In the afternoon of May 10, while addressing the opening of the 45th session of the National Assembly Standing Committee, Chairman of the National Assembly Tran Thanh Man recapped the key contents of the first week of the 9th session.
The most important item on the agenda, and one carrying special political and legal significance, was the National Assembly’s resolution to adopt two amendments to the 2013 Constitution. These amendments further the initiative to streamline the organization of the political system and establish a committee for drafting amendments to the 2013 Constitution.
Chairman of the National Assembly Tran Thanh Man at the National Assembly Standing Committee session. Photo: QH
“The two resolutions were passed with a 100% approval rate from attending delegates, reflecting the strong political will and unity of the National Assembly in its determination to build and perfect the socialist law-governed state of Vietnam,” expressed the National Assembly Chairman.
As scheduled, the 45th session will be conducted in two parts. The first, on the afternoon of May 10, will involve the National Assembly Standing Committee providing feedback on two items to be submitted to the National Assembly, including a resolution on several mechanisms and policies to create breakthroughs in law-making and law enforcement, and the Criminal Code.
The second part of the session will take place on the afternoon of May 17, offering feedback on three items to be submitted to the National Assembly on May 19. These include:
– The investment policy for the Quy Nhon-Pleiku expressway construction project.
– The investment policy for the construction of Ho Chi Minh City’s Ring Road 4 and the arrangement of funds to repay debts under the responsibility of the Government at the Vietnam Shipbuilding Industry Corporation (SBIC)
– A resolution within the jurisdiction of the National Assembly Standing Committee on recognizing the time of compulsory social insurance participation for business households who had participated before the Law on Social Insurance No. 41 took effect
Other items to be submitted to the National Assembly during this session include: The Law on Amending and Supplementing a Number of Articles of Laws in the Field of National Defense (to be submitted to the National Assembly on June 11); a resolution on mechanisms and policies to promote the development of the private economy (to be submitted on June 12); a resolution on piloting several special mechanisms and policies for investing in and developing the railway system (to be submitted on June 12); and a proposal for the merger of administrative units at the provincial level (to be submitted on June 11)
The National Assembly leadership requested that the National Assembly Standing Committee continue to demonstrate a strong sense of responsibility, clearly stating their views and speaking frankly on the issues presented for consultation. They also suggested specific adjustments and additions to serve as a basis for agencies to seriously, fully, and thoughtfully refine and complete their reports to the National Assembly.
“Unleashing Private Sector Growth: A Call for Swift Legislative Action”
“On the afternoon of May 7th, with a sense of urgency to implement Resolution 68 of the Politburo on private sector development, Prime Minister Pham Minh Chinh chaired a meeting of the Government’s Standing Committee on drafting a resolution of the National Assembly on special mechanisms and policies for private sector development. This pivotal gathering underscores the government’s commitment to fostering a thriving and vibrant private economy, recognizing its vital role in driving Vietnam’s economic growth and prosperity.”
Unemployed and Unstoppable: Navigating Unemployment Benefits with Confidence.
The proposed amendments to the Employment Law have removed a provision that denied unemployment insurance benefits to employees who were fired or forced to resign due to disciplinary action.
“Revolutionizing Social Housing Investments: Slashing Processing Times by 70%”
The government has proposed a 70% reduction in processing time for social housing projects, expediting project development and answering the long-awaited calls of both businesses and citizens.
The Fine Print: 11 Land Use and Rental Fee Waiver Policies Explained
The government seeks feedback from the National Assembly’s Standing Committee on additional cases for land use fee and land rental exemptions and reductions as per the 2024 Land Law.
A Proposal to Adjust Excise Tax Rates for Select Products and Commodities
The proposed revisions to the Special Consumption Tax Law offer a nuanced approach to taxation. Alongside exempting smaller air conditioners from special consumption tax, the draft law addresses nuanced scenarios, such as exported goods that have already incurred special consumption tax being returned from abroad. Additionally, it proposes adjustments to tax rates for pick-up trucks and a revised plan for implementing tax rates on alcoholic beverages from 2027 onwards.
