The Government asked the State Bank to promote credit growth and lower interest rates.

The Government Office has just issued Notice No. 332 on the conclusions of the Government Standing Committee at the meeting on major tasks and solutions to stabilize the macro-economy, control inflation, promote growth and ensure major balances of the economy in the last months of 2023.

Regarding monetary policy, the State Bank researches and promotes the spirit of openness, listens to opinions and feedback from businesses and people to promptly have timely and effective solutions to promote credit growth and enhance access to credit capital for businesses and people;

Continue to direct commercial banks to reduce costs, promote digital transformation..., strive to continue to lower lending interest rates, create favorable conditions for people and businesses in the spirit of community responsibility, join hands to overcome difficulties, "harmonize benefits, share risks".

Urgently review, consider amending and supplementing the Circulars of the State Bank of Vietnam according to its authority to promptly remove difficulties and support production and business activities; at the same time, strengthen inspection, supervision, control, prevention and handling of negative behaviors, corruption and group interests.

Finance - Banking - The Government requests the State Bank to promote credit growth and lower loan interest rates — The Government requires the State Bank to promote credit growth and enhance access to credit capital for businesses and people.

Regarding fiscal policy, the Ministry of Finance assesses the implementation of policies on tax, fee, charge exemption, and extension in the past time. On that basis, it proactively studies, promptly proposes, and reports to competent authorities on policies on exemption, reduction, and extension that need to be applied in the coming time.

There are feasible solutions to thoroughly and effectively handle the issue of corporate bonds; further accelerate the refund of value-added tax to enterprises according to the provisions of law; and effectively carry out policy communication work.

Regarding land policy, the Government Standing Committee assigned the Ministry of Natural Resources and Environment to proactively work and closely coordinate with the National Assembly agencies in the process of completing the Land Law Project (amended) to submit to the National Assembly for promulgation at the 6th session;

Urgently issue, according to authority, or submit to competent authorities for issuance, documents regulating land price determination, regulations related to minerals and construction materials, ensuring clarity, publicity, transparency and consistency in implementation.

The Government Standing Committee also requested the Ministries of Construction, Natural Resources and Environment, Labor - Invalids and Social Affairs, and Science and Technology, according to their assigned functions and tasks, to preside over and coordinate with the Ministry of Finance and relevant agencies to urgently research and report to competent authorities in August 2023 on the establishment of trading floors for real estate, land, employment, science and technology, carbon credits, etc., ensuring the promotion of digital transformation, publicity, transparency, and promoting safe, healthy, effective, and sustainable market development.

The Ministry of Home Affairs urgently completes and submits to the Government for promulgation regulations to protect those who dare to think, dare to do, dare to take responsibility for the common good, and regulations on encouraging, motivating and disciplining officials.

Require Ministers and Heads of ministerial-level agencies to directly take charge, direct and be responsible for the work of institution building and administrative procedure reform of the Ministry and agency; establish a Working Group to review and reform administrative procedures of the Ministry and agency, ensuring substance and effectiveness in accordance with the direction of the Government and Prime Minister .

Thu Huong

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