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Press Release No. 8, 8th Session, 15th National Assembly

Việt NamViệt Nam29/10/2024

On Tuesday, October 29, 2024, the National Assembly continued its eighth working day (8th Session, 15th National Assembly) at the National Assembly House under the chairmanship of National Assembly Chairman Tran Thanh Man .

8th session, 15th National Assembly . (Photo: DANG KHOA)

MORNING

Under the direction of Vice Chairman of the National Assembly Nguyen Duc Hai, the National Assembly held a plenary session in the hall to listen to the following contents: (i) Minister of Planning and Investment Nguyen Chi Dung, authorized by the Prime Minister , presented the Report on the draft Law on Public Investment (amended). (ii) Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh presented the Report on the review of the draft Law on Public Investment (amended). (iii) Deputy Prime Minister and Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, presented the Report on the draft Law amending and supplementing a number of articles of the Securities Law, the Accounting Law, the Independent Audit Law, the State Budget Law, the Law on Management and Use of Public Assets, the Tax Administration Law and the Law on National Reserves. (iv) Member of the National Assembly Standing Committee, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh presented a report explaining, accepting and revising the draft Law on Value Added Tax (amended).

Afterward, National Assembly discussed in the hall on some contents with different opinions of the draft Law on Value Added Tax (amended). At the discussion session, 19 opinions of National Assembly deputies were expressed, 05 opinions of National Assembly deputies were debated, in which the opinions of deputies basically appreciated the preparation of the Report on reception, explanation and adjustment of the National Assembly Standing Committee and agreed with many contents of the draft Law. To continue perfecting the draft Law, National Assembly deputies focused on discussing the following contents: meeting the goals of tax system reform; stipulating the tax rate of 5% (for fertilizers; clean water for production and daily life; fishing vessels in offshore and sea areas; specialized machinery and equipment for agricultural production; scientific and technological services, etc.); non-taxable subjects; taxpayers; time for determining value added tax; method of direct calculation of value added tax; input value added tax deduction; VAT refund; revenue allocation mechanism; legislative techniques; enforcement. At the end of the discussion, Deputy Prime Minister and Minister of Finance Ho Duc Phoc and Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh spoke to explain and clarify a number of issues raised by National Assembly deputies.

AFTERNOON

The National Assembly discussed in groups the following two draft laws: (i) Draft Law on Public Investment (amended); (ii) Draft Law amending and supplementing a number of articles of the Securities Law, Accounting Law, Independent Audit Law, State Budget Law, Law on Management and Use of Public Assets, Tax Administration Law and National Reserve Law.

Wednesday, October 30, 2024 : (i) Morning, The National Assembly convened a plenary session in the hall to listen to: The presentation and the report on the examination of the draft Law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership model and the Law on Bidding; The presentation and the report on the examination of the draft Resolution on piloting the handling of evidence and assets during the investigation, prosecution and trial of a number of criminal cases. After that, the National Assembly discussed in groups the above contents;

(ii) In the afternoon , the National Assembly held a plenary session in the hall to listen to the Report on explanation, acceptance, and revision of the draft Law on People's Air Defense and discuss this content.


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