The vote to approve the controversial draft Law on Special Administrative and Economic Units will be postponed until the sixth National Assembly session, to commence in October, instead of the on-going fifth.
The Law on Special Administrative-Economic Zones (SAEZs) will continue to be discussed at the fifth session of the 12th National Assembly. The law is expected to a breakthrough to attract investment.
The National Assembly’s Standing Committee discussed the draft Law on Special Administrative Economic Units on April 16 with a focus on preferential policies to attract investment.
The draft Law on Special Administrative, Economic Units needed to be substantially revised to make it feasible and to fully exploit resources for boosting economic development, according to a verification report from the National Assembly (NA) Law Committee.
The Law on Special Administrative-Economic Units must breakthroughs in mechanisms and preferential incentives to boost economic development, experts have said.
The National Assembly Standing Committee opened their 14th session on Monday, with discussion centred on the draft Law on Special Administrative-Economic Units.