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| Modern paper production lines in Bac Giang Import-Export Joint Stock Company__Photo: Danh Lam/VNA |
Prime Minister Pham Minh Chinh has signed a telegram requesting the implementation of key tasks and solutions to boost growth, curb inflation, and stabilize macro-economy in July and the third quarter of 2024.
In telegram 71/CĐ-TTg of July 21, the governmental leader demanded extra efforts to promptly address difficulties for businesses and people so as to fulfil the targets set in the 2024 socio-economic development plan.
The PM ordered the Ministry of Finance to effectively implement policies on extending payment deadlines of taxes and land use levies, reducing value-added tax rates, and lowering fees and charges; propose to the Government a decree on the registration fee rates for domestically manufactured and assembled automobiles in July.
He also asked the State Bank of Vietnam (SBV) to effectively utilize policy tools to regulate exchange and interest rates in line with macroeconomic developments and set targets, and effectively carry out measures to handle non-performing loans and improve credit quality.
The central bank was also required to coordinate with relevant agencies to boost the implementation of the VND-120-trillion (USD 4.7 billion) social housing credit package and the VND-30-trillion credit support package for the agriculture-forestry-fishery sector.
The cabinet leader ordered the acceleration of public investment disbursement, requiring ministries, agencies, and localities to consider it a key political task, address shortcomings to speed up the disbursement and effectively use official development assistance (ODA), and resolutely handle cases of deliberate delay in capital allocation, implementation, and disbursement, and those causing losses and wastefulness.
The leader also asked for more efforts to promote production and export, develop the domestic market, ensure energy and food security; and at the same time strengthen measures to respond to climate change and natural disasters, continue to promote the development of green energy and clean energy.
He also asked for the improvement of institutions, mechanisms, laws and policies to immediately remove difficulties and obstacles and unleash resources to promote socio-economic development; and speed up reform, reduction, simplification of administrative procedures, digital transformation, and improvement of the business and investment environment to remove difficulties, create convenience, and reduce costs for people and businesses.__(VLLF)
