The Prime Minister has requested ministries and localities continueefforts to expedite adopted measures and solutions stated in Party,National Assembly and Government resolutions.
The move aims toproactively deal with declining oil price-triggered State budgetcollection decrease to ensure budget balance to the 2015 estimatesapproved by the National Assembly.
In his related directive,ministries and localities are asked to focus on addressing difficultiesfor businesses to improve their operations and competitiveness, carryingout economic restructuring and shifting growth model efficiently, andaccelerating exports while managing imports, towards the set GDP targetof 6.2 percent.
Approved plans on restructuring the economy,sectors, and business fields must be sped up to enable the State-ownedenterprises rearrangement project for 2014-2015 to accomplish to itsdeadline, he said.
More support is required for businesses’efforts to increase sales, reduce inventories, use new technologies, andimprove their product quality.
The PM asked the State Bank ofVietnam to work together with other ministries and localities inhandling the monetary policy in a proactive, flexible fashion in closeconnection with the fiscal policy to manage inflation, stabilise themacro-economy and spur economic growth.
Interest rates andforeign exchange rates must be regulated with regard to developments inthe macro-economy, inflation and the monetary market while businessesand economic groups are assisted in accessing credit sources they needfor expanded production.
The Vietnam Oil and Gas Group isrequested to keep a close eye on crude oil price fluctuations in theglobal market and proactively work with their joint venture partners andproduction managers to screen production cost and optimise productionactivities.
Solutions responding to the worst oilprice scenarios must be put in place while works on stockpiling crudeoil to ensure energy security and investment efficiency need to bedeployed productively.
The Finance Ministry isasked to reinforce regulatory tools to manage the local market, andgoods prices and quality, especially formula milk price and transportcost.
The PM has required ministries and localities to enhancetax collection and take measures against tax evasions and transferpricing to determinedly fulfill 2015 tax collection figure assigned bythe National Assembly.
The Ministry of Finance, together withother ministries and localities are asked to follow closely the economicperformance and crude oil prices in order to adjust import tarifflevied on petroleum products. They are not allowed to propose or issuenew policies that could reduce the State budget, except for cases ofcutting taxes in compliance with international commitments.
ThePM has requested non-issuance of any policies or mechanisms that wouldcost the State budget when a secured source is absent.
Ministriesand localities need to quicken the disbursement of development capital,especially those sourced from the State budget, Government bonds, andOfficial Development Assistance (ODA).
Expenditures for meetings,seminars, festivals, construction ground-breaking and inauguralceremonies, and foreign business trips, covered by the State budget,must be minimised and declared publicly, among others.
State budget overspending must be maintained within the level already decided by the National Assembly, the PM said.
Localitiesshould proactively map out their own measures to accomplish 2015 Statebudget collection tasks while working to ensure their budget allocatedis used correctly, economically, and efficiently, he noted.-VNA
The move aims toproactively deal with declining oil price-triggered State budgetcollection decrease to ensure budget balance to the 2015 estimatesapproved by the National Assembly.
In his related directive,ministries and localities are asked to focus on addressing difficultiesfor businesses to improve their operations and competitiveness, carryingout economic restructuring and shifting growth model efficiently, andaccelerating exports while managing imports, towards the set GDP targetof 6.2 percent.
Approved plans on restructuring the economy,sectors, and business fields must be sped up to enable the State-ownedenterprises rearrangement project for 2014-2015 to accomplish to itsdeadline, he said.
More support is required for businesses’efforts to increase sales, reduce inventories, use new technologies, andimprove their product quality.
The PM asked the State Bank ofVietnam to work together with other ministries and localities inhandling the monetary policy in a proactive, flexible fashion in closeconnection with the fiscal policy to manage inflation, stabilise themacro-economy and spur economic growth.
Interest rates andforeign exchange rates must be regulated with regard to developments inthe macro-economy, inflation and the monetary market while businessesand economic groups are assisted in accessing credit sources they needfor expanded production.
The Vietnam Oil and Gas Group isrequested to keep a close eye on crude oil price fluctuations in theglobal market and proactively work with their joint venture partners andproduction managers to screen production cost and optimise productionactivities.
Solutions responding to the worst oilprice scenarios must be put in place while works on stockpiling crudeoil to ensure energy security and investment efficiency need to bedeployed productively.
The Finance Ministry isasked to reinforce regulatory tools to manage the local market, andgoods prices and quality, especially formula milk price and transportcost.
The PM has required ministries and localities to enhancetax collection and take measures against tax evasions and transferpricing to determinedly fulfill 2015 tax collection figure assigned bythe National Assembly.
The Ministry of Finance, together withother ministries and localities are asked to follow closely the economicperformance and crude oil prices in order to adjust import tarifflevied on petroleum products. They are not allowed to propose or issuenew policies that could reduce the State budget, except for cases ofcutting taxes in compliance with international commitments.
ThePM has requested non-issuance of any policies or mechanisms that wouldcost the State budget when a secured source is absent.
Ministriesand localities need to quicken the disbursement of development capital,especially those sourced from the State budget, Government bonds, andOfficial Development Assistance (ODA).
Expenditures for meetings,seminars, festivals, construction ground-breaking and inauguralceremonies, and foreign business trips, covered by the State budget,must be minimised and declared publicly, among others.
State budget overspending must be maintained within the level already decided by the National Assembly, the PM said.
Localitiesshould proactively map out their own measures to accomplish 2015 Statebudget collection tasks while working to ensure their budget allocatedis used correctly, economically, and efficiently, he noted.-VNA
