Prime Minister: Respond proactively, promptly and flexibly in all situations...

On the afternoon of April 10, Prime Minister Pham Minh Chinh chaired the 4th meeting of the Government Standing Committee to implement the conclusions of the Politburo, the directions of key leaders and General Secretary To Lam on proactive, timely, appropriate, flexible and effective responses to the new US tariff policy and solutions to stabilize the macro economy, promote growth, control inflation, and remove difficulties for businesses and people.

Concluding the meeting, Prime Minister Pham Minh Chinh stated that in the upcoming work, it is necessary to continue to grasp the current complicated situation and promptly propose and implement policies.

Regarding the goal, we must continue to stabilize the domestic situation, stabilize the people's hearts, stabilize investors, stabilize politics, ensure social order and safety, contribute to the goal of peace, stability, cooperation and development in the region and the world; continue to develop the country; improve the material and spiritual life of the people.

The specific goals are to stabilize the macro economy, promote growth, control inflation, ensure major balances, control public debt, government debt, foreign debt, and budget deficit; stabilize investor sentiment, help businesses and people adapt flexibly to the new situation, reduce dependence on one market, promote foreign investment, and attract better and higher-quality FDI.

In terms of perspective, this work must be placed in the overall development of the country and Vietnam's international relations, not to affect the overall 17 FTAs ​​signed with over 60 markets in the world; handling this issue must not affect other issues, and dealing with this partner must not affect other partners.

Prime Minister Pham Minh Chinh chaired the meeting (Photo: VGP)

At the same time, consider this an opportunity to restructure the economy towards greening, digitalization, circulation, rapid but sustainable, inclusive and comprehensive development; restructure enterprises, promote science and technology, innovation, high-quality investment, diversify markets, products, supply chains, promote businesses to grow, and participate more deeply in global supply chains.

The Prime Minister further noted the requirement to prevent unemployment; review affected subjects, especially in the textile, footwear, wood products, and seafood industries; inherit previous policies to design appropriate support policies, ensuring that the subjects of support are accurate, focused, and key; clearly defining the scope, subjects, duration, level, and resources of support.

On that basis, Deputy Prime Ministers and Ministers, based on their assigned functions, tasks and powers, direct quick, timely and consistent solutions, ensuring flexibility, suitability and effectiveness; what is immediate must be done immediately, what is long-term must be done step by step.

Regarding specific groups of tasks, the Prime Minister requested continued synchronous, harmonious, reasonable and effective coordination between monetary policy and fiscal policy.

Regarding fiscal policy, tax deferral and postponement solutions under the authority of the Government, ministries and branches must be implemented immediately; tax exemption and reduction policies must continue to be studied and proposed to the National Assembly for immediate issuance of a resolution. This must be done quickly in the overall foreign economic relations and integration; VTA tax refunds must be quick and timely, cutting down on administrative procedures; expanding the scope of subjects and extending the time for policies related to fees, charges, land rents, etc., including land rents for tea farmers. Reviewing import and export items to reduce taxes, ensuring suitable and balanced premises. The Ministry of Construction urgently submits tax policies for cement clinker products.

Promote public investment disbursement, free up resources for the economy, create jobs, and promote growth. The Ministry of Finance reviews public investment in recent years, assesses responsibilities, and sanctions must be imposed on those who fail to complete their public investment disbursement tasks, causing waste, and promptly report to competent authorities.

Regarding monetary policy, continue to stabilize exchange rates, strive to reduce interest rates through cost reduction, application of science and technology, digital transformation; implement debt rescheduling, extension, and deferment; propose and implement solutions, such as preferential credit packages for a number of fields and items such as the VND500,000 billion credit package for infrastructure, science and technology, stimulating domestic consumption, expanding credit packages that are being effectively implemented. Proactively ensure foreign currency for import and export, ensure foreign exchange reserves.

Resolutely cut down on administrative procedures, decentralize and delegate power in accordance with the direction of General Secretary To Lam and the Resolution of the Government, striving to reduce at least 30% of administrative procedure processing time by 2025; reduce at least 30% of business costs; and abolish at least 30% of business conditions.

Regarding the group of trade policy solutions, stating that we still have many traditional and potential markets that need to be exploited, the Prime Minister directed to exploit more effectively the 17 signed FTAs, continue to open new markets, such as the Middle East, Eastern Europe, South Asia, Egypt, South America, etc.; maximally and satisfactorily resolve trade issues that the United States is interested in, especially origin of goods, non-tariff barriers, intellectual property; continue to open markets with other partners and regions; actively exchange goods with countries, including the United States, especially aircraft, LNG, defense and security trade; stimulate domestic consumption.

The Prime Minister also emphasized solutions to promote production and business, support enterprises to transform and adapt to the new situation both in the long term and to solve immediate difficulties; promote all three sectors of industry, agriculture and services; promote start-ups, improve the investment and business environment, urgently deploy the Investment Support Fund and the National Investment One-Stop Portal.

Along with economic solutions, continue to effectively implement social security policies; review the number of affected workers and have policies clearly defining the scope, subjects, time, timing, and resources for loans and support, especially for unemployed workers, meritorious people, and the poor; accelerate the program to eliminate temporary houses, dilapidated houses, and social housing for workers.

Source: https://baodaknong.vn/thu-tuong-ung-pho-chu-dong-kip-thoi-linh-hoat-trong-moi-tinh-huong-khan-truong-ho-tro-doanh-nghiep-nguoi-dan-249055.html