MPI proposes amending 3 laws bóng đá bet88 promote ODA projects

Many existing legal regulations are contradictory and inconsistent and pose difficulties in ODA project implementation, according bóng đá bet88 Deputy Minister of Planning and Investment Tran Duy Dong.

Amending these laws immediately has become a pressing requirement, he added, bóng đá bet88 create the conditions necessary for investment, production, and business activities, especially in the context of Covid-19 having such a heavy impact on the economy.

Although the disbursement of foreign capital increased slightly in August compared bóng đá bet88 July, the Ministry of Planning and Investment (MPI) still considers it bóng đá bet88 be slow, and has suggested a review of existing regulations on investment projects using ODA capital.

From this, it proposed amending and supplementing three laws.

Firstly, amending Article 25 of the Law on Public Investment towards the decentralization of the authority bóng đá bet88 decide on investment policies from the Prime Minister bóng đá bet88 heads of managing agencies of projects in Group B and C projects using ODA loans, concessional loans, and non-refundable ODA capital. Group B and C projects are of small scale and are mainly managed by local authorities and often need bóng đá bet88 adjust investment policies during the implementation process, such as extending the implementation time.

Secondly, in order bóng đá bet88 synchronize with this proposed amendment, it also proposes amending the Law on Public-Private Partnership towards the Prime Minister deciding on the investment cycle for projects with total investment equivalent bóng đá bet88 Group A projects (which are large-scale, inter-sectoral, inter-regional projects, often with a high on-lending rate) in accordance with the Law on Public Investment and using ODA loans and concessional loans from foreign sponsors. For Group B and C projects, the authority bóng đá bet88 decide on investment policies should be decentralized bóng đá bet88 ministers, heads of central agencies, and other agencies, and provincial-level People’s Councils.

Thirdly, in order bóng đá bet88 promote ODA disbursement, MPI recommends amending and supplementing regulations on contractor selection for programs and projects funded by ODA and concessional loans. According bóng đá bet88 the current provisions of the Bidding Law, the approval of the contractor selection plan and documents usually takes at least 4-6 months, but, in fact, the time for planning and preparing documents can take years. Most of these projects may need extensions and greatly affect investment efficiency, not bóng đá bet88 mention that the Vietnamese party may be subject bóng đá bet88 certain fees. MPI therefore proposes bóng đá bet88 amend Article 34 of the Bidding Law.