Politics

NA passes revised investment law

The National Assembly (NA) passed the Law on Investment (revised) in the afternoon of June 17, with 92.34 percent of deputies voting in favour.
NA passes revised investment law ảnh 1A NA deputy from Long An province speaks at the 14th NA's ninth session (Photo: VNA)

Hanoi (VNA) - The National Assembly (NA) passedthe Law on Investment (revised) in the afternoon of June 17, with 92.34 percentof deputies voting in favour.  

With seven chapters, 77 articles, and four appendixes, the new law will takeeffect from January 1, 2021.

It amends and supplements some provisions relating to the mechanism ofcontrolling and supervising business lines and investment and business conditions.

The law provides clear criteria for abolishing conditionalbusiness lines and investment lines.

It also includes regulations prohibiting debt collection services.

On the morning of the same day, 92.34 percent of deputies voted to approvea law amendingand supplementing some articles of the Law on Natural Disaster Prevention and Control and theLaw on Dykes./.
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