Investments

The Power of Persuasion: Unlocking Resources for Development

On the afternoon of September 11, Prime Minister Pham Minh Chinh chaired a meeting of the Government's Standing Committee on a range of key issues. Deputy Prime Minister Ho Duc Phoc and leaders from various ministries and central agencies also attended the important discussion.

Administrator

12 September, 2024

Prime Minister Pham Minh Chinh: Exploring the Expansion of Resource Mobilization Mechanisms for Development – Photo: VGP/Nhat Bac

Following the Prime Minister’s directive on responding to floods, rescuing and rescuing, overcoming natural disasters, and ensuring the lives of people affected by natural disasters, the meeting discussed and commented on two contents: The Law on Amending and Supplementing a Number of Articles of the Law on State Budget, Law on Management and Use of Public Property, Law on National Reserves, Law on Accounting, Law on Independent Audit, Securities Law, Law on Tax Administration; proposing to build the Law on Issuing Legal Documents (amended).

For the draft law, delegates commented on the dossier, procedure and procedure for submission, principles, and requirements for law building, and the contents of the draft law.

For the proposal to build the law, delegates commented on the dossier, procedure, and procedure for the proposal to build, the necessity to build the law, principles, and requirements for law building, and the proposed policies.

Along with commenting on each of the above issues, Prime Minister Pham Minh Chinh also emphasized a number of principles and requirements in the construction of the draft laws and the proposal to build laws.

Regarding the Law on Amending and Supplementing a Number of Articles of the Law on State Budget, the Law on Management and Use of Public Property, the Law on National Reserves, the Law on Accounting, the Law on Independent Audit, the Securities Law, and the Law on Tax Administration, the Prime Minister highly appreciated the sense of responsibility of the Ministry of Finance – the agency in charge of drafting the law.

Deputy Prime Minister Ho Duc Phoc speaks at the meeting – Photo: VGP/Nhat Bac

The Prime Minister requested that the Ministry of Finance fully absorb relevant opinions; continue to coordinate with relevant agencies and units to review and perfect the content of the draft law, and report to the Government at the September 2024 Law Building Thematic Meeting.

The Prime Minister emphasized the principles and requirements in the construction of this draft law: Ensure the investment and business rights of citizens; remove maximum obstacles and inconsistencies in reality; expand the mechanism for mobilizing resources from the community, people, and businesses for development, taking public investment to lead and activate private investment; promote decentralization and decentralization along with resource allocation, improve implementation capacity, clearly define the responsibilities of individuals and collectives, and design tools to strengthen inspection and supervision; promote the application of digital transformation, cut administrative procedures, red tape, and begging in managing budget revenue and expenditure, flexible and effective management of the budget, especially between the central and local budgets; prevent corruption, negativity, and waste; payment vouchers must be managed but relaxed…

Regarding the proposal to build the Law on Issuing Legal Documents (amended), the Prime Minister highly appreciated the Ministry of Justice for presiding and coordinating with ministries and relevant agencies to prepare the proposal.

The Prime Minister emphasized the requirement to strengthen the leadership of the Party in law-building work; the view of renewing thinking in law-building, promptly and flexibly responding to rapid changes and urgent requirements in practice; depending on the object and scope of adjustment to build framework or detailed regulations in the law to both manage activities in society, while creating a space to promote and encourage innovation; innovate the law-making process towards more flexibility, study to shorten the time; decentralize and decentralize more; have mechanisms and policies suitable for the team of legal builders; principles of application of legal documents when there are contradictory documents…

According to the Prime Minister, what is ripe and clear, what is proven to be effective by reality, what is done effectively, and what the majority agrees with, continue to do so and legalize it; what is new, immature, unclear, and unregulated, dare to pilot, do and gradually gain experience, expand, not perfectionist, not hasty.

The Prime Minister assigned the Ministry of Justice to absorb the conclusions of the Government’s Standing Committee, the opinions of the participating agencies at the meeting and the opinions of the Government members, and quickly coordinate with the ministries and relevant agencies to research and perfect the Proposal to build the Law, submitting it to the Government at the September 2024 Law-themed Meeting.

Nhat Quang