Gov’t releases regular meeting Resolution for May

Illustration photo

The ministries, agencies and localities are tasked to focus on improving the quality of institution and policies, continue resolute reduction of unnecessary administrative procedures and business conditions as well as upgrade the investment and business environments and facilitate the development of production and manufacturing.    

The Government asks for seeking for new growth impetus for each sector and locality and speeding up and ensuring the quality of valid projects. 

The State Bank of Viet Nam is required to continue following, evaluating and forecasting the impacts of the world’s financial and monetary markets in line with actively and flexibly monitoring monetary policies to cope with external shocks as well as enhancing the restructuring of credit organizations and dealing with bad debts. 

The Ministry of Planning and Investment urgently completes the strategy on attracting new Foreign Direct Investment (FDI), especially in high-tech areas, paying attention to measures to accelerate connectivity and technology transfer between the FDI enterprises and State ones and soon submits to the PM for approval of the equitization of the State-owned enterprises in the 2019-2020 period. 

The Ministry of Industry and Trade is asked to follow, update and evaluate the external impacts, particularly effects of the trade deficit and trade protection trend, take measure to diversify the market, focusing on the development of domestic market, take advantages of signed agreements, especially the Comprehensive and Progressive Trans-Pacific Partnership, urge the ratification process of the EU-Viet Nam Free Trade Agreement and assess the multi-dimensional impacts of plans on increasing petrol and electricity prices as required by the National Assembly.

By Thuy Dung