MoF requests units to reform and develop collective and cooperative economy

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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.