Ministry of Industry and Trade expressed an opinion about the List of 20 State monopoly industries
Urgently build restructuring plans for defense enterprises | |
Prime Minister directs the enhancement of SOEs restructure and renewal | |
Deal with equitization and divestment in State enterprises |
The commodity of raw gold is recently added to the Draft. Photo: Internet.
MOIT has officially responded to the Draft Decree on goods, services and implementation areas of State monopoly in commercial activities (Draft Decree), especially on the List of goods, services andimplementation areas ofState monopoly in commercial activities attached to the Draft Decree.
Regarding the necessity of this Draft, MOIT expressed, paragraph 4 of Article 6 of the 2005 Commercial Law stipulates that "The State shall exercise State monopoly with a term of commercial activities for some goods and services or in some areas to ensure national benefits ", also "the Government shall specify the list of goods, services and areas of State monopoly ".
In Document No. 130 / TTg-KTTH dated 27 January 2015, the Prime Minister assigned the Ministry of Industry and Trade to presideover and collaborate with Ministries and relevant agencies in order to research, establish the Draft Decree, and ensureaccordance with the guidelines and policies of ourParty, State's laws and relevant international commitments.
According to the Ministry of Industry and Trade, when the above list was issued, it will contribute to the concretization of the Party's policies and help to create a unified legal basis for reserving Vietnam's right in international negotiations on opening market access, thereby enhancing the transparency and efficiency of the process of international economic integration.
At the same time, the issuance of the List will help the systemization and transparency of all types of goods, services and areas of State monopoly in commercial activities in accordance with international commitments, policies and current regulations, also the basis for State management agencies as well as other subjects in society to carry out the function of publicly monitoring the performance of State monopolies in the listed sectors.
The Ministry of Industry and Trade also confirmed that the Draft Decree and the List is built with a major opinion that is not expanding and not increase the number of State monopoly sector which have been stipulated in recent legal documents, and in accordance with the existing international commitments of Vietnam.
Accordingly, the Ministry of Industry and Trade collaborated with other ministries to review all current legal systems in order to determine the types of goods and services which will be specified in the List. The Draft has been sent to ministries, ministerial-level agencies, and People's Committees of provinces and cities which are directly under the Central Government, the Vietnam Chamber of Commerce and Industry and related enterprises for consultation; also has been posted for comment and evaluated by the Ministry of Justice.
At the time of submission to the Government in December 2015, the List inc;uded 19 types of goods, services and detail of trading activities to apply State monopoly. However, after receiving opinions from members of government and the direction of the Prime Minister, the List has incudedan item of raw gold, correlatingwith the proprietary trading activities named "export and importers to produce gold bars", bringing the total number of goods and services in the list up to 20.
"All the listed goods and services in the List are currently applying State monopoly, in accordance with the principles stipulated in Clause 1, Article 4 of the Draft Decree which limits the scope of implementation of aState monopoly in essential fields, areas that the State should keep related to security - defense and national benefits, public interests or other unexpected economic sectors or cannot afford to participate", the document of Industry and Trade Ministry clearly stated.
According to the Ministry of Industry and Trade, State monopoly for goods or services which were specified in the list is not to apply for all commercial activities related to those goods or services, it is only limited to one or several specific activities, consistent with the policy of limiting the scope of State monopoly and the provisions of the current law.
Apart from the Minister of Public Security and the Minister of Defense who guided the implementation of a State monopoly in the commercial activities of goods and services for security and defense purposes, the draft Decree does not allow other ministries, ministerial-level agencies, and local governments at all levels to specify goods, services and areasofState monopoly in commercial activities.
20 State monopoly sectors
VCN- The list of 20 State monopoly sectors, goods and services has been recently announced by the ... |
The List attached to the Draft Decree can be reduced when the Law and related Ordinance allow abrogating the State monopoly fields. In addition, according to legislation sequence, the List attached to the draft Decree may also be reduced at the proposalof ministries, ministerial-level agencies, and People's Committees of provinces or at the request in documents which express the needs and ability to participate of enterprises of all economic sectors into the fields of State monopoly.
Regarding the necessity of this Draft, MOIT expressed, the paragraph 4 of Article 6 of the 2005 Commercial Law stipulates that "The State shall exercise state monopoly with a term of commercial activities for some goods and services or in some areas to ensure national benefits ", also "the Government shall specify the list of goods, services and areas of State monopoly". |
Related News
State earns nearly VND1,200 trillion in first seven months
13:51 | 01/08/2024 Finance
Remove gold monopoly to bounce back its normal state
09:09 | 02/06/2024 Headlines
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Developing logistics into a service industry with high-added value
10:19 | 29/12/2022 Import-Export
Latest News
Việt Nam establishes central steering committee to lead innovation and digital transformation
15:48 | 26/12/2024 Headlines
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Year-end stimulus expected to boost economic growth
14:13 | 23/12/2024 Headlines
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
More News
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines
Vietnam’s GDP growth to outpace region peers: Oxford Economics
09:39 | 20/12/2024 Headlines
Government Party Organisation must be elite, streamlined, ensure effective operations: PM
09:34 | 20/12/2024 Headlines
Vietnam among Asia’s 15 largest economies
15:42 | 19/12/2024 Headlines
Chinese media praises Vietnam’s economic achievements, outlook
15:40 | 19/12/2024 Headlines
Vietnam International Defence Expo 2024 opens
15:37 | 19/12/2024 Headlines
Your care
Việt Nam establishes central steering committee to lead innovation and digital transformation
15:48 | 26/12/2024 Headlines
Ho Chi Minh City: Diversifying forms of support for businesses exporting goods
09:42 | 25/12/2024 Headlines
Year-end stimulus expected to boost economic growth
14:13 | 23/12/2024 Headlines
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines