[Video] Amended Investment Law Project: promoting decentralization and delegation of authority to approve investment policies

Continuing the program of the 10th Session of the 15th National Assembly, on the morning of November 11, the National Assembly listened to the Government's Report and the Verification Report of the National Assembly's Economic and Financial Committee on the draft amended Investment Law.

Minister of Finance Nguyen Van Thang said that the draft law has been completed in the direction of narrowing the scope of projects that must have investment policy approval, focusing on important areas such as infrastructure, seaports, airports, and telecommunications; at the same time, promoting decentralization and delegation of power to the Prime Minister and Chairmen of Provincial People's Committees, simplifying appraisal procedures, and expanding the application of "green channels" for projects in industrial parks and high-tech parks.

The draft also cuts 25 conditional business investment sectors, narrows the scope of 20 other sectors, and abolishes procedures for approving foreign investment policies.

Presenting the review report, Chairman of the Economic and Financial Committee Phan Van Mai affirmed the necessity of amending the law, suggesting that the investment policy approval process should only be applied in cases of real necessity, continuing to review and streamline the list of investment sectors, ensuring reasonable and consistent decentralization in the legal system.

LE CHI - NGUYEN THUY

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