Will handle 8 projects, units with long-term losses, 6 weak banks

"In the first quarter of 2023, the Government will resolutely remove difficulties in bidding and purchasing medicines, supplies, and medical equipment; focus on directing the handling of 8/12 ineffective projects and enterprises with prolonged losses, 6 weak commercial banks... thereby promoting the role of State-owned corporations and groups."

Deputy Prime Minister Le Minh Khai emphasized this when reporting on the results of the implementation of the socio-economic development plan and the State budget for 2022 and the implementation of the socio-economic development plan and the State budget in the first months of 2023, at the second session of the 5th session of the 15th National Assembly.

The Deputy Prime Minister assessed that since the beginning of 2023, the world situation has changed rapidly and complicatedly, the consequences of the prolonged COVID-19 pandemic, the conflict in Ukraine, increasingly fierce strategic competition between major countries, high inflation... have more or less affected Vietnam.

Deputy Prime Minister Le Minh Khai: Will handle 8 projects, units with long-term losses, 6 weak banks - 1 — Deputy Prime Minister Le Minh Khai spoke on May 22.

Our country faces a number of major challenges in the transition process: its scale is still modest, its resilience and competitiveness are limited, and its labor productivity is not high, especially in terms of export, trade, investment, finance, etc.

Correctly assessing the difficult situation, from the beginning of the year, the Government directed ministries, branches and localities to resolutely implement tasks and solutions for socio-economic development, state budget estimates and improving the business environment, enhancing national competitiveness.

The Government also noted that localities and units must maintain macroeconomic stability, control inflation, promote growth, remove difficulties for production and business, and promote the allocation and disbursement of public investment capital...

Along with that is the task of implementing the Resolution of the Politburo on socio-economic development, ensuring national defense and security in 6 regions across the country in conjunction with promoting regional and local investment.

The Government established five working groups to promote disbursement of public investment capital, extend tax and land use fee payment deadlines, restructure debt repayment deadlines, extend debt payments, and resolutely remove difficulties for the corporate bond, stock, and real estate markets.

Deputy Prime Minister Le Minh Khai: Will handle 8 projects, units with long-term losses, 6 weak banks - 2 — National Assembly deputies listen to and study the Government's report.

The Deputy Prime Minister also affirmed that the unfavorable and unpredictable developments in the world continue to have a major impact on domestic production and business activities. Specifically, economic growth in the first quarter is estimated at 3.32% compared to the same period last year, lower than the scenario in Resolution No. 01 - (5.6%).

Production, business, industrial production, export, investment, FDI attraction, etc. are still facing difficulties. The domestic market still has a lot of room but has not been effectively exploited. Pressure on macroeconomic management is increasing. Production, business, investment are facing many difficulties, import and export are decreasing, etc., which will likely impact the State budget revenue in the second quarter and the whole year, creating pressure on fiscal policy management.

Deputy Prime Minister Le Minh Khai emphasized that the task in the coming months is to focus on reviewing and removing difficulties to soon put key industrial works and projects into operation, contributing to increasing new production capacity and promoting growth. Focus on developing services with potential, advantages, high technology applications and high added value.

He requested localities and units to accelerate the disbursement of public investment capital, striving for a disbursement rate of at least 95% in 2023. At the same time, units need to focus on attracting investment capital sources and encouraging investment projects in the form of public-private partnerships (PPP). Proactively review and transfer capital according to their authority between slow-disbursement projects to projects with better disbursement capacity and lacking capital.

Ha Cuong

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