The Office of the President announced 3 newly passed Laws

The Office of the President has announced the President's Order on the Law on Property Auction, the Law on Belief and Religion, and the Law on Investment.

On the morning of December 12, at the Presidential Palace, the Office of the President held a press conference to announce the President's Order on the Law amending and supplementing Article 6 and Appendix 4 on the List of conditional investment and business sectors and occupations of the Investment Law; the Law on Property Auction and the Law on Belief and Religion, which were just passed at the 2nd session of the 14th National Assembly.

National Assembly deputies vote to pass draft laws (Illustration photo)

At the press conference, Deputy Minister of Planning and Investment Dang Huy Dong said that the Law amending and supplementing Article 6 and Appendix 4 on the List of conditional investment and business sectors of the Investment Law was built on the basis of cutting a number of conditional investment and business sectors and unnecessary and unfeasible investment and business conditions in order to remove barriers to market entry, reduce business costs for enterprises, and ensure full and consistent implementation of the right to freedom of business of people and enterprises in sectors and occupations that are not prohibited by the Law. Adding a number of necessary sectors and occupations aims to ensure national defense, national security, social order and safety, social ethics, and public health, while meeting new requirements arising in the practice of state management of investment and business activities.

In addition to adding the “fireworks business” industry as a prohibited business investment industry as prescribed in Article 6 of the Investment Law, the Law also abolishes 20 industries and occupations that are not in accordance with the criteria and purposes of the regulations on conditional business investment industries and occupations stated in Clause 1, Article 7 of the Investment Law or industries and occupations that can be managed by technical standards and regulations or industries and occupations that, after review, are determined not to be business industries and occupations.

This Law takes effect from January 1, 2017, except for the provisions on two conditional investment and business sectors that take effect from July 1, 2017, including: "Trading in camouflage equipment and software used for recording, filming, and positioning" and "Manufacture, assembly, and import of automobiles".

To ensure the implementation of the provisions on the abolition of the "Business of training and development services on bidding" and "Business of services for the establishment and appraisal of construction investment projects", this Law abolishes Clause 1, Article 19 of the Law on Bidding and Article 151 of the Law on Construction.

Also this morning, the Office of the President announced the President's Order on the Law on Property Auction and the Law on Belief and Religion. In which, the Law on Property Auction separates the auction process from the process before and after the auction, at the same time, regulates the order and procedures for auctioning common assets and the order and procedures for auctioning types of assets that the law stipulates must be sold through auction in a strict manner, ensuring transparency and objectivity, minimizing the situation of "blue team, red team", collusion, price suppression, clearly defining the responsibilities of relevant agencies, organizations and individuals, avoiding loss of state assets". This Law takes effect from January 1, 2017. The Law on Belief and Religion takes effect from January 1, 2018./.

According to VOV