On the afternoon of January 8, the National Assembly Standing Committee opened its 29th session to give opinions on many important issues. In his opening speech, National Assembly Chairman Vuong Dinh Hue said the main content of the session was to give opinions on preparations for the 5th extraordinary session of the National Assembly scheduled to open on January 15.

3 issues needing comments in the revised Land Law project

Regarding the specific contents of the 1.5-day meeting, Mr. Hue said that the meeting will give opinions on the draft Law on Land (amended). He stated that this is an extremely important draft law, with profound impacts on all aspects of society, all classes of people, and the business community in the short and long term. The drafting agency and the reviewing agency have prepared very carefully and elaborately, and have consulted experts and scientists many times, and have organized to collect public opinions with over 12 million opinions participating. "The National Assembly has reviewed and commented at three sessions. The National Assembly Standing Committee has also commented many times and officially commented five times through the announcements of the National Assembly Standing Committee. Not to mention, many times the National Assembly Chairman, Vice Chairmen, Prime Minister, and Deputy Prime Ministers have worked with agencies. At the same time, three meetings of full-time delegates have also commented on this bill. Up to now, the draft law has basically been completed and institutionalized, covering Resolution 18 of the Central Committee, closely following the Constitution, the Party's platform, and current laws," said Mr. Hue. According to Mr. Hue, the bill should have been passed at the 6th session, but in order to more thoroughly consider some major contents and some issues with different opinions, the National Assembly Standing Committee agreed with the Government to submit it to the National Assembly for consideration, review, and approval at the nearest session. Regarding the dossier, Mr. Hue said that it has been carefully prepared and there are still some issues, so he requested the National Assembly Standing Committee to give further comments. Specifically, land recovery for commercial housing projects, mixed housing and commercial service projects; land valuation methods, authority and responsibility for deciding on land valuation; land fund creation projects, land development funds... He requested members of the National Assembly Standing Committee to give comments and complete the dossier to submit to the National Assembly for consideration and approval at the extraordinary session.

2 main contents focused on comments in the revised Law on Credit Institutions

Regarding the draft Law on Credit Institutions (amended), the National Assembly Chairman stated that this is an important project, highly specialized but has a profound impact on many subjects, directly affecting the financial and monetary policy, the macro economy, and the safety and security of the national financial and monetary system. He said that the National Assembly has given its opinions at two sessions. The National Assembly Standing Committee and the National Assembly leaders have given their opinions many times and have given specific instructions. To ensure that the law is passed with the best quality, consistent with the legal system, meeting practical requirements, and restructuring the credit and banking system in the coming time, he suggested that the National Assembly Standing Committee give its opinions to further improve a number of issues. In particular, focusing on two main contents: early intervention and special control. In addition, it is necessary to review regulations such as financial group management, cross-ownership settlement, transitional regulations, bad debt handling, collateral, etc. He pointed out that this content is relatively urgent and although the Government is very active, "it was only yesterday or the day before yesterday that the official document was submitted". Due to the short remaining time, he suggested that the National Assembly Standing Committee consider giving opinions to complete the submission to the National Assembly for consideration and approval at the extraordinary session. The National Assembly Chairman also informed that at the meeting, the National Assembly Standing Committee will consider personnel work for National Assembly deputies according to its authority and legal regulations.

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