Vietnam parliament passes 72 bills in past five years
Laws have helped speed up the country’s development toward sustainable growth.
Laws have helped speed up the country’s development toward sustainable growth.
National Assembly (NA)’s deputies are set to vote for key positions in state agencies in the final session of its 14th tenure (2020-25) on April 5.
The Vietnam National Assembly agenda will cover a number of issues, typically candidate structure for the 2021-26 term.
State budget allocation would continue to be prioritized for the Covid-19 fight, recovery efforts in the wake of natural disasters, social welfare, national security and foreign affairs.
A shortfall of 25% compared to the initial financial plan would trigger the risk-sharing mechanism in public-private partnership (PPP) projects.
Household businesses not required to formalize into enterprises, and a new definition of state-owned enterprises are among the notable changes to the new law.
Following the ratification, the EVFTA would enter into force 30 days after the mutual notification between Vietnam and the EU about the completion of respective legal procedures.
The month-long session will include an online meeting and gathering at the National Assembly Headquarters in Hanoi.
The National Assembly agreed on allocating VND115.4 trillion (US$4.97 billion) for debt payment and VND220 trillion (US$9.47 billion) for development investment.