Boosting the real estate and stock markets.
The Government has just issued Resolution No. 28 dated March 5, 2024, from the regular Government meeting in February 2024. Accordingly, the Government requests ministries, agencies, and localities to strengthen research, forecasting, and advisory work to serve socio -economic management in order to promptly have appropriate, effective, proactive policy responses that adapt to new situations and trends and adjust policies of other countries;
Absolutely no complacency, negligence, or loss of vigilance is allowed; within their authority or by reporting to competent authorities, they must immediately amend or supplement regulations that are not in line with reality to ensure both effectiveness and compliance in handling work, while also encouraging officials and civil servants to be dynamic, creative, and willing to think, act, and take responsibility for the common good.
Monitor and closely follow the implementation of issued mechanisms and policies, and the fulfillment of tasks assigned by the Government, the Prime Minister , and competent authorities, in order to expedite progress, resolve obstacles, and ensure the quality and timeliness of work.
Promptly direct functional forces to review and monitor the situation, detect negative and unusual signs in the performance of duties, especially in areas prone to violations and corruption, in order to strictly handle violations in accordance with the law, without exception or forbidden areas.
Accelerate the implementation of strategic breakthroughs in institutions, human resources, and infrastructure, and strongly promote the restructuring of the economy associated with the innovation of the growth model based on science, technology, and innovation.
In addition, effectively implement social security work, ensuring it is comprehensive, multi-tiered, modern, inclusive, and sustainable. Monitor and understand the labor situation to promptly support businesses in overcoming labor shortages and prevent disruptions in the labor supply;
Focus on developing high-quality human resources in new and prominent fields, industries, and professions (such as semiconductor chips, hydrogen, carbon credits, etc.), meeting the human resource needs for production and business operations of enterprises.
Continue to effectively implement Project 06 as directed by the Prime Minister in Directive No. 04 dated February 11, 2024, and the work of administrative procedure reform;
Focus on restructuring processes, cutting and simplifying administrative procedures based on electronic interconnection and data reuse to provide interconnected online public services, creating a substantive transformation in public service delivery, reducing inconvenience, time, and costs for citizens and businesses;
Enhance the real-time sharing of specialized databases within the scope of management so that the Government, the Prime Minister, central and local agencies can utilize and analyze them to support guidance, management, and decision-making.
The new salary system will be implemented from July 1, 2024.
In addition, ministries, agencies, and localities should proactively develop and issue regulations and carry out specific assigned tasks to implement the new salary regime from July 1, 2024, in accordance with the conclusions of the Central Committee and the Resolution of the National Assembly, ensuring quality, efficiency, and timely implementation; and strongly promote investment and development of state-owned corporations, general companies, and enterprises.
The government also requested the Ministry of Finance to take the lead and coordinate with relevant agencies and localities to manage expansionary fiscal policy in a rational, focused, and targeted manner; implement solutions to improve the efficiency of state budget revenue collection, expand the tax base, ensure accurate, complete, and timely collection, and combat tax evasion.
Review and consider issuing, within their authority or submitting to competent authorities for issuance, policies on tax and fee exemptions, reductions, and extensions, as well as land use fees, to further alleviate difficulties for production and business, create jobs, and contribute to economic growth. Strengthen savings in state budget expenditures, especially recurrent expenditures, and review and cut unnecessary spending items.
The State Bank of Vietnam is tasked with leading and coordinating with relevant agencies and localities to proactively, flexibly, promptly, and effectively manage monetary policy, combining it synchronously, closely, and harmoniously with fiscal policy and other macroeconomic policies;
Maintain a reasonable balance between exchange rates and interest rates in line with market conditions, macroeconomic developments, and monetary policy objectives; continue to encourage credit institutions to reduce costs in order to lower lending interest rates;
Review lending conditions, simplify lending processes and procedures to make them more convenient, transparent, flexible, feasible, and reasonable; restructure loans to alleviate difficulties for businesses and individuals, and increase access to credit .
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