Harmonious benefits and shared risks are important principles in investment.

Conference scene. Photo: PV

At the workshop, discussions paid special attention to the issue of resolving disputes and proposing solutions to attract capital flows.

According to Chairman of Quang Ninh Provincial People's Committee Pham Duc An, the workshop has a very new and creative approach to the principle of harmonious benefits and shared risks.

Mr. Pham Duc An affirmed that this principle becomes even more useful when the law will not have too detailed regulations and will give power to localities in the spirit of "locality decides, locality acts, locality is responsible".

For Quang Ninh, in the first quarter of 2025, the locality grew by 10.91%, ranking 7th in the country, meeting the set requirements. However, in the current context, especially the US's reciprocal tax has direct impacts on the province because there are many products exported to the US, which can have a major impact on economic growth.

Chairman of Quang Ninh Provincial People's Committee Pham Duc An speaks at the workshop. Photo: PV

Also at the workshop, delegates exchanged and discussed issues surrounding the determination of the content and value of the principle of "Harmonious benefits, shared risks" in attracting investment for national development in the context of many fluctuations in domestic and international investment activities; opportunities and challenges, especially from unfavorable external and internal factors that have lasted for many years in current Vietnamese law.

The most recent preliminary survey by the Central Institute for Economic Management (now the Institute for Policy and Strategy Research) and comments at the workshop showed that although the number of conditional business investment sectors has decreased in form, the content of the sectors has expanded and is more comprehensive.

For example, the list of conditional business lines of the 2014 Investment Law stipulates "Regular breeding and rearing of wild animals"; in the 2020 Investment Law, this business line is shortened to: "Regular breeding of wild animals". Or the business line "Business of aquatic feed testing services" is a conditional business line of the 2014 Law; in the 2020 Law, this business line is expanded to: "Business of aquatic feed and animal feed testing services". In fact, the number of specific business lines with regulations on business conditions in specialized laws is much larger than the number of 227 business lines according to the List of the 2020 Investment Law...

This reality requires the fourth revolution in reforming investment and business conditions to continue in a substantive direction, not chasing quantity. From now on, the ministries and branches with functions must urgently review and propose the elimination of investment and business conditions with general, unreasonable, unclear, difficult to define, unnecessary, unreasonable, meaningless and ineffective regulations on state management, which have hindered the production and business activities of enterprises.

Source: https://hanoimoi.vn/loi-ich-hai-hoa-rui-ro-chia-se-la-nguyen-tac-quan-trong-trong-dau-tu-698013.html