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Focus on three drivers: export, investment and consumption to promote growth

Hà Nội MớiHà Nội Mới03/06/2023


Prime Minister Pham Minh Chinh concludes the regular Government meeting in May 2023. Photo: Duong Giang - VNA

Growth pressure in the remaining months of the year is huge.

Discussing at the meeting, the Deputy Prime Ministers, leaders of ministries, branches and localities said that in recent times, the Government and the Prime Minister have directed strongly and closely; operated flexibly and effectively, adapting to the new situation in the world and in the country. In particular, they directed members of the Government to work with localities to immediately remove obstacles for enterprises and investment projects; rectify and strengthen the responsibility in handling the work of ministries, agencies, localities, cadres and civil servants. Along with that, ministries, branches and localities have also made efforts to implement the tasks, solutions and directions and operations of the Government. Thanks to that, the socio-economic development situation has changed positively, in the context of many difficulties and challenges.

Along with analyzing objective causes due to the world situation, delegates also reflected on the fact that some regulations and administrative procedures are still complicated; some regulations are still overlapping, contradictory, inconsistent, unclear, and can be understood in many different ways, which can lead to legal risks for the implementing level; law enforcement organizations are still lacking in initiative and slow in response; a number of cadres and civil servants have a mentality of fear, fear of making mistakes, and fear of responsibility in performing public duties.

The Deputy Prime Ministers, leaders of ministries, branches and localities said that, based on the annual and entire-term targets, the growth pressure in the remaining months of the year is very large, so in the coming time, we must strive to achieve higher growth than the previous period; propose to continue to remove difficulties and obstacles and create better conditions for promoting growth, including the implementation of investment and construction projects, credit policies, tax policies, fees and charges, issues of work permits, entry and exit visas; reform of the salary regime; construction of a renewable energy center, a core technology center; early promulgation of a protection mechanism, encouraging cadres to dare to think and dare to do for the common good...

The Prime Minister frankly acknowledged the difficulties and limitations; acknowledged the opinions of the delegates; and at the same time directed and assigned tasks to immediately handle the proposals and recommendations of ministries and branches, especially those of localities, such as paying attention to the domestic market and promoting exports; speeding up the review and approval of provincial planning; and resolving construction material mines, etc.

Concluding the meeting, Prime Minister Pham Minh Chinh said that over the past 5 months, the Government, the Prime Minister, ministries, branches and localities have seriously grasped and closely followed the Resolution of the 13th National Party Congress, the Resolutions of the Central Committee, the Politburo and the National Assembly to lead, direct and operate. In particular, the Government, ministries, branches and localities have carefully prepared, ensured quality, ensured safety and served well the Mid-term Conference of the 13th Party Central Committee and the 5th Session of the 15th National Assembly. In particular, the Government has organized 26 working delegations to 63 provinces and cities nationwide to receive more than 1,000 opinions and recommendations and resolved 300 recommendations on-site from localities.

The Government has organized many meetings, business trips, issued documents to urge, focusing on 9 groups of issues: promoting disbursement of public investment, key national projects; reducing interest rates, restructuring debt, extending taxes; removing difficulties for the stock market, corporate bonds, real estate; promoting administrative reform, removing difficulties for people and businesses; handling difficult issues such as in the procurement of drugs and medical supplies; implementing the action program to implement the Resolution of the Politburo on developing 6 socio-economic regions; organizing national conferences on planning, export, economic diplomacy; handling outstanding and prolonged issues...

Thanks to that, in the first 5 months of 2023, the whole country continued to achieve the general goals of stabilizing the macro economy, controlling inflation, promoting growth, ensuring major balances, reducing public debt, reducing government debt, and reducing spending debt. Production, business, export, enterprises, attracting foreign direct investment (FDI), and the real estate market have initially changed. The fields of culture, society, and sports continue to develop. People's lives continue to be stable, social order and safety are ensured, national defense and security are maintained, foreign affairs and international integration are promoted.

Prime Minister Pham Minh Chinh chairs the regular Government meeting in May. Photo: Duong Giang - VNA

Focus on prioritizing growth promotion

Regarding tasks and solutions for June and the coming time, after analyzing the international and domestic situation, the Prime Minister directed to continue to consistently implement the goal of maintaining macroeconomic stability, controlling inflation, promoting growth, and ensuring major balances of the economy. Implement a firm, proactive, flexible, timely, and effective monetary policy, in coordination with a reasonable, focused, and key expansionary fiscal policy. Manage exchange rates and interest rates flexibly and appropriately; focus on directing the banking system to reduce costs, strive to continue reducing lending interest rates; ensure liquidity of the credit institution system; strictly control credit quality, and limit the occurrence of bad debts. Strengthen the management of State budget revenue, ensure correct, sufficient, and timely collection; thoroughly save expenditures, especially regular expenditures.

From the perspective of prioritizing growth promotion, the Prime Minister directed ministries, branches and localities to focus on implementing tasks and solutions to remove difficulties for production and business, support enterprises in administrative procedures, interest rates, search and expansion to new markets; promote three growth drivers including export, investment and consumption; make good use of opportunities and create new development space; continue to reform administrative procedures; apply science, technology, digital transformation, etc.

“Ministries, sectors and localities must stop shirking responsibility; persistently increase decentralization and delegation of power; encourage people to dare to think, dare to do, and dare to take responsibility,” the Prime Minister requested.

The Prime Minister also directed local leaders to base on the Resolutions of the Party, the National Assembly, the Government and Party Committees and People's Councils at all levels to lead and direct; resolutely establish planning, complete planning work in the fourth quarter; accelerate disbursement of public investment capital, implement the recovery program, 3 National Target Programs; focus on site clearance, prepare materials for key projects and works; promote administrative procedure reform at all levels of government; promote the removal of difficulties for production and business; proactively and actively review and have appropriate mechanisms for real estate and industrial projects in the area, pay attention to policies for workers; strengthen discipline and order; handle stagnation through personnel work; research social security policies and submit them to the Government for approval...

The Prime Minister assigned specific tasks to each ministry, sector and agency in: managing interest rates, reducing lending costs, increasing access to capital for priority sectors, focusing on handling weak banks, ensuring system safety, liquidity, handling bad debts, promoting credit packages such as the VND120 trillion credit package for social housing development; strengthening budget expenditure management, saving regular expenditures, accelerating VAT refund policies, preparing additional tax exemption and reduction policies, promoting the development of the corporate bond market; promptly completing the capital allocation plan, promoting disbursement of public investment capital and 3 National Target Programs; reviewing and cutting down business conditions, creating favorable conditions for people and businesses; removing difficulties for the real estate market, fire prevention and fighting regulations; focusing on implementing the program of 1 million social housing apartments; Promote the implementation of key national projects, organize public-private partnership projects, especially the implementation of the Long Thanh International Airport project.

The Prime Minister directed the organization of large-scale industrial parks; promoted domestic consumption; expanded export markets, exploited the effectiveness of signed free trade agreements; implemented the VIII power plan and handled difficulties in implementing the VII power plan; urgently handled 4/12 remaining backlog projects; ensured food for consumption and export, removed the IUU yellow card; guided and removed difficulties related to land, resources, and environment; met labor supply and demand, proposed solutions to support workers; overcame the shortage of drugs, medical supplies, and vaccines; prepared for the new school year, especially in the issue of textbooks, and at the same time handled emerging issues such as school drugs; handed over the Hoa Lac High-Tech Park from the Ministry of Science and Technology to the Hanoi People's Committee for management; promoted policy communication, policy explanation, introduction, and replication of good models in society...

"Members of the Government; leaders of ministries, branches and localities should promote their sense of responsibility, public ethics and exemplary role, be proactive, dare to think, dare to do, overcome difficulties to make the country develop higher in each quarter than the previous quarter, higher in each year than the previous year; create a common impetus to make the country develop as expected," the Prime Minister wished./.



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