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
TIN LIÊN QUAN

Deputy Minister of Industry and Trade talks about responding to US counterpart tariffs

|

The Deputy Secretary of Industry and Trade said he would coordinate with US ministries and branches to discuss outstanding issues related to taxes and trade relations between the two countries.

Carefully prepare plans and strategies for trade negotiations with the US

|

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.

Can immediately arrange 5% of GDP for science and technology

|

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

European weapons continue to flow into Ukraine despite strong warnings from Russia

|

Several European countries continue to provide military aid to Ukraine, despite Russia's warnings that the move would prolong the conflict.

HCMC is about to build 4 more bridges in Nha Be district, with a total capital of VND 12,500 billion

|

Ho Chi Minh City is about to deploy the construction of 4 large bridges in Nha Be district including Can Gio, Phu Xuan 2B, Rach Tom and Rach Doi bridges, with a total investment of about VND 12,500 billion.

Nam Dinh Club won big against Hoang Anh Gia Lai at Thien Truong

|

On the evening of May 18, Nam Dinh club won 6-1 against Hoang Anh Gia Lai in round 23 of V.League 2024-2025.

Rescuing a 19-year-old girl who panicked because she was trapped in an elevator in Ho Chi Minh City

|

HCMC - A 19-year-old girl panicked because of an elevator stuck in District 1, and was quickly rescued safely by the Fire Prevention and Rescue Police - HCMC Police.

Live volleyball VTV Binh Dien Long An 2-2 Binh Luc Thong tin: Set 5

|

Live match between VTV Binh Dien Long An and the Information Corps in the final of the 2025 National Youth Volleyball Tournament, taking place at 2:00 p.m. today (May 18).

Deputy Minister of Industry and Trade talks about responding to US counterpart tariffs

PHẠM ĐÔNG |

The Deputy Secretary of Industry and Trade said he would coordinate with US ministries and branches to discuss outstanding issues related to taxes and trade relations between the two countries.

Carefully prepare plans and strategies for trade negotiations with the US

PHẠM ĐÔNG |

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.

Can immediately arrange 5% of GDP for science and technology

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.