The draft Law has been hailed by ministries, sectors, localities, international organizations, and foreign donors, particularly in terms of fundamentally addressing existing issues, limitations, and bottlenecks arising in the implementation of the 2019 Law on Public Investment, he said.

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Minister of Planning and Investment Nguyen Chi Dung 

The regulations on decentralization and delegation of authority ensure clarity in roles, tasks, and responsibilities, making it easier to monitor, supervise, and evaluate the work, meeting the requirements for managing and using public investment resources to implement the three strategic breakthroughs, particularly in infrastructure development, he noted.

According to the minister, the major policy groups specified include institutionalizing mechanisms and pilot and specific policies that have been authorized by the N.A.; promoting decentralization and delegation of authority; improving the quality of investment preparation, resource and ability mobilization to implement public investment projects of localities and State-owned enterprises; promoting the implementation and disbursement of official development assistance (ODA) funding and concessional loans from foreign donors (foreign capital); and simplifying procedures, and adding and clarifying concepts, terms, and regulations to ensure the consistency and coherence of the legal system.

Source: VNA