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Law on special administrative-economic units in progress
Tu Hoang
Monday,  Apr 10, 2017,23:34 (GMT+7)

Law on special administrative-economic units in progress

Tu Hoang

HANOI - Deputy Prime Minister Truong Hoa Binh has asked the Ministry of Planning and Investment to coordinate with relevant agencies and the provincial governments of Quang Ninh, Khanh Hoa and Kien Giang to quickly draw up the Law on Special Administrative-Economic Units.

Van Don (Quang Ninh), North Van Phong (Khanh Hoa) and Phu Quoc (Kien Giang) will become special administrative-economic units when the draft law is passed by the National Assembly (NA), according to the Government Office.

The deputy prime minister wants the law to take into account the characteristics of each unit. The contents, mechanisms and policies on socio-economic incentives must be prescribed in the law, with competition with against the region and the world ensured.

The governments of Quang Ninh, Khanh Hoa and Kien Giang should take the initiative in conceiving master plans and projects for investment and development, focusing on the major sectors in line with the trend of the world, the capacity, comparative advantages and practical conditions of each locality.

The Ministry of Defense and the Ministry of Public Security should coordinate with agencies and localities concerned in formulating schemes for national defense and security as well as social order and safety in special administrative-economic units.

The Ministry of Planning and Investment together with other relevant agencies should heed opinions of the Politburo and finalize the related documents for submission to the NA for the NA deputies to contribute their ideas.

Recently, the planning ministry has published this draft law for comment.

This move of the Government came after the Politburo issued Notice 21-TB/TW on the proposals for the development of the three special economic-administrative units on March 22.

The notice affirms that the development of the aforesaid units is a major policy of the Party. Therefore, it is necessary to resolutely implement it, step by step in a firm manner, with experience drawn in the process.

The notice states that the establishment of these special economic-administrative units under the provincial government has been approved, with an aim of making the best use of the regional potentials with outstanding advantages. Special administrative-economic units are magnet for investment, high technology and advanced management mode for the formation of a high growth area that generates more resources and motivation, accelerating the development and economic restructuring of the province, the region and the country.

The organizational structure and model of such units shall be prescribed by the Law on Special Administrative-Economic Units.

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