Politics

NA passes resolution on specific policies for development of four localities

Lawmakers on October 22 agreed to promulgate a Resolution of the National Assembly (NA) on piloting a number of specific mechanisms and policies for the development of Hai Phong city and Nghe An, Thanh Hoa and Thua Thien-Hue provinces, welcoming breakthrough decisions to create new growth poles for the country and have specific mechanisms and policies to promote not only local but also regional development.
NA passes resolution on specific policies for development of four localities ảnh 1An overview of the October 22 sitting. (Photo: VNA)
Hanoi (VNA) - Lawmakers on October 22 agreed to promulgate aResolution of the National Assembly (NA) on piloting a number of specificmechanisms and policies for the development of Hai Phong city and Nghe An,Thanh Hoa and Thua Thien-Hue provinces, welcoming breakthrough decisions tocreate new growth poles for the country and have specific mechanismsand policies to promote not only local but also regional development.

Earlier in the morning sitting of the 15th National Assembly’s second plenary session, legislators listened to the Government’sreport on the draft resolution delivered by Minister of Planning and InvestmentNguyen Chi Dung.

NA passes resolution on specific policies for development of four localities ảnh 2Minister of Planning and Investment Nguyen Chi Dung. (Photo: VNA)
Under the document, Thua Thien Hue and Nghe An are allowedto borrow with the total outstanding loans of no more than 40 percent of theprovincial budget revenues as decentralized, while the figure for Hai Phongcity and Thanh Hoa province is 60 percent.

It also stipulates a number of specific mechanisms on pilotingthe implementation of fee policies in the localities, land management and forestuse management, planning management; revenue from handling housing and landissues.

The resolution is proposed to take effective from January 1,2022 and will be implemented for five years.

Chairman of the NA's Finance-BudgetCommittee Nguyen Phu Cuong said his committee agreed with this proposal.However, some deputies suggested piloting these specific mechanisms and policiesuntil the end of 2025 to ensure they conform with the 2021-2025 plan.

NA Chairman Vuong Dinh Hue stated that if the pilot resultsare effective and appropriate, the mechanisms and policies can be implementednationwide.

He stressed that it is necessary to have mechanisms and policies tocreate new motivation for localities to grow further./.
VNA
#Minister of Planning and Investment Nguyen Chi Dung#Hai Phong city#Nghe An#Thanh Hoa#Thua Thien-Hue#15th National Assembly#second plenary session#Vietnam#Vietnamplus#Vietnam News Agency
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