10/30/2024 06:42

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(PLVN) - Yesterday (October 29), authorized by the Government, the Minister of Planning and Investment presented a report on the draft Law on Public Investment (amended) to the National Assembly.

According to the Minister of Planning and Investment, this amendment demonstrates the spirit of breakthrough, reform, decentralization, and delegation of power according to the motto "locality decides, locality acts, locality takes responsibility". The Central Government, the National Assembly, and the Government will play a role in creating, enhancing institutional perfection, and inspecting and supervising.

The amendment of the Law also aims to ensure clarity of people, work, responsibilities and results; to cut down and simplify administrative procedures, to avoid shirking responsibility, and to avoid creating a "request - grant" mechanism...

There are many noteworthy amendments such as decentralizing the authority to decide on investment policies for group A projects; extending the time for budget capital allocation; allowing the separation of compensation, support, resettlement, and site clearance into independent projects...

The new points of the draft Law on Public Investment (amended) remind people of an event: on July 24, when chairing a meeting on thematic session on law-making in July 2024, Prime Minister Pham Minh Chinh clearly stated the requirement that legal regulations must "clearly define the person, the work, the implementation time, the effectiveness and the product".

One of the principles of law-making is to remove difficulties, overcome challenges and obstacles arising in practice, thereby creating regulations that can mobilize the strength of national solidarity, mobilize all resources in society to develop the country in accordance with the goals set by the 13th National Party Congress. That is, by 2030, Vietnam will become a developing country with modern industry and high average income; and by 2045, it will be a developed country with high income.

Cut down on administrative procedures, end the request-grant mechanism, reduce hassle for agencies, people, and businesses; reduce compliance costs when having to carry out administrative procedures. The spirit of administrative reform that the Government requires is a civilized trend.

Returning to the Law on Public Investment, which is a very important law. The remarkable amendments mentioned above will certainly contribute to the completion and creation of a comprehensive legal basis for implementing public investment plans, minimizing administrative procedures; minimizing confusion and concerns of ministries, branches and localities. Thereby, contributing to promoting the implementation and disbursement of public investment plans, promptly putting works and projects into operation and use, improving the capacity and competitiveness of the economy.