Many ministries and agencies support Vinspeed's proposal to invest in the North-South high-speed railway.

The Government Office issued Notice 230 on the conclusion of Deputy Prime Minister Tran Hong Ha at the meeting on the investment proposal for the high-speed railway project on the North-South axis of Vinspeed High-Speed ​​Railway Investment and Development Joint Stock Company on May 12.

The announcement stated that after listening to the report of Vinspeed Company and the opinions of the delegates attending the meeting, the Deputy Prime Minister concluded that the Politburo issued Resolution No. 68 on private economic development, which advocates expanding the participation of private enterprises in important national projects.

Resolution No. 68 also encourages the private economic sector to participate with the State in strategic areas and important national projects (such as high-speed railways, urban railways, key industries, etc.).

At the 8th Session of the 15th National Assembly (November 2024), the 8th Session, the National Assembly voted to pass a Resolution on the investment policy for the high-speed railway project on the North-South axis.

Therefore, at the meeting, the initial opinions of ministries and agencies were basically in support of and welcomed Vinspeed's proposal to invest in the high-speed railway project on the North-South axis.

However, the proposal to change the investment form and the proposal to apply some specific and special policies and mechanisms to implement the Project must be reported to the competent authority and is under the authority of the National Assembly.

Regarding the draft Resolution on piloting a number of specific and special mechanisms and policies for investment in developing the railway system, the Deputy Prime Minister assigned the Ministry of Construction to preside over and carefully review the proposals of investors, absorb the opinions of the Standing Committee of the Government Party Committee, and comments from ministries and branches to complete the draft Resolution.

Government leaders thoroughly grasp the principle of including generally applicable policies in the draft Resolution; report to competent authorities and submit to the National Assembly before May 20.

Regarding the specific proposal of the high-speed railway project on the North-South axis, the Deputy Prime Minister assigned the Ministry of Construction to preside over the synthesis based on the proposals and comments of the ministries and agencies: Finance, Agriculture and Environment, Justice, and the State Bank of Vietnam.

At the same time, the Ministry of Construction needs to report to the Government Standing Committee and the Government Party Committee Standing Committee for consideration before submitting to competent authorities for consideration of the policy of converting investment forms, policies and mechanisms, and specific characteristics applied specifically to implement the project.

In particular, the Ministry of Finance is assigned to thoroughly evaluate the contents within its functions and tasks, including: assessing the feasibility of converting the form from public investment to direct investment; assessing the feasibility and ability to balance state capital sources to lend to enterprises according to the investor's proposal; specific and special policy mechanisms for the project (the state lending to private enterprises without interest with a loan term of 35 years; the project's operating time is 99 years; the minimum ticket price for each class and the enjoyment of other investment incentives prescribed by law...).

The State Bank is responsible for reviewing, evaluating and providing comments on the policy of the total outstanding loan balance of the project not being included in the total outstanding loans of Vingroup Corporation according to the provisions of the Law on Credit Institutions as advised by the Ministry of Finance.

The Ministries of Agriculture and Environment, Justice, Public Security, National Defense, Industry and Trade, Science and Technology, according to their functions and duties, review, comment and assess the impact on the policy mechanisms proposed by Vinspeed Company.

Regarding the implementation progress, the Deputy Prime Minister requested ministries and agencies to urgently give opinions and propose contents according to their functions and tasks, and send documents to the Ministry of Construction before May 19.

The Ministry of Construction synthesizes and reports to the Standing Committee of the Party Committee of the Ministry of Construction, submits to the Standing Committee of the Government Party Committee before May 22; reports to competent authorities and the National Assembly at the 9th Session of the 15th National Assembly (when permitted by competent authorities).

The Deputy Prime Minister requested Vinspeed Company to take the lead and coordinate with the Ministry of Construction and the Ministry of Finance to complete the investment plan dossier, and draw up a comparison between the two investment plans between the State and the private sector. This will clarify the feasibility, completion progress, investment efficiency, etc., thereby demonstrating the advantages of private investment: faster, cheaper, and more effective.

Vinspeed works with ministries and agencies: Construction, Finance, Agriculture and Environment, Justice, Industry and Trade, Science and Technology, State Bank to clarify and complete specific policy mechanisms, especially to submit reports to competent authorities for consideration and decision.

Also under the direction of the Deputy Prime Minister, Vinspeed is responsible for properly implementing the commitments on the proposed contents; researching and planning to build a railway industrial system, playing a leading role in the development of the railway industrial chain in case of decision by competent authorities.

Japanese

Source: https://vtcnews.vn/nhieu-bo-co-quan-ung-ho-de-xuat-cua-vinspeed-dau-tu-duong-sat-toc-do-cao-bac-nam-ar943350.html