Prime Minister Pham Minh Chinh has just signed Directive No. 12 on key tasks and solutions to boost socio-economic development.
The Directive states that as a developing country with an economy in transition and high openness, Vietnam is facing a number of difficulties and challenges, especially external factors. Domestically, exchange rate issues, inflationary pressure tend to increase; production and business activities in some industries and fields are still facing difficulties…
Promoting the disbursement of a credit package of VND 120,000 billion
To overcome the above shortcomings and limitations, the Prime Minister requested the Ministry of Planning and Investment to actively analyze, forecast, and promptly update plans and scenarios for directing and operating appropriately in order to promote growth with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy, supporting production and business activities of enterprises and people.
The Prime Minister requested to immediately and effectively address the high disparity in gold bar prices between domestic and international markets.
The Ministry of Finance promotes and controls the healthy, safe and effective development of financial, stock and corporate bond markets; timely detect and strictly handle violations. Urgently implement necessary measures to upgrade the stock market Vietnam from a frontier market to an emerging market in 2024.
The State Bank of Vietnam manages timely, flexibly, harmoniously and reasonably interest rates and exchange rates in accordance with market conditions, macroeconomic developments and monetary policy objectives. Strictly implement the provisions of Decree No. 24/2012/ND-CP on management of gold trading activities, immediately and effectively resolve the issue of the high disparity in gold bar prices between domestic and international markets. Inspect, investigate and strictly handle negative cases, smuggling, and gold price gouging . At the same time, regulate timely and effectively to meet the foreign exchange needs of businesses and people.
The Prime Minister requested that the State Bank of Vietnam direct a reduction in lending interest rates; proactively take measures to manage credit growth, increase access to capital for the economy in an effective, feasible and timely manner; promote the disbursement of a credit package of VND 120 trillion for lending to investors and homebuyers of social housing projects.
No power shortage in all situations
Regarding the disbursement of public investment capital, the Prime Minister requested ministries, agencies, and localities to urgently allocate the detailed plan for investment of state budget capital in 2024 in accordance with regulations, not to continue delays, ensure focus and priority, and avoid spreading thinly.
In addition, resolutely carry out site clearance, disburse public investment capital, promote the construction progress of key projects and works, and accelerate the implementation of national target programs in the spirit of taking public investment as the driving force, stimulating and attracting all social resources.
The Prime Minister requested that there be no power shortage in any situation.
The Ministry of Natural Resources and Environment continues to monitor, timely guide and promptly remove difficulties, obstacles and procedures related to the exploitation of construction material mines, ensuring adequate supply of construction materials for key transport works, especially in the Mekong Delta and southern provinces.
The Prime Minister assigned the Ministry of Finance to urgently study and propose to the Government and the Prime Minister in May 2024 to extend the deadline for tax payment and reduce registration fee for domestically manufactured and assembled automobiles , reduce land and water rental fees.
The Ministry of Industry and Trade shall proactively take measures within its authority and regulations to ensure adequate supply of electricity, gasoline and oil for the production, business and consumption of people and businesses, absolutely no power shortage , shortage or disruption of gasoline and oil supply in all situations.
