MoF requests units to reform and develop collective and cooperative economy

VCN – Minister of Finance has just signed Decision No. 2221/QD-BTC promulgating a plan on implementation of Decision No. 39/QD-BCĐĐMPTKTTTHTX of the Head of the Steering Committee for Innovation and Development of Collective and Cooperative Economy.
MoF abolishes 33 procedures and issues three new ones MoF abolishes 33 procedures and issues three new ones
MoF deploys 6 key tasks in economic diplomacy work MoF deploys 6 key tasks in economic diplomacy work
MoF sets target of ensuring 100% of businesses to be received legal support MoF sets target of ensuring 100% of businesses to be received legal support
MoF requests units to reform and develop collective and cooperative economy
Pa Then women's brocade weaving cooperative, Tan Bac commune, Quang Binh district, Ha Giang. Photo: TTXVN

Accordingly, the Minister of Finance has required the ministry’s leaders to follow Decision 39/QD- QĐ-BCĐĐMPTKTTTHTX and direct their subordinate units to well perform tasks, meeting the achievement of goals and requirements.

The Minister of Finance directs heads of the ministry’s units to based on Decision No.39 direct the subordinate units to effectively perform tasks, solutions, and action plans, and be responsible to the Minister for performing assigned functions and tasks.

For tasks chaired by the Ministry of Finance, heads of units are required to urgently review and include solutions in the working plan in 2023 to effectively perform the tasks, and be responsible to the Minister for implementation.

Based on the assigned content and specific tasks, heads of units must develop and issue implementation plans; and specify the time and progress of implementation to ensure full completion of the contents in accordance with the requirements of the decision set by the Head of the Steering Committee for Innovation and Development of the Collective and Cooperative Economy.

In addition, for tasks chaired by other ministries, sectors, and localities, heads of units must review and coordinate with presiding agencies to report to the Ministry of Finance for comments upon receiving requests.

At the same time, the units must report to the Ministry’s leaders about contents related to functions and tasks of the ministry in implementing Decision No.39 by other ministries, sectors, and localities.

Based on the implementation of assigned tasks, units must report on the progress and results of implementation to the Department of Corporate Finance periodically or randomly as the request of the Head of the Steering Committee to submit to the Ministry of Finance for approval.

Decision No. 2221/QD-BTC also assigns specific tasks and projects to the ministry’s units to implement such as: establishing working groups of the Steering Committee to survey, inspect, and urge the development of collective and cooperative economy in localities.

Units need to develop an Action Program of ministries, sectors, and localities to implement Resolution No. 09/NQ-CP dated February 2, 2023, promulgating the Government's Action Program to implement Resolution No. 20-NQ/TW dated February 16 June 2022; allocate medium-term and annual state budget to support the development of collective and cooperative economy

Research, review, and evaluate tax laws related to the organization and operation of cooperative economic zones to report for amendments and supplements.

There needs to be a specific corporate income tax policy, consistent with the nature of mutual assistance of cooperative economic organizations; consider reducing the corporate income tax rate of the People's Credit Fund and exempting capital contributions of members of the People's Credit Fund from tax.

By Hoai Anh/Ngoc Loan

Related News

MoF Steering Committee 389 launches a peak campaign against smuggling during Lunar New Year 2025

MoF Steering Committee 389 launches a peak campaign against smuggling during Lunar New Year 2025

VCN - In the coming time, smuggling and trade fraud activities is forecast to take place complicatedly, especially before, during and after the Lunar New Year 2025.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
VAT reduction is necessary but not tool used every recession: Canadian expert

VAT reduction is necessary but not tool used every recession: Canadian expert

VCN – The VAT reduction is necessary but is not a tool used in every recession said by the expert from the Canadian Ministry of Finance at the discussion session on fiscal policy within the framework of the Financial Policy Dialogue Workshop between the Vietnamese Ministry of Finance and the Canadian Ministry of Finance in 2024, held on September 25.
MoF proposes to abolish Article 35 on “on-the-spot import and export” in Decree No.08/2015/ND-CP

MoF proposes to abolish Article 35 on “on-the-spot import and export” in Decree No.08/2015/ND-CP

VCN - The Ministry of Finance (the General Department of Vietnam Customs) has received comments on the draft Decree amending and supplementing a number of articles of Decree No. 08/2015/ND-CP providing specific provisions and guidance on enforcement of the customs law on customs procedures, examination, supervision and control procedures. In addition to revision related to on-the-spot import and export activities, the draft also proposes to supplement new regulations to meet requirements of implementing digital customs, ensuring compliance with practical situations and promoting customs modernization.

Latest News

Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and overcome some shortcomings arising in the practice of the securities market.
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
The capital market will see positive change

The capital market will see positive change

VCN – Vietnam’s capital market has more balanced, harmonious and sustainable. However, besides the achievements, the market still faces many potential challenges. In order for the capital market to become an effective and sustainable capital mobilization channel, further improving the quality of goods and diversifying investors in the market is a key direction.
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.

More News

Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

VCN - According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND, an increase of 4.9% compared to the beginning of the year, but the rate was still slower than credit, which could put pressure on interest rates.
Fed’s foreseen rate cuts affect foreign exchange rate

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.
Untying the knot for green finance

Untying the knot for green finance

VCN - Green finance is a crucial resource for greening businesses. Completing the policy framework for green finance is urgently needed to unlock this capital flow.
Ensuring efficiency and transparency in use and management of houses and land at State enterprises

Ensuring efficiency and transparency in use and management of houses and land at State enterprises

VCN - According to the Ministry of Finance, the issuance of Directive on strengthening management, improving the efficiency of use and handling of houses and land at State-owned enterprises to ensure the effective management, use and handling of houses and land for the right purposes, and to avoid loss and waste.
Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN – Important national projects, inter-regional transport projects, riverbank and coastal erosion treatment projects all have disbursement rates lower than the estimated average disbursement rate of the whole country, the Ministry of Finance said.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Read More

Your care

Latest Most read
Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
The capital market will see positive change

The capital market will see positive change

VCN - The capital market is an important component of the financial market that provides medium-and long-term capital, contributing to effectively mobilizing and allocating resources and creating an essential material foundation for the grow of national e
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.
Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND
Mobile Version