The National Assembly's Economic Committee's supervisory delegation worked with the Provincial People's Committee

(Baonghean.vn) - On July 29, the Supervisory Delegation of the National Assembly's Economic Committee, led by Mr. Nguyen Van Phuc - Deputy Chairman of the National Assembly's Economic Committee, had a working session with the Provincial People's Committee on the content: supervising the implementation of economic restructuring in the fields of public investment, state-owned enterprises and the banking system according to Resolution No. 10 of the National Assembly on the socio-economic development plan for the period 2011-2015.

Attending the meeting were comrades: Dinh Thi Le Thanh - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee; Pham Van Tan, Head of the National Assembly Delegation of Nghe An province and leaders of a number of provincial departments and branches.

Overview of the work.

Implementing economic restructuring in the fields of public investment, state-owned enterprises and the banking system, Nghe An province has issued many policies and laws contributing to improving the efficiency of using public investment capital; building a system of credit institutions to develop healthily and sustainably; helping state management agencies and state-owned enterprises operate more effectively and transparently. Total mobilized investment capital has increased year by year.

From 2011 to 2014, Nghe An province was notified and allocated 13,892,277 billion VND of state budget capital and government bonds, of which the province directly allocated 10,859,277 billion VND. The province's public investment capital has been used effectively, significantly changing the province's socio-economic infrastructure. Currently, 16/54 People's Credit Funds have been actively directed to restructure by the State Bank of Vietnam, Nghe An branch, and 16/54 People's Credit Funds that are operating well have completed the restructuring project. 167 state-owned enterprises have been converted to joint stock companies, converted into single-member or two-member LLCs, sold, dissolved, bankrupted, merged, consolidated, and converted to revenue-generating businesses.

At the meeting, the People's Committee of Nghe An province raised the remaining issues that need to be resolved regarding the restructuring of public investment, and made a number of recommendations. Accordingly, the National Assembly should soon issue a system of documents guiding the implementation of the Law on Public Investment, the Law on Management of State Investment Capital in Enterprises, and the Law on Planning to have a basis for implementation. Strengthen the National Assembly's supervision of the public investment sector.

In addition, the Government needs to develop criteria for evaluating investment efficiency as a basis for evaluating annual public investment efficiency in each locality, region, and area. Regarding the restructuring of the banking sector, the Government needs to have sanctions that more tightly bind the responsibilities of borrowers, limit the situation of borrowers not cooperating, and prolong the debt settlement time. The content of public investment restructuring is a complex issue, related to many sectors and many levels, so it needs to be carried out synchronously in conjunction with strategic and overall breakthroughs. Therefore, the opinion of Nghe An province is to amend the content on capital appraisal for newly started projects, in which it authorizes localities to appraise capital sources for projects using central budget capital with a total investment of less than 15 billion VND to increase initiative and reduce the time to prepare investment procedures for projects.

Comrade Dinh Thi Le Thanh - Vice Chairman of the Provincial People's Committee spoke at the meeting.

Speaking at the meeting, Comrade Dinh Thi Le Thanh emphasized: the province has identified the issue of economic restructuring to change the growth model. Nghe An province would like to accept the opinions of the monitoring delegation and soon direct the implementation of innovative thinking to effectively carry out economic restructuring.

Comrade Nguyen Van Phuc spoke at the meeting.

On behalf of the National Assembly's monitoring delegation, Comrade Nguyen Van Phuc - Vice Chairman of the National Assembly's Economic Committee acknowledged and evaluated the initial results in the province's economic restructuring. Provincial leaders have closely directed the integration of economic restructuring into the direction and management of socio-economic development and the implementation of political tasks set forth in the Party Resolution and the Government. The delegation will synthesize and report the province's recommendations to the National Assembly and relevant ministries and branches for resolution.

Thanh Le