Promoting social supervision in practicing thrift and combating wastefulness

On the morning of November 27, continuing the working programme of the 10th Session of the 15th National Assembly, under the chairmanship of National Assembly Chairman Tran Thanh Man and direction of National Assembly Vice Chairman Nguyen Duc Hai, National Assembly deputies discussed in the hall the draft Law on Thrift and Combating Wastefulness (amended).

National Assembly Chairman Tran Thanh Man and Vice Chairpersons of the National Assembly chair and direct the meeting. (Photo: DANG ANH)
National Assembly Chairman Tran Thanh Man and Vice Chairpersons of the National Assembly chair and direct the meeting. (Photo: DANG ANH)

Many enthusiastic opinions were raised, in which ensuring the right of social supervision is considered a key point for the law to effectively enter into practice. After nearly 15 years of implementing the Law on Practicing Thrift and Combating Wastefulness, the country has achieved certain results in raising awareness of thrift and combating waste in the state apparatus and the whole society. However, practice showed that there are still many limitations, especially the lack of clarity in regulations, lack of transparency in publicity and ineffectiveness in supervision.

According to many delegates, the promulgation of the Law is a necessary step to strengthen discipline in the management and use of national resources. The prerequisite is to put the right of social supervision in the central position, only when people have access to public and transparent information and have a mechanism to participate in supervision, will saving and fighting waste truly become a way of life, a culture in the apparatus and the whole society.

In the morning of the same day, in the hall, discussing the draft Investment Law (amended); the majority of opinions said that amending the law will institutionalize the right to freedom of investment, create a transparent and open environment but with strategic selection, and link incentives with innovation.

Regarding the special investment procedures in Article 29, delegate Ha Sy Dong (Quang Tri delegation) commented that this is a breakthrough, but emphasized that “special mechanisms must have special criteria” to avoid abuse. The delegate proposed to add conditions that only apply to national priority technology projects such as semiconductors, artificial intelligence (AI) data centres, renewable energy, with a capital scale of at least 50 million USD or more.

In addition, delegates discussed the implementation of investment activities of economic organisations with foreign investment capital; projects subject to investment policy approval; authority to approve investment policies; projects subject to issuance of Investment Registration Certificates; authority to issue, adjust and revoke Investment Registration Certificates; special investment procedures; principles of investment project implementation; duration of operation, implementation progress of investment projects; transfer of investment projects...

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