ANTD.VN - The Prime Minister requested to carefully assess the ability to pay corporate bonds, develop specific scenarios, and avoid being passive, surprised, and negatively affecting market development.
Prime Minister Pham Minh Chinh has just signed Official Dispatch 1177/CD-TTg dated November 23, 2023 on continuing to resolutely implement solutions to enhance access to credit capital, promote the development of the corporate bond market, and real estate effectively, safely, healthily, and sustainably.
Thoroughly evaluate the ability to pay corporate bonds
In the dispatch, the Prime Minister assigned the Ministry of Finance to urgently review and carefully and specifically assess the payment capacity of organizations issuing corporate bonds, especially bonds due for payment in late 2023 and 2024;
Thereby, proactively building scenarios, assessing impacts and having specific and effective plans and measures to handle according to authority, contributing to ensuring safety and security of the financial and monetary markets; avoiding passivity, surprise and negativity to the rapid and sustainable development of the economy.
The Ministry of Finance also needs to closely monitor and accurately assess the ability and payment plans of issuing enterprises, especially those that are still facing difficulties and may have risks in their ability to repay debts, in order to proactively take measures and solutions to stabilize the market, requiring enterprises to prioritize resources to fully perform their obligations according to regulations, ensuring the legitimate and legal rights and interests of investors...
The Ministry is also assigned to urgently review and evaluate the implementation of Decree No. 08/2023/ND-CP, propose specific plans, mechanisms, and appropriate and timely policies, and promptly report to the Prime Minister, so as not to delay and affect market development...
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Prime Minister continues to request to remove difficulties for corporate bond market |
The Ministry of Finance needs to proactively further strengthen state management of corporate bond issuance within its authority, especially in combating negativity, taking advantage of policies and other unhealthy activities.
In particular, the Ministry of Finance is also assigned to closely coordinate with relevant ministries and agencies to focus on implementing information and propaganda work well. Strengthen strict censorship, detect, prevent and handle organizations, groups and social information channels that propagate distorted and inaccurate information, inciting people; promptly and strictly handle cases of law violations, causing insecurity, disorder and social safety.
Promote the removal of credit and legal obstacles
For the State Bank, the Prime Minister assigned to closely monitor developments in the real estate market, corporate bonds, and real estate credit to have solutions to ensure the safety of the banking system, while contributing to solving difficulties, removing bottlenecks, promoting economic growth, and ensuring the healthy and sustainable development of the real estate market and corporate bonds.
Continue to conduct thorough research and find feasible solutions to drastically and effectively implement the 120,000 billion VND social housing credit program... Urgently report to the Prime Minister in November 2023 on the results of implementing this credit package.
Resolutely, strongly and effectively implement solutions to facilitate businesses and people to access credit capital. Further promote administrative procedure reform, review and resolutely cut down on inappropriate administrative procedures that are costly, troublesome and increase costs for people and businesses.
Continue to direct credit institutions to review and reduce operating costs, simplify procedures and lending conditions, reduce lending interest rates; promote the spirit of social responsibility, mutual assistance, and business ethics of the credit institution system...
Timely detect and strictly handle commercial banks that add unfeasible and illegal requirements, causing difficulties and inconveniences for businesses, real estate projects and home buyers in accessing credit capital.
Urgently review and evaluate the implementation of Circular No. 02/2023/TT-NHNN, Circular No. 03/2023/TT-NHNN, Circular No. 06/2023/TT-NHNN and related Circulars and regulatory documents to proactively and promptly review, amend, supplement, and issue new regulatory documents to promptly resolve problems arising in practice.
In addition, the Ministry of Construction is assigned to continue promoting the role and responsibility of the Head of the Prime Minister's Working Group, proactively, actively, and promptly guiding localities and enterprises to remove difficulties and obstacles to complete the legal procedures of projects, speed up the implementation of real estate projects, especially housing projects, large urban areas, and industrial parks, with spillover effects and feasibility when difficulties and obstacles are removed.
Strengthen inspection and examination of the settlement of administrative procedures related to real estate projects, promptly provide guidance on problems and resolutely handle cases that cause difficulties, inconveniences, and roundabout handling that cause delays in settling administrative procedures for people and businesses.
The Ministry of Natural Resources and Environment promptly guides localities to resolve problems related to land allocation and lease, especially land price determination, land management and use.
Strengthen inspection and examination of the settlement of procedures for determining land prices for real estate projects, promptly detect and resolutely handle cases that cause difficulties, inconvenience, roundabout handling that causes delays and signs of law violations...
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