Continue to remove obstacles for the real estate market
In this Resolution, the Government assigned the State Bank to preside over and coordinate with agencies and localities to closely monitor the situation, operate monetary policy proactively, flexibly, promptly and effectively, closely coordinate and synchronize with fiscal policy and other macroeconomic policies to further prioritize promoting growth associated with maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy and social security.
Managing credit growth to meet capital needs for the economy, directing credit to production, business, and priority sectors.
Urgently complete credit regulations, policies, and lending conditions with more open, convenient, feasible, and reasonable procedures, greatly increasing people's and businesses' access to credit and capital absorption in the economy, contributing to limiting "black credit".
Continue to strive to reduce lending interest rates, monitor the implementation of Circular No. 02 and Circular No. 03 to promptly guide and resolve arising problems (if any).
The Government assigned the Ministry of Construction to coordinate with the State Bank of Vietnam to continue to remove difficulties and promote the safe and healthy development of the real estate market according to Resolution No. 33 of the Government (Photo: Huu Thang).
In particular, there are solutions to continue promoting the disbursement of credit packages of 40,000 billion VND to support interest rates, 120,000 billion VND for social housing loans, and 15,000 billion VND for the forestry and fishery sectors.
Urgently review and adjust the risk coefficients for different real estate segments according to authority; review regulations related to lending and investing in corporate bonds to ensure consistency and compliance with the corporate bond market development policy according to Resolution No. 33 of the Government .
Focus on handling weak commercial banks, report to competent authorities in September 2023. Closely monitor the bad debt situation, ensure the safety of the credit institution system; urgently report to competent authorities in September 2023 the plan to handle Saigon Joint Stock Commercial Bank (SCB), without further delay.
Coordinate with the Ministry of Public Security in using the National Population Database under Project 06 to have appropriate unsecured lending mechanisms and policies, contributing to limiting "black credit".
The Government also assigned the Ministry of Construction to preside over and coordinate with agencies and localities to implement more drastic, strong and specific solutions to remove difficulties and obstacles, promoting the safe, healthy and sustainable development of the real estate market according to Resolution No. 33 of the Government.
Closely coordinate with the State Bank of Vietnam, agencies and localities to effectively implement the Project "Investing in the construction of at least 1 million social housing units for low-income earners and industrial park workers in the period 2021 - 2030" and the credit package of 120,000 billion VND.
Radically cut expenses
The Government assigned the Ministry of Finance to preside over and coordinate with agencies and localities to strengthen discipline in state financial and budget management; strictly manage revenue sources; thoroughly cut down on expenditures, especially regular expenditures and non-urgent expenditures.
The Government requires drastic cuts in expenditures, especially regular expenditures and non-urgent expenditures.
Focus on effectively implementing and evaluating the implementation of policies on tax, fee, charge and land rent exemption, reduction and extension in the past time, especially the policy of reducing value added tax by 2%; on that basis, proactively research, promptly propose and report to competent authorities on policies on exemption, reduction and extension that need to be applied in the coming time.
Urgently propose to the Prime Minister to assign additional development investment expenditure estimates from increased revenue, cuts, and savings of the central budget in 2021 to implement 3 expressway construction projects: Khanh Hoa - Buon Ma Thuot, Bien Hoa - Vung Tau, Chau Doc - Can Tho - Soc Trang according to Resolution No. 521 of the National Assembly Standing Committee .
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