafting agency do not stipulate this content in the draft Law,” said Mr. Phan Van Mai.

National Assembly Chairman Tran Thanh Man speaks at the meeting. *Photo: media.quochoi.vn*

Regarding state capital investment in enterprises, National Assembly Chairman Tran Thanh Man suggested that in the document detailing the Law, it is necessary to review and clarify concepts such as state capital investment in high-tech enterprises, large investments, creating momentum for rapid development of other industries, fields and the economy.

Regarding the regulations on preserving and developing capital of enterprises, the Chairman of the National Assembly suggested that this content must be regulated more strictly and precisely. In particular, the content of Resolution No. 57-NQ/TU is updated with regulations on the policy of excluding liability in cases where testing new technologies and new business models causes economic damage due to objective reasons and the content of Resolution No. 68-NQ/TU on the legal framework for controlled testing of new technologies, products, services, and new economic models.

Chairman of the National Assembly's Committee on Law and Justice Hoang Thanh Tung agreed with not including enterprises with investment capital from political organizations, the Vietnam Fatherland Front, and socio-political organizations as subjects of application of the Law.

However, Mr. Hoang Thanh Tung requested clarification on the Government's detailed regulations on State capital management, or regulations on the application of the Law's provisions to implement capital management and investment in the above-mentioned enterprises.

Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai said that the National Assembly Standing Committee requested relevant agencies to study and absorb the draft Law to complete it, ensuring quality before submitting it to the National Assembly for consideration.

Source: https://hanoimoi.vn/de-xuat-khong-han-che-doanh-nghiep-nha-nuoc-dau-tu-bat-dong-san-704746.html