Amendments to the Law aim to decentralize power and promote infrastructure development.

With numerous revisions to mechanisms and policies, stronger decentralization and delegation of power, and accelerated infrastructure development, Vietnam is expected to undergo a transformation in its logistics infrastructure in the future.

With numerous revisions to mechanisms and policies, stronger decentralization and delegation of power, and accelerated infrastructure development, Vietnam is expected to undergo a transformation in its logistics infrastructure in the future.

At the 2nd Vietnam Logistics Conference - 2024, organized by the Investment Newspaper , Mr. Le Tuan Anh, Director of the Department of Industrial and Service Economics ( Ministry of Planning and Investment ), shared the reasons why Chinese goods are competitively priced and their logistics system is more developed than other countries in the region.

Mr. Le Tuan Anh, Director of the Department of Industrial and Service Economics (Ministry of Planning and Investment) - Photo: Le Toan

Firstly, China's construction permit process is much faster than Vietnam's. For example, to obtain a construction permit for a Tesla car factory, the entire process, from investment decision to completion, takes only 11 months; building a shopping mall the size of Aeon takes less than 3 months.

However, in Vietnam, building an automobile factory can take years to complete.

Secondly, although China started building expressways later than many other countries, it has now developed the world's longest expressway system, connecting economic regions and thus facilitating travel, goods transportation, and logistics.

Meanwhile, Vietnam's highway system and infrastructure are still being completed, with a plan to put 5,000 km of highways into operation by 2030. In addition, while mechanisms and policies have become increasingly open and favorable for investors, bottlenecks in the mechanisms have been identified and need to be urgently addressed and improved.

For example, at the ongoing eighth session, the National Assembly is considering and giving opinions on the Draft Law amending four laws in the investment sector, including the Law on Public Investment.

According to the draft revised Law on Public Investment submitted by the Government to the National Assembly, there are five main policy amendments. These include: institutionalizing pilot and specific mechanisms and policies already approved by the National Assembly; further promoting decentralization and delegation of power; improving the quality of investment preparation, resource exploitation, and the capacity to implement public investment projects by localities and state-owned enterprises; promoting the implementation and disbursement of ODA and preferential loan plans from foreign donors; simplifying procedures, supplementing and clarifying concepts, terms, and regulations, and ensuring the consistency and uniformity of the legal system.

Overview of the discussion session at the 2nd Vietnam Logistics Conference - 2024 organized by Investment Newspaper (Photo: Le Toan)

Mr. Le Tuan Anh stated that the draft also proposes increasing the scale of nationally important projects to 30,000 billion VND (previously 10,000 billion VND), and doubling the scale of Group A, Group B, and Group C projects. The head of a ministry or central agency will decide on the investment policy for Group A projects under their management with a capital scale of less than 10,000 billion VND; Group A projects from 10,000 billion VND to less than 30,000 billion VND fall under the authority of the Prime Minister. People's Committees at all levels will decide on the investment policy for Group B and Group C projects under local management; and the authority to adjust medium-term and annual public investment plans will be decentralized to the chairmen of People's Committees at all levels... This increased decentralization will promote faster and more efficient project implementation.

Alongside this is the draft law amending and supplementing several articles of the Planning Law, the Law on Investment under the Public-Private Partnership method, and the Bidding Law, aiming to promptly address urgent institutional difficulties and obstacles, simplify administrative procedures, and promote decentralization and delegation of power in the fields of planning, business investment, investment under the public-private partnership method, and bidding.

"With the concerted efforts of the entire system, we will be able to achieve things that were previously impossible. For example , the Government recently directed ministries, levels, and localities to effectively implement the 550kV power line project," Mr. Tuan Anh stated.

Besides amending the law, Mr. Tuan Anh further shared that the State is also focusing on developing the road system, submitting to the National Assembly proposals for investment in the North-South high-speed railway line, the railway connecting the North, and the route connecting with Laos and other countries sharing a border; as well as considering piloting duty-free zones and cross-border trade zones with countries sharing a border.

“These projects will utilize many resources, focus on unified efforts, and help the economy make a stronger transformation in the coming time. Furthermore, with positive information about the mechanisms being gradually removed, as well as the acceleration of infrastructure development, we expect significant changes in infrastructure in general and logistics infrastructure in particular in the future,” Mr. Le Tuan Anh anticipated.

Source: https://baodautu.vn/se-co-buoc-chuyen-minh-manh-me-ve-ha-tang-logistics-d228829.html