Expedite the disbursement of public investment funds and tax refunds for businesses.

SGGP August 19, 2023 06:26

The Government Office has just issued Notice No. 332/TB-VPCP summarizing the conclusions of the Standing Committee of the Government at the meeting on major tasks and solutions to stabilize the macroeconomy, control inflation, promote growth, and ensure major economic balances in the remaining months of 2023.

Regarding future tasks and solutions, the Standing Committee of the Government noted that, concerning monetary policy, the State Bank of Vietnam should urgently implement timely and effective solutions to promote credit growth, continue directing commercial banks to reduce costs, accelerate digital transformation... and strive to further lower lending interest rates, creating favorable conditions for people and businesses.

Regarding fiscal policy, the Ministry of Finance assesses the implementation of policies on tax, fee, and land rent exemptions, reductions, and extensions over the past period; based on this, it will proactively research and promptly propose and report to competent authorities on exemption, reduction, and extension policies that need to be applied in the future.

There are feasible solutions to definitively and effectively address the issue of corporate bonds; and to further expedite the refund of value-added tax for businesses in accordance with the law.

Prime Minister Pham Minh Chinh has just signed a directive requesting ministries, sectors, and localities to accelerate the disbursement of public investment funds in the remaining months of 2023.

The official dispatch stated that the disbursement rate of public investment capital in the first seven months of the year is estimated at 37.85% of the plan assigned by the Prime Minister, higher than the same period in 2022 (34.47%).

In the remaining months of 2023, all levels and sectors need to decisively direct and resolve difficulties and obstacles for projects to further accelerate the disbursement of public investment capital, striving to disburse over 95% of the state budget's public investment capital for 2023 as assigned by the Prime Minister.

Source: https://www.sggp.org.vn/day-nhanh-giai-ngan-dau-tu-cong-hoan-thue-cho-doanh-nghiep-post702180.html