The Government has directed the market stability for the end of 2016

VCN- Ensuring pricing stability and bank liquidity, not increasing the price of electricity, and health service charges in the last 2 months of 2016, continuously reducing the BOT charge, and strictly handling inflation and abuse of health insurance, etc all are important contents in the Government Resolution at the regular conference in October, 2016.
the government has directed the market stability for the end of 2016 New policies to speed up state divestment present opportunities for investors
the government has directed the market stability for the end of 2016 Medium-term financial plan promotes the effectiveness of revenues and expenditures management
the government has directed the market stability for the end of 2016 The Government regulates the amount of registration fees
the government has directed the market stability for the end of 2016
The Government has requested to focus on the tasks of improvement of business environment and competitiveness of enterprises. Source: Internet.

Improve business environment

Specifically, the Government has requested Ministries, agencies, and localities to focus on performing tasks of improvement of the business environment and the competitive capacity of enterprises. In which, review each criteria and index promulgated by the World Bank and the International Economic Forum in 2016; release a specific plan and solution to improve the ranking in 2017, and report to the Prime Minister and concurrently submit to the Ministry of Planning and Investment. Assign the Ministry of Planning and Investment to summarize and report to the Prime Minister in November 2016.

The State Bank should actively regulate currency policy to create favorable conditions to release a reasonable interest rate. Closely control the credit quality, bad banks, keep track of bad debts, and ensure the stability of the exchange rate and liquidity of the bank system, especially at end of the year. Control basic inflation in order to control general inflation.

In addition, The Ministry of Planning and Investment has collaborated with Ministries, Agencies and Localities to develop a draft of a Government Resolution on tasks and solutions to implement the socio-economic development plan and the estimate of the State Budget in 2017 to submit to the Government at the Conference with localities to be held in December.

To summarize and report to the Prime Minister the expected allocation solution of the State budget in 2016 of Ministries and agencies, localities with late disbursement to September 30th, 2016; It is determined not to allocate the capital plan in 2017 for projects until the end of September, 2016, disburse under 30% of capital plan in 2016, unless objective reasons; submit to the Prime Minster assigning the plan of public investment capital in 2017 for ministries, central agencies and localities in right time.

This Ministry also needs to complete the Project of economic reconstruction for the period of 2016 - 2020 after being approved by the National Assembly. Submit to the Prime Minister the Project of public investment reconstruction in January, 2017

Pricing Stability

The Government has asked the Ministry of Finance to enhance inspections to prevent the loss of State budget collection; actively encourage and expand tax agencies and recover tax debts; and strictly control the declaration of taxable price. Radically save the budget expenditure, especially recurrent expenditure and use of public property. The Ministry of Finance must also cooperate with the specialized managing ministries to keep a close track of price of essential goods to release appropriate solutions, to control inflation in the scope assigned by the National Assembly, not to increase the electricity price, and health service charges in the last 2 months of 2016 and enhance anti-smuggling and control of commercial fraud by the end of 2016.

The Ministry of Industry and Trade should closely monitor the domestic and global market performance; encourage trade promotion, seek and expand the export market; implement solutions to ensure essential goods in order to prevent the lack of goods, increase of price in the end of 2016 and the Lunar New Year, cooperate with localities to carry out a pricing stability program.

The Government has asked the Ministry of Transport to cooperate with the Ministry of Finance to continuously direct the reduction of BOT charge in 19 tolls in 2016.

The Ministry of Agriculture and Rural Development has collaborated with the Ministry of Industry and Trade to open an inspection and handling of fake plant protection products, and fertilizers.

Also in this Resolution, the Government has asked the Ministry of Health to focus on epidemic prevention, especially seasonal epidemics with high risk of spread. Strictly implement the universal health insurance on schedule; strengthen the inspection, supervision and strictly handle the abuse of health insurance in health examinations and treatment.

Enhance the Inspection of the implementation of public investment plan

On the report of the implementation of Resolution 60/NQ-CP of the Government dated July, 8th, 2016 regarding the tasks and key measures to accelerate the implementation and disbursement of public investment capital plan in 2016, the Government has asked the Ministry of Finance to report to the Prime Minister and concurrently report to the Ministry of Planning and Investment before November 10th, 2016 the disbursement in detail of the State budget and Government Bonds in 2016 until September, 30th, 2016, review and summarize and report to the Prime Minister the disbursement data of the foreign capital plan in 2016 of ministries, central agencies and localities.

The ministries, central agencies and localities continue to closely monitor the disbursement of the capital plan in 2016 for projects, strictly implement the reporting regime on the implementation and disbursement of public investment plan in 2016 in the deadline as described.

the government has directed the market stability for the end of 2016 The administrative and service delivery units will declare and pay taxes electronically from August

VCN- The General Department of Taxation has made upgrading the electronic application system for the tax declaration ...

The ministries, agencies and localities which are allocated additional capital in the plan in 2016, promptly deploy and disburse the additional capital to speed up growth.

By Huong Diu/ Huyen Trang

Related News

Coconut is expected to become a billion-dollar export item

Coconut is expected to become a billion-dollar export item

VCN - Talking to the press at the ceremony to launch the first train carrying fresh coconuts to China, Mr. Luu Van Phi, Director of the Department of Industry and Trade of Tien Giang province, said that Vietnam's agricultural export potential, especially fresh coconuts, is expanding with the appearance of international railway transportation from Song Than station.
Plastic exporters interested in converting to recycling technology

Plastic exporters interested in converting to recycling technology

VCN - The Vietnamese plastics industry is facing major challenges in terms of plastic waste and recycling needs. Secretary General of the Vietnam Plastics Association Huynh Thi My (pictured) shared important information about the transformation in production of plastics enterprises to meet increasing export demands.
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
"One law amending four laws" on investment to decentralize and ease business challenges

"One law amending four laws" on investment to decentralize and ease business challenges

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") focuses on amending conflicting regulations that are causing obstacles, to facilitate investment, production, and business activities.

Latest News

Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister Pham Minh Chinh will lead a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit in Kunming, China’s Yunnan province, from November 5 to 8, at the invitation of Chinese Premier Li Qiang.
PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

Deputy Prime Minister and Foreign Minister Bui Thanh Son has granted and interview to Qatar's Asian Telegraph Newspaper on the outcomes of Prime Minister Pham Minh Chinh's visit to the Middle Eastern country from October 30 to November 1, as well as the cooperation prospects between the two countries.
Cuban top legislator concludes Vietnam visit

Cuban top legislator concludes Vietnam visit

Politburo member of the Communist Party of Cuba and President of the National Assembly of People’s Power Esteban Lazo Hernandez and the Cuban delegation successfully concluded their visit to Vietnam on November 3.
State President welcomes top legislator of Cuba

State President welcomes top legislator of Cuba

State President Luong Cuong met with Politburo member, President of the National Assembly of People’s Power, and President of the Council of State of Cuba Esteban Lazo Hernandez in Hanoi on November 2.

More News

Remove "bottlenecks" for economic breakthrough

Remove "bottlenecks" for economic breakthrough

VCN - In recent articles and speeches, General Secretary and President To Lam has repeatedly mentioned that the country is facing a new era of national growth. General Secretary and President To Lam also requested that the “bottlenecks” of the economy must be quickly removed, creating innovation and breakthroughs to complete the set tasks.
Int’l organisations, experts remain optimistic about Vietnam's economic outlook

Int’l organisations, experts remain optimistic about Vietnam's economic outlook

International organisations and experts have made positive comments on the Vietnamese economy, affirming their optimism about Vietnam's economic outlook.
Party chief clarifies major issues on new era of nation

Party chief clarifies major issues on new era of nation

Prof. Dr. To Lam, General Secretary of the Communist Party of Vietnam (CPV)’s Central Committee on October 31 had a discussion with participants of a training course for officials planned for the 14th Party Central Committee, focusing on a number of issues on a new era – the era of the nation’s rise.
Vietnam, others call on US to immediately end embargo against Cuba

Vietnam, others call on US to immediately end embargo against Cuba

Vietnam calls on the US to immediately end its embargo against and remove Cuba from the list of state sponsors of terrorism, moving towards normalising relations between the two countries based on equality, mutual respect, and respect for each other's national sovereignty and political independence, stated Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.
Vietnam

Vietnam's economy is recovering well

VCN - According to Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR), by the end of the third quarter of this year, Vietnam's economy had recovered relatively well amid optimism about the overall growth of the world economy in late 2024 and 2025.
“Carbon footprint” reduction needed for sustainable tourism development: insiders

“Carbon footprint” reduction needed for sustainable tourism development: insiders

Vietnam's tourism industry is making efforts to reduce its “carbon footprint” in pursuit of sustainability, focusing on developing “green tours”, upgrading transport infrastructure, and developing renewable energy-used vehicles, said insiders.
Concerted efforts underway to prevent IUU fishing

Concerted efforts underway to prevent IUU fishing

Vietnam is making thorough preparations to welcome the European Commission (EC)'s inspection delegation with the hope of having its “yellow card” on illegal, unreported and unregulated (IUU) fishing against the fisheries sector removed, thus boosting seafood exports to the EU market.
Vietnam needs to diversify supply chains for sustainable growth: economists

Vietnam needs to diversify supply chains for sustainable growth: economists

The diversification of global supply chains is creating significant opportunities for Vietnam to engage more deeply in international production networks. However, along with market expansion prospects, there are challenges posed by trade tensions, the reality of climate change accompanied by natural disasters, and the requirements for carbon emissions reduction, according to experts.
PM arrives in Abu Dhabi, beginning official visit to UAE

PM arrives in Abu Dhabi, beginning official visit to UAE

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam arrived at Zayed International Airport in Abu Dhabi at 11 am on October 27 (local time), starting their official visit to the United Arab Emirates (UAE) at the invitation of President Mohamed bin Zayed Al Nahyan.
Read More

Your care

Latest Most read
Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister to attend 8th Greater Mekong Subregion Summit

Prime Minister Pham Minh Chinh will lead a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit in Kunming, China’s Yunnan province, from November 5 to 8, at the invitation of Chinese Premier Li Qiang.
PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

PM's visit a significant milestone in Vietnam – Qatar relations: Vietnamese FM

Deputy Prime Minister and Foreign Minister Bui Thanh Son has granted and interview to Qatar's Asian Telegraph Newspaper on the outcomes of Prime Minister Pham Minh Chinh's visit to the Middle Eastern country from October 30 to November 1, as well as the cooperation prospects between the two countries.
Cuban top legislator concludes Vietnam visit

Cuban top legislator concludes Vietnam visit

Politburo member of the Communist Party of Cuba and President of the National Assembly of People’s Power Esteban Lazo Hernandez and the Cuban delegation successfully concluded their visit to Vietnam on November 3.
State President welcomes top legislator of Cuba

State President welcomes top legislator of Cuba

State President Luong Cuong met with Politburo member, President of the National Assembly of People’s Power, and President of the Council of State of Cuba Esteban Lazo Hernandez in Hanoi on November 2.
Remove "bottlenecks" for economic breakthrough

Remove "bottlenecks" for economic breakthrough

General Secretary and President To Lam requested that the “bottlenecks” of the economy must be quickly removed, creating innovation and breakthroughs to complete the set tasks.
Mobile Version