“It is a major issue, never before happened so brutally to our husbandry industry”, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said of the severe impact of the African swine fever that is killing millions of local pigs at the National Assembly meeting held yesterday.
Receiving approval from all of the 469 deputies in attendance, the National Assembly officially ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and other relevant documents.
National Assembly Chairwoman enjoyed the highest rate of "high confidence" which was 90.1 per cent whilst Education Minister fared the worst in a vote of confidence held by the National Assembly yesterday.
It is highly likely that the draft Law on Special Administrative-Economic Units will not be approved in the next meeting session of the National Assembly in November this year.
After the National Assembly of Vietnam halted passing the draft law on Special Economic Zones, almost all real estate transactions in Van Don and Bac Van Phong froze with investors and estate agents withdrawing from the market.
The recently overheated matter of a land lease term of 99 years applying at special economic zones on a trial basis has been affirmed to be shortened but the draft law on Special Administrative-Economic Units remains not to be approved in this plenary session of the National Assembly.
Vietnam National Assembly and the Government should carefully review tax incentives in future special economic zones to avoid budget losses and negative socio-economic impacts, according to Nguyen Thu Huong, senior manager of Oxfam.
Proposal of concerned ministries to amend the four laws, including the Law on Real Estate Business, Land Law, Housing Law and Construction Law to legalize condotel was not considered by the National Assembly this time.
On May 23, the draft Law on Special Administrative and Economic Zones was discussed by the National Assembly, in which the casino business service in the Units is expected to enjoy a special consumption tax incentive of 15 percent for the first ten years if approved.
The Law on Special Administrative and Economic Units is one of the highlighted issues put high on agenda in the fifth working session of 14th National Assembly.
The latest draft law of the special economic zones has been amended based on the opinions of several members of the National Assembly to reduce incentives for several investment projects including casino, tourism and entertainment services.
To accelerate the prolonged project, Hanoi People’s Committee has proposed the Prime Minister to review and report to the National Assembly for approving the adjustment of capital increase at the the meeting scheduled to be held in May 2018.
Nearly all National Assembly members agreed to apply new regulations for Hochiminh City (HCMC) on a pilot basis, but doubts remain over property taxation.
