Strong decentralization for ministries, branches and localities to manage and use electricity projects

VCN - Responding to petitions from voters in Lao Cai province related to problems in handing over public assets such as power grid projects to the electricity industry for management, the Ministry of Finance said that it has submitted to the Government to promulgate Decree No. 02. /2024/ND-CP on transferring power projects as public assets to Vietnam Electricity Group (EVN).
The Ministry of Finance has submitted to the Government to promulgate Decree No. 02/2024/ND-CP dated January 10, 2024 on the transfer of power projects as public assets to EVN. Photo: Internet
The Ministry of Finance has submitted to the Government to promulgate Decree No. 02/2024/ND-CP dated January 10, 2024 on the transfer of power projects as public assets to EVN. Source: Internet

According to the petition sent by voters of Lao Cai province to the Ministry of Finance before the 6th session of the 15th National Assembly, currently, the majority of project management boards assigned by the province to be power grid investors with the state budget capital haven’t performed the work of handing over assets to the electricity industry for management.

Many power grid projects have degraded, but EVN is not allowed to invest in repairs and renovations because they are not assets of the power industry, leading to insecurity, affecting the reliability of power supply and meeting regularly and continuous demand of supplying electricity to customers.

Voters of Lao Cai province requested to consider adjusting and supplementing a number of contents in Decision No. 41/2017/QD-TTg dated September 25, 2017 of the Prime Minister stipulating the order and procedures for transferring electricity works which are invested with state capital to be managed by EVN.

At the same time, he expressed his desire to allow the Provincial People's Committee and EVN to authorize units directly managing and using assets to carry out the entire process of handing over assets and reporting the results of handover to the superior managers; Allows the Provincial People's Committee to approve the value of transferred assets, etc.

In response to this recommendation, the Ministry of Finance stated that, implementing the Government's program to develop legal documents and the tasks assigned by the Prime Minister, the Ministry of Finance has submitted to the Government for promulgation Decree No. 02/ 2024/ND-CP dated January 10, 2024 on transferring power projects as public assets to EVN. This Decree replaces Decision No. 41/2017/QD-TTg dated September 15, 2017 of the Prime Minister regulating the order and procedures for transferring power projects invested with state capital to EVN.

Recently, the Ministry of Finance coordinated with EVN to organize an in-person and online conference to implement this Decree. At the Conference, Mr. Nguyen Tan Thinh, Director of the Department of Public Asset Management (Ministry of Finance) said that Decree No. 02/2024/ND-CP has strongly decentralized ministries, branches, localities and units that are directly managing power projects.

Accordingly, agencies, organizations and units directly managing power projects, ministries, branches and localities decide on the transfer of power projects to EVN to ensure the handover of power projects to EVN to be fast, timely.

One of the other new points of Decree No. 02/2024/ND-CP is that it specifically regulates the determination of the value of transferred power projects simply, using maximum available information to determine the price; Specify the responsibilities of ministries, central agencies, People's Committees of provinces and municipal cities, State Capital Management Committee, and EVN in implementing some contents in this Decree.

Along with the proposal to relocate the power projects, voters in Lao Cai province also proposed additional content related to regulations on tourists entering the border area.

According to voters' recommendations, Lao Cai has over 182km of border, including many border areas that are well exploited and promoted for tourism activities. In particular, Lao Cai golf courses located close to the border will be places that attract tourists, especially foreigners.

Therefore, Lao Cai voters request the Government to soon issue instructions on the regulation that tourists entering border areas must be controlled and pay fees in Circular No. 25/2021/TT-BTC of the Ministry of Finance to attract foreign visitors.

Regarding this issue, the Ministry of Finance said that recommendations related to the management of tourists on exit and entry belong to the state management functions of the Ministry of Public Security, the Ministry of National Defense and the Ministry of Foreign Affairs (specializing in issuing visas or other valid documents for exit, entry, and residence for foreigners); No problems with fees policies in the fields of exit, entry, transit, and residence in Vietnam prescribed in Circular No. 25/2021/TT-BTC dated April 7, 2021 of the Ministry of Finance.

By Hoài Anh/Phuong Linh

Related News

One law amending seven financial laws: New driving force for economic growth

One law amending seven financial laws: New driving force for economic growth

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simplified procedure and will be approved at this session. The simultaneous amendment of many provisions in the laws in the financial sector and their early approval demonstrate the determination and great efforts of the National Assembly, the Government, and the Ministry of Finance in creating a system of open and appropriate policies, promoting investment resources in the economy, thereby promoting economic growth in the new period.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing legal hurdles in regular spending for capital assets

Removing legal hurdles in regular spending for capital assets

VCN - Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor, promptly removed obstacles, and created conditions for ministries, branches, and localities to proactively use regular expenditures to carry out tasks and projects outside the approved medium-term public investment plan, and to be proactive in performing assigned tasks.
Accelerating decentralization in public asset management

Accelerating decentralization in public asset management

VCN - Amending the Law on Management and Use of Public Assets aims to improve regulations on accelerating decentralization and improving efficiency in management and use of public assets, and promoting financial resources, ensuring that the unified application the Law on Management and Use of Public Assets and other legal documents.

Latest News

Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

VCN - On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws. Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai emphasized the need for the Government to direct the drafting body and relevant agencies to collaborate closely to finalize a persuasive and widely supported report, ensuring the quality of the draft law for the National Assembly's consideration and decision.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

VCN - According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors

State-owned securities company trails competitors

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises

Strengthening the financial “health” of state-owned enterprises

VCN - The state economy plays a key role in the socio-economic development process, but it is necessary to strengthen the financial health and competitiveness of state-owned enterprises (SOEs).

More News

U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

VCN - In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.
A “picture” of bank profits in the first nine months of 2024

A “picture” of bank profits in the first nine months of 2024

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.
Many challenges in restructuring public finance

Many challenges in restructuring public finance

VCN - Restructuring public finance is an important step to improve state financial management, ensure resources are allocated reasonably and effectively, contributing to the country's sustainable development. In addition to the achieved results, the process of accelerating public finance restructuring also faces many pressures.
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as the e-commerce trading platform implements tax deduction, payment and declaration on behalf of tens, hundreds of thousands of individuals and business households on the platform.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

HCMC: Domestic revenue rises, revenue from import-export activities begins to increase

VCN - The results of State budget revenue in HCMC in the first 10 months of 2024 are estimated to increase by 10% over the same period last year, of which the highlight is that revenue from import-export activities has begun to increase.
Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

Effectively control fiscal and monetary policy : Deputy Prime Minister and Minister Ho Duc Phoc

VCN - Monetary policy and fiscal policy are the driving force for economic development, so that there has been effective coordination, Deputy Prime Minister and Minister of Finance Ho Duc Phoc.
Seaport stocks surge amid positive sector outlook

Seaport stocks surge amid positive sector outlook

During the trading session on 12 November, while the VN-Index fell for the fourth consecutive session to 1,244 points, several seaport and shipping stocks such as MVN (VIMC), VOS (Vietnam Shipping), and GMD (Gemadept) maintained upward momentum.
Read More

Your care

Latest Most read
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors

State-owned securities company trails competitors

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises

Strengthening the financial “health” of state-owned enterprises

VCN - According to the State Capital Management Committee at Enterprises, to date, the country has six hundreds and seventy one SOEs including 6 economic groups, 53 state-owned corporations and 19 LLCs operating under the parent-subsidiary model.
U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Mobile Version