The Prime Minister requests Ministries, agencies, and localities to resolutely and effectively implement the tasks and key solutions to promote socio-economic development.
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The Directive clearly states: The socio-economic situation of our country in the first three months of 2024 continued to recover positively, achieving many encouraging results, creating an important premise for striving to successfully complete the goals and indicators of socio-economic development for the entire year of 2024.
However, as a developing country with an economy in transition and high openness, our country is facing a number of difficulties and challenges, especially external factors. Domestically, the exchange rate and inflationary pressures tend to increase; production and business activities in a number of industries and sectors are still facing difficulties; financial and monetary markets need to be closely monitored and appropriate solutions need to be found to avoid affecting the effectiveness of capital supply for the economy…
To overcome the above-mentioned shortcomings and limitations, and contribute to the consistent implementation of the priority orientation of promoting growth while stabilizing the macroeconomy, controlling inflation, and ensuring the major balances of the economy, with a focus on social security; taking full advantage of opportunities and favorable conditions, quickly removing arising difficulties and obstacles, making efforts to overcome challenges to achieve the highest and best results, strive to achieve and surpass the targets and indicators in 2024, especially the indicators on growth and inflation control; The Prime Minister requests that the Ministers, Heads of ministerial-level agencies, agencies under the Government, other agencies at the central level, Chairmen of the People’s Committees of provinces and centrally-run cities (hereinafter referred to as Ministries, agencies, and localities) based on their assigned functions, tasks, and authority resolutely and effectively implement the Resolutions and Conclusions of the Central Committee, the Politburo, the National Assembly, the Government, and the Prime Minister, focusing on the following tasks and solutions:
Continuing to promote growth associated with stabilizing the macroeconomy, controlling inflation, and ensuring the major balances of the economy
The Prime Minister requests that ministries, agencies, and localities closely monitor the developments of the international and regional situation, and the adjustment of policies by major economies and partners, especially policies on monetary, fiscal, trade, investment, etc. Grasp the market situation, supply and demand, and prices of commodities to develop appropriate and effective solutions to stabilize the market and prices, especially for gasoline, oil, essential goods, housing, and food.
The Ministry of Planning and Investment shall proactively analyze, forecast, timely update, and advise the Government and the Prime Minister on appropriate approaches, scenarios for direction and management to promote growth while maintaining macroeconomic stability, controlling inflation, ensuring the major balances of the economy, and supporting the production and business activities of enterprises and people.
Focus on promoting and attracting large-scale FDI projects with high technology, especially in the development of digital economy, green economy, circular economy, and industries such as manufacturing, electronics, semiconductors, and Hydrogen.
The Ministry of Finance shall strengthen financial discipline and order, resolutely implement digital transformation, and regulations on electronic invoices, especially promoting the application of digital transformation in revenue and expenditure management, improving the effectiveness and efficiency of state budget revenue and expenditure management; ensuring accurate, sufficient, and timely revenue collection, expanding the tax base, and preventing tax evasion, especially for food and beverage businesses, restaurants, e-commerce, businesses operating on cross-border platforms, etc.; resolutely and decisively cut regular expenditures and non-urgent spending tasks.
Promote and control the sound, safe, and effective development of financial markets, securities markets, and corporate bonds; promptly detect and strictly handle violations. Urgently implement necessary measures to upgrade Vietnam’s stock market from frontier market to emerging market in 2024.
The State Bank of Vietnam shall conduct timely, flexible, harmonious, and reasonable management of interest rates and exchange rates in accordance with market conditions, macroeconomic developments, and monetary policy objectives. Strictly implement the regulations in Decree No. 24/2012/ND-CP on the management of gold trading activities; proactively and effectively implement timely solutions and intervention tools to manage the domestic gold market to ensure a healthy and competitive gold market, stable, transparent, and efficient operations; strictly manage and control transactions in the market, promptly and effectively address the high gap between domestic and international gold bar prices. Inspect, examine, and strictly handle negative cases, smuggling, and gold price inflation. At the same time, timely and effectively regulate and meet the foreign currency needs of enterprises and people.
Promoting public investment disbursement, taking public investment as a driving force, activating, and attracting all social resources
The Prime Minister requests that ministries, agencies, and localities urgently allocate detailed plans for the state budget investment capital in 2024 in accordance with regulations, avoiding further delays, ensuring focus and priority, no dispersal, in accordance with the capacity of implementation, disbursement, and legal regulations on public investment.
Resolutely clear land, disburse public investment capital, promote the construction progress of key projects and works, accelerate the implementation of national target programs in the spirit of taking public investment as a driving force, activating, and attracting all social resources.
Strengthen discipline and order in public investment capital disbursement, with strict sanctions in accordance with regulations for organizations and individuals who intentionally delay project capital allocation, implementation, and disbursement.
The Ministry of Planning and Investment shall periodically report to the Government and the Prime Minister on the situation, results, and propose appropriate solutions to promote the disbursement of public investment capital, national target programs, and ODA capital.
The Ministry of Finance shall direct the acceleration of settlement, payment, and expenditure control in order to simplify, shorten the time, and streamline the procedures for public investment capital disbursement; promote the application of digital transformation and payment through the State Treasury’s online public services.
The Ministry of Natural Resources and Environment shall continue to monitor, promptly guide, and immediately remove difficulties and obstacles related to the exploitation of construction materials, ensuring sufficient supply of construction materials for key traffic works, especially in the Mekong Delta region and the southern provinces.
Economic corporations and state-owned corporations shall focus on reforming governance, strengthening research and development, reducing costs, and improving operational efficiency; at the same time, promoting investment development, especially in large-scale, effective, and high-impact projects.
Developing the domestic market, expanding and diversifying export markets, and diversifying supply chains
Ministries, agencies, and localities shall focus on developing the domestic market, strengthening trade promotion, stimulating consumer demand in the area, actively responding to the campaign “Vietnamese people prioritize using Vietnamese goods”; promote the distribution of goods through digital platforms and e-commerce.
At the same time, urgently implement solutions to boost exports, especially to large and potential markets, and make effective use of signed trade agreements and agreements.
The Ministry of Industry and Trade shall take the lead in coordinating with the Ministry of Foreign Affairs and relevant ministries and agencies to support businesses in effectively utilizing the commitments in signed FTAs; promote negotiation and signing of new FTAs. Provide timely information to businesses on adjustments to policies and regulations of countries on the export and import of goods, especially key agricultural products such as rice, coffee, etc.
Stepping up the reduction and simplification of administrative procedures, creating a favorable investment and business environment, continuing to remove difficulties in production and business, creating jobs and livelihoods for people
The Prime Minister requests that ministries, agencies, and localities tighten administrative discipline and order, and improve the effectiveness and efficiency of direction and management.
Focus on promptly handling and resolving difficulties and obstacles, especially in terms of incentives, legal procedures, land, infrastructure, and human resources to strengthen the attraction of social investment, investment in the form of public-private partnership, and selective attraction of foreign investment.
The Ministry of Finance shall urgently study and propose to the Government and the Prime Minister in May 2024 the extension of tax filing deadlines, reduction of registration fees for domestically manufactured and assembled automobiles, and reduction of land and water surface rent.
The Ministry of Industry and Trade shall proactively take measures within its authority and regulations to ensure sufficient supply of electricity, gasoline, and oil for production, business, and consumption of people and businesses, absolutely avoid power shortages, shortages, and disruption of gasoline and oil supply in all situations.
The Ministry of Agriculture and Rural Development is assigned to proactively direct and guide localities in implementing specific solutions to prevent and combat drought, water shortages, saltwater intrusion, and limit the impact on agricultural production and people’s lives. Continue to take the lead in coordinating with related agencies and coastal localities to
