Law to be drafted to address shortcomings of finance-related legislation
Prime Minister Pham Minh Chinh chaired a meeting between permanent Government members and representatives of ministries and sectors on August 16 to discuss the building of a draft law to amend some contents of finance- and budget-related laws.
PM Pham Minh Chinh speaks at the meeting between permanent Government members and representatives of ministries and sectors on August 16. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh chaired a meeting between permanent Government members and representatives of ministries and sectors on August 16 to discuss the building of a draft law to amend some contents of finance- and budget-related laws.
Officials listened to the proposals on building the draft law amending some articles of the Law on State Budget, the Law on Management and Use of Public Assets, the Law on National Archives, the Law on Accounting, the Law on Independent Audit, the Law on Securities, and the Law on Tax Administration.
They looked into the necessity for building this law, the process and procedures, along with the policies to be stipulated in the draft.
PM Chinh, who is also head of the steering committee for reviewing and resolving problems in the system of legal documents, underscored that institutional building and perfection form one of the three strategic breakthroughs targeted by the Party and State.
Agreeing on the need to build a law for amending and supplementing the seven finance-related laws in order to remove legal obstacles, he asked for overhauling the fundamental and urgent contents that serve macro-economic stablisation, inflation control and growth promotion, along with ensuring major balances of the economy.
Aside from enhancing state management via policies, processes, standards, and examination and supervision tools, the new law must also facilitate the enhancement of administrative procedure reform, the eradication of the “ask - give” mechanism, the reduction of bureaucracy for people and enterprises, and the prevention of conditions for corruption and negative phenomena.
Besides, it must enable hurdles to production and business activities to be removed, the decentralisation of power and the allocation of resources boosted, and every resource mobilised for development, thereby helping to reach the goals set by the 13th National Party Congress, the Government leader went on.
PM Chinh requested leaders of ministries and sectors continue to make thorough consideration and give opinions.
𝄹 He assigned the Ministry of Finance to finalise the law building proposal so that the Government can submit it to the 15th National Assembly (NA) at its 8th session this October. It also needs to coordinate closely with NA agencies during the drafting process./.
The National Assembly (NA) Standing Committee wrapped up the three-day thematic session on law building in preparation for the coming 8th session of the 15th legislature on August 14.
Prime Minister Pham Minh Chinh on August 14 stressed law building as a key task for ministries and agencies this month, urging great efforts to complete the draft laws that are slated to be submitted to the National Assembly for consideration and approval at its eighth meeting, scheduled for October.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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