Gov't mulls over measures to remove bottlenecks and address stagnation
17:05 | 05/05/2020

VGP – During the Cabinet meeting on May 5, Minister of Planning and Investment Nguyen Chi Dung reported on a draft resolution concerning major tasks and solutions to continue removing difficulties for production and business, promoting the public investment disbursement, and ensuring social order and safety amid the COVID-19 pandemic.

Minister of Planning and Investment Nguyen Chi Dung briefs about the draft resolution at the Cabinet meeting on May 5. Photo: VGP

The draft resolution mentioned three groups of detailed tasks and solutions that are assigned according to the competence, including one that could be immediately decided by the Government and the Prime Minister, another that must be submitted by the Government to the National Assembly Standing Committee and the National Assembly for consideration and decision, and one that the Government directs ministries, agencies and localities to immediately implement within their jurisdiction.

Dung said that opinions from ministries, agencies, localities and business associations mainly touched on some groups of issues concerning the exemption and reduction of taxes, fees and charges; the rescheduling and extension of tax payment (till the end of December 2020 concerning export duty and special consumption tax for domestically assembled and manufactured cars); the application of special entry procedures to foreign experts, business managers and skilled workers; and the acceleration of public investment capital disbursement.

According to the draft resolution, the Government would continue removing difficulties for production and business, supporting those affected by COVID-19, attracting social investment capital, and speeding up the implementation and disbursement of public investment capital.

To lift obstacles for production and business and supporting those affected by the pandemic, apart from solutions on the exemption, reduction, rescheduling and extension of land rent, tax, charge and fee payment, the Government plans to reduce interest rates by 2% for direct and indirect loans to the small and medium-sized enterprises (SMEs) who are subject to support from the SME Development Fund.

Regarding the attraction of social investment capital, ministries, agencies and localities should urgently accelerate the progress of looking into and settling investment procedures for projects as proposed by businesses, the draft resolution said./.

 By Vien Nhu

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