Revising Laws to Remove Difficulties in Investment and Business

9:37:10 AM | 8/20/2021

The Government and the Prime Minister are determined to resolve long-lasting institutional bottlenecks and obstacles to create new motivation and unlock new resources for development, especially amid the complicated development of the COVID-19 pandemic, Prime Minister Pham Minh Chinh said at the new cabinet meeting on law-making.

At the meeting, Government members spent a lot of time discussing proposals on building a law that revises and supplements other laws to remove difficulties in investment and business in the context of the COVID-19 pandemic contagion. The proposals were presented by Justice Minister Le Thanh Long.

Prime Minister Pham Minh Chinh welcomed agencies, especially the Ministry of Justice and the Ministry of Planning and Investment, expeditiously taking action to remove difficulties and obstacles. Delegates basically agreed on the proposed lawmaking. Regarding the Law on Pharmacy and health, Resolution 30 of the National Assembly and Resolution 86 of the Government on urgent measures to prevent COVID-19 basically resolved legal setbacks. Other contents that need fundamental amendments must comply with the Law on Promulgation of Legal Documents.

The Prime Minister suggested agencies continue to review very carefully, based on given principles, with the first being the Resolution of the 13th National Party Congress that advocates one new law that amends many existing laws according to the Resolution of the National Assembly, the legislative body.

Secondly, delegates also agreed to legalize and enforce matters of business concerns that have been proven right in practice. For matters that have been defined in legal regulations or practical matters that need more time to be tested and consented to, they should be tested to draw experience and scale up the scope of application. The third principle is maximum decentralization and increased administration of formulating strategies, plans, mechanisms, policies, institutions and designing tools to intensify supervision and inspection. Ministries will not take over more work, not bring more work to central authorities. It is necessary to adhere to the principle of "what you know, you can manage, what you don't know, you should not manage." What subordinates can do better, they should be authorized to do it. What society and people do better, they are allowed to do, except for matters of security, defense and national sovereignty.

Another principle is to carry out the most necessary and urgent matters that have lasted for years to create motivation and unlock new resources for development, especially in the context of complicated COVID-19 pandemic development.

With the contents agreed at the meeting, the Prime Minister assigned the Minister of Justice to represent the Government to sign the report, submitted to the National Assembly, on this lawmaking proposal. The Prime Minister requested ministers and heads of ministry-level agencies to directly handle matters within their jurisdiction and actively coordinate with the Ministry of Justice for selection and synthesis. He also noted that solving all bottlenecks at once is unlikely and it is thus necessary to study and handle more in the coming time.

Source: Vietnam Business Forum