VGP – Production acceleration, supervision of SOEs, more credit for high-tech farming topped the Government’s February regular meeting.
The Government recently issued a monthly meeting resolution for February, asking ministries, agencies, and localities to strive for the set socio-economic targets in 2017.
Eliminating production hindrances
The Government tasked ministries, agencies, and localities to review, amend, and abolish inappropriate regulations, mechanisms, and policies which hinder production and business activities.
The Ministries of Planning and Investment, Finance, Industry and Trade, Foreign Affairs, National Defense, and Public Security, the State Bank of Viet Nam were urged to keep a close watch on global economic situations and draft growth scenarios.
The Ministry of Finance was assigned to work with the Ministries of Planning and Investment, Industry and Trade, Healthcare, Education and Training, and the State Bank of Viet Nam to supervise the market and keep inflation rate below 4%.
The Ministry of Planning and Investment was instructed to work with other relevant ministries, agencies, and localities to implement Resolution 27/NQ-CP, dated February 21, 2017 on economic restructuring in combination with growth modal transformation; report medium-term public investment plan in the 2016-2020 period; the list of extended public investment projects from 2016 to 2017; submit national target programs in 2016-2020 for approval in March, 2017.
The Ministry of Finance was urged to tighten financial and State budget disciplines; prevent tax evasion; ensure public debt safety.
The Ministry of Industry and Trade was assigned to resolve production difficulties, especially in the processing, manufacturing, and mining industries.
The Resolution also asked for close supervision of cross-border poultry smuggling; reduction of serious traffic accidents; allocation of at least VND 100 trillion loans on high-tech farming application.
By Huong Giang