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.
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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

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