Hanoi, June 14 -- The 15th National Assembly (NA) passed the Law on Management and Investment of State Capital in Enterprises and the Law amending and supplementing a number of articles of the Law on Standards and Technical Regulations at its ongoing ninth session on June 14.

The newly adopted Law on Management and Investment of State Capital in Enterprises is expected to reduce around 30% of existing administrative procedures for state-owned enterprises (SOEs), compared to current regulations.

Presenting the explanatory report on the draft law, Chairman of the NA's Economic and Financial Committee Phan Van Mai stated that the law adheres to the principles of decentralisation and delegation of authority, while avoiding undue interferenc...