General Secretary: Establish a 'national housing fund', research 'duty-free ports'

General Secretary To Lam requested research into the establishment of a "National Housing Fund" to develop low-cost housing in large cities; research into the formation of a "Duty-free port" model to turn Vietnam into a large, developed logistics center.

On the afternoon of February 24, General Secretary To Lam chaired a working session with the Central Policy and Strategy Committee on the growth target set for 2025 at 8% or more, creating a solid foundation for double-digit growth in the following years and orientations for asset and cryptocurrency management in Vietnam.

Eliminate at least 30% of unnecessary business conditions

Basically agreeing with the 10 strategic solutions proposed in the report, in the coming time, the General Secretary noted that, both in the short term and in the long term, the first and consistent requirement is to mobilize all economic sectors, all businesses and people to participate in socio-economic development, actively work in production, create material wealth to contribute to the growth and development of the country. All institutions, mechanisms and policies must aim towards and achieve this requirement.

To promote rapid and sustainable economic growth, the General Secretary requested to focus on reform and promote both the supply and demand sides in a way that is appropriate to the reality, nature and level of the Vietnamese economy. In particular, promoting supply-side factors will ensure long-term growth requirements, with fewer consequences but will have a higher delay; promoting demand-side factors will be faster but will be accompanied by more risks.

General Secretary To Lam. Photo: VNA

On the supply side, according to the General Secretary, it is necessary to continue to focus on strong institutional reform, improve the investment and business environment, strengthen the confidence of businesses and people, and strive to reduce at least 30% of administrative procedure processing time by 2025; reduce at least 30% of business costs, especially in the field of customs, regulatory compliance costs, and unofficial costs...

At the same time, abolish at least 30% of unnecessary business conditions; strive to have Vietnam's investment environment among the top 3 countries in ASEAN within the next 2-3 years.

The General Secretary also requested research and application of a specialized legal framework to help the Vietnamese legal system catch up with the development speed of the digital economy, innovation and international integration, especially financial technology, artificial intelligence (AI), platform economy, e-commerce and special economic zones.

Along with that is the proposal of a controlled experimental legal framework for new technology industries; a proposal of a separate legal framework for special economic zones and special technology zones such as special preferential tax mechanisms, specific mechanisms in resolving trade disputes in special zones...

Regarding land policy and the real estate market, the General Secretary emphasized the need to unblock and promote transactions and attract investment capital into the market; promote urban areas to become the driving force of national growth on the basis of completing a high-quality and synchronous infrastructure system; and build a national digital map system on planning and land prices.

The General Secretary requested to study the establishment of a "National Housing Fund" to develop low-cost housing in large cities. In addition, it is necessary to apply open financial policies to international financial center models; effectively take advantage of foreign indirect investment; study the formation of a "Duty-free Port" model to turn Vietnam into a major logistics center, and develop a "National Investment One-Stop Portal" to increase the attraction of foreign investors to Vietnam.

At the same time, promote the development of science and technology and innovation; thoroughly handle air pollution in Hanoi, Ho Chi Minh City and other major cities.

Another noteworthy content that the General Secretary also emphasized was the implementation of policies to attract talents to work in state agencies, units, and enterprises, and special policies for cadres and civil servants with good performance in their work; at the same time, there was a mechanism to remove from the apparatus those who lacked capacity and qualities. Further concretizing the policy of encouraging and protecting cadres who dare to think and dare to do.

In addition, it is necessary to continue to improve the state apparatus organization system, have mechanisms and strengthen decentralization and delegation of power to localities. In addition, it is necessary to pay attention to perfecting policies to respond to population aging.

Managing digital currencies as a virtual asset

On the demand side, the General Secretary stated that the focus should be on promoting government investment in the country's strategic and fundamental infrastructure system, in terms of quantity, quality and consistency; promoting private investment through creating a favorable, transparent, safe, low-cost investment environment with easy access to credit capital.

Along with that is promoting domestic consumption, only when promoting domestic consumption can help GDP growth sustainably; increase net exports. Promote the export of processed agricultural, forestry and fishery products on the basis of developing agricultural economy instead of purely agricultural production; industrialize agriculture; adjust land limit policy to facilitate land accumulation; encourage piloting new forms of cooperation in agriculture.

General Secretary: The National Assembly and Government agencies need to soon institutionalize and concretize the management of digital currencies. Photo: VNA

In addition, it is also necessary to implement an expansionary fiscal policy; flexible monetary policy, and cautious monetary easing...

Regarding the issue of digital currency management, the General Secretary agreed with the proposal of the Central Policy and Strategy Committee on the need to soon manage this currency as a virtual asset to avoid negative impacts on the economy and social issues, while helping to contribute value to the country's economy.

The National Assembly and Government agencies need to institutionalize and specify the management of this field soon. Research on applying a controlled pilot mechanism (sandbox) to establish a "Trading Floor" for this activity.

Vietnamnet.vn

Source: https://vietnamnet.vn/tong-bi-thu-lap-quy-nha-o-quoc-gia-nghien-cuu-cang-mien-thue-2376013.html