Policies to support people and businesses effectively and come to life

Drastic action

Recently, the Finance industry has continued to promote the application and analysis of data from electronic invoices to better manage budget revenues. In particular, immediate and long-term measures and solutions have been drastically implemented according to the functions and tasks of each tax agency and each tax officer to strengthen tax management for e-commerce activities ( e-commerce) such as: Advising and submitting to the Government and the National Assembly to promulgate a number of legal documents on taxes to strengthen the legal basis for tax management of e-commerce activities, strengthening the responsibility of tax authorities. ministries, e-commerce platform owners; Organize propaganda and support in many diverse and effective forms, contributing to spreading the state's policies on developing healthy, competitive, and sustainable e-commerce on the basis of compliance with the law. state law. In the first 5 months of 2024, management revenue on the e-commerce platform is 1.8 million billion VND (approximately 71 billion USD), the amount of tax paid is about 50 trillion VND, an increase of 23% compared to the average tax amount in 5 months of 2023. .

In addition, the entire industry has proactively balanced and strictly controlled budget surpluses, strictly controlled public debt, and structured public debt in a sustainable manner, to maintain national financial security.

Another very important milestone in recent times is that the Finance sector has built a strong team of officials, both making policy and managing in each field such as tax collection, customs, etc. budget management, national assets, business management front, capital market, financial market... gradually meet the needs of integration.

3 consecutive years of exceeding state budget revenue (2021-2023) in difficult economic conditions due to the impact of the epidemic. People, businesses and the economy have been "reinvigorated" through a series of tax and fee support packages, showing that the Party and State's directions and decisions have come to life.

Many policies support people and businesses

Up to this point, the implementation of state finance and budget tasks (state budget) has passed more than halfway in 2024. Although the economic situation still faces many challenges, the results of project implementation State budget revenue in the first 6 months of this year has reached 1,038.1 trillion VND, equal to 61% of the estimate, up 17.7% over the same period in 2023.

Economic growth in the first half of the year achieved positive results, GDP increased by 6.42%, inflation in the first 6 months of the year increased by 4.08%. On average in the first 6 months of the year, core inflation only increased by 2.75% over the same period in 2023.

During the Conference to summarize the work of the first 6 months of the year and deploy the tasks of the last 6 months of the Ministry of Finance, Minister Ho Duc Phoc affirmed that those results were achieved thanks to the policies to support people and businesses. come into life.

Right from the beginning of the year, Minister Ho Duc Phoc directed drastic state budget revenue and expenditure tasks. Review revenue sources, strive to increase revenue in areas and fields with favorable conditions to offset revenue reduction due to the implementation of tax exemption and reduction policies. The Ministry of Finance has advised and proposed to the Government to submit to competent authorities and promulgate according to its authority policies to reduce and extend taxes, fees, charges and land rents for businesses and people on a large scale. about 184.86 trillion VND (including: reducing taxes, fees and charges about 92.3 trillion VND; extending taxes and land rent about 92.56 trillion VND). The results of implementing the policy of exemption and reduction of taxes, fees and charges in the first 6 months of the year reached about 47.3 trillion VND.

Not only stopping at promulgating policies, the Ministry of Finance continuously reviews and evaluates laws, decrees, and circulars, with problems, unreasonableness, overlapping issues, and special issues. Especially the case when people and businesses are in need and the economy is still facing difficulties.

Should enter a new cycle

When frankly admitted, at the Conference summarizing the first 6 months of the year and implementing tasks for the last 6 months of the year, the leader of the Finance industry said that in order to ensure the safety of public finances, in the coming time, we should enter the financial cycle. new period, implementing tightened fiscal policy. In the coming time, it is necessary to strengthen the capacity of public finance, focusing on increasing investment in infrastructure and large projects with spillover effects, such as investment in ports and airports. Maintain tight fiscal policy to ensure public financial safety; have resources for implementing salary reform.

Minister Ho Duc Phoc emphasized that in the long term, more fundamental solutions are needed to support businesses, promote disbursement of public investment capital, to promote growth and develop businesses, thereby generating revenue for the state budget. .

Understanding the upcoming difficulties and challenges, many times, the leaders of the Ministry of Finance requested units to continue perfecting the legal framework and inspection mechanism to ensure the stable and safe operation of the market. finance, stock market, corporate bonds, to ensure the financial market develops transparently and effectively, attracting resources for development.