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NA reaches agreement over 2014 State budget allocation

Update: November, 16/2013 - 09:29
The 2014 budget is estimated to amount to VND782.7 trillion (US$37.27 billion).— Photo vietstock
HA NOI (VNS) — Lawmakers have adopted a resolution on 2014 State budget allocation after the proposal won 87.75 per cent of votes at the November 15 morning sitting.

The 2014 budget is estimated to amount to VND782.7 trillion (US$37.27 billion).

According to the resolution, over VND495.19 trillion ($23.57 billion) of the approved State budget's estimated total will be allocated for the central budget and VND287.5 trillion ($13.69 billion) will go to the local budget.

The total central budget expenditure will be more than VND719 trillion ($34.24 billion).

In the same sitting, deputies considered personnel on the NA's Standing Committee, Council for Ethnic Minority Affairs and other committees.

Among other motions, they approved increasing the number of Vice Chairpersons on the Council of Ethnic Minority Affairs with 80.52 per cent voting in favour.

After hearing Chairman Nguyen Sinh Hung present a list of nominees to be added to the NA bodies, the deputies then discussed their merits.

Law makers discussed

In the afternoon, most lawmakers agreed to issue a Law on Immigration, Migration and Residence of Foreigners in Viet Nam to improve conditions for foreigners and ensure public security.

Deputies Pham Binh Minh, Vu Chi Thuc and Le Minh Hien agreed that Viet Nam should offer only commonly used visa types such as diplomatic visas and working visas.

Deputy Minh and others proposed that the Law Compiling Committee extend legal residence over 12 months to create incentives for foreign investors to invest in the country.

Deputy Minh and deputy Vu Chi Thuc said that since many foreign visitors entered Viet Nam by land or sea, visa exemptions should also be given for these forms of transit.

Lawmakers also asked the Law Compiling Committee to supplement regulations on building a national database for local authorised agencies to manage the immigration, migration and residence of foreigners in Viet Nam.

They also asked the NA to authorise Vietnamese representative agencies abroad to issue visas for foreigners, especially entrepreneurs and investors seeking to invest in Viet Nam.

Finally, they came to a consensus to enact a draft law to revise and amend some articles of the Law on Inland Waterway Transport. — VNS

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