The National Assembly (NA) Standing Committee on April 28 gave opinions on the 10^th revised NA resolution regarding criteria for key national projects to be submitted to the NA which will then issue appropriate investment policies.

Chairman of the NA External Relations Committee Vu Mao underscored the need to promote the role of People’s Councils at the provincial level in deciding local investment plans without NA jurisdiction so as to increase the efficiency of supervision and investment.

Many deputies stressed that projects with an investment level of VND20,000 billion or more using State budget and projects worth VND25,000 billion or more using other capital inflows, must be submitted to the NA for its consideration.

Strategies and plans for national development are very important, requiring the NA to take into account and deciding on investment policies to avoid scattered and unsynchronised investment, noted Mr Mao.

Vice NA Chairman Truong Quang Duoc said that presently, the master-planning issue is included in every law but the NA has yet to deal with the matter.

Many deputies also proposed upgrading the resolution into a law to reinforce supervision and issue more detailed and specific regulations.