Review all road traffic BOT stations

The National Assembly has just requested a review of all BOT traffic stations to ensure publicity, transparency and legitimate rights of businesses and people.

The Resolution on the 2018 Socio-Economic Development Plan, which was recently passed by the National Assembly on the morning of November 10, emphasized the need to review all road traffic BOT stations to ensure publicity, transparency and legitimate rights of businesses and people.

Strictly handle violations of legal regulations that disrupt social order and safety, strictly manage and promote the effectiveness of investment forms under the public-private partnership model in general and the BOT model and the build-transfer (BT) contract model in particular. Research and complete the legal framework for investment under the public-private partnership model, report to the National Assembly, the Resolution clearly stated.

According to the Resolution, the main targets are set as follows: Gross Domestic Product (GDP) increases by 6.5% - 6.7%; Total export turnover increases by 7% - 8%; The ratio of trade deficit to total export turnover is under 3%...

Toll station Km42+730 National Highway 6, Xuan Mai - Hoa Binh section is one of the toll stations that is closely monitored for revenue.

To achieve these targets, the National Assembly requires effective restructuring of credit institutions associated with bad debt handling, focusing on handling weak credit institutions according to market principles, without direct support from the state budget.

Strengthen financial and budgetary discipline, create clear changes in handling outstanding land use fees, combat revenue loss, tax evasion, tax arrears, transfer pricing fraud, violations of tax laws, fees and charges, implement electronic invoices; thoroughly save state budget expenditures and use public assets and public vehicles.

The National Assembly also requested restructuring the state budget towards gradually increasing the proportion of domestic revenue and development investment expenditure, reducing the proportion of regular expenditure, ensuring social security, social welfare and national defense and security expenditure.

Strengthen management of extra-budgetary funds, manage public debt according to the goals set by the National Assembly, minimize the issuance of government guarantees for new loans, strictly control the deficit and debt of the central government and local governments, and do not transfer loans for re-lending and government guarantees into state budget allocation capital.

National Assembly deputies are concerned that public debt is still on the rise, and labor productivity has not improved significantly. The restructuring of state-owned enterprises is still slow, equitization and divestment are difficult to achieve the set plan, there are still problems and limitations; the handling and overcoming of 12 loss-making projects are still difficult; new loss-making projects may arise.

The Resolution raises a number of issues that need to be resolved in 2018, such as price gouging, transfer pricing, and fake losses occurring in some foreign-invested enterprises that have not been strictly handled; creating development motivation for domestic enterprises to be competitive is still limited; policies to attract foreign investment create more incentives for foreign enterprises, which are not fair to domestic enterprises...

In the Report on explanation and acceptance of opinions of National Assembly deputies, Chairman of the National Assembly Economic Committee Vu Hong Thanh said that, in the face of the difficulties and challenges of 2017 that have been analyzed and clarified, National Assembly deputies suggested that it is necessary to continue to maintain macroeconomic stability, remove difficulties for production and business, focus on handling bad debts, be more drastic in equitization, divestment of state capital in enterprises, effectively use resources, promote capital disbursement associated with improving the quality of public investment.

Mr. Thanh said that it is necessary to pay more attention to distribution, circulation, development of domestic retail market, and encourage structural transformation in agriculture./.

According to VOV