This is the content of Official Dispatch No. 71/CD-TTg dated July 21, 2024 of the Prime Minister on key tasks and solutions to promote growth, control inflation, and stabilize the macro-economy in July and the third quarter of 2024.
Regarding the policy of reducing 50% of registration fees for domestically produced and assembled cars, in June 2024, the Ministry of Finance proposed to the Government a policy of reducing 50% of registration fees for domestically produced and assembled cars from 12% to 6% in Hanoi and from 10% to 5% in other localities.
However, after receiving many disagreements from the Ministry of Planning and Investment and the Ministry of Industry and Trade, the Ministry of Finance recently submitted a document to the Government requesting to withdraw the proposal to reduce 50% of registration fees for domestically produced and assembled cars.
The Prime Minister requested the Ministry of Finance to have a full report on the proposal to reduce 50% of registration fees for domestic cars so that people and businesses can be proactive (Photo: NT).
Regarding the policy of reducing 50% of registration fees for domestically produced and assembled cars, the Government has implemented 3 reductions in 2020, 2021 and 2023 to support businesses and consumers to overcome the difficulties of the Covid-19 pandemic.
Regarding Telegram No. 71, the Prime Minister emphasized that our country’s socio-economic situation still faces many difficulties and challenges. The world and regional situation continues to evolve rapidly, complicatedly and unpredictably; geopolitical tensions and competition between major countries are increasing, the recovery of major trade partners is still slow, world USD interest rates are anchored at high levels, there are risks of disruptions to global supply chains and production chains…
Domestically, the economy has opportunities, advantages and difficulties, challenges intertwined but difficulties and challenges are more numerous; inflationary pressure, exchange rates tend to increase; financial and monetary markets still have potential risks; production and business activities in some areas are still difficult; natural disasters, droughts, landslides, climate change are complicated,…
The Prime Minister requested the Ministry of Finance to effectively implement policies on extending tax and land use fee payment deadlines, reducing value-added tax rates, and reducing fees and charges that have been issued.
The Head of Government requested that the State Bank effectively use management tools to regulate exchange rates and interest rates, in line with the developments of the macro-economic situation and set targets, meeting capital needs for the economy; strengthen inspection, examination, and control of bad debt risks, effectively implement measures to handle bad debt, and improve credit quality.
“Continue to direct commercial banks to reduce operating costs, increase the application of information technology, and digital transformation to reduce lending interest rates for priority sectors; promote credit growth, focusing on production and business sectors, priority sectors, economic growth drivers, and prioritize credit limits for credit institutions operating effectively, especially for social housing, green growth, digital transformation, and circular economy…”, the Prime Minister’s dispatch stated.
The Prime Minister requested the State Bank to coordinate with relevant agencies to promote the social housing credit package of 120 trillion VND and the credit package to support agriculture, forestry and fisheries of 30 trillion VND.
Regarding public investment, the Prime Minister requested ministries, agencies and localities to thoroughly grasp and consider public investment disbursement as a key political task; closely follow the detailed disbursement plan and targets of each project to focus on direction.
The head of the Government emphasized the need to urgently complete investment preparations for new projects scheduled to start construction by the end of 2024; overcome shortcomings to disburse faster and use ODA capital more effectively.
“Resolutely handle cases of deliberate delay in progress of capital allocation, implementation, and disbursement, negativity, corruption, loss, and waste,” the Prime Minister stated.
The Prime Minister requested the Ministry of Planning and Investment to urgently collect opinions from Government members to submit to competent authorities in July 2024 to adjust the central budget investment plan for 2024 among ministries, agencies and localities according to the direction in Resolutions No. 65/NQ-CP dated May 7, 2024, No. 82/NQ-CP dated June 5, 2024 and No. 108/NQ-CP dated July 10, 2024.
Regarding the Ministry of Industry and Trade, the Prime Minister requested that this agency must have solutions to manage and regulate production, stabilize supply and demand of goods, especially food, foodstuffs, energy and other essential goods, firmly ensure national energy security, and provide enough electricity and gasoline in all situations.
In addition, it is necessary to effectively implement policies to promote domestic consumption, promote the distribution of goods through digital platforms and e-commerce. At the same time, promptly implement trade defense measures to protect the legitimate interests of domestic manufacturing industries.