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.
Special Administrative Economic Units in Viet Nam will face challenges in raising funds from different sources and models in the context of limited state funds over the coming years.
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.