Law on special economic units aims to create new momentum

14/6/18
Van Don, which is set to become a special administrative-economic zone, in Quang Ninh province

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.

She fielded a question about the purpose of the draft law on special administrative-economic units at the Foreign Ministry’s regular press conference on June 14.

She said over the past years, the State of Vietnam has continually worked to perfect policies and laws and comprehensively taken many measures to better ensure the legal rights and legitimate interests of the people, promote national development and protection, and actively integrate into the world.

The draft law on special administrative-economic units is part of the law and ordinance making programme of the National Assembly (NA) in 2018.

Vietnam plans to build the three special administrative-economic zones of Van Don in northern Quang Ninh province, Bac Van Phong in central Khanh Hoa province, and Phu Quoc in southern Kien Giang province.

On June 11, the NA agreed to postpone the consideration and adoption of the bill until the sixth session of the parliament later this year, instead of in the ongoing fifth session.

According to NA Vice Chairman Uong Chu Luu, the building of the draft law is a major policy of the Party and State. However, this is a new, complicated and controversial issue, so the NA Standing Committee had agreed with the Government to ask the legislature for permission to delay the approval of the bill in order to have more time for consideration and completion.
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All comments [ 9 ]


Voice of people 14/6/18 21:51

special administrative-economic units are very important to the future development of Vietnam's economy

Vietnam Love 14/6/18 21:54

I absolutely agree with the Gov to build three special administrative-economic zones of Van Don, Bac Van Phong and Phu Quoc

Jacky Thomas 14/6/18 21:59

These three zones are the first ones, Vietnam should have more zones like these to develop its economy

Socialist Society 14/6/18 22:03

The building of a legal framework plays an important role in forming special administrative-economic zones and attracting investments in these areas

yobro yobro 14/6/18 22:04

It is a hard task to develop such law

Robinson Jones 14/6/18 22:06

The foreign investment is a decisive factor to the success of the special zones.

Red Star 14/6/18 22:09

The establishment of the three zones to create new drivers of growth is necessary and urgent, however to realise this plan, breakthroughs in institutions and policies are needed.

LawrenceSamuels 14/6/18 22:13

In Vietnam the search for a new development model has been carried out over a long period of time

Enda Thompson 14/6/18 22:15

Building these three zones is a right and smart policy of the Party and State, creating new opportunities for the economy

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