(VOVworld)- National Assembly deputies discussed the revisions to 49 articles and the elimination of 29 articles in the current Investment Law. Under the draft revisions, the Chapter on investment using state funding is eliminated, procedures on investment in Vietnam and overseas have been changed, and certificates on investment registration abandoned. However, investors can apply for the certificates to settle customs procedures. Tran Du Lich is a deputy from Ho Chi Minh City: “The revised Investment Law should include incentives to promote investments. It is necessary to differentiate the two parts: support and preferences. The revised Law also needs to take into consideration the investment flow into and out of Vietnam. In regard to non-legal and personal status types, it is necessary to tighten the regulations on land, credit and capital resources to ensure that state funding resources are allocated effectively”.