Businesses participating in strategic reserves receive tax and credit incentives.

Units, organizations, and businesses participating in strategic reserves are entitled to tax incentives, credit, and other preferential policies as stipulated by the Government in each period.

On December 11th, under the chairmanship of Deputy Speaker of the National Assembly Nguyen Duc Hai, the National Assembly voted to pass the Law on National Reserves (amended) with 436 out of 436 participating delegates voting in favor.

The National Assembly passed the Law on National Reserves (amended).

Before voting to approve the bill, the National Assembly heard Minister of Finance Nguyen Van Thang present a summary report on the acceptance and explanation of the draft law.

The Minister of Finance stated that, regarding strategic reserves, the Government would like to incorporate the principles for managing national and strategic reserves in Clause 1, Article 8 of the draft Law to finalize and revise it to: “1. National and strategic reserves must be managed strictly, safely, and confidentially in accordance with the law on protecting state secrets; preventing loss and waste; and proactively and promptly meeting the objectives and requirements of national reserves.”

In addition, the regulations on state policy regarding national reserves should be revised to stipulate in Clause 6, Article 4 of the draft Law as follows: “6. The State prioritizes investment, research, and development of science, technology, innovation, and digital transformation in the field of national reserves to modernize national reserve operations.”

The draft Law has been finalized and clarified to regulate strategic reserves of natural resources, important minerals, and digital resources. Specifically, Article 3, Clause 3 defines strategic reserve goods as materials, equipment, and merchandise; resources; strategic and important minerals; national energy; and high-tech products managed by the State. Furthermore, Article 7 specifies criteria for strategic reserve goods and assigns the Government the authority to provide detailed regulations.

Regarding the socialization of national reserves, the Government has incorporated and revised the draft Law in the following direction: Units, organizations, and enterprises participating in strategic reserves will receive preferential treatment in terms of taxes, credit, and other preferential policies as prescribed by the Government in each period; ensuring the legitimate rights and interests of the State and the components participating in strategic reserves.

The purchase and sale of strategic reserves, using both state budget and non-state budget funds, shall be carried out through agreements, voluntary participation, and contracts as prescribed by the Government and other relevant laws.

At the same time, the purchase and sale of strategic reserves from legitimate sources of units, organizations, and enterprises are carried out by the units, organizations, and enterprises themselves, with the State providing support for management, storage costs, and other support as prescribed by the Government.

Regarding the opinions of National Assembly deputies concerning the mechanism, list, and strategy for strategic reserves, Minister Nguyen Van Thang clarified that the draft Law has stipulated provisions that encourage and facilitate the participation of units and enterprises in strategic reserves. Based on the nature and specifics of each type of goods to meet the objectives of strategic reserves and market regulation, the Government will prescribe preferential policies to suit each period and the nature of the goods.

Regarding integration with the National Development Strategy, Clause 2, Article 4 of the draft Law stipulates that "national reserves shall be managed according to the principles of centralization and uniformity; the assignment and decentralization of management and operation shall be in accordance with the fields and geographical areas and the objectives of the national reserves."

Regarding regulations on high-tech goods and products, special situations, the review cycle of the list, and the establishment of an independent valuation council and socialization, the drafting agency of the Law has followed the direction of only stipulating the principles of the Law and entrusting the Government with the task of providing detailed regulations, ensuring suitability in each period.

Therefore, the Government acknowledges the opinions of the Delegates and assigns the drafting agency to study and incorporate these opinions during the process of reporting to the competent authority for the issuance of guiding documents for the Law.

Regarding the opinions of National Assembly deputies concerning the scope of strategic reserves, the Minister of Finance stated that the draft Law does not address the issue of foreign exchange reserves because this is already being implemented in accordance with the provisions of the law on banking.

Regarding the scope of reserves, which may involve both the region and the world, Clause 7, Article 4 of the draft Law stipulates that "actively integrating, cooperating internationally, exchanging, and sharing resources in national reserve activities ensures national interests and sovereignty"; as for specifying a concrete roadmap to achieve national reserve targets, this is a matter of implementation and should not be specifically stipulated in the Law. The Government will study the pilot model of revolving reserves when drafting the Decree to ensure feasibility, effectiveness, and avoid wasting state budget resources.

Regarding the opinions of National Assembly deputies concerning the import, export, and storage of national reserves and strategic reserves, the Government reports as follows: The draft Law has stipulated that decisions on import, export, and temporary export (both within and outside the plan) should be made public on the national reserve information system and database as prescribed by the Minister of Finance, including publicly available information and information protected under regulations on the protection of state secrets...

The draft Law on the reserve of important mineral resources as strategic reserves has been clarified in Article 3, stipulating that items selected for strategic reserves must meet the criteria in Article 7 and ensure the overall planning of the national reserve warehouse system as stipulated in point b, clause 2, Article 18, which states "in accordance with the national mineral reserve area," in order to be consistent with the regulations on geology and mineral law.

Source: https://congthuong.vn/doanh-nghiep-tham-gia-du-tru-chien-luoc-duoc-uu-dai-ve-thue-tin-dung-434360.html