Report on phase one of the Long Thanh international airport receives go-ahead from legislature as the investment is equivalent to the costs of similar airports worldwide.
The government does not need approval to select an investor for the Long Thanh Airport mega-project in the southern province of Dong Nai, according to the National Assembly (NA) Standing Committee.
On November 27, explaining the opinions on the revised construction law project, Minister of Construction Pham Hong Ha said that it would adjust and supplement the Law project on the basis of acquisition.
Along with amending and removing regulations, numerous sectors were added to receive incentives under the latest draft Law on Investment in order to ensure that new capital inflows match the new-generation FDI strategy.
Draft revisions to the Law on Investment and Law on Enterprises were presented to the National Assembly in the morning of November 15, the 20th working day of the NA’s 8th session.
Lawmakers have expressed concern about the Airports Corporation of Vietnam’s financial wherewithal to go through with the mega Long Thanh International Airport project.
The National Assembly’s Foreign Affairs Committee has pointed out the main obstacles to investment by foreign investors in Vietnam and the Government’s management of foreign-invested firms.
All fields, except for security and national defense, must be open for investment, said Prime Minister Nguyen Xuan Phuc.
The Ministry of Planning and Investment said in a report sent to the National Assembly (NA) that the capital revision for five metro line projects is being handled cautiously.
If a state-owned airport operator is appointed to build the Long Thanh International Airport project, Vietnam’s largest airport, it could pose a high risk by adding $2.63 billion to the country’s public debt.
The National Assembly (NA) Standing Committee has expressed concern over regulations in the draft revised Securities Law allowing local real estate companies to issue bonds on the international market.
National Assembly has just announced the Resolution 82, which requires the Government to strictly handle violations in which foreigners used Vietnamese’s identity to sign in illegal home sales and purchase contract.
The Standing Committee of the National Assembly issued Resolution No. 751/2019 / UBTVQH14 dated August 16, 2019 explaining some articles of the Planning Law, effective from the date of signing.
Kien Giang province has written to the Prime Minister proposing the suspension of a major plan to establish a special administrative and economic zone on Phu Quoc Island off the province until the National Assembly (NA) passes the law on special administrative and economic zones.
The construction of a temple dedicated to Hung Kings was commenced in Binh Thuy district, Can Tho city on the morning of June 18 in the presence of National Assembly Chairwoman Nguyen Thi Kim Ngan.