Reviewing the 120,000 billion VND credit package to make it "more convenient, open, and feasible"

The Government has just issued Resolution 105/NQ-CP on tasks and solutions to remove difficulties for production and business, continue to promote administrative procedure reform, and tighten discipline and order.

Rà soát gói tín dụng 120.000 tỉ đồng để thuận lợi, thông thoáng, khả thi hơn - Ảnh 1.

The Government issued a Resolution on solutions to remove difficulties for production and business.

The goal set out in the Resolution is to reduce costs, increase market access and access to capital for businesses and people, in order to quickly restore production and business activities, strive to achieve the highest economic growth results, and the main goals and targets set for 2023.

To achieve the above goals, the Government has set out five key tasks and solutions, including: Promoting domestic consumption, boosting exports; Promoting disbursement of public investment capital; promoting investment in the non-state economic sector, state-owned enterprises, and attracting FDI capital.

In addition, support cash flow, reduce costs and increase access to capital for businesses and people. Promote administrative procedure reform, improve the investment and business environment. And the final solution is to tighten discipline, administrative discipline and improve the effectiveness and efficiency of direction and management; resolutely overcome the situation of pushing and avoiding responsibility in solving work.

Regarding some specific tasks, the Government requires the State Bank of Vietnam to operate monetary policy tools proactively, flexibly, loosen appropriately, promptly and effectively in accordance with actual conditions; continue to reduce interest rates, especially lending rates (striving to reduce at least about 1.5-2%). Determine the credit growth limit in accordance with the actual situation (about 13-15% for the whole year, in favorable cases it can increase higher).

Continue to review the VND120,000 billion credit package for loans under the Program for lending to social housing, workers' housing, and renovation and reconstruction of old apartments according to Resolution 33/NQ-CP of the Government with more timely, favorable, open, flexible, feasible, and reasonable lending conditions.

The Government assigned the Ministry of Finance to preside over and coordinate with ministries, agencies and localities to effectively implement policies on extension and reduction of taxes, fees, charges and land rents that have been issued; continue to research and propose policies and solutions to provide fiscal support without affecting the safety of public debt, government debt and foreign debt of the country, associated with effective capital use.

At the same time, urgently operate the individual corporate bond trading floor in July 2023; closely monitor the maturity situation, debt repayment, negotiate debt repayment extension of each enterprise, and have timely and appropriate solutions.

"Urgently review legal regulations to amend and provide guidance if necessary, create favorable conditions and quick and concise procedures for businesses, and ensure the fastest value-added tax refund time for businesses" - the Government's Resolution clearly stated.

Calculate the level, duration, form, and method of capital mobilization and issuance of government bonds in accordance with the progress of revenue, expenditure, and disbursement of public investment capital to stimulate economic growth, ensure effective use of loans, ability to repay loans, and stabilize, secure, and sustain national finances.

For the Ministry of Industry and Trade, the Government requires focusing on reviewing, guiding, and promptly granting electricity operation licenses to eligible renewable energy projects so that these projects can be put into operation soon. Review and complete regulations on electricity purchase and sale, and direct Vietnam Electricity Group (EVN) to strengthen coordination, speed up negotiations, and agree on temporary electricity prices with renewable energy projects.

In this Resolution, the Government requests ministries, agencies and localities to strictly implement the direction and administration of the Government and the Prime Minister, not to push things around, prolonging work, missing opportunities to resolve problems, support businesses and people, promote production and business, and waste resources.

Along with that, promptly review, replace or transfer to other jobs for cadres and civil servants with weak capacity, who do not dare to do, avoid, push away, lack responsibility, cause stagnation and do not meet the work requirements assigned by competent authorities.

The Government requested the Vietnam General Confederation of Labor to study and reduce the union fee from 2% to 1% and extend the deadline for payment of fees in 2023; study to continue implementing until the end of 2023 the policy to support union members and employees whose working hours are reduced or whose labor contracts are terminated due to businesses cutting or reducing orders according to Resolution No. 06/NQ-DCT dated January 16, 2023, Decision No. 6696/QD-TLĐ dated January 16, 2023 of the Vietnam General Confederation of Labor.

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