House committee discusses bill on public investment

The National Assembly’s Economic Committee’s discussed a bill May 7 that seeks to improve the effectiveness of public investment in business.

It is aimed at addressing problems related to government investment in production and trading, preventing wastage and loss, Nguyen Van Giau, the committee’s chairman, said.

It is part of a plan to restructure state-owned enterprises and the economy, he added.

Most delegates at the meeting agreed that the law was needed.

They said the authority and responsibility of government representatives in companies and the firms’ managers should be spelled out.

By Dinh Ly – Translated by Hai Mien

Other news