Monday, September 25 2017

VietNamNews

NA Standing Committee gave directions on the draft Law on Special Economic Zone

Update: September, 12/2017 - 10:03
The National Assembly Standing Committee opened their 14th session yesterday, with discussion centred on the draft Law on Special Administrative-Economic Units, which will be submitted to the National Assembly (NA) in October. — VNA/VNS Photo Trọng Đức

HÀ NỘI — The National Assembly Standing Committee opened their 14th session yesterday, with discussion centred on the draft Law on Special Administrative-Economic Units, which will be submitted to the National Assembly (NA) in October.

NA Vice Chairman Uông Chu Lưu stressed that the law will cover all three of the country’s special administrative-economic zones– Vân Đồn (Quảng Ninh Province), Bắc Vân Phong (Khánh Hoà Province) and Phú Quốc (Kiên Giang Province).

The Minister of Planning and Investment Nguyễn Chí Dũng said the goal of the draft is to create a legal framework for the establishment, development and management of the zones.

The governments of these three zones, according to the draft, will be established differently than other local governments, consisting of people’s committees and people’s councils.

The head of the economic zone will have the authority to govern all economic and administrative activities within their jurisdiction. The heads will be appointed by the Prime Minister, and still will carry out duties tasked by the Government, ministries, and ministry-level agencies.

The move comes as the Government wants to showcases the “difference and uniqueness” of special economic zones.

However, a second proposal suggested that the chief of the special zone should be a “representative of the provincial government in the special economic-administrative zone.”

NA Vice Chairman Lưu suggested that both of these two approaches (out of three options) should be debated by the NA in the near future.

Lưu also asked for further research to craft separate policies for each special economic zone to suit their conditions.

On the application of foreign laws in contracts with foreign parties, most NA Standing Committee members approved of an article in the draft which allows investors to decide with the organisation or individual headquartered or residing in the special zone on whether another country’s law would be followed.

The committee called for more clarity on the roles of other State agencies – including army, police, tax, customs, and insurance agencies – with the draft law not their sole reference point, as other existing national laws will also be followed. 

“It is important to assess the impact on the local population as they are at risk of losing their land and at risk of being caught up with social evils when we choose to legalise casinos,” Nguyễn Thuý Anh, Chairman of the NA Social Affairs Committee, said.

Võ Trọng Việt, Chairman of the NA National Defence and Security Committee, opined that the organisation of administrative agencies in the special zones must be “tight in terms of national defence and security, but open in terms of trade.”

The NA Standing Committee urged the necessity of the Law on Special Economic-Administrative Zone to institutionalise the Party’s plans for the country’s development. — VNS

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