N.A. Vice Chairman Nguyen Duc Hai, who chaired the discussion, asked members to concentrate on the necessity and legal basis for the amendments, compliance with the Party’s guidelines on law-making reform, and measures to prevent corruption and wastefulness in the legislative process.
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N.A. Chairman Tran Thanh Man speaks at the event. |
The committee also considered whether the draft law meets the requirements of price management in the current context and if it is ready for submission to the 15th N.A.’s 10th session for approval.
According to a verification report presented by the N.A. Committee for Economic and Financial Affairs, most opinions agreed that revising the Law on Prices is necessary to align with the current administrative apparatus, promote decentralization, and ensure consistency across the legal system.
The committee supported the Government’s proposal to include the draft in the 2025 legislative program for review and approval under a fast-track procedure.
The draft law removes the provisions on specialized price inspection to ensure consistency with the Law on Inspection 2025, which transfers the function of price-related inspections from the Ministry of Finance to the Government Inspectorate.
However, Chairman of the N.A. Committee for Legal and Judicial Affairs Hoang Thanh Tung noted that eliminating all provisions on specialized price inspection could create legal gaps, suggesting instead that the law replace the term “specialized price inspection” with “inspection in the field of pricing” to maintain a clear legal basis for enforcement.
N.A. Chairman Tran Thanh Man emphasized that the amendments are intended to align with the new two-tier administration model and to address issues arising after a year of implementation since its adoption in June 2024.
He emphasized that revisions should focus on enhancing the socialist-oriented market mechanism, strengthening State management of prices and valuations, protecting consumer rights, and ensuring price stability.
The draft should also specify responsibilities for price stabilization at the commune level, clarify conditions for price appraisal firms, and update the list of goods subject to state pricing.
Chairman Man also called for ensuring consistency with existing laws, reducing administrative procedures to facilitate business operations, promoting technological applications in local-level management, and strengthening supervision and sanctions for violations in price control.
At the same meeting, the N.A. Standing Committee also discussed the draft law amending the Law on Statistics and considered the handling of land lease arrears owed by public service units.
Source: VNA