NA approves revised law on public investment
14:10 | 18/06/2014
VGP - The National Assembly on June 18 approved  the Law on Public Investment with 440 votes of the total 447 deputies, accounting for 88.35%.

The new law, which comprises six chapters, 108 articles and will come effective from January 1, 2015, regulates the management and use of the public investment capital, State management over public investment, rights, responsibilities and obligations of agencies, organizations and individuals related to public investment activities.

If an international agreement, to which Viet Nam is a signatory, have any differences from the law, the agreement’s regulations will be applied.

If a public investment project is implemented abroad, regulations in international agreements to which Viet Nam is a signatory and those between Viet Nam and the host country are applied.

Responding to NA deputies’ ideas, the NA Standing Committee amended Articles 14, 34, 35, 36, 46, 83, 95, 97 to 105 to make the regulations more practical and feasible for implementation.
 
                                                                                                                            By Vien Nhu

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