The National Assembly passed a resolution on a specific mechanism for Ho Chi Minh City, especially on public investment
On the afternoon of June 24, with a majority of votes in favor, the National Assembly passed a resolution to pilot a number of specific mechanisms and policies for the development of Ho Chi Minh City.
Accordingly, the Resolution takes effect from August 1, 2023. At the same time, Resolution 54 of the National Assembly also expired.
Notably, in terms of investment management, Ho Chi Minh City is allowed to apply the public-private partnership method for investment projects in the field of sports and culture, with a minimum total investment scale. prescribed by the City People's Council.
The city is also allowed to apply the type of BT contract with the same procedures and order as for projects using public investment capital.
Regarding financial and budgetary policies, the draft stipulates that the City budget is entitled to 100% of the additional revenue from revenues due to the adjustment of the fee and fee policy according to regulations.
As for the organization of the government apparatus of Thu Duc city, the People's Committee of the city has the authority to assign specialized agencies directly under it to appraise investment policies and project approval decisions; concurrently decide to approve the project, organize the selection of investors and sign project contracts for group B and group C projects invested in the form of public-private partnership as specified in this Resolution. and the law on investment in the form of public-private partnership in the city.
Previously, at the end of May 2023, the Government submitted to the National Assembly a draft resolution on piloting a number of specific mechanisms for the development of Ho Chi Minh City with 27 new and breakthrough points.
Specifically, the Government proposed the National Assembly to allow Ho Chi Minh City to use the local budget to implement regional and inter-regional road projects and works; supported locally in the country as well as in other countries.
The city is allowed to pilot the traffic development-oriented urban development (TOD) model, which uses the local budget to deploy independent public investment projects to compensate, support, and reallocate. with a number of traffic projects.
In terms of budget - tax and financial mechanism , in case HCMC has local budget revenue to increase development investment spending in the medium-term public investment plan, it should be done before the allocation of revenue. This will be used for new projects, added to the medium-term public investment plan, as a basis for annual capital allocation.
Regarding construction - planning and investment , the draft resolution empowers Ho Chi Minh City to arrange social housing land fund within the scope of commercial housing projects or in other positions equivalent in size; prescribe specific types of land for social housing development; stipulate the case of national and community interests when adjusting construction and urban planning.
Ha Vy
According to Market life