National Assembly deputies divided over debt collection service

The controversial debt collection service divided deputies of the National Assembly (NA) Standing Committee on Monday as they dicussed the revised Law on Investment.

National Assembly deputies divided over debt collection service

NA chairwoman Nguyễn Thị Kim Ngân (centre) delivered a speech at the 43rd session of National Assembly Standing Committee.

Vũ Hồng Thanh, head of NA’s Economic Committee, said many deputies proposed the service shouldn’t be prohibited as it was an important market issue.

However, they said it is necessary to tighten business conditions and strengthen mediation organisations at all levels to avoid an increase in social problems.

The majority of NA’s Economic Committee Standing deputies agreed with the proposal.

They said that hiring an agency to act as a middleman was necessary, as long as companies worked within state regulations.

Lawmakers pointed out a lack of clear regulations had led to a number of violations in the past.

NA chairwoman Nguyễn Thị Kim Ngân shared the same opinion, stating that debt collection service was part of everyday life.

She blamed wrong-doings on the fact that State management had not properly implemented business conditions and there were few strict regulations.

But not everyone was in agreement. Thanh said some deputies want the service banned altogether.

The feel there are unscrupulous firms operating, who prey on people’s circumstances and use force to collect money, with loans being offered at high-interest rates.

NA deputy chairman Uông Chu Lưu agreed, saying that the debt collection service should be prohibited as it was stated in the draft revised law because the relationship between lenders and borrowers is a civil matter.

The State has a complete system of laws, management agencies and institutions to ensure the enforcement and protection of rights and obligations of the parties in civil relations and social relations must be governed by law, he said.

“Why we have to use a middleman acting as debt collection to settle civil relations when institutions which are available like arbitration, courts and mediations?” Lưu said.

The Revised Law on Enterprises also discussed by NA deputies on Monday, Thanh said.

He said the NA Economic Committee Standing deputies agreed with the proposal of not adding regulations of household businesses to the revised law.

 

It was necessary to have a separate law as household businesses were different from private enterprises, limited or joint-stock companies.

As the number of household businesses is quite large (more than 5.1 million), a thorough study and assessment should be made to complete the law.

Vũ Tiến Lộc, chairman of Việt Nam Chamber of Commerce and Industry said regulations of household business needed to be added to the revised law.

Concluding the session, NA deputy chairman Phùng Quốc Hiển said the NA Standing Committee agreed on devising a law to create a legal foundation for household businesses. The proposal will be submitted to the NA deputies for discussion, he said.

Fighting against COVID-19

The NA Standing Committee opened on Monday morning under the management of NA chairwoman Nguyễn Thi Kim Ngân.

Ngân appreciated the Government’s efforts and determination fight the spread of coronavirus.

The chairwoman also thanked doctors, medical staff and soldiers and all those who have contributed to the fight against the novel coronavirus (COVID-19) pandemic.

“The NA Standing Committee always stands shoulder to shoulder and ready to create favourable conditions for the government to implement prevention and combating measures,” she said.

“It demonstrates the solidarity between the army and the people as well as the responsibility of the whole political system.”

Deputy Prime Minister Vũ Đức Đam, head of the national steering committee on COVID-19 prevention, said the disease was being dealt with thanks to strict implementation of instructions by the Politburo, the Government and the Prime Minister.

However, he said, challenges lied ahead.

He emphasised the need to strengthen coordination between agencies and the application of information technology and mobilisation of local residents to detect people who were considered to be at high risk as soon as possible.

It was necessary to enhance the testing capacity as well as responsibilities of local government and health stations in disseminating information on measures on disease prevention. — VNS

 
 

Other News

.
Vietnam calls on countries to continue supporting Iraq
Vietnam calls on countries to continue supporting Iraq
POLITICSicon  13/05/2020 

Ambassador Dang Dinh Quy, head of the Vietnam Mission to the United Nations, has called on countries in and outside the region and international organisations to continue supporting Iraq.

Vietnam opposes use of chemical weapons
Vietnam opposes use of chemical weapons
POLITICSicon  13/05/2020 

The Vietnamese diplomat asserted Vietnam’s support for the full implementation of the Chemical Weapons Convention, and activities of the Organisation for the Prohibition of Chemical Weapons (OPCW) in line with the convention.

National Assembly discusses managing citizen residency via ID numbers
National Assembly discusses managing citizen residency via ID numbers
POLITICSicon  13/05/2020 

Members of the National Assembly (NA) Committee of Legal Affairs on Tuesday agreed on managing citizen residency via 12-digit personal identification numbers updated on the national online database.

President Ho Chi Minh’s thoughts on int’l solidarity
President Ho Chi Minh’s thoughts on int’l solidarity
PHOTOSicon  14/05/2020 

Throughout his revolutionary life dedicated to national liberation and human liberation, President Ho Chi Minh confirmed the message of international friendship and solidarity.

Ho Chi Minh – a role model in practice of Patriotic Emulation
Ho Chi Minh – a role model in practice of Patriotic Emulation
PHOTOSicon  13/05/2020 

On June 11, 1948, President Ho Chi Minh issued an appeal for patriotic emulation.

Quang Ngai fishermen protecting national sovereignty
Quang Ngai fishermen protecting national sovereignty
MARITIME SOVEREIGNTYicon  13/05/2020 

Despite unruly actions by China in the East Sea, many Quang Ngai fishing vessels still head out to the Hoang Sa (Paracel) and Truong Sa (Spratly) Archipelagos to fish on traditional fishing grounds, asserting their sovereignty over the seas.

Public services on national portal to support 4 million people
Public services on national portal to support 4 million people
POLITICSicon  13/05/2020 

Six public services to assist people and enterprises affected by the COVID-19 pandemic were launched on the national public service portal on May 12, according to the Government Office.

Vietnam’s COVID-19 crisis response can increase opportunities for the country to emerge as a leader at regional and global levels
Vietnam’s COVID-19 crisis response can increase opportunities for the country to emerge as a leader at regional and global levels
POLITICSicon  13/05/2020 

In addition to carrying out its significant and important responsibilities as a Non-Permanent Member of the United Nations (UN) Security Council for the 2020-21 period and as the ASEAN Chair in 2020, Vietnam has, so far, done remarkably well

Party leader outlines key tasks for 12th plenum of Party Central Committee
Party leader outlines key tasks for 12th plenum of Party Central Committee
POLITICSicon  12/05/2020 

Party General Secretary and President Nguyen Phu Trong has asked members of the Party Central Committee (PCC) to uphold their responsibility and objectivity in addressing issues discussed at the 12th PCC plenum, especially personnel work.

ASEAN countries prove effective cooperation in curbing COVID-19: Deputy Defence Minister
ASEAN countries prove effective cooperation in curbing COVID-19: Deputy Defence Minister
POLITICSicon  12/05/2020 

ASEAN entered 2020 with a lot of difficulties due to the COVID-19 pandemic but the initial success in curbing the spread of the disease in the region has proved effective intra-regional cooperation, 

Ministry: China’s suspension of fishing in Vietnam’s waters meaningless
Ministry: China’s suspension of fishing in Vietnam’s waters meaningless
MARITIME SOVEREIGNTYicon  12/05/2020 

The Ministry of Agriculture and Rural Development on May 11 said that China’s suspension of fishing in waters within Vietnam’s sovereignty in the East Sea carries no weight whatsoever.

Responsibility of nominators key to personnel work
Responsibility of nominators key to personnel work
POLITICSicon  12/05/2020 

The nomination of persons with both talents and ethics to leadership and management positions of the Party and the State is a crucial and decisive task for the country's sustainable development.

IS regional leader Sheikh Khorasani 'arrested in Afghanistan'
IS regional leader Sheikh Khorasani 'arrested in Afghanistan'
POLITICSicon  12/05/2020 

Sheikh Omar Khorasani is reportedly captured with two other IS leaders in a special operation in Kabul.

VN National Assembly to ratify EVFTA shortly
VN National Assembly to ratify EVFTA shortly
POLITICSicon  12/05/2020 

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to be ratified by the National Assembly (NA) on May 20, the first day of the 14th NA’s ninth session, according to the Ministry of Industry and Trade (MoIT).

White House staff ordered to wear masks
White House staff ordered to wear masks
POLITICSicon  12/05/2020 

President Trump takes questions on testing after White House staff test positive for coronavirus.

Party leader outlines key tasks for 12th plenum of Party Central Committee
Party leader outlines key tasks for 12th plenum of Party Central Committee
POLITICSicon  11/05/2020 

Party General Secretary and State President Nguyen Phu Trong has required members of the Party Central Committee (PCC) to uphold their sense of responsibility and objectivity

Party Central Committee convenes 12th plenum
Party Central Committee convenes 12th plenum
POLITICSicon  11/05/2020 

The 12th plenum of the Party Central Committee, 12th tenure, opened in Hanoi on May 11 under the chair of Party General Secretary and President Nguyen Phu Trong.

PM Phuc tells Vietnam to restart the economy
PM Phuc tells Vietnam to restart the economy
POLITICSicon  10/05/2020 

An online dialogue between Prime Minister Nguyen Xuan Phuc and the business community took place on May 9, aiming to address businesses’ concerns, boost production and restart the economy in response to the COVID-19 pandemic.

President Ho Chi Minh during French resistance war
President Ho Chi Minh during French resistance war
YOUR VIETNAMicon  09/05/2020 

Historical evidence proved that the Vietnamese revolution under the leadership of the VN Communist Party and President Ho Chi Minh is a decisive factor in the victory of the national resistance war against the French invaders during 1946-1954.

Deputy PM attends UNSC video meeting celebrating end of World War II
Deputy PM attends UNSC video meeting celebrating end of World War II
POLITICSicon  09/05/2020 

Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh on May 8 attended the United Nations Security Council’s high-level video meeting

 
 
 
Leave your comment on an article

OR QUICK LOGIN