Regular Government press conference October 2023

Minister and Chairman of the Government Office Tran Van Son: The socio-economic situation in October and the first 10 months of 2023 continued to show a positive recovery trend. Photo: VGP/Nhat Bac

Socio-economic situation in October and 10 months of 2023 continues positive recovery trend

Speaking at the press conference, Minister and Chairman of the Government Office Tran Van Son said: Today, November 4, Prime Minister Pham Minh Chinh chaired the regular Government meeting in October 2023, a month with many important economic, political and social events, especially the 8th Central Conference, 6th Session, 15th National Assembly.

At the meeting, the Government focused on discussing: the socio-economic situation in October and the first 10 months of 2023 and a number of other important contents, proposing key and breakthrough solutions in the coming time with the theme " Creating substantive changes, promoting administrative procedure reform, removing difficulties for production and business, unblocking resources, promoting growth drivers " ; and in the spirit of " higher determination, greater efforts, more efforts, focusing on key points, effectively solving tasks to continuously improve the material and spiritual life of the people " .

In the context of the international and regional situation continuing to develop rapidly, complicatedly and unpredictably; difficulties and challenges outweigh opportunities and advantages; and increasing risk factors, the Government and the Prime Minister have directed the drastic implementation of the Resolutions and Conclusions of the Central Committee, the Politburo, the National Assembly and the Government, focusing on preparing the best contents and tasks to serve the 8th Central Conference and the 6th Session of the National Assembly; building and perfecting institutions and laws; completing 6 regional Coordination Councils; continuing to deploy the activities of 26 working groups of the Government; actively removing difficulties and obstacles, supporting people and businesses to recover and develop production and business; promptly and effectively handling a large volume of regular and sudden tasks and work, especially urgent issues; gradually resolving long-standing backlog issues; Practically and effectively implement many foreign affairs and international integration activities, sign many international treaties and agreements...

Discussing at the meeting, the Government members unanimously agreed that: in the context of many difficulties and challenges, under the leadership of the Party Central Committee, directly and regularly led by the Politburo and the Secretariat, headed by General Secretary Nguyen Phu Trong, with the participation of the entire political system, the close accompaniment and coordination of the National Assembly, the drastic, synchronous and flexible direction and management of the Government, the consensus and active participation of the business community and people, and the support of international friends, we have focused on implementing the tasks and solutions set out in a focused and key manner. The socio-economic situation in October and the first 10 months continued to show a positive recovery trend, with each month being better than the previous month, each quarter being higher than the previous quarter, and achieving important results in many areas.

Notably: Macroeconomic stability continues to be maintained; inflation is controlled; growth is promoted; major balances of the economy are ensured; public debt, government debt, national foreign debt, and state budget deficit are well controlled.

Domestic inflation was controlled in the context of high global inflation. The average consumer price index (CPI) in the first 10 months increased by 3.2%, much lower than the set target (about 4.5%), creating room for monetary and fiscal policies to promote growth and adjust prices of state-managed goods.

The currency market and exchange rate are basically stable; interest rates have decreased by about 2% compared to the end of 2022.

Energy and food security are ensured (7.1 million tons of rice were exported, with a turnover of nearly 4 billion USD, up 17% in volume and 34.9% in value over the same period). The labor market recovered, and the balance between labor supply and demand was ensured.

State budget revenue in 10 months reached nearly 1.4 million billion VND, equal to 86.3% of the estimate, while tax, fee, and land rent exemption, reduction, and extension was 163.8 trillion VND (of which, exemption and reduction was about 57.3 trillion VND).

Imports and exports continued to increase and were a bright spot. Compared to the same period last year, exports in October increased by 5.9% and imports by 5.2%; in which, exports and imports of the domestic economic sector increased sharply (exports and imports in October of the domestic economic sector increased by 15.1% and 8.5% respectively compared to the same period last year). In total, the trade surplus in the first 10 months was 24.61 billion USD (the same period last year had a trade surplus of 9.56 billion USD).

Agriculture has developed steadily and is a bright spot; agricultural exports in 10 months reached 43.08 billion USD; of which fruits and vegetables reached over 4.9 billion USD, up 78.9%. Industrial production continues to recover positively in the context of declining global demand, and chains also face local disruptions; the industrial production index in October 2023 is estimated to increase by 5.5% compared to September and by 4.1% over the same period; in the first 10 months, it increased by 0.5%.

Trade and service activities were vibrant, maintaining a fairly high growth rate; total retail sales of goods and consumer service revenue in 10 months increased by 9.4% over the same period. International visitors to Vietnam in 10 months reached nearly 10 million, 4.2 times higher than the same period, far exceeding the target of 8 million visitors in 2023.

Development investment continued to achieve positive results, being an important driving force for economic growth. Disbursement of public investment capital in the first 10 months reached nearly 402 trillion VND, equal to 56.74% of the plan, up 5.5% over the same period, an absolute increase of about 104 trillion VND.

Total registered FDI capital reached over 25.76 billion USD, up 14.7% over the same period; total realized FDI capital continued to increase, reaching 18 billion USD in 10 months, up 2.4%. Many large, high-tech companies and corporations came to Vietnam and committed to invest. In October, a contract was signed to implement the Block B Gas-Power Project Chain with an investment scale of 12 billion USD.

Business development continues to be positive. In the first 10 months, 183,600 enterprises entered and re-entered the market (higher than the number of enterprises withdrawing from the market, which was 146,600).

Administrative procedures are focused on being cut, simplified, and decentralized; national digital transformation, Project 06, and online public service provision are promoted.

Cultural and social fields are focused on; social security is ensured; epidemics are controlled (in October we moved COVID-19 from group A to group B); people's lives are improved. Many celebrations and political and social events are organized practically and successfully.

The political and social situation is stable; national defense and security are maintained; social order and safety are basically guaranteed. The work of preventing corruption and negativity continues to be strengthened.

Foreign affairs, international integration, and economic diplomacy are promoted as bright spots and foundations for better attracting FDI, especially for technology investors.

Many international organizations continue to positively assess Vietnam's development prospects.

Regular Government press conference in October 2023. Photo: VGP/Nhat Bac

Strive to achieve the highest targets in 2023 plan

Regarding the direction and tasks for the coming time , after analyzing the international, regional and domestic situations, the Prime Minister clearly stated the requirements: Continue to maintain the general goals set out. That is to stabilize the macro economy, control inflation, promote growth, ensure major balances; well control public debt, government debt, and budget deficit; focus on social security, ensure people's lives; maintain political and social stability; further promote the work of preventing and combating corruption and negativity; consolidate and strengthen national defense, security, and foreign affairs...

The guiding viewpoint is: taking advantage of opportunities and advantages, promoting strengths and achievements, overcoming shortcomings and limitations, on the basis of lessons learned, continuing to strive with high determination, steadfastness, and perseverance towards the set goals; focusing on grasping the situation, responding to policies promptly; directing and operating proactively, flexibly, and effectively; striving to achieve the highest targets of the 2023 plan, creating favorable momentum for 2024.

Regarding the main tasks and solutions, the Prime Minister requested ministries, branches and localities to: Actively and effectively implement the Resolutions and Conclusions of the 8th Central Conference; focus on serving the National Assembly session well, in which closely coordinate with the National Assembly agencies to absorb and complete the draft Laws and Resolutions of the National Assembly on important and urgent issues.

Continue to implement a proactive, flexible, timely, effective monetary policy, in close, synchronous, and harmonious coordination with a reasonable, focused, and key expansionary fiscal policy and other policies.

Continue to prioritize growth. Increase access to and prioritize credit for production, business, and growth drivers (investment, consumption, export). Proactively implement market and price stabilization programs, especially at the end of the year and during the Lunar New Year.

Promote the manufacturing and processing industry, key industries; accelerate the progress of large-scale, high-tech projects with strong spillover effects; proactively implement solutions to ensure energy security (electricity, gasoline). Effectively implement the 1 million hectare high-quality rice project; focus on removing the EU yellow card. Strengthen tourism promotion and attraction.

Review and minimize administrative procedures; promote decentralization and delegation of power; reorganize the apparatus, streamline staff; strengthen the fight against corruption, negativity and waste.

Focus on removing difficulties for production and business; unblocking, mobilizing and effectively using resources. Effectively implementing preferential policies on interest rate exemption and reduction, debt restructuring; exemption, reduction and extension of taxes, fees, charges, land rents, etc.; continuing to review and propose new preferential policies (including continuing to reduce VAT to remove difficulties for production and business).

Accelerate disbursement of public investment capital, Recovery Program, 03 National Target Programs (striving to disburse at least 95% of the capital plan in 2023). Speed ​​up planning approval. Actively recover and develop corporate bond and real estate markets.

Focus on cultural and social fields; do a good job of social security, ensure people's lives, especially during Tet in the spirit of "leaving no one behind". Prepare essential goods well, especially at the end of the year and during Tet.

Solve the problem of medicine, equipment, medical supplies, some projects and hospitals that have lasted for many years; the local shortage of teachers, limitations and inadequacies in general education programs and textbooks.

Be proactive and ready to deploy rescue work, promptly support people to overcome the consequences of natural disasters, storms, floods, landslides, riverbank and coastal erosion, and stabilize their lives.

Strengthen national defense and security; maintain social order and safety; promote foreign affairs and enhance information and propaganda work to create social consensus.

From the above-mentioned groups of tasks and solutions, Prime Minister Pham Minh Chinh assigned specific tasks to ministries, branches and localities. He requested that the Ministers, Heads of branches, Chairmen of People's Committees of provinces and cities, according to their functions, tasks and powers, focus on leadership and direction with higher determination, greater efforts, further promote the role of the leader, and strive to achieve the highest results in the assigned goals and tasks.

Deputy Minister of Finance Nguyen Duc Chi: Market size and liquidity have grown. Photo: VGP/Nhat Bac

Market size and liquidity have grown

Reporter Ky Thanh, Investment Newspaper: I would like to ask Deputy Minister Nguyen Duc Chi to share with the Ministry of Finance about the current situation of the corporate bond market and whether the launch of a private bond trading floor will help the market improve or not?

Deputy Minister of Finance Nguyen Duc Chi: Regarding the first content that journalist Ky Thanh and Investment Newspaper raised, I would like to share this, about the bond market and the operation of the individual bond market concentrated at the Hanoi Stock Exchange.

Regarding the situation of the private bond market in the first 10 months of the year, by the end of October, we have compiled that 70 enterprises have tested the issuance of private corporate bonds with a volume of 180.4 trillion VND.

In addition, enterprises have previously issued and repurchased 190.7 trillion VND before maturity, and a very noteworthy point is that since Decree 08/2023/ND-CP of the Government took effect on March 5, 2023, until the end of October, the issuance volume was 179.5 trillion VND. This is issuance and repurchase, after Decree 08/2023/ND-CP was issued and by the end of October, the issuance volume was the same.

Another point to share is that in the primary market, that is, when a business issues, institutional investors account for over 95% and individual investors only account for about 5% who participate in buying privately issued corporate bonds.

The maturity volume from now until the end of the year is 61.6 trillion VND for bonds that businesses have issued.

Regarding the situation of trading individual corporate bonds on the centralized trading system, after more than 3 months of operation, the Hanoi Stock Exchange has coordinated with members as well as businesses to safely and smoothly operate this trading system.

The market size and liquidity have grown. As of October 31, the market has received and put into trading 451 bond codes of 114 enterprises with a registered trading value of about VND 336,768 billion.

Regarding transaction scale, by the end of the trading session on October 31, 2023, the total transaction value of the whole market reached 49,392 billion VND, with an average transaction value of 676.6 billion VND/session.

In October alone, the total market value reached 29,292 billion VND, with an average transaction value of about 1,331 billion VND/session.

By the end of October, there were only 451 bond codes of 114 enterprises registered to trade on this market and there are also many bond codes of enterprises that have issued but have not registered.

The Ministry of Finance has directed the State Securities Commission, the Vietnam Stock Exchange and the Hanoi Stock Exchange to conduct supervision and inspection and will strictly handle according to the law if enterprises have issued bonds without registering for trading on this system according to the law.

Deputy Minister of Education and Training Hoang Minh Son: There has been no case of reference books brought into schools containing inappropriate content. Photo: VGP/Nhat Bac

There has been no case of reference books brought into schools containing inappropriate content.

Reporter Hoang Le, VOV Online Newspaper: Deputy Minister Hoang Minh Son, please tell us how the management of reference books and children's books is being implemented to avoid inappropriate content. Recently, images of children's books with data descriptions in textbooks have been circulating on social networks, causing negative public opinion. This has forced the Ministry of Education and Training to request relevant agencies to intervene to clarify this information. So what measures has the Ministry taken to manage this issue?

Deputy Minister of Education and Training Hoang Minh Son: Regarding textbooks, the Ministry of Education and Training has very strict regulations from standards, procedures to appraisal and selection for use. For reference books and books for children, the scope is very wide.

There are two issues here. One is, regarding publishing and circulation, reference books and children's books are published by publishers, and the Ministry of Information and Communications is responsible for state management. Regarding publishing, publishers are responsible for the content.

Second, the Ministry of Education and Training recognizes that it is necessary to have regulations to strengthen the state's management responsibility in using these books in schools, general schools, preschools, and continuing education schools to limit inappropriate content in reference books and books for children in school education.

Since 2014, the Ministry of Education and Training has issued a Circular on the use and management of reference books in schools. It clearly stipulates the conditions, requirements, and responsibilities of teachers, schools, the Department of Education and Training, and the Department of Education and Training in managing the use of content that, if any, is brought into the school, brought into the school library, as well as books that, if parents want to use, the school will advise them to use.

The standards and conditions are clearly stated here, especially the responsibilities of the school and the Department of Education and Training in inspection and examination. If there are any inappropriate contents, the use of those books will be stopped.

We have not found any cases of reference books brought into schools containing inappropriate content.

Recently, there have been some phenomena, and this is not the first time, some social media accounts, newspapers… have taken pictures of parts of books somewhere on the market, either intentionally or unintentionally, to make people misunderstand that this is the content of textbooks. This is very dangerous, with a very negative impact on the entire education system.

We suggest that you, reporters, pay attention to this. There is a lot of news about the education sector, but it needs to be clearly verified, clearly identified where it is, and whose responsibility it is.

We would like to inform you very clearly that the responsibility related to circulation and publication belongs to the Ministry of Information and Communications. As for the Ministry of Education and Training, according to its authority, it has issued a circular regulating this issue.

Thanh Buoi bus company case: Is there tax evasion of hundreds of billions of dong, lax management?

Reporter Mai Thu, Thanh Nien Newspaper: Firstly, many newspapers have written articles related to the illegal bus and bus station of Thanh Buoi in recent times. Recently, Thanh Buoi caused an accident that killed 5 people and injured many others, the driver had his license revoked, public opinion has raised the question of why Thanh Buoi bus company's violations were so blatant and brazen for so many years without being handled?

Is it true that management agencies and state management agencies such as the Department of Transport of Ho Chi Minh City and Lam Dong have loosened management to allow this bus company to blatantly violate the law?

Second, the press has investigated and reported on Thanh Buoi bus company's tax evasion. So has Thanh Buoi evaded hundreds of billions of dong in taxes over the years? Who is responsible for this issue and can the tax losses be recovered?

Third, the Prime Minister issued Official Dispatch No. 902 requesting clarification of the responsibilities of Thanh Buoi bus company and related units to prevent similar accidents from happening. So how have the Ministry of Public Security and the Ministry of Transport implemented Official Dispatch 902 so far?

Deputy Minister Nguyen Duc Chi: The Ministry of Finance has directed the General Department of Taxation and relevant tax departments to closely coordinate with the police to clarify and determine the responsibilities of Thanh Buoi Company as well as related subjects in tax evasion. Photo: VGP/Nhat Bac

Thanh Buoi Company's tax records have been transferred to the police for investigation.

Deputy Minister of Finance Nguyen Duc Chi: Thanh Buoi Company, its main business is passenger and cargo transportation, operating on main routes from Ho Chi Minh City to Lam Dong and vice versa, from Lam Dong to Can Tho and vice versa. This company has two branches in Da Lat city, Lam Dong province and Thanh Buoi branch in Phan Thiet city, Binh Thuan province.

At the Ho Chi Minh City Tax Department, Thanh Buoi Company declares and pays taxes using the deduction method at the Ho Chi Minh City tax authority, declares VAT and personal income tax in Lam Dong for the operations of the Lam Dong branch. The company will register to use electronic invoices from July 15, 2022.

Recently, through synthesis and supervision, the company has had many activities to declare, supplement and adjust 24 tax declaration dossiers of many value added tax, corporate income tax and personal income tax declaration periods at the Ho Chi Minh City Tax Department for the years 2019, 2020, 2021 and 2022.

After the additional declaration, the company has incurred taxes to be paid and the company has paid the arising taxes, specifically: Value added tax in 2019 increased by 1 billion 991 million VND (rounded), in 2022 increased to 2 billion 763 million VND (rounded). Income tax in 2019 increased by 8 billion 476 million and in 2020 increased by 3 billion 607 million VND, in 2022 increased by 267 million VND (rounded). From October 10, 2023 to October 31, 2023, the company paid 21 billion 457 million VND to the State budget at the Ho Chi Minh City Tax Department.

Regarding tax management of the company, the tax departments have also conducted 7 inspections and examinations. Of which, the Ho Chi Minh City Tax Department has conducted 4 inspections and the Lam Dong Provincial Tax Department has conducted 3 inspections for the joint ventures from 2013 to 2021. Through inspections and examinations, it was recommended to increase the revenue and payment to the budget by 1 billion 437 million VND due to the declaration behavior leading to a lack of tax payable.

Regarding the issue of whether or not the company violated the law on tax and tax management : Through the implementation of management work, the Ho Chi Minh City Tax Department also discovered that Thanh Buoi Company had signs of paying many employees with larger amounts than the income from salaries and wages that the enterprise had declared and settled personal income tax with the tax authority.

This behavior leads to tax evasion, reducing the tax that should have been paid in reality. Based on relevant regulations, the Ho Chi Minh City Tax Department has also transferred these files to the Ho Chi Minh City Police Department for investigation in accordance with the law.

The Ministry of Finance has also directed the General Department of Taxation and relevant tax departments to closely coordinate with the police to clarify and determine the responsibility of Thanh Buoi Company as well as related subjects in tax evasion.

Deputy Minister Nguyen Danh Huy: Any individual or organization that violates will be punished. Photo: VGP/Nhat Bac

Deal with any individual or organization that violates

Deputy Minister of Transport Nguyen Danh Huy: Regarding the content related to the implementation of the Prime Minister's Official Dispatch No. 902/CD-TTg, how is it? The Ministry of Transport would like to answer as follows: The traffic accident on National Highway 20 is very regrettable and extremely serious. Immediately after the incident, the Prime Minister issued Official Dispatch 902, which focuses on 2 issues.

The first is to overcome the consequences and direct localities to overcome the consequences. The second is to direct the investigation, inspection, examination, and handling of responsibilities of organizations and individuals, including individuals in state management agencies.

Implementing the Prime Minister's direction, the Ministry of Transport has sent a document requesting the People's Committees of the three provinces of Ho Chi Minh City, Lam Dong, and Binh Thuan to immediately inspect the business types and law compliance of Thanh Buoi bus company.

According to the law, this task has been assigned to localities. The Ministry of Transport's viewpoint is to clearly identify and handle any individual or organization that violates the law.

The second issue is that from the Thanh Buoi bus company in the 3 provinces as above, the Ministry of Transport has assigned the Vietnam Road Administration to inspect and examine the state management of the Departments of Transport, not only the 3 provinces and cities but also the Departments of Transport of 63 provinces and cities. From there, to re-determine whether the legal documents on management and business conditions are sufficient, whether the sanctions are strict and deterrent enough.

In December, the Vietnam Road Administration will fully perform the tasks assigned by the Ministry of Transport and will report to the Government. We will also provide information to the press agencies.

The third problem is that we also work closely with localities, especially the investigating agency of the Ministry of Public Security during the investigation process to handle.

Can not see car cars, toad wharves are natural

From the viewpoint of the Ministry of Transport, the wharf car toad is not to take place and must be handled, it cannot be considered as a natural thing.

The recent incident in some provinces and cities and the Ministry of Transport has asked localities to coordinate to review and adjust the regulations to have sanctions on parachute cars, more serious and more deterrent toads, not to recur.

In the Prime Minister's telegram, it is required to review the entire infrastructure to supplement the railing and traffic safety systems to improve the safety of the national highway system nationwide. The ministry is also implementing on reviewing national highways across the country, adding the railing position, the locations of fleeing on the highway to minimize unfortunate accidents.

Lieutenant General To An Xo: The Ho Chi Minh City Police also coordinated with relevant units to clarify the mistake and conducted the search of the headquarters, branches and related locations of Thanh Buoi Company at TPCHM and Lam Dong Province to clarify the violations of this company. Photo VGP/Nhat Bac

Are clarifying the mistakes of Thanh Buoi Company

Lieutenant General To An Xo, spokesperson of the Ministry of Public Security: The case of Thanh Buoi garage was quite complete and detailed, I just asked for additions as follows:

Firstly, implementing the electricity 902 dated September 30, 2023 of the Prime Minister, overcoming the consequences of a serious traffic accident took place in Dong Nai, the Ministry of Public Security directed Dong Nai Police to urgently investigate and clarify the cause of the accident, clarify the responsibilities of individuals and organizations related to strictly handle them in accordance with the law.

At the same time, the Ministry of Public Security also directed the Ho Chi Minh City Police based on the functions and tasks, urgently receiving, classifying and resolving criminal denunciations related to this company. After the incident, there were many criminal denunciations sent to Ho Chi Minh City Police.

Ho Chi Minh City Police also coordinated with relevant units to clarify violations and conduct search of headquarters, branches and related locations of Thanh Buoi Company at TPCHM and Lam Dong Province to clarify the violations of this company.

Our goal is how to ensure traffic safety, minimize traffic in traffic, contribute to rectifying passenger transport business to serve people, ensure professionalism in this activity as well as contribute to the socio -economic development. There is a close coordination between the Ministry of Public Security, the Ministry of Finance and the Ministry of Transport to clarify this issue.

Deputy Governor Dao Minh Tu: Having reached the goal of reducing interest rates for businesses. Photo VGP/Nhat Bac

Has reached the goal of reducing interest rates for businesses

PV Duy Cuong, VTVNews Electronic Newspaper: According to the economic report, from the beginning of this year the State Bank (SBV) has 4 times adjusted the operating interest rate with a reduction of 0.5 - 2%/year. However, the average interest rate of deposits and loans of new transactions arising in August 2023 only decreased by 1% compared to the end of 2022. Could you please assess the interest rate reduction of commercial banks is commensurate with the interest rate reduction of the SBV or not and the current interest rate is really attractive to businesses?

Deputy Governor of the SBV Dao Minh Tu: Interest rates are a matter of concern that the economy, businesses, customers, borrowers are very interested in banks.

Until now, looking at the overview, I think that it has reached the goal of reducing support interest rates for businesses and supporting credit growth, as well as supporting the expansion of investment to increase GDP this year. For interest rates, I provide information for the comrades to assess objectively.

Firstly, if interest rates only think of lending, mobilizing and lending stories, that is, how to ensure relationships, low mobilization will give low loans. But the problem of mobilization depends on inflation and other indicators. Therefore, the mobilization, although now has decreased, but it must be calculated to what extent accordingly. Therefore, the loan interest rate is decreasing to what extent accordingly, this is a very important indicator in the direction of appropriate administration in the general macroeconomic index.

Secondly, the interest rate is very tight at the exchange rate when the interest rate of Vietnam dong is too low, but the exchange rate is at high levels, especially the foreign exchange rate of other countries affecting Vietnam is very high, creating a difference and dollarization appears as well as the exchange rate issue may be broken. So the operating interest rate is how suitable in relations with exchange rates. This is a very complicated factor and must also be very considered to run.

Thirdly, interest rates are also related to many issues in the economy, including fiscal policies in bond issuance. Then the issues related to the mobilization of resources of the state or using the State's loan in general, this is also a big problem.

Another, in the management of interest rates, it must be harmonious between fiscal policies and monetary policies. In operating this interest rate, the SBV is always based on the calculation to find a reasonable plan.

From the beginning of 2023 until now, the viewpoint of operating is both suitable for reality, and enhancing the capital access capacity of businesses and supporting businesses by reducing interest rates. Right from the beginning of the year we also directed, brought the message and used tools to facilitate reducing interest rates.

Firstly, the operating interest rates, the SBV has decreased by 4 times and a reduction of up to 2% for some targets and some interest rates.

For commercial banks, it is true that by the end of July and early August, the decrease is about 1% compared to the end of 2022.

Since the beginning of the year, the SBV has calculated with the influence of the world economy, the resistance of the country's economy in the face of dual difficulties affecting many aspects to manage monetary policy towards ensuring this year's inflation control goal will be less than 4.5% and support growth.

The SBV aims to achieve the average reduced interest rate of commercial banks about 1-1.5%. However, up to now, according to the statistics and assessment of the SBV up to now, the average interest rate of new loans will decrease by about 2 - 2.2%, which means exceeding expectations and desires right from the beginning of the year with a decrease in interest rate.

Of course, there are some previous loans, when commercial banks mobilize are still being able to anchor high because of the policy latency. To ensure the harmony of financial options of commercial banks, when mobilizing, the loan is also commensurate and similar to it.

Therefore, the SBV has also asked commercial banks by all measures, from now until the end of the year to reduce, including previous lending interest rates to ensure support for businesses.

Specifically, on the afternoon of October 27, the SBV held a whole industry conference with 35 large commercial banks accounting for the main proportion of the lending of the economy. The conference pointed out which banks are still high, which banks are low interest rates, so that banks are still high to find measures to reduce their support interest rates.

The conference directed very fiercely, specifically for banks of lending interest rates, input, output differences were still high above normal. Up to now, 4 state -owned commercial banks with a key role, such as Vietcombank, the current average loan interest rate of all short, medium, long -term loans and all the old loans before, as well as the current new loans are only 5.94%. Compared to the end of 2022, 1.75% and compared to the same period last year it decreased by 0.29%. This is an example of a large -scale commercial bank, large outstanding loans, or BIDV bank, the average loan is 6.46% and compared to the end of last year, it decreased by 2.59% and the same period, down 0.15%.

Of course, there are also current loans high, about 9%, over 9%, all of these banks have been specified and also required to find all measures to reduce interest rates.

The SBV said that the interest rate of commercial banks with the operating of the SBV up to now is similar, even surpassing the expectations set out from the beginning of the year.

Deputy Minister Nguyen birthday Tan:

PV Ngoc An Newspaper of Ho Chi Minh City asked the Ministry of Industry and Trade and related units related to the implementation of the Prime Minister's direction on ensuring electricity supply at the end of 2023 and 2024. So how has the Ministry of Industry and Trade directed EVN and related units in ensuring electricity supply?

Regarding the calculation of electricity prices, the Ministry of Industry and Trade also raised the current viewpoint on how to calculate the electricity price and adjust the electricity price properly, sufficiently and appropriately? How to ensure adequate power as well as resources to invest in developing the electricity industry to serve the needs of socio-economic development as well as the development of the electricity industry in a sustainable manner?

Recently, the Ministry of Industry and Trade has issued an inspection conclusion on ensuring electricity supply related to the responsibilities of ministries and branches, as well as relevant energy corporations. The State Capital Management Committee at the enterprise has proposed to review with a number of leaders of the Vietnam Electricity Group. I would like to ask if this proposal is satisfactory or not? The Ministry of Industry and Trade has conducted reviews as well as considered the responsibilities related to the supervision management of the Ministry of Industry and Trade for the electricity industry on the guarantee of electricity supply?

Not to lack electricity

Deputy Minister of Industry and Trade Nguyen birthday Tan: To proactively prepare solutions to ensure electricity supply in the last months of 2023 and in 2024, the Ministry of Industry and Trade reported to the Prime Minister to propose solutions to ensure electricity supply and especially not to lack electricity.

In particular, focusing on solution groups: Ensuring adequate sources of input fuel supply (coal, gas, oil for electricity production); Promote the investment progress of power grid sources, especially key projects such as 500kV lines of 3 Quang Trach- Pho Noi circuit; ensure safe and reliable operation of electricity generation organizations; The operation of electricity systems, optimal power mobilization, technical and reasonable costs; Promote saving and efficient use of electricity.

In addition to ensuring electricity supply, the Ministry of Industry and Trade also implements quite important solutions, which is the work related to economical and efficient use of electricity, this is essential in the current context, ...

In order to ensure that the supply of electricity and trade in the Ministry of Industry and Trade has also directed the Vietnam Electricity Group to improve the forecasting and developing scenarios to deal with emergency and extreme situations that can occur in the operation of the electrical system; Ensuring enough electricity for socio -economic development of the country as well as for the daily life of people.

Develop a mechanism to adjust the electricity price with the appropriate roadmap

Regarding the calculation of electricity prices, based on the Prime Minister's Decision No. 24, in which specific regulations on the methods of making average electricity retail price, including the cost of stages in the process of producing electricity supply such as electricity generation, electricity transmission, distribution, retail, operating, industry management ... to ensure reflection of electricity production and business costs of Vietnam Electricity Group, sufficient and sufficient costs.

Mechanisms to operate and adjust the average electricity selling price have been clearly stipulated in Decision 24 related to the contents such as: Input parameters that fluctuations make the average electricity price increase of 3% or more compared to the current current will be considered for adjustment increased; And if reduced, it will be considered for corresponding reduction.

Electricity is a type of goods present in almost all aspects of socio-economic life, so the power adjustment will affect the whole society, so the Decision 24 also stipulates that the Prime Minister must be reported to the Prime Minister, in case of affecting macroeconomic. Therefore, in some years, electricity prices have been kept stable to ensure macroeconomic, inflation control and people's lives.

Currently, implementing the direction of the Prime Minister, the Ministry of Industry and Trade has studied the amendment of Decision 24 to build a mechanism to adjust the electricity price with appropriate roadmap. Currently, the Ministry of Industry and Trade has submitted to the Prime Minister.

The Ministry of Industry and Trade has reviewed units related to electricity supply

Regarding the inspection of electricity supply, the Ministry of Industry and Trade has inspected and on the basis of the inspection conclusions in July. In particular, the content is very important that is the review work. This issue has proposed to the Prime Minister to assign the State Capital Management Committee at the enterprise.

Through the process of monitoring and supervision, the Ministry of Industry and Trade found that corporations and corporations, especially Vietnam Electricity, have organized very seriously, and clarify the responsibilities of the relevant collectives and individuals pointed out at the inspection conclusions.

The forms of disciplinary proposals, this content have been reported to the State Capital Management Committee at the enterprise and according to us, the Committee is preparing to report to the Prime Minister.

Particularly on the Ministry of Industry and Trade also organized inspection and review of relevant units in the Ministry of Industry and Trade, the conclusions also proposed the Ministry of Industry and Trade to review a number of units (about 5 units).

The Ministry of Industry and Trade will continue to coordinate with the Capital Management Committee to implement solutions, especially the direction of EVN to overcome the consequences, especially to find solutions to avoid repeating errors pointed out in the Ministry's inspection conclusions.

Vice Chairman of State Capital Management Committee Ho Si Hung: EVN has seriously reviewed and proposed appropriate forms of discipline. Photo VGP/Nhat Bac

EVN has seriously reviewed and proposed appropriate discipline

Vice Chairman of the State Capital Management Committee at Ho Si Hung Enterprise: The inspection conclusion of the Ministry of Industry and Trade stated a number of shortcomings and violations in 5 content groups taking place in the period 1/2021 to 6/2023: Slow investment and completion of a number of power grid sources; not guaranteed sufficient reserves of primary materials according to the norm to ensure electricity supply; The operation of the electricity system is not balanced in mobilizing power sources and power structure; Violations in the direction and operation of the system in the dry season 2023; Disrupt power supply on a large scale, especially in the North in May and June 2023.

These are very important contents, as a basis to clearly identify the responsibilities of issues related to those who have implemented this content.

Based on the contents of the inspection, the State Capital Management Committee at the enterprise has directed EVN to conduct the review as prescribed.

After reviewing to see the responsibility clearly, the disciplinary council made a discipline. Up to now, EVN has done very seriously, through 2 turns of reviews, and clarifying the problems arising and even the solutions that need to be overcome.

Currently, EVN has issued a decision to enforce a disciplinary responsibility for 1 Deputy General Director in charge of the electrical system, reprimand for 3 leaders of the National Electrical Moderation Center (A0), including 1 director and 2 deputy directors.

At the same time, EVN also proposed to the State Capital Management Committee at the enterprise reporting and coordinating the competent authority to consider the disciplinary form for the former comrade who is the Chairman of Vietnam Electricity, for the current member of the Board of Members and General Director of Vietnam Electricity Group.

The Capital Management Committee said that EVN has conducted a review of the contents stated in the Conclusion of the Inspection Law, seriously and proposed appropriate forms of discipline specified in Decree No. 159/2020/ND-CP. In the course of implementation, there are the participation of the Ministry of Industry and Trade, the opinions of the Central Business Party Committee to ensure the proper, objective and transparent review.

Vice Chairman of Hanoi People's Committee Hanoi Hai Hai. Photo VGP/Nhat Bac

What did Hanoi do to make the people of the capital not struggling to find clean water?

Reporter Hoang Le Electronic Newspaper VOV: The shortage of water in Thanh Ha urban area and surrounding areas, schools are also affected. So please ask, which solutions of Hanoi have had solutions for the people to live in the middle of the capital, not struggling to find clean water, while not being supplied with water but still received the bill of water payment doubled compared to the previous time?

Vice Chairman of Hanoi People's Committee Hanoi : Regarding water supply planning in general, Hanoi has two times of planning. The Prime Minister also approved. The time in 2013 and was adjusted in Decision 554/QD-TTg in 2021 with this planning of Thanh Ha urban area, Ha Dong and southern Hanoi areas were supplied with water from the water source of the Da River. Then added from the source of Xuan Mai face water plant. However, Xuan Mai face water plant is still implementing. Especially, the transmission pipeline 3.5 and Ring 4 is currently investing in construction.

In order to supply the project, Ha Dong Clean Water One Member Company Limited has issued a written request for a water supply agreement for the southern axis project about 1000 m ³ /day and night.

Guaranteed to provide enough clean water for Thanh Ha urban area, in 2018, Hanoi City also issued a written approval to Thanh Ha Clean Water Joint Stock Company to supply Thanh Ha urban area with a water station of about 5,000 m ³ /day and night. With this content, if this plan is guaranteed, the water supply to Thanh Ha.

However, in June 2021 water quality will have to apply according to QCVN 01-1: 2018 of the Ministry of Health. Thanh Ha Clean Water Joint Stock Company has adjusted the exploitation of groundwater with an output of about (1000-1,500) m ³ /day and night and added the source from the Duong River Water Plant (2,000-3,000) m ³ /day and night.

At the present time, Thanh Ha urban area has a population of about 26500 people with the amount of use of about 3500 m ³ /day and night. When deploying this content, the adjustment of underground water exploitation output and especially combined with the pressure from the Duong River water to supply this urban area, it also decreases, not enough water to supply to Thanh Ha urban area.

Therefore, from September 26, the amount of water with Thanh Ha urban area decreased and on October 9 - October 14, the amount of water used decreased and Thanh Ha Clean Water Joint Stock Company also stopped on October 14 to ensure water quality.

After this incident, the Party Committee and People's Committee of Hanoi City assigned the Department of Construction together with district units to implement, review and handle work related to the supply of clean water in Thanh Ha urban area.

Firstly, the Duong River Surface Company has cooperated with Hanoi Clean Water Company and Viwaco Company to regulate the water source for Ha Dong Clean Water Company to supplement Thanh Ha urban area.

Secondly, Hanoi Clean Water Company has also increased the maximum capacity to exploit the groundwater to supplement the water source from the Duong River. Leaving the source from the Duong river water will add to Thanh Ha urban area.

Thirdly, Ha Dong Clean Water Company also supports Thanh Ha Clean Water Company to operate and regulate water supply for areas through booster stations and tanks to provide people in urban areas.

Fourthly, Song Da Clean Water Joint Stock Company has also implemented technical solutions and also maximized capacity in the technical conditions possible to ensure additional safety for water for clean water Ha Dong and Thanh Oai district of Ha Dong District and Thanh Ha Clean Water Company also reviewed, processed and reported to the Department of Construction and Demand reports for the Department of Construction to have a common regulation. Then deploy the review to coordinate with the Executive Board of the building with a plan to clean and disinfect the underground tanks and roof tanks of the urban area. The Department of Health has also assigned Hanoi CDC to check and review all issues related to environmental sanitation.

Results from October 13-26, additional traffic is concentrated from stations, especially from the addition of hourly water supply, according to the tank. Additional people use hourly and store use by day; Increased regulation increased the source from the Duong River for Da River to increase from 3600 - 5800 m ³ /day and night to deploy water supply alternately and hourly.

Currently, the water supply has gradually stabilized and accumulates water in the underground tanks and roof tanks of the urban area. By October 26, the flow of the Da River source to the urban area continued to maintain 5700 m ³ /day and night and decreased to 3800 m ³ /day and night due to the storage in the roof tank, the underground tank of the urban areas was full of water.

Up to now, the water supply to Thanh Ha urban area has gradually stabilized and ensured that clean water supply for Thanh Ha has also been sampled to ensure hygienic conditions according to the criteria and quality of QCVN 01-1: 2018 of the Ministry of Health.

Regarding solutions to implement in the near future, Hanoi City is assigning shares of water surface water to Duong and Da rivers in collaboration with Thanh Ha Clean Water Company to continue reviewing and investing to ensure the common water according to the city's plan and planning assigned.

The city assigns the Department of Planning and Investment to base on the functions and tasks, inspect and review and urge investors. Currently, the sources have also planned to assign investors of projects such as: Red River surface water plant, Song Da surface water plant for phase 2 and investment projects to raise the water capacity of Bac Thanh Long - Van Tri, Xuan Mai Water Plant.

Hanoi City is implementing solutions to accelerate the project implementation progress; Request timely advice to propose removal of difficulties in the process of implementation or drastically terminating and recovering projects that are slow to implement the investors who do not guarantee capacity or fail to ensure the project implementation progress.

Hanoi City also assigned the Department of Construction to assume the prime responsibility and coordinate with the People's Committees of districts and towns urging the supervision of water supply units in the area according to the water supply plan and water supply. The city is also urgently building water supply networks, striving to ensure that 100% of households are provided with clean water from the city.

Requesting the Department of Construction, Department of Planning and Investment to strengthen inspection and supervision of the implementation progress of development projects to propose and advise the City People's Committee to solve difficulties and report to the city to end investors who have been approved for water supply but slowly implemented in the plan.

For water supply in some areas with difficulties in water sources in the area, Hanoi City has assigned the Department of Construction and People's Committees of districts and towns according to timely decentralization, appropriate solutions and treatment plans to ensure adequate supply of clean water to serve the needs of clean water of people ...

Về phối hợp với các địa phương, Thành phố Hà Nội tiếp tục phối hợp và đề nghị UBND tỉnh Hòa Bình tập trung tháo gỡ các khó khăn vướng mắc khi thực hiện các dự án như: Nhà máy nước mặt sông Đà giai đoạn 2, Nhà máy nước mặt sông Xuân Mai để nâng công suất nguồn nước sạch đảm bảo nguồn cung cấp theo kế hoạch và lộ trình của Thành phố./.

Source: https://dttg.baotainguyenmoitruong.vn/hop-bao-chinh-phu-thuong-ky-thang-10-2023-365393.html