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Prime Minister asks Ministry of Finance to calculate reduction of car registration tax

Báo Thanh niênBáo Thanh niên05/05/2023


On the morning of May 5, Prime Minister Pham Minh Chinh chaired the regular Government meeting for April. The Prime Minister emphasized 10 highlights in the Government's direction and administration in April and the past 4 months.

Thủ tướng yêu cầu Bộ Tài chính tính toán giảm thuế trước bạ ô tô - Ảnh 1.

Prime Minister Pham Minh Chinh

Firstly, focus on removing difficulties and promoting the stock and corporate bond markets (Decree 08), and the real estate market (Resolution 33).

Second, promote disbursement of public investment capital, urge key national projects and works with 5 working groups established.

Third, allow credit institutions to restructure debt, extend debt, and buy back corporate bonds (the State Bank has issued two circulars).

Fourth, extend the time for paying taxes and land rents (Decree 12) and submit to competent authorities for consideration to reduce taxes, fees, charges, and land rents.

Fifth, promote administrative reform and improve the investment and business environment (Resolution 58).

6. Handling difficulties in purchasing drugs, supplies and medical equipment (Resolution 30 and Decree 07).

Seventh, organize conferences to deploy the Government's action program to implement the Politburo's resolutions on 6 socio-economic regions in conjunction with investment promotion conferences.

8. Organize national online conferences on planning, digital transformation, tourism, economic diplomacy, etc.

9th, focus on drastic and effective handling of loss-making enterprises, projects, and weak banks. Of the 12 loss-making projects in the industry and trade sector, outlets have been found for 8 projects.

In addition, handling issues related to O Mon Thermal Power Center, Song Hau 1 Thermal Power Plant; Thai Binh 2 Thermal Power Plant were inaugurated without using additional budget and also saving more than 200 billion VND of the total approved investment. Restructuring commercial banks under special control and handling issues related to SCB Bank...

10th, focus on promoting strategic infrastructure projects, recently inaugurated the Mai Son - National Highway 45, Dau Giay - Phan Thiet expressways and the Phan Thiet - Vinh Hao, Cam Lam - Nha Trang projects will be completed next May.

Commenced construction of 12 projects of the North-South expressway in the East, phase 2, with a length of 729 km, and urgently prepared to commence construction of projects connecting the East and West, the Hanoi Ring Road 4, the Ho Chi Minh City Ring Road 3, etc. Reported to competent authorities and prepared to deploy the North-South high-speed railway.

However, the head of the Government also noted that macroeconomic stability is not really solid, credit growth is low, bad debt risks are increasing, and the unstable external situation continues to have a great impact and influence.

Although industrial production recovered in April, overall the first four months still decreased compared to the same period last year. The main growth drivers (investment, export, consumption) all tended to decline, import and export decreased in the first four months. The disbursement rate of public investment capital in the first four months was lower than the same period last year; registered FDI capital decreased. The corporate bond, stock, and real estate markets continued to face difficulties...

The Prime Minister also emphasized a number of issues such as the OECD's application of a global minimum tax from 2024. China's opening and recovery bring both opportunities and challenges; financial, monetary, and real estate risks in the world remain high.

Thủ tướng yêu cầu Bộ Tài chính tính toán giảm thuế trước bạ ô tô - Ảnh 2.

Prime Minister requests to continue stable growth targets

Accordingly, ministries, sectors and localities need to prioritize promoting growth while remaining consistent with the goal of macroeconomic stability. Harmoniously, balancedly, reasonably and effectively manage interest rates and exchange rates, growth and inflation, supply and demand, monetary and fiscal policies, and internal and external policies.

Currently, inflation is still under control within the target set by the National Assembly and is gradually decreasing, so it is necessary to give more priority to growth from April, May and the following months. In the immediate future, increase access to capital for production and business and strive to reduce the lending interest rate for both new and existing loans.

Urgently submit plan to reduce 2% VAT

The Prime Minister requested the State Bank to continue directing cost reduction, reducing lending interest rates, increasing access to capital, ensuring reasonable credit growth, focusing on growth drivers and priority sectors.

Focus on handling weak commercial banks, ensuring liquidity and system safety, focusing on handling bad debts; reviewing and having appropriate solutions to contribute to removing difficulties for the real estate market.

Implement a credit program of 120,000 billion VND for social housing development and 10,000 billion VND for wood and seafood enterprises.

The Ministry of Finance strengthens budget collection management, collects correctly, fully, and promptly, thoroughly saves on spending, and cuts unnecessary spending; promptly proposes measures to handle problems related to ODA capital (to be submitted in May).

In particular, urgently submit to competent authorities a plan to reduce VAT by 2%; submit a plan for the global minimum tax; continue to prepare additional support plans for tax, fee and charge exemptions and reductions; research and calculate a plan to reduce registration tax on cars; propose to handle shortcomings, develop the corporate bond market and the stock market, etc.



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