HCMC aims to achieve disbursement rate of public investment at above 90 percent
According to Ms. Le Thi Huynh Mai, Director of the Department of Planning and Investment, Ho Chi Minh City
The Government has just issued Resolution 105/NQ-CP on tasks and solutions to remove difficulties for production and business, continue promoting reform of administrative procedures, and tightening discipline.
Urgently propose a credit package of VND 10,000 billion to support businesses.
The goal of the resolution is to reduce costs, increase market access and access capital for businesses and people to quickly restore production and business activities, and strive to achieve the highest results of economic growth; the main goals and targets in 2023 have been set out.
To achieve the above goal, the Government has set out 5 key tasks and solutions, including:
1. Promoting domestic consumption and boosting exports.
2. Accelerate disbursement of public investment capital, promoting investment in the non-state economic sector, and state-owned enterprises, attracting FDI in association with the development of new industrial sectors and fields, innovation, advanced technology and environment-friendly, creating a new growth engine for the economy.
3. Support cash flow, reduce costs and increase access to capital of businesses and people.
4. Accelerate reform of administrative procedures and improve the business investment environment.
5. Tighten administrative discipline and improve the effectiveness and efficiency of direction and administration; resolutely overcome the situation of pushing and evading responsibility in solving work.
In particular, the Government requested the State Bank of Vietnam to assume the prime responsibility for and coordinate with ministries and agencies in administering monetary policy instruments that are proactive, flexible, and loosen appropriately, promptly and effectively.
The purpose is to create liquidity conditions for credit institutions and support stabilizing deposit interest rates in line with the market situation, especially at the end of the year when capital mobilizations with high-interest rates in the market at the last months of 2022, the beginning of 2023 to the payment deadline.
Implement appropriate operating solutions and direct the credit institution system to save operating costs. Strengthening digital transformation, applying information technology to reduce interest rates further, especially reducing lending rates (striving to reduce at least by 1.5-2%) research and applying to with both new and outstanding loans.
Continue to review the credit package of VND 120,000 billion borrowed under the loan program for social housing, worker housing, and renovating and rebuilding old apartment buildings according to Resolution 33/NQ-CP dated March 11, 2023, of the Government with more timely, favorable, open, flexible, feasible and reasonable lending conditions.
Timely and effectively deploying solutions to concentrate credit for priority areas, production and business fields and growth drivers, promptly meeting the capital needs of people and businesses.
Expeditiously propose a credit package of VND 10,000 billion to support enterprises in producing and processing forest and fishery products and appropriate credit packages for other necessary fields.
Will reduce 30% of land rent in 2023
The resolution also states that the Ministry of Finance shall assume the prime responsibility for and coordinate with ministries, agencies and localities in effectively implementing the issued policies on extension and reduction of taxes, fees, charges and land rents.
At the same time, continue to study and propose policies and solutions to support fiscal but not affect the safety of the country's public debt, government debt, and foreign debt associated with the effective use of capital.
Urgently review legal provisions to amend and guide in case of necessity, create favorable conditions, quick and compact procedures for businesses, and ensure the fastest time for the VAT refund.
In July 2023, submit to the Prime Minister for promulgation the Decision to reduce 30% of land rent in 2023 for organizations, units, enterprises, households and individuals being directly leased land by the State's next Decision or Contract or Certificate of land use rights, ownership of houses and other land-attached assets of a competent state agency in the form of the land lease with annual payment.
The Ministry of Industry and Trade will focus on reviewing, guiding and early granting electricity activity permits for eligible renewable energy power projects to put these projects into operation soon.
At the same time, reviewing and completing regulations on electricity purchase and sale, directing the Electricity of Vietnam (EVN) to strengthen coordination, and speeding up the negotiation and unification of temporary electricity prices with renewable energy projects.
