Prominent directions of Government, PM in August 2017
15:08 | 31/08/2017

VGP – The Viet Nam Government Portal (VGP) reviewed the outstanding directions and decisions made by the Government and the Prime Minister in August 2017.

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Action program on forest protection and development

On August 8, 2017, the Government issued Resolution No. 71/NQ-CP on its Action Program to  implement the Party Central Committee’s Secretariat’s Directive No. 13-CT/TW dated January 12, 2017, on strengthening the Party leadership over forest management, protection and development.

Financial regimes for credit institutions and foreign bank branches

The Government issued Decree No. 93/2017/ND-CP on August 7, stipulating financial regimes applicable to credit institutions and foreign bank branches, and financial supervision and assessment of effectiveness of state capital investment at credit institutions with wholly state-owned charter capital and credit institutions with state capital.

Credit institutions and branches of foreign banks are obliged to publicize their expenditures in line with the Law on Credit Institutions and other relevant legal regulations.

20 commodities and services under the State’s monopoly

On August 10, the Government issued Decree No. 94/2017/ND-CP in regards to the commodities, services and localities implementing state monopoly in trade activities. Accordingly, the State holds monopoly over 20 commodities and services in trade activities.

PM urges strengthening power saving

The PM signed Directive No. 34/CT-TTg on August 7, requesting ministries, ministry-level agencies, government bodies, provincial-level People’s Committees, businesses, social and mass organizations and households to seriously implement a number of power saving solutions.

Enhancing competitiveness of export items

In his Decision No. 1137/QD-TTg dated August 3, 2017, the PM approved a project on strengthening the competitiveness of Viet Nam’s export items until 2020, with orientations towards 2030.

The project targets to improve the quality and the added value of the products with export advantages, whilst increasing the added value of key agro-fisheries export items by 20% compared to at present, by 2020. It also aims to gradually raise the proportion of agro-fisheries exports to the markets of developed economies (such as the EU, Japan, the Republic of Korea…), and strive for an average annual export growth rate of 8% in the period of 2016-2020.

Roadmap for bond market development

On August 14, 2017, the PM issued Decision No. 1191/QD-TTg approving the bond market development roadmap in the period of 2017-2020, with a vision to 2030.

List of State-owned enterprises to be divest by 2020

Deputy PM Vuong Dinh Hue signed Decision No. 1232/QD-TTg dated August 17, 2017, approving the list of enterprises from which the State will withdraw capital, and the minimum divestment rate by the year for enterprises with state capital in the period of 2017 – 2020.

According, the State will withdraw its capital from 406 arrivals of enterprises, which will be divided by the year so that ministries and localities can implement capital divestment.

                                                                                                                        By Vien Nhu

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