Special policies necessary for Ho Chi Minh City's development: NA Chairman

WVR/VNA - On December 19, National Assembly (NA) Chairman Vuong Dinh Hue, Secretary of the Party Delegation at the National Assembly, chaired a meeting between the NA Party Delegation and the Standing Board of the Party Committee of Ho Chi Minh City on devising a project to build a draft resolution on pilot mechanisms and policies for the development of the city to replace the NA's Resolution 54.
Special policies necessary for Ho Chi Minh City's development: NA Chairman
Special policies necessary for Ho Chi Minh City's development: Overview of the meeting. (Photo: VNA)

The mechanisms and policies have been piloted in the city since January 2018 following Resolution 54, with a duration of five years.

In October this year, the Government suggested that the National Assembly allow the city to continue piloting some special mechanisms until the end of 2023 instead of 2022.

Meanwhile, a project to develop an international financial centre in the city is being built, requiring adjustments of policies in finance, technology, banking, foreign exchange and relevant policies to serve as the legal foundation for the project.

Chairman of the municipal People’s Committee Phan Van Mai held that a new resolution replacing Resolution 54 is crucial to smooth resources for the city and create a momentum for it to rebounce.

Addressing the meeting, National Assembly Chairman Hue lauded the Ho Chi Minh City Party Committee in building the draft resolution with more than 50 proposed policies.

Special policies necessary for Ho Chi Minh City's development: NA Chairman
Special policies necessary for Ho Chi Minh City's development: National Assembly Chairman Vuong Dinh Hue made a conclusion at the meeting. (Photo: VNA)

He asked the city to focus on implementing four major policy groups, including existing policies included in Resolution 54 that have proved their efficiency; policies that are not included in Resolution 54 but are being carried out effectively in other localities; policies allowing the city to apply amended and supplemented contents of some revised laws; and policies exclusively applied for Ho Chi Minh City to remove obstacles facing the city.

Underlining that the draft resolution will bring about both intermediate and long-term benefits for the city and help promote its development and renovation, the National Assembly Chairman stressed the need to clarify the contents and the authority to implement the resolution, along with a specific plan to realise it after it is issued.

The National Assembly leader said that the draft resolution should be finalised for discussion at a National Assembly session in May 2023.

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(Source: WVR/VNA)