Deploying a credit package of 500,000 billion VND for science and technology

PHẠM ĐÔNG |

The Prime Minister directed the State Bank to implement a preferential credit package of about VND500,000 billion for science, technology, innovation and strategic infrastructure.

As Lao Dong reported, on the evening of April 7, Politburo member and Prime Minister Pham Minh Chinh chaired a conference with ministries, branches, Vietnamese representative agencies abroad, associations, and enterprises to proactively adapt to the new situation of international trade.

At the Conference, the Prime Minister emphasized the task of implementing Resolution 57 of the Politburo on breakthrough development of science and technology, innovation and transformation of the Central Committee of the Central Government on arranging, streamlining the apparatus, merging administrative units and building a 2 -level local government; The Party's policy on private economic development is the most important motivation for growth.

The Prime Minister said that the Government and ministries, branches and agencies will continue to focus on implementing 3 strategic breakthroughs including institutions, infrastructure and human resources, the spirit of open institutions, smooth infrastructure, human resources and smart governance to support and create favorable conditions for businesses.

Thu tuong Chinh phu ket luan hoi nghi. Anh: VGP
The Prime Minister concluded the conference. Photo: VGP

Regarding institutional breakthroughs, the Prime Minister emphasized the requirement to reduce time and costs for people and businesses, in 2025 reduce at least 30% of the time for handling administrative procedures; reduce at least 30% of business costs; abolish at least 30% of business conditions.

It is expected that at the upcoming National Assembly session, the Government will submit to the National Assembly about 35 laws and resolutions, including draft laws on enterprises, investment, public-private partnership, bidding, state budget, state capital management and use, science and technology, innovation, etc.

The head of the Government assigned the Ministry of Finance and the State Bank to have a plan to prepare to support businesses in case of difficulties.

In particular, the Prime Minister directed the State Bank to develop and deploy a preferential credit package of about VND500,000 billion for science, technology, innovation and strategic infrastructure.

Regarding fiscal policy, the Prime Minister said that he will propose to competent authorities to continue reducing VAT in 2025 and the whole year of 2026, studying the adjustment of the family deduction level when calculating personal income tax.

The Prime Minister requested that businesses coordinate well with foreign governments and representative agencies, promote market diversification, products, supply chains, enhance trade promotion and mutual cooperation, enhance self-reliance, self-reliance, restructuring and improving product quality, building brands, applying science and technology... and operating in accordance with the law.

The Prime Minister also emphasized the spirit of valuing time, intelligence and determination, determined to achieve the growth target of 8% in 2025, creating momentum, creating force, creating conditions to achieve double-digit growth in the coming time to achieve the two 100-year goals set.

PHẠM ĐÔNG
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Carefully prepare plans and strategies for trade negotiations with the US

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The Prime Minister directed Deputy Prime Minister Ho Duc Phoc and agencies to review and carefully prepare specific negotiation plans and plans with the US.

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Phạm Đông |

The Prime Minister instructed that 5% of GDP can be immediately arranged if necessary for science and technology, creating trust for scientists and businesses.