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Revised law eyes better environment for bidding

Regulations relating to contractor-investor relationships or relationships among contractors should be further clarified to ensure a more competitive bidding environment in Vietnam, some members of the National Assembly Standing Committee suggested on Saturday.

During the weekend session, the committee discussed revisions to the law on bidding which will be on the agenda of National Assembly this month.

Members of the NA Standing Committee agreed that to avoid fraud and raise effectiveness in bidding, the revised bidding law needs to regulate the relationship among relevant parties, including those who make investment decisions, investors and contractors.

The draft of the revised law includes more detailed regulations governing legal and financial independence among involved parties as well as banned activities during bidding.

Moreover, the appointment of contractors in public projects would be only made in special cases. The draft also has specific regulations over criteria, schemes for investors and contractors during the appointment of contractors.

In bidding for medicine supplies, especially, lawmakers urged for the creation of a separate chapter in the draft because of the importance of its role.

At the morning session, the NA Standing Committee did not reach agreement over increasing the tax rate related to natural resources, although the move would be expected to add money to the State budget and push mining and refinery companies to invest in more efficient and sustainable technologies.

NA chair Nguyen Sinh Hung agreed with the need for a higher natural resource tax rate but urged for a careful adjustment, while NA vice chairwoman Nguyen Thi Kim Ngan noted that it could affect companies and the country’s integration process including the negotiation for a Trans-Pacific Partnership Agreement.

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