Ministry to simplify infrastructure investment

Published: 16/05/2009 05:00

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Vietnam should amend and supplement its laws to simplify basic construction investment, officials heard on April 16 at a session of the National Assembly (NA) Standing Committee.

Vo Hong Phuc, minister of Investment and Planning, said the amendments “are expected to improve the investment environment and socioeconomic development.”

Phuc presented the ministry’s plan to modify and supplement eight laws and one decree that deal with investment in infrastructure projects.

But the Economics Committee of the National Assembly said there should be a focus on changing only those articles that require administrative documents, especially in the preparatory stage of an investment.

A report by the committee showed that complex and redundant procedures required in the investment process have slowed down many state-funded infrastructure projects.

Chairman of the NA Budget and Finance Committee Phung Quoc Hien and his Legislative Committee counterpart Nguyen Van Thuan suggested focusing only on changes to laws regarding construction, bidding, the environment, and fire fighting.

The planned amendments to the Bidding Law simplify the process and specify the power of the investors.

But Hien said the changes do not specify the responsibilities the investors have to bear.

“It will be difficult to penalize them when they violate the law then,” Hien said.

The amendments also propose that officials should investigate the environmental impact and fire-safety of infrastructure projects regularly after completion.

Hien said a personnel shortage in the field, however, may lead the new policy to fail.

Currently, officials only check projects while they are under construction.

Reported by Xuan Toan

Provide by Vietnam Travel

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