(VOVworld) – The revised Article 170 of the Enterprise Law topped the agenda of Wednesday afternoon’s discussions at the on-going 5^th session of the 13^th National Assembly. The amendments seek to remove the re-registering of foreign-invested companies, enabling them either not to re-register or re-register at the appropriate time.

Some deputies agreed with the amendments, saying the move was necessary amidst the current difficulties facing businesses. They said that the revision would enable foreign-invested enterprises to sustain their operations and encourage those who have not re-registered to expand their investment in Vietnam.  But many deputies insisted that the re-registering process should be completed before the investment license expires. Deputy Nguyen Cong Hong, representing Dong Nai province, said: “The National Assembly can be flexible in revising Article 170. I suggest clarifying deadlines for enterprises whose investment licenses remain valid to re-register. This is to ensure the rule of law”.

On Thursday, the National Assembly deputies are scheduled to discuss the draft law on disaster prevention and mitigation, the draft law on practicing thrift and combating waste as well as the revised draft law on bidding.