Opening of the 29th Session of the National Assembly Standing Committee

Chairing and delivering the opening speech, National Assembly Chairman Vuong Dinh Hue stated that this is the first regular meeting of the National Assembly Standing Committee in 2024 with the main content being to give opinions on preparations for the 5th extraordinary session of the National Assembly, scheduled to open on January 15.

The National Assembly Chairman said that within 1.5 working days, the National Assembly Standing Committee will review and give opinions on a number of contents.

Referring to the draft Land Law (amended), the National Assembly Chairman emphasized that this is a very important Law project, with profound impacts on all aspects of the economy - society, all classes of people, the business community, both in the short and long term. The drafting agency and the reviewing agency have prepared very carefully and elaborately, sought opinions from experts and scientists in many rounds, many times, and organized to collect opinions from the public with more than 12 million opinions participating.

Previously, the 15th National Assembly gave opinions at 3 sessions, the National Assembly Standing Committee held 5 official meetings, gave opinions, and announced conclusions in writing. Up to now, the draft Law has been basically completed, institutionalized, and covered the spirit of Resolution No. 18-NQ/TW of the 5th Conference of the Party Central Committee on continuing to innovate and perfect institutions and policies, improving the effectiveness and efficiency of land management and use, creating momentum to turn our country into a developed country with high income; closely following the spirit of the Constitution, the Party Platform and the current legal system. The draft Law should have been considered and passed at the 6th Session, but due to some issues with different opinions and in order to prepare more thoroughly, the National Assembly Standing Committee agreed with the Government to submit to the National Assembly an adjustment of time for consideration at the upcoming 5th Extraordinary Session.

With the documents prepared so far, the National Assembly Chairman requested the National Assembly Standing Committee to focus on giving opinions on the following issues: Land recovery for commercial housing projects, mixed commercial housing and service projects; Land valuation methods, authority and responsibility for selecting land valuation methods; Land fund creation projects, land development funds, and conversion of land use purposes.

Regarding the draft Law on Credit Institutions (amended), the National Assembly Chairman emphasized that this is an important law project, highly specialized, with a profound impact on many subjects, directly related to the security and safety of the national financial and monetary system. The National Assembly has commented twice, the National Assembly Standing Committee and the National Assembly leaders have also commented many times, and given specific instructions through many meetings.

To ensure that the draft Law is passed with the best quality, consistent with the legal system, and meets the practical requirements of restructuring the credit and banking system in the coming time, the National Assembly Chairman requested the National Assembly Standing Committee to focus on analyzing and giving opinions to further improve a number of issues on early intervention and special control.

In addition, it is necessary to review some contents such as: resolving cross-ownership, transitional regulations, handling bad debts and secured assets... before submitting to the National Assembly for consideration and approval.

At this session, the National Assembly Standing Committee gave opinions on the draft Resolution on a number of specific mechanisms and policies to remove difficulties and obstacles, speed up the implementation of National Target Programs; and considered the interpretation of the provisions in Clause 1, Article 6 of the Law on Public Investment.

The National Assembly Standing Committee considers financial and budgetary issues, including: Supplementing the Medium-Term Public Investment Plan of the central budget for the 2021-2025 period from the general reserve fund corresponding to the source of increased revenue and savings from the central budget in 2022 for public investment tasks and projects, and supplementing the Medium-Term Public Investment Plan for Vietnam Electricity Group from the reserve fund of the Medium-Term Public Investment Plan.

The National Assembly Standing Committee will give opinions on preparations for the 5th Extraordinary Session of the 15th National Assembly and consider personnel work under its authority.

Emphasizing that the meeting time is not long and there are many difficult contents, the National Assembly Chairman requested that the National Assembly Standing Committee focus on research and give opinions so that the first meeting of the year has the highest quality.