Parliament discussed the Public Investment Bill: Focus economic zone planning

​Representatives have commented on the concept of the bill; criteria for classification of investment projects and adjust the classification of investment projects; decentralized investment policy decisions, investment decisions for programs and projects; the content of openly transparency and monitoring of community in public investment.

National Assembly delegates Mr. Truong Van Vo (Dong Nai delegation) said that the adoption of the Law on Public Investment, we must create institutional breakthrough, investment restructuring, restructuring the economy to synchronize with other law system. Besides, it is necessary to clearly define the competence associated with individual responsibilities of agencies and units from central to local effectively to overcome these weaknesses, limitations. State management of public investment from the investment policy and investment preparation to resource allocation avoid investment spread, wasteful and inefficient.

Accordingly, should clarify the concept of public investment efficiency, it is important to assess the basis for determining the responsibilities of organizations and individuals involved in public investment. The effectiveness of public investment must be determined in relation to the overall impact of economic, social and environment. In public investment management, must clearly define the elements of economic planning is base important to decide the concerning matters of public investment. 

In the bill, it should show coherence, consistency between authority and individual responsibility of the head of the agency, central ministries (between Chapter 2 and Chapter 5) to handle violations of the policy when decide the wrong investment, balancing capital, causing losses and waste. Sanctions should be personal responsibility concerning design consultancy, evaluation and approval of programs and public investment projects.

Terms of enforcement provisions in the bill need to refer other specific legislation as Law on practical savings against waste, Anti-Corruption Law ... to create uniformity, unity and consistency in order to regulate effectively acts related to investment activities.

Previously, on May 23, Dong Nai province delegates conducted the discussion with delegates of Long An province and Phu Tho province to evaluate the results of implementation of the Social- Economic Development Plan in 2013 and implementing the Social- Economic Development Plan in 2014

In the discussion, participants agreed that, in the context of tensions between Vietnam and China now, delegates recommended the Government should add a set of solutions for the implementation of the socio-economic plan as a backup plan to apply in conditions that China pressures economic powers to Vietnam. Deputies said that in recent time we have not paid enough attention to fishermen groups, we need proper investment, and create conditions for them to produce higher productivity, enhancing competitiveness, especially in the context of Vietnam - China at present, that group need to be concerned more.

According to Tran Van Tu, Head of the Dong Nai Province delegation, in the Government's report on performance assessment of socio-economic need a clear assessment of the difficulties peculiar to each region, district, sector so that there are groups of solutions and comprehensive development of socio-economic. Delegates emphasized to improvise solutions to the volatility of the socio-economic environment is required to achieve a temporary solution but in the long term effectiveness consistent with the general development of the country direction, avoiding more expenses but not radical and unstable effective as the last time we encountered, especially in the agricultural sector.