Prime Minister Pham Minh Chinh has just signed and issued Directive No. 29/CT-TTg dated August 27, 2024 on stimulating consumption, supporting production, business and developing the domestic market.
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| Prime Minister Pham Minh Chinh has just signed and issued Directive No. 29/CT-TTg dated August 27, 2024 on stimulating consumption, supporting production, business and developing the domestic market. (Source: VNA) |
The Prime Minister's Directive clearly states: In order to promptly remove difficulties for production and business activities, stimulate consumption, promote domestic market development, contribute to promoting growth, maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy, the Prime Minister requests Ministers, Heads of ministerial-level agencies, Government agencies, Chairmen of People's Committees of provinces and centrally run cities, industry associations and enterprises to focus on implementing the following tasks and solutions:
I. General tasks
- Early commissioning of works and investment projects to create new production capacity. In particular, focusing on reviewing and prioritizing solutions to remove difficulties in disbursing public investment capital, credit packages, land as well as policies to attract social resources to participate in implementing projects suitable to the scale and market signals.
- Unblock the domestic market, have policies to encourage consumption, encourage investment in areas where domestic production has strengths and domestic production capacity and market demand.
- Review and have policies to support domestic enterprises to participate in the supply chain of supporting industrial products of foreign-invested manufacturing and exporting enterprises in Vietnam.
- Implement regional connectivity solutions to reduce transportation costs, facilitate the circulation of goods between regions; support businesses to shift investment to regions with competitive advantages in factors such as production and business premises, abundant labor resources and cheap labor costs to reduce production costs.
- Ministries, agencies and localities deploy the application of digital transformation technology, artificial intelligence (AI), big data, and blockchain technology to continue promoting reform and simplifying administrative procedures.
- Promote domestic market trade promotion, connect supply and demand, support market information provision, and legal advice for small and medium enterprises.
- Continue to strictly implement Directive No. 03-CT/TW dated May 19, 2021 of the Secretariat on strengthening the Party's leadership over the Campaign "Vietnamese people prioritize using Vietnamese goods" in the new situation and Directive No. 28/CT-TTg dated October 26, 2021 of the Prime Minister on strengthening the implementation of the Campaign "Vietnamese people prioritize using Vietnamese goods" in the new situation.
II. Specific tasks
1. Ministry of Industry and Trade
- Promote the implementation of solutions to link production with distribution of goods, strengthen linkages in the value chain of goods associated with good implementation of regulations on quality and food safety, and form chains of purely Vietnamese goods. Continue to strongly implement activities to connect supply and demand of goods, to promote the consumption of domestically produced goods in traditional and modern distribution channels; promote the implementation of approved projects and target programs on trade and domestic market development.
- Organize promotional programs on a regional and national scale, coordinate with localities to strengthen supply-demand connection activities, distribute OCOP products, bring goods to remote areas, industrial parks to stimulate domestic consumption.
- Encourage e-commerce platforms operating in Vietnam to implement programs to consume domestically produced products and goods. Launch a movement to consume Vietnamese goods and local products through Vietnamese booths and Vietnamese products on e-commerce. Organize activities to promote regional linkages in e-commerce, cross-border e-commerce promotion activities with countries in the region and major import markets.
- Organize programs and events to support people and businesses in applying digital technology, developing new models in buying and selling goods online, supporting Vietnamese businesses to connect and expand the market for domestically produced products.
- Organize connections between domestic enterprises participating in the supply chain of foreign-invested enterprises in Vietnam and large global enterprises to promote the consumption of domestically produced goods.
- Implement solutions to support businesses in handling issues related to trade defense investigations, origin fraud, technical barriers related to the environment, sustainable development, green transformation to promote the export of key export products of Vietnam to major markets such as China, EU, USA, Japan, Korea... continue to take advantage of and promote cooperation between Vietnam and member countries of sub-regional cooperation mechanisms to seek aid and assistance from development partners, opening new markets for Vietnamese goods.
- Coordinate with the Ministry of Finance to promptly research and develop a mechanism to strictly control imported goods via e-commerce, which is currently putting great pressure on domestically produced goods, affecting the consumption of products of domestic enterprises.
- Review and handle backlogs in important industrial and processing industry production projects; promptly remove difficulties so that these projects can soon come into operation, contributing to increasing production capacity for the economy.
- Continue to implement solutions to stabilize production, balance supply and demand of basic and essential goods to serve production and consumption at the end of the year.
- Promote investment attraction for projects to produce import-substituting goods, increase production capacity and create more jobs, gradually reducing dependence on foreign basic raw materials and fuels.
2. Ministry of Finance
- Operate a reasonable, focused, and flexible expansionary fiscal policy, in synchronous, harmonious, and flexible coordination with monetary policy and other macroeconomic policies to promote growth, stabilize the macro-economy, control inflation, and ensure major balances of the economy.
- Directing to speed up procedures for disbursing funds to implement trade promotion programs of ministries, branches and localities to promote consumption of domestically produced goods.
- Coordinate with the Ministry of Industry and Trade to research solutions to strictly control imported goods via e-commerce in accordance with Vietnam's international commitments.
- Coordinate with relevant ministries and agencies to review and propose tax policies for projects attracting investment in the production of goods to replace imported goods.
3. State Bank of Vietnam
- Actively, flexibly, promptly, effectively, harmoniously and closely manage monetary policy with fiscal policy and other macroeconomic policies. Manage credit in harmony with macroeconomic developments, flexibly manage exchange rates according to the market to stabilize the foreign exchange market... contributing to supporting economic growth and controlling inflation. Continue to direct the implementation of credit growth solutions, directing credit to production, business, priority sectors and growth drivers.
- Direct credit institutions to: research and develop credit products and banking services specifically for the consumer sector, increase lending for life and consumption. Promote lending through electronic and online forms; simplify loan procedures and consumer loans, create favorable conditions for people and businesses to access loans to promote consumption of domestically produced goods. Strengthen inspection and supervision of the implementation of credit institutions to ensure that State policies reach people and businesses promptly and to the right target.
- Directing the acceleration of preferential credit programs and policies such as: The 140 trillion VND credit package program for loans to develop social housing; The project "Investing in the construction of at least 1 million social housing units for low-income earners and industrial park workers in the period 2021-2030"; expanding the 30,000 billion VND loan program for the forestry and fishery sectors.
4. Ministry of Agriculture and Rural Development
- Direct localities to promote the development of production, consumption and export of agricultural products for concentrated farming and growing areas. Coordinate with the Ministry of Industry and Trade, People's Committees of provinces and cities to effectively implement trade promotion programs, build brands, connect and support the consumption of agricultural products in concentrated production areas; promote green and clean production, ensuring food hygiene and safety.
- Preside over and coordinate with relevant agencies to focus on removing difficulties and obstacles related to procedures for declaring and conforming to veterinary medicine standards; promote the opening of official agricultural product export markets to neighboring markets such as China, urgently negotiate and reach an agreement with relevant Chinese agencies to reduce the rate of animal and plant quarantine, and facilitate agricultural products entering the Chinese market.
5. Ministry of Construction
- Preside over and coordinate with ministries, branches and localities to have appropriate policies to promote the safe and sustainable development of the real estate market, build housing, especially social housing to stimulate consumption of domestically produced construction materials such as cement, steel, bricks, tiles, etc.
- Research, develop and promulgate a list to promote and encourage the consumption of domestically produced construction materials.
6. Ministry of Planning and Investment
Continue to promote the implementation of solutions to improve the investment and business environment, simplify investment processes and administrative procedures to facilitate investment and business activities of people and enterprises; preside over and coordinate with relevant ministries and branches to study and propose competent authorities to consider incentive policies for investment projects using domestically produced raw materials and goods. Regularly review and urge the implementation of public investment projects and take measures to handle slow-moving projects.
7. People's Committees of provinces and centrally-run cities
- Directing competent authorities to implement solutions in accordance with the law and in accordance with local conditions in removing difficulties in terms of premises to attract and expand investment in production and business of enterprises... to create new production capacity.
- Organize the domestic market well, traditional and modern distribution channels, facilitate the consumption of goods; Strengthen regional and area connections to exchange potentials and strengths, focusing on logistics connections, facilitating the transportation of goods.
- Preside over and coordinate with relevant ministries, branches and agencies to implement trade promotion programs, stimulate consumption, support the consumption of locally produced goods, especially at the end of the year to maximize the domestic market. Direct the distribution system in the area to ensure the supply of essential goods.
8. Industry Associations , Corporations, General Companies
- Industry associations proactively grasp information, market demand, difficulties and problems of member enterprises in production and consumption of goods to promptly propose to competent authorities measures to support and resolve.
- Corporations and General Companies focus on innovating management, enhancing research and development, improving competitiveness, reducing costs, reducing product prices, improving operational efficiency; increasing the use of raw materials and products of domestic manufacturing enterprises; coordinating with ministries, branches, localities, and industry associations in implementing promotional programs to stimulate consumption of products and goods.
Direct member enterprises to develop effective production and business plans, improve product competitiveness, focus on exploiting domestic market areas with demand but limited capacity to meet demand; Provide information and propaganda for enterprises in investment activities in projects to produce import-substitute goods.
9. Ministers, Heads of ministerial-level agencies, Government agencies, Chairmen of People's Committees of provinces and centrally-run cities, relevant organizations and units shall, based on their assigned functions and tasks, focus on strictly implementing this Directive. During the implementation process, if there are any difficulties, problems or matters beyond their authority, they shall report to the Prime Minister for consideration and decision.
Source: https://baoquocte.vn/kich-cau-tieu-dung-ho-tro-san-xuat-kinh-doanh-phat-trien-thi-truong-284147.html
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