Assigning the Government to proactively adjust taxes and fees in emergencies
This content is stated in the Conclusion of the second Conference of the 14th Central Executive Committee of the Party on the Plan for socio-economic development, national finance and public debt borrowing and repayment, medium-term public investment for 5 years 2026 - 2030 associated with the implementation of the goal of striving for double-digit growth (Conclusion No. 18-KL/TW).
In Conclusion No. 18-KL/TW, the Central Government requested to focus on implementing a number of key tasks and solutions.
In which, the conclusion clearly states the task of promoting growth associated with maintaining macroeconomic stability, controlling inflation, ensuring major balances, and combating economic crises; unlocking and diversifying supply chains and capital channels.
Close, synchronous, unified, effective, and flexible coordination between fiscal policy, monetary policy and other macroeconomic policies, ensuring capital supply for the economy to achieve the "2-digit" growth target associated with inflation control, maintaining macroeconomic stability; resolutely preventing economic crises in all situations. Assigning the Government to proactively adjust taxes and fees in emergencies.
Prioritize developing the domestic capital market as a channel for long-term capital mobilization, reducing dependence on the banking system. Implement solutions to improve national credit ratings, upgrade the stock market; promulgate specific and superior mechanisms and policies to promote the operational efficiency of the International Financial Center, free trade zones in attracting indirect investment capital flows, international investment funds; develop a variety of types of institutional investors, develop carbon credit markets and modern financial products and services according to international practices; adjust bond issuance guarantee limits of social policy banks. Expand foreign ownership ratios in industries that do not affect national security.
Modernize the banking system and credit institutions, promote the handling of weak credit institutions, cross-ownership, improve credit quality and efficiency, maintain stability and safety of the system. Increase charter capital for state-owned commercial banks from the following sources:
After-tax profit and fund allocation, share issuance, state budget... according to the provisions of law and in accordance with international practices and standards; healthy development and diversification of capital sources, strengthening access to capital for domestic enterprises, prioritizing small and medium-sized enterprises, business households, and the collective economy.
Focus on developing science, technology, innovation and digital transformation
The conclusion also stated the task of focusing on developing science, technology, innovation and digital transformation.
Promptly complete institutions, mechanisms, and policies, completely remove bottlenecks and barriers in science, technology and innovation activities associated with output results and accept controlled risks, focusing on management mechanisms, financial and investment mechanisms, mechanisms for science and technology non-business units; encourage businesses to invest in developing and applying science and technology, especially new technologies, high technologies, and strategic technologies.
Increase investment, complete and effectively exploit scientific and technological infrastructure and innovation, especially digital infrastructure and big databases. Strengthen public-private partnerships in attracting, training, and valuing high-quality scientific and technological human resources. Build, connect and develop a network of domestic and international experts and scientists. Synchronously complete mechanisms and policies to attract domestic and foreign talents and experts.
Prioritize receiving, transferring, and applying creatively, mastering foundational technologies, advanced technologies, strategic technologies, core technologies, source technologies, and digital technologies. Focus on basic research, associated with application orientation, mastering technology, especially in areas where Vietnam has needs, potentials and advantages. Have breakthrough mechanisms and policies to promote digital transformation associated with ensuring security, safety, and encouraging innovation.
Manage and promote the development of healthy and effective digital assets and digital currencies. Promote innovative startups throughout society; develop a national innovation system and an innovative startup ecosystem.
