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Continuing the program of the 4th Session, on the morning of July 9, the National Assembly Standing Committee gave opinions on the Petroleum Law project (amended). Download The National Assembly Standing Committee gives opinions on the Petroleum Law project (amended) Presenting the Proposal on the law project, Minister of Industry and Trade Le Manh Hung emphasized that the Petroleum Law project (amended) meets the requirement of putting national interests first, first of all, associated with building an independent, self-reliant economy, ensuring macroeconomic stability, major balances of the economy, especially energy; protect and effectively exploit natural resources and national sovereignty, including legal sovereignty; building integration institutions, affirming Vietnams position as a responsible country to the international community; Strengthen state management capacity, promote decentralization, decentralization, and delegation of power, avoiding local interests of ministries and branches. The draft Petroleum Law (amended) has 12 chapters, 62 articles, drafted on the basis of inheriting the progressive provisions of the Petroleum Law 2022, meeting practical requirements in basic surveys of oil and gas and oil and gas activities, ensuring stability, avoiding problems that may occur during the implementation of contracts. The signed oil and gas contract and 5 groups of policies were approved by the Government in Resolution No. 81/NQ-CP dated April 3, 2026. Examining the draft law, the Economic and Finance Committee basically agreed with the necessity, political basis, practical basis and goal of continuing to improve the law on oil and gas. Regarding the scope of adjustment and some major contents added to the draft law, the Standing Committee of the Economic and Finance Committee agreed. completed with the addition of regulations to regulate investment activities associated with oil and gas activities to facilitate the implementation of symbiotic activities, support in the process of implementing oil and gas activities, contribute to improving efficiency, and enhance investment attraction for oil and gas activities. However, the Standing Committee of the Economic and Finance Committee recommends continuing to carefully review the regulations to ensure they are consistent with the scope of the law and do not overlap or overlap with the scope of other laws. At the same time, the regulations are clear, feasible, and have reasonable regulatory content, ensuring flexibility when applied in practice. The Standing Committee of the Economic and Finance Committee requested the drafting agency to clearly explain the basis for proposing decentralization, decentralization, and delegation of power; clarify the role and scope of responsibilities and content of management activities of the Ministry of Industry and Trade as the agency performing state management functions in the oil and gas sector, especially clarifying the role of inspection, supervision and control to ensure strictness and effectiveness. At the same time, it is recommended to clarify the reasonableness of the regulations on the functions and tasks of the subjects when compared with the regulations on the principles of conducting basic surveys on oil and gas and oil and gas activities newly added in the draft Law... At the meeting, delegates focused on giving opinions on the need to amend the Petroleum Law and orientations for completing the Law; the compatibility of the draft Laws content with the Partys policies and guidelines, the constitutionality, legality, consistency of the draft Law with the legal system, compatibility with relevant international regulations of which Vietnam is a member and ensuring national defense and security requirements; regulations on decentralization, decentralization of power and other technical and professional issues... Concluding on this content, Vice Chairman of the National Assembly Nguyen Hong Dien said that, based on receiving the direction of the Chairman of the National Assembly and comments from delegates, the National Assembly Standing Committee basically agreed on the need to promulgate the Petroleum Law (amended) to promptly fully institutionalize the Partys policies and guidelines; create uniformity for the legal system; At the same time, thoroughly remove difficulties and obstacles arising in the process of implementing the Petroleum Law 2022. To ensure quality and progress in submitting to the National Assembly for consideration and approval, the National Assembly Standing Committee recommends that the Government direct the drafting agency and relevant parties to urgently review and comprehensively absorb the opinions of members of the National Assembly Standing Committee, opinions in the Inspection Report of the Economic and Finance Committee and comments at the Meeting. In particular, special attention should be paid to fully institutionalizing the viewpoints, tasks and solutions in Resolution No. 70-NQ/TW and Conclusion No. 76-KL/TW of the Politburo on ensuring national energy security and strategic orientation for the development of Vietnams oil and gas industry. The development of the oil and gas industry must be closely linked to economic development, protecting Vietnams legitimate rights and interests at sea in accordance with international law; At the same time, ensuring the legitimate interests of investors on the basis of respect for independence, sovereignty, territorial integrity and national security. The Vice Chairman of the National Assembly requested the Economic and Finance Committee to preside and coordinate with the Ethnic Council and Committees of the National Assembly to continue to officially examine the law project, develop a report to submit to the National Assembly for consideration and decision at the Legal Thematic Session taking place next August. Nguyen HoangRefer to the National Standing Committee for more information. The Assembly considers the prepa
