11:18 23/10/2021

NA discussing development of cities and provinces

Quang Trung

The National Assembly (NA) is discussing a draft Resolution on piloting a number of specific mechanisms and policies for the development of cities and provinces around the country. Northern Hai Phong city and north-central Thanh Hoa and Nghe An provinces are allowed to decide on changes in the land-use purpose of rice-growing land under 500 ha. Nghe An and central Thua Thien-Hue province are allowed to borrow funding of up to 40 per cent of their budget revenue, and Hai Phong and Thanh Hoa up to 60 per cent.

Chairman of the Finance and Budget Committee Nguyen Phu Cuong at the NA. Source: Quochoi.vn
Chairman of the Finance and Budget Committee Nguyen Phu Cuong at the NA. Source: Quochoi.vn