The making of the Bac Van Phong Special Economic Zone master plan in the south-central province of Khanh Hoa has been temporarily suspended following Prime Minister Nguyen Xuan Phuc’s order.
The Ministry of Construction has green-lighted Kien Giang province’s proposal to suspend the master plan to develop Phu Quoc Island into a special administrative-economic zone (SEZ).
The draft law on special administrative-economic units was built with the aim of creating breakthroughs and new development momentum for the economy and capitalizing on advantages of localities, said Foreign Ministry Spokeswoman Le Thi Thu Hang.
The National Assembly has approved a proposal of the NA Standing Committee on postponing the debate and adoption of the draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc.
The draft Law on Special Administrative-Economic Units of Van Don, Bac Van Phong and Phu Quoc has been a hot topic not only at the on-going fifth session of the 14th National Assembly but also on the mass media during recent days.
The Government and the National Assembly Standing Committee have agreed to ask the legislature to delay the adoption of the draft Law on special administrative-economic units to have more time for research and completion.
Prime Minister Nguyen Xuan Phuc has affirmed that all ideas on the land lease period crafted in the draft Law on Special Administrative-Economic Units of Van Don, Bac Van Phong and Phu Quoc will be considered, and reasonable adjustments will be made to meet people’s aspiration.
Ensuring defence security is the number one principle when designing the draft law on special administrative-economic units, affirmed Minister of Planning and Investment Nguyen Chi Dung.
Prime Minister Nguyen Xuan Phuc affirmed his willingness to listen with high responsibility to opinions of intellectuals, experts, people and particularly National Assembly deputies on the proposal of land lease of 99 years in the draft law on special administrative-economic units.
Legislators discussed contentious contents of the draft law on the special administrative-economic units of Van Don, Bac Van Phong and Phu Quoc in the morning of May 23, the third working day of the fifth meeting of the 14th National Assembly.
Contentious contents in the draft law on the special administrative-economic units of Van Don, Bac Van Phong and Phu Quoc were the centre of discussions among National Assembly deputies on May 23 morning.
The building of a legal framework plays an important role in forming special administrative-economic zones and attracting investments in these areas, said Minister of Planning and Investment Nguyen Chi Dung at a workshop in Hanoi on May 18.
The National Assembly’s Standing Committee discussed a draft Law on Special Administrative Economic Units on April 16 with a focus on preferential policies to attract investment.
Many opinions have been gathered to complete the draft Law on Special Administrative and Economic Units, such as land rent duration and investment attraction policies.
NA Chairwoman Nguyen Thi Kim Ngan had a working session with officials of the central coastal province of Khanh Hoa on December 16 to review the province’s 2017 socio-economic development plan.
The People’s Committee in the central coastal province of Khanh Hoa estimated that more than 100 trillion VND (4.4 billion USD) was needed to develop infrastructure for the Bac Van Phong Special Administrative-Economic Unit by 2025.
The People’s Council of the central province of Khanh Hoa adopted a resolution approving a project establishing Bac Van Phong (Northern Van Phong) special administrative-economic unit during its fifth session on December 7.
Quang Ninh, Kien Giang and Khanh Hoa are gearing to develop special administrative-economic zones with expectations that preferential policies will be increased as the National Assembly is discussing the Law on Special Administrative-Economic Units.
The NA’s Law Committee convened its eighth plenary session on Sep 27 in Nha Trang city, Khanh Hoa province, with debates focusing on the draft Law on Special Administrative-Economic Units.
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