The Government has directed the market stability for the end of 2016

VCN- Ensuring pricing stability and bank liquidity, not increasing the price of electricity, and health service charges in the last 2 months of 2016, continuously reducing the BOT charge, and strictly handling inflation and abuse of health insurance, etc all are important contents in the Government Resolution at the regular conference in October, 2016.
the government has directed the market stability for the end of 2016 New policies to speed up state divestment present opportunities for investors
the government has directed the market stability for the end of 2016 Medium-term financial plan promotes the effectiveness of revenues and expenditures management
the government has directed the market stability for the end of 2016 The Government regulates the amount of registration fees
the government has directed the market stability for the end of 2016
The Government has requested to focus on the tasks of improvement of business environment and competitiveness of enterprises. Source: Internet.

Improve business environment

Specifically, the Government has requested Ministries, agencies, and localities to focus on performing tasks of improvement of the business environment and the competitive capacity of enterprises. In which, review each criteria and index promulgated by the World Bank and the International Economic Forum in 2016; release a specific plan and solution to improve the ranking in 2017, and report to the Prime Minister and concurrently submit to the Ministry of Planning and Investment. Assign the Ministry of Planning and Investment to summarize and report to the Prime Minister in November 2016.

The State Bank should actively regulate currency policy to create favorable conditions to release a reasonable interest rate. Closely control the credit quality, bad banks, keep track of bad debts, and ensure the stability of the exchange rate and liquidity of the bank system, especially at end of the year. Control basic inflation in order to control general inflation.

In addition, The Ministry of Planning and Investment has collaborated with Ministries, Agencies and Localities to develop a draft of a Government Resolution on tasks and solutions to implement the socio-economic development plan and the estimate of the State Budget in 2017 to submit to the Government at the Conference with localities to be held in December.

To summarize and report to the Prime Minister the expected allocation solution of the State budget in 2016 of Ministries and agencies, localities with late disbursement to September 30th, 2016; It is determined not to allocate the capital plan in 2017 for projects until the end of September, 2016, disburse under 30% of capital plan in 2016, unless objective reasons; submit to the Prime Minster assigning the plan of public investment capital in 2017 for ministries, central agencies and localities in right time.

This Ministry also needs to complete the Project of economic reconstruction for the period of 2016 - 2020 after being approved by the National Assembly. Submit to the Prime Minister the Project of public investment reconstruction in January, 2017

Pricing Stability

The Government has asked the Ministry of Finance to enhance inspections to prevent the loss of State budget collection; actively encourage and expand tax agencies and recover tax debts; and strictly control the declaration of taxable price. Radically save the budget expenditure, especially recurrent expenditure and use of public property. The Ministry of Finance must also cooperate with the specialized managing ministries to keep a close track of price of essential goods to release appropriate solutions, to control inflation in the scope assigned by the National Assembly, not to increase the electricity price, and health service charges in the last 2 months of 2016 and enhance anti-smuggling and control of commercial fraud by the end of 2016.

The Ministry of Industry and Trade should closely monitor the domestic and global market performance; encourage trade promotion, seek and expand the export market; implement solutions to ensure essential goods in order to prevent the lack of goods, increase of price in the end of 2016 and the Lunar New Year, cooperate with localities to carry out a pricing stability program.

The Government has asked the Ministry of Transport to cooperate with the Ministry of Finance to continuously direct the reduction of BOT charge in 19 tolls in 2016.

The Ministry of Agriculture and Rural Development has collaborated with the Ministry of Industry and Trade to open an inspection and handling of fake plant protection products, and fertilizers.

Also in this Resolution, the Government has asked the Ministry of Health to focus on epidemic prevention, especially seasonal epidemics with high risk of spread. Strictly implement the universal health insurance on schedule; strengthen the inspection, supervision and strictly handle the abuse of health insurance in health examinations and treatment.

Enhance the Inspection of the implementation of public investment plan

On the report of the implementation of Resolution 60/NQ-CP of the Government dated July, 8th, 2016 regarding the tasks and key measures to accelerate the implementation and disbursement of public investment capital plan in 2016, the Government has asked the Ministry of Finance to report to the Prime Minister and concurrently report to the Ministry of Planning and Investment before November 10th, 2016 the disbursement in detail of the State budget and Government Bonds in 2016 until September, 30th, 2016, review and summarize and report to the Prime Minister the disbursement data of the foreign capital plan in 2016 of ministries, central agencies and localities.

The ministries, central agencies and localities continue to closely monitor the disbursement of the capital plan in 2016 for projects, strictly implement the reporting regime on the implementation and disbursement of public investment plan in 2016 in the deadline as described.

the government has directed the market stability for the end of 2016 The administrative and service delivery units will declare and pay taxes electronically from August

VCN- The General Department of Taxation has made upgrading the electronic application system for the tax declaration ...

The ministries, agencies and localities which are allocated additional capital in the plan in 2016, promptly deploy and disburse the additional capital to speed up growth.

By Huong Diu/ Huyen Trang

Related News

32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.

Latest News

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.
Việt Nam, US hold 12th political, security, defence dialogue

Việt Nam, US hold 12th political, security, defence dialogue

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.

More News

Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

The State visit to Vietnam by Australian Governor-General David Hurley at an invitation of President Vo Van Thuong will deepen the goodwill and trust for the mutual benefit of both countries, said Dr Suiwah Leung, Honourary Associate Professor at the Australian National University’s Crawford School of Public Policy.
Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam"s economy to grow by 6.6% this year: OECD

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).
Bright outlook for Vietnamese tourism in new situation

Bright outlook for Vietnamese tourism in new situation

Vietnam’s tourism holds a lot of potential for development, especially in the context of new favourable factors, according to an article published on the website of Lianhe Zaobao newspaper.
Vietnam, US hold 12th Political, Security, Defence Dialogue

Vietnam, US hold 12th Political, Security, Defence Dialogue

The 12th Vietnam-US Political, Security and Defence Dialogue was held in Washington D.C on March 30 under the co-chair of Vietnamese Deputy Minister of Foreign Affairs Ha Kim Ngoc and US Assistant Secretary of State for Political-Military Affairs Jessica Lewis.
Vietnam calls for comprehensive, all-society approach to waste management

Vietnam calls for comprehensive, all-society approach to waste management

Minister Counselor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the United Nations, has called for a comprehensive and all-society approach to sustainable waste management.
Many factors support foreign capital flow

Many factors support foreign capital flow

Many factors are expected to draw cash flow back to the stock market, especially that from foreign investors.
Foreign SMEs pour capital into Vietnam

Foreign SMEs pour capital into Vietnam

Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year.
Leaders of aviation firms to be disciplined if employees committed wrongdoings

Leaders of aviation firms to be disciplined if employees committed wrongdoings

The Civil Aviation Administration of Vietnam (CAAV) has just released Directive 1480 on enhancing smuggling and commercial fraud prevention among aviation employees.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General wraps up State visit to Vietnam

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.
Vietnam active at UN Human Rights Council’s 52nd session

Vietnam active at UN Human Rights Council’s 52nd session

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.
Việt Nam, US hold 12th political, security, defence dialogue

Việt Nam, US hold 12th political, security, defence dialogue

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.
Private sector remains driving force for economy

Private sector remains driving force for economy

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.
Mobile Version