Proactively find solutions to remove difficulties and increase vitality for businesses

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The conference

Khanh Hoa: Industrial production index increases

Performing assigned tasks in Decision No. 853/QD-TTg dated July 17, 2023, of the Prime Minister on assigning Government members to preside over working with provinces on the situation of production and business, construction investment, and import-export, the Minister of Finance was assigned to preside over working with three provinces (Binh Dinh, Phu Yen, Khanh Hoa).

Reporting on the situation of production and business, construction investment, import and export of Khanh Hoa province, Mr. Le Huu Hoang, Vice Chairman of the Provincial People's Committee said that by the end of September 30, 2023, the province had disbursed 54.9% and 61.2% of the public investment capital plans assigned by the Prime Minister and the Provincial People’s committee respectively. Budget revenue reached VND11,661.9 billion, reaching 75.5% of the estimate and equaling 95.3% year-on-year.

The province's industrial production continues to face many difficulties, especially the processing and manufacturing industry due to declining consumption demand in large, traditional markets. However, some major industrial products saw an increased industrial production index in the first nine months of 2023 such as beer of all kinds, tobacco production, bird's nest drink, and other nutritious drinks.

Khanh Hoa province's report shows that its industrial production index in September 2023 rose by 17.4% year-on-year and in the first nine months rose by 12.1% year-on-year. Total retail sales reached VND85,114 billion, up 19.7% year-on-year.

Trade turnover in the first nine months of the year rose 1.6% year-on-year to US$1,196.8 million. Budget revenue meets estimates but is lower than it was in the same period last year due to the decrease in imported gasoline and oil.

The Minister of Finance chairs the conference

VND47,863 billion was invested in social development in the province in the first nine months of the year. By the end of September 30, 2023, the province disbursed 52.4% of the capital plan assigned by the Prime Minister and 61.2% of the capital plan assigned by the Provincial People’s Committee.

The province has proposed the Ministry of Natural Resources and Environment and the Ministry of Justice to review and adjust the regulations on agencies determining starting prices for auction of land use rights in the Joint Circular No. 14/2015/BTNMT-BTP to comply with Decree No. 135/2016/ND-CP of the Government.

Phu Yen: Budget collection is very difficult

At the conference, Ms. Ho Thi Nguyen Thao, Vice Chairwoman of Phu Yen Provincial People's Committee, said that in the nine months, despite many difficulties, Phu Yen province has made great efforts to perform socioeconomic development tasks, helping maintain the socioeconomic situation in the province. Estimated growth in the first 9 months of 2023 is about 8.8%, and in the last months of the year, due to the rainy and stormy season, Phu Yen is expected to achieve a growth rate of about 8% for the whole year.

So far, the province has only collected about 55% of the central estimate, and about 35% of the local estimate, and basically achieved other revenues.

Regarding disbursement for basic construction investment, Phu Yen has disbursed about 31% of the central capital plan.

The construction sector has prospered due to the implementation of the highway project passing through Phu Yen province. For this project, about 96% of the site has been cleared and assigned to construction units.

According to Ms. Ho Thi Nguyen Thao, Minister Ho Duc Phoc's working group has paid great attention to the proposals and recommendations of localities, synthesizing in detail contents reported by the localities to send to the Ministries and central agencies to solve problems. Along with that, Phu Yen province has also proactively worked directly with ministries and central agencies to deal with problems.

The leader of Phu Yen province also proposed the Minister of Finance report to the Prime Minister on amendments and supplements to legal documents related to land price determination to ensure consistency between related laws, thereby solving difficulties in implementing projects.

Binh Dinh: Focusing on removing difficulties and facilitating businesses

At the conference, Mr. Cong Hoang, Vice Chairman of Binh Dinh Provincial People's Committee, said that the production, business, and construction investment situation in the province in the first nine months of 2023 saw some positive results. The provincial growth rate reached 6.92%, higher than the national growth. It is expected that the growth rate from now until the end of the year will be about 7.2%, meeting the set target.

The province's revenue reached 61.6% of the estimate. Similar to other localities, Binh Dinh province has faced difficulties in collecting land use fees, so the province is very drastic in directing and managing collection to ensure spending for infrastructure construction. In addition, the disbursement of public investment capital reached 81.3% of the plan assigned by the Prime Minister.

Mr. Cong Hoang said that Binh Dinh will focus on removing difficulties and obstacles, creating conditions for businesses in the area to continue to develop production and business; urging the implementation of large projects to contribute to socio-economic development, increasing budget revenue in the last months of the year...

At the same time, the province will propose the Government to pay attention to decentralization of power to localities in implementing projects using rice cultivation land of 10 hectares or more, protective forest land, and special-use forest land of 20 hectares or more for other purposes as prescribed in Point a, Clause 1, Article 58 of the 2013 Land Law.

In addition, the province will report that the State Bank on considering simplifying procedures related to lending by commercial banks participating in the VND 120,000 billion credit program for investors and home buyers of social housing projects and procedures related to interest rate support from the state budget for loans of enterprises, cooperatives, and business households according to the provisions of Government’s Decree No. 31/2022/ND-CP.

Proactively resolving difficulties and problems in the most reasonable way

At the conference, representatives of ministries and agencies listened to the recommendations and proposals of localities and clarified legal regulations on the issues mentioned by localities.

Speaking at the conference, Minister Ho Duc Phoc emphasized that 2023 is a very difficult year. So far, budget revenue has only reached 75% of the estimate, and the collection pace is decreasing day by day.

Difficulties are reflected in aggregate demand, from private investment to social consumption, public investment, import, and export. Public investment has so far only disbursed 51% of the capital allocated by the Government; land use fee collection decreased by 48% year-on-year; budget revenue from two areas is considered the driving force for growth as FDI enterprises and non-state-owned enterprises declined year-on-year.

Meanwhile, the Minister said that the 2024 budget revenue estimate will increase by 5% compared to 2023. "This is a very difficult goal in the current economic recession, so it is necessary to find solutions to remove difficulties and increase vitality for businesses," said the Minister.

The Minister said that the Ministry of Finance will synthesize the opinions of localities, ministries, and agencies, and prepare a report to send to the Prime Minister.

Regarding resolving local problems, difficulties, and recommendations, the Minister of Finance requests ministries to resolve issues within their jurisdiction and coordinate with other ministries to deal with issues that are related to their authority.

According to the Minister, it is necessary to determine that this is a joint task for the development of the country, and for the Government's reputation in leadership, direction, and administration. It is recommended that ministries and agencies improve their imitativeness and responsibility to completely and promptly resolve difficulties and obstacles.