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

General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
New regulations on procurement, exploitation, and leasing of public assets

New regulations on procurement, exploitation, and leasing of public assets

VCN - Decree No. 114/2024/ND-CP, which amends and supplements certain articles of Decree No. 151/2017/ND-CP detailing the implementation of the Law on Management and Use of Public Assets, introduces significant changes. These include updates on authority, methods of asset exploitation in agencies and units, plans for leasing, joint ventures, and partnerships in public service units, as well as centralized procurement procedures.
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...

Latest News

Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN – Important national projects, inter-regional transport projects, riverbank and coastal erosion treatment projects all have disbursement rates lower than the estimated average disbursement rate of the whole country, the Ministry of Finance said.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).

More News

PM urges stronger measures to manage interest rates

PM urges stronger measures to manage interest rates

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Vietnamese products: Conquering foreign customers in supermarket systems

Vietnamese products: Conquering foreign customers in supermarket systems

VCN - According to the Ministry of Industry and Trade, the proportion of Vietnamese goods in distribution channels currently reaches more than 80% in supermarkets and 60% or more in traditional retail channels. For many retailers, Vietnamese goods have become a growth driver as they not only do business successfully in the domestic market but also export.
Answering many questions from businesses at dialogue conference on tax and customs policies

Answering many questions from businesses at dialogue conference on tax and customs policies

VCN - Many opinions and recommendations related to tax and customs issues were raised by the business community at the dialogue on tax and customs policies and administrative procedures in 2024, organized by the Ministry of Finance.Representatives of the Ministry of Finance, the General Department of Taxation, and the General Department of Customs provided specific responses, and affirmed that they will continue to research and advise on the assessment, review, and amendment and supplementation of appropriate regulations.
Enterprises face difficulties in tax refunds due to partners closing

Enterprises face difficulties in tax refunds due to partners closing

VCN - On December 13, at a dialogue conference on tax and customs policies and administrative procedures organized by the Ministry of Finance in coordination with the Vietnam Chamber of Commerce and Industry (VCCI), enterprises proposed solutions to many problems related to tax policies such as VAT refunds, tax declaration procedures, electronic invoices, etc.
Strengthen the management and use of electronic invoices for e-commerce

Strengthen the management and use of electronic invoices for e-commerce

VCN - Prime Minister Pham Minh Chinh requested ministries, branches and localities to strengthen the management and use of electronic invoices and improve the efficiency of tax collection for e-commerce.
Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law

VCN - The Ministry of Finance has just completed the proposal to draft the Personal Income Tax Law (PIT) and officially solicited public comments. By amending and supplementing nearly 90% of the total number of articles of the current PIT Law, the Ministry of Finance has submitted to the Government for permission to propose the draft PIT Law to replace the PIT policy system. The project is expected to be approved by the National Assembly in May 2026.
Expansionary fiscal policy halts decline, boosts aggregate demand

Expansionary fiscal policy halts decline, boosts aggregate demand

VCN - Customs News interviews Ms. Nguyen Thanh Nga, Deputy Director of the Institute for Financial Strategy and Policy (Ministry of Finance).
Ministry of Finance stands by enterprises and citizens

Ministry of Finance stands by enterprises and citizens

VCN - This was the affirmation of Deputy Minister of Finance Cao Anh Tuan at the 2024 Dialogue Conference on Tax and Customs Policies and Administrative Procedures. The conference, jointly organized by the Ministry of Finance and the Vietnam Chamber of Commerce and Industry (VCCI) on December 10, attracted 530 enterprises from the northern region.
Read More

Your care

Latest Most read
Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN - With the determination to accomplish the revenue collection to create resources for economic development under the Prime Minister's direction, the entire Tax sector has made efforts to perform the revenue collection in the last days of 2024.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN - The Ministry of Finance has issued Document No. 13213/BTC-DT to publicize the progress of public investment disbursement of key national projects.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Mobile Version