During the morning, under the chair of NA Chairwoman Nguyen Thi Kim Ngan, the delegates were presented with a report, delivered by Vu Hong Thanh, Chairman of the NA Economic Committee, on reviewing the draft Law on Planning.
The report suggests a list of 32 current laws to be amended, of which only four need a complete overhaul, with the remaining laws requiring small changes.
Deputy Tran Thi Dung from Dien Bien province said that there were not only 32 laws that need to be amended, but also an additional 50 draft laws and ordinances on planning need to be amended in order to ensure the consistency of planning regulations.
Meanwhile, deputy To Van Tam of Kon Tum province said the draft law needs to ensure it has tight principles to avoid the influence of interest groups on planning.
Deputy Nguyen Bac Viet from Ninh Than province suggested that the draft law’s objectives should facilitate national socio-economic development while complying with relevant laws and regulations, as well as international treaties of which Vietnam is a member.
In the evening, deputies held group discussions on the draft resolution on fixing the bad debts of credit institutions and the draft amended Law on Credit Institutions.
The draft resolution comprises 18 articles regarding the rights of legal lenders, the development of debt markets, the settlement of guaranteed assets and other topics.
The deputies agreed with the draft resolution, which is designed to remove obstacles in handling bad debts, open up the banking system’s capital flow and facilitate businesses’ access to capital, reduce the rate of interest on lending and build a system of financially healthy credit institutions.
Regarding the draft amended Law on Credit Institutions, they agreed that it is necessary to finalise regulations on restructuring credit institutions and resolving bad debts, which in turn will help to protect the interests of depositors and ensure the safety and stability of the banking system.
