Implementing tasks for social-economic development in Northern Midlands and Mountainous region

By Hoai Anh/ Huyen Trang

09:45 | 13/10/2022 Finance Follow english.haiquanonline.com.vn on

VCN – The action plan of the Ministry of Finance to implement Resolution 96/NQ-CP dated August 01 2022 on the Politburo’s Resolution No.11-NQ/TW on directions to intensify socio-economic development and ensure national defence and security in the northern midland and mountainous region by 2030, with a vision to 2045.

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Total state budget revenue of the Northern Midlands and Mountainous region by 2030 expected to reach VND190 trillion. Photo: Internet

In this plan, the Ministry of Finance has assigned specific tasks to each lead unit, the coordinating unit for implementation and deadlines.

Accordingly, for the task of State budget revenue in the region reaching VND190 trillion by 2030, chaired by the Ministry of Finance, the Ministry assigns the Tax Policy Department to study and develop policies to increase the region's revenue. The General Department of Taxation and the General Department of Customs shall assume the prime responsibility for formulating annual budget revenue estimates and budget collection to ensure and exceed the target.

Regarding the task of amending and supplementing financial and tax policies for important hydropower projects in the Northern Midlands and Mountainous region, the Ministry of Finance assigns the General Department of Taxation, the Department of Tax Policy, the Department of Corporate Finance, and the Department of State Budget to assume the prime responsibility to report to competent authorities on issuing legal documents to increase revenue for provinces in the region. The deadline is 2025.

The Ministry of Finance also assigns the General Department of Taxation, the Department of Tax Policy, the General Department of Customs, and the Department of State Budget to assume the prime responsibility for amending and supplementing financial and tax policies for import and export activities at border gates to increase revenues allocated to provinces in the Northern Midlands and Mountainous region.

The Ministry also assigns units to implement tasks on the planning of the Midlands and Mountainous region under coordination between the Ministry of Finance and the Ministry of Planning and Investment for the 2021-2030 period, vision to 2050; report on the review of specialized mechanisms and policies for the Northern Midlands and Mountainous region.

Principles for capital allocation for national target program in ethnic minority and mountainous areas

The Minister of Finance proposes the leaders of the Ministry based on the solutions and tasks assigned by the Government in Resolution 96/NQ-CP and the content of this Decision directs their units to perform the assigned tasks, ensuring objectives and requirements; and proactively check the implementation.

By Hoai Anh/ Huyen Trang

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