For the third time, being discussed at the Standing Committee with the goal of completing and presenting to the National Assembly at the meeting at the end of October, the story surrounding conditional business sectors is still the main content discussed by delegates.
The Chairman of the National Assembly said that documents other than the Investment Law are not allowed to restrict business rights.
According to Vice President Nguyen Thi Kim Ngan, the main goal of the bill is to regulate the list of prohibited business lines and conditional business lines.
However, Chairman Nguyen Sinh Hung is not reassured.
In the spirit of amending the law to create real reform, Mr. Hung earnestly requested the delegates to work hard on this bill.
The Chairman of the National Assembly confided that he was shocked when he heard the Minister of Justice say that Vietnam’s laws were the most complicated in the world.
Delegate Tran Du Lich cited the complex US legal system that is still implemented smoothly because it is transparently regulated and enforced by an impartial apparatus.
According to him, business conditions, whether stipulated in this law or specialized laws, are not the key, but the essence lies in the issue of implementation.
“If business conditions are left to specialized laws, then no drafting agency wants to protect its `turf`.
The Chairman once again requested the Government to continue reviewing to abolish unreasonable conditions.
Previously, according to the latest review by the Ministry of Planning and Investment – the agency in charge of drafting the bill, there are still 51 fields, industries, professions, goods, and services banned from investment and business, and 386 industries.