11:37 (GMT +7) - Saturday 15/12/2018

Vietnam Today

NA delays adoption of law on special economic zones

Released at: 15:47, 09/06/2018

NA delays adoption of law on special economic zones

Phu Quoc Island - one of Vietnam's three Special Administrative-Economic Units (Photo: kyluc.vn

Bill to now be considered at sixth session of 14th NA.

by Van Chi

The government and the National Assembly Standing Committee have agreed to ask the legislature to delay the adoption of the draft Law on Special Administrative-Economic Units to have more time for research and completion, the Vietnam News Agency reports.

The delay will be between the fifth and sixth sessions of the 14th National Assembly, according to the Office of the Government.

The draft Law on Special Administrative-Economic Units of Van Don, Bac Van Phong and Phu Quoc has been compiled to include Party resolutions and the Constitution 2013 and create a legal foundation for the construction of the three zones.

The bill had been deliberated at the fourth sitting of the 14th National Assembly.

At the ongoing fifth session, deputies, scientists, economists, experts and constituents actively contributed their opinions.

The delay aims to successfully build the three special administrative-economic units while ensuring national defense and sovereignty and meeting the aspirations of legislators, voters and people nationwide, according to the Office of the Government.

Regarding land lease duration, the government will consider and submit regulations to the National Assembly, as prescribed in the Land Law. There will be no regulations on a special land lease of up to 99 years at special economic zones.

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