There needs to be preferential credit packages, debt suspension when businesses are in difficulty

CAO NGUYÊN |

The Prime Minister requested the State Bank of Vietnam to have preferential credit packages and at the same time postpone debt when businesses are having difficulties due to objective factors.

The Government Office issued Notice No. 216/TB-VPCP on the conclusion of the Prime Minister at the Conference with state-owned enterprises on pioneering in digital transformation and promoting growth.

The notice clearly states that state-owned enterprises play an important role and position in socio-economic development. Therefore, state-owned enterprises must develop, grow, become stronger and more mature, on the basis of promoting science and technology, innovation, digital transformation, green transformation, relying on circular economy, knowledge economy, creative economy to increase labor productivity.

In addition, state-owned enterprises have just made an important contribution to the rapid and sustainable development of the country, contributing to the implementation of the two 100-year strategic goals.

In the process of implementing these two strategic goals, it is necessary to meet the requirements of stability and development, stabilizing people's hearts, stabilizing politics, ensuring social order and safety; developing quickly and sustainably to have resources to stabilize, improve the material and spiritual life of the people and build an independent, self-reliant, active economy, proactively integrating deeply, substantially and effectively into the international community.

The Prime Minister requested ministries, branches, People's Committees of provinces and centrally run cities to regularly review and promptly remove institutional obstacles for state-owned enterprises according to their functions, tasks and authority.

Proactively review and eliminate cumbersome administrative procedures, aiming to reduce at least 30% of administrative procedures, reduce 30% of administrative procedure processing time and compliance costs; focus on developing strategic infrastructure to reduce input costs for businesses.

At the same time, improve the effectiveness of training work thereby providing high-quality human resources for businesses; contribute to preventing and combating corruption, negativity, and group interests; focus on public investment disbursement.

The Ministry of Science and Technology shall preside over and coordinate with relevant ministries, agencies to discuss, coordinate and agree with the Ministry of Public Security to remove obstacles in the Project to develop applications of data on population, identification and electronic authentication to serve national digital transformation in the period of 2022 - 2025, with a vision to 2030.

Review and eliminate administrative procedures, especially administrative procedures related to digital transformation.

Promote the development of the science and technology market, soon form a technology trading floor to support businesses in accessing and applying science and technology in production.

Strengthen international cooperation, create a bridge between technology supply and demand, promote the development of the domestic technology market.

The Ministry of Finance shall preside over and coordinate with relevant ministries and agencies to focus on developing and promulgating a Law to replace the Law on Management and Use of State Capital Invested in Production and Business at Enterprises (Law No. 69/2014/QH13) according to the principle of "manage what you know, do not manage what you do not know", in the spirit of must be innovative and strengthen decentralization.

Advising on policies for tax, fee, and land rent exemption and suspension; VAT refunds quickly and conveniently.

The State Bank of Vietnam advises and operates monetary policy, stabilizes exchange rates, reduces interest rates, has preferential credit packages for sectors and solves debts, and deferred debts when businesses are having difficulties due to objective factors.

CAO NGUYÊN
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