The Official Letter of the Prime Minister on drastic and effective implementation of tasks and solutions to overcome difficulties for production and business of people and businesses

Published on 29 - 05 - 2023

On 26/5/2023, the Prime Minister issued the Official Letter No. 470/CD-TTg on drastic and effective implementation of tasks and solutions to overcome difficulties for production and business of people and businesses.

Accordingly, the Prime Minister requested ministers, heads of ministerial-level agencies, government-attached agencies, and Chairmen of the People's Committees of the provinces and centrally-run cities to focus on drastic and effective direction, make a specific plan and deadline for completing the tasks and solutions set out in the fields in order to remove difficulties and obstacles for production and business, and create favorable conditions for businesses and people according to Resolution No. 01/NQ-CP dated January 6, 2023 of the Government on the main tasks and solutions for the implementation of the socio-economic development plan, the state budget estimate and the improvement of the business environment, increasing national competitiveness in 2023, the Decrees and Resolutions issued by the Government, especially from 2023, and the recent Official letter and Directives of the Prime Minister in a substantive and effective manner for people and businesses to be supported and truly enjoy; which continues to focus on the following tasks:

- Due to the decline and economic difficulties in the traditional and large markets such as the US, EU, Japan, Korea..., the consumption demand has not recovered in the short term, causing a decline, even breaking supply chains such as electronic products, textiles, leather and footwear, minerals, furniture..., the Ministry of Industry and Trade was assigned to take the lead together with the Ministry of Foreign Affairs, relevant ministries and branches to effectively implement the signed Free Trade Agreements (FTAs); step up negotiations and signing of new trade agreements, commitments and associations, including the FTA with Israel and agreements with other partners (UAE, MERCOSUR) to diversify markets and products, supply chains, actively look for output markets for Vietnamese products and goods, especially those with strengths, potentials and advantages.

- The State Bank of Vietnam has made many efforts to contribute to controlling inflation and directing to lower the operating interest rate, but the interest rate level, especially the timely lending interest rate is still high, the regulations on access capital is still difficult, support packages are slow to disburse... The State Bank of Vietnam is requested:

+ To continue to drastically direct the review and direct the commercial banking system to reduce costs, apply digital transformation, enhance effective management, reduce administrative procedures, and promote innovation. .. to continue to reduce lending interest rates practically, to the right subjects in order to solve difficulties for production and business, especially in terms of supply chain disruptions and increased production costs, contributing to a harmonious reasonable and effective combination between cheap labor and low-cost capital, contributing to reducing costs, enhancing the competitiveness of enterprises, creating conditions for enterprises to both develop in breadth and in depth.

+ To continue to review credit packages of VND 40,000 billion and VND 120,000 billion with more timely, favorable, open, flexible, feasible and reasonable loan conditions...; at the same time, strengthening supervision and inspection to prevent policy profiteering and law violations.

- To request the Ministry of Finance to urgently inspect, evaluate and urge the General Department of Taxation to immediately, without delay, guide the dossiers for consideration and application for VAT refund quickly, promptly and effectively for people and businesses (completed before May 28, 2023); effectively implement policies on extension, exemption and reduction of taxes, fees, charges and land rents approved by competent authorities and continue to propose policies if there is room left.

- To request ministers, heads of ministerial-level agencies, government-attached agencies, and Chairmen of the People's Committees of provinces and centrally-run cities:

+ To continue to drastically direct, review, inspect, and cut out unnecessary administrative procedures that increase costs, cause troubles, congestion and negative impacts for people and businesses, and actively implement the application of digital transformation; inspect, review and handle officials who are afraid of responsibility, avoid, push, not dare to perform functions and tasks under their authority, and solve public services for people and businesses quickly, promptly, effectively and in accordance with regulations.

+ To directly direct the implementation and take responsibility for the results of implementation of policies and solutions to support people and businesses that have been promulgated and directed by the Government and the Prime Minister; periodically before the 25th of each month, send to the Ministry of Planning and Investment about the implementation results and proposals and recommendations (if any) for the Ministry of Planning and Investment to summarize and report at the monthly Government meeting.

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