Hanoi: The 15th National Assembly listened to a report on the draft Law on Public Investment (amended) and discussed the draft Law on Value Added Tax (revised) along with several other draft laws on October 29 at its ongoing eighth session.

According to Vietnam News Agency, the assembly’s discussions aimed at refining and updating existing laws to better meet the current economic and social challenges. The amended Law on Public Investment is expected to enhance efficiency and transparency in the allocation and use of public funds. Meanwhile, the revisions to the Law on Value Added Tax are being considered to streamline tax processes and potentially adjust tax rates to reflect economic conditions.

The session underscored the assembly’s commitment to improving legal frameworks that govern crucial aspects of the nation’s economy. Lawmakers emphasized the importance of these updates in fostering economic growth and ensuring fiscal responsibility. The discussions highlighted various perspectives on how the propo
sed amendments could impact different sectors and stakeholders.

The eighth session of the assembly will continue to address these and other legislative matters over the coming days, with further debates and reports anticipated as part of the comprehensive review process.