PM asks for all efforts to ensure sufficient supply of electricity, petroleum products

A customer buying petrol. Prime Minister Phạm Minh Chính stressed that everyone must make sure there is a sufficient supply of electricity and petroleum products in all situations. — VNA/VNS Photo Trần Việt

Prime Minister Phạm Minh Chính has asked for all efforts by relevant agencies and authorities to ensure sufficient supply of electricity and petroleum products in all situations.

The directive is highlighted in an official dispatch about solutions to accelerate growth, control inflation and stabilise the macroeconomy in the third quarter of this year.

The key solution outlined in the dispatch is for the acceleration in the disbursement of public investment in the remaining months of this year.

The Ministry of Finance must effectively implement policies of tax and fee payment deadline extension and reduction of value added tax, together with the efforts to accelerate digital transformation to improve tax management efficiency.

The State Bank of Việt Nam is required to ensure appropriate exchange rates and interest rates to promote economic development and meet the economy’s demand for capital.

Commercial banks must continue to reduce their operating costs and increase the application of information technology and digital transformation to lower lending rates for prioritised sectors.

The PM (in Official Dispatch No 71/CĐ-TTg) also asked for efforts to ensure sufficient supply of goods, especially necessary ones such as food, electricity and petroleum products.

“It is a must to ensure sufficient supply of electricity and petroleum products in all situations,” the PM said.

Close attention must be given to supply and demand for price management scenarios and preparing for appropriate adjustments of prices of State-managed goods and services.

The PM also asked for measures to adapt with climate change and for the promotion of clean and green energies in Việt Nam, especially in the carbon market.