In the morning, N.A. deputies discussed the draft law on amendments and supplements to a number of articles of seven laws, including the Law on Securities, the Law on Accounting, the Law on Independent Audit, the Law on State Budget, the Law on Management and Use of Public Assets, the Law on Tax Administration and the Law on National Reserves.
Deputy Prime Minister and Minister of Finance Ho Duc Phoc clarified issues raised by N.A. deputies.
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At the 15th National Assembly (N.A.)’s ongoing 8th session |
Recent socio-economic changes have caused difficulties and obstacles to the implementation of legal documents on finance. In that context, the Government and the Ministry of Finance have urgently reviewed, summarized and assessed the implementation of laws in the field of finance and budget and found that the seven laws need to be amended and supplemented.
According to Phoc, on October 18, the Government proposed shortened procedures to the N.A. for the draft law that amends and supplements a number of articles of the finance-related seven laws.
Le Quang Manh, Chairman of the N.A.’s Committee for Finance and Budget, said that his committee, the Economic Committee and other N.A. agencies agreed on the necessity to amend and supplement the draft laws to remove difficulties and institutional obstacles in the fields of finance and budget, thus improving the investment and business environment, attracting state and non-state resources to promote the country's socio-economic development.
In the afternoon, the N.A. discussed the draft Law on Electricity (amended).
The 2004 Law on Electricity has been amended and supplemented four times in 2012; 2018; 2022 and 2023 with the latest version took effect in July this year. However, after nearly 20 years of implementation, there are still some issues that the provisions of the law have not met, and it is necessary to amend and supplement them to fully institutionalize the Party's policies and guidelines in the Politburo's Resolution No.55-NQ/TW dated February 11, 2020 on the orientation of Vietnam's national energy development strategy to 2030, with a vision to 2045 as well as other resolutions and legal systems.
Source: VNA