The Government prioritises resolving obstacles for business production

DNHN - The Government Office declared on the evening of December 16 that the Resolution of the regular Government meeting in November 2023 had been issued by the Government.

The Resolution states that forecasts for the near future indicate that the global environment will remain complex and uncertain, with the possibility of unequal, fluctuating, and increasingly hazardous worldwide economic growth. Domestically, the Vietnamese economy faces a variety of obstacles in addition to opportunities and favourable conditions.

In order to quickly restore economic growth in the face of this circumstance, the government has asked for robust promotion of export-related, investment, and consumption incentives. The Socio-Economic Recovery and Development Programme, national target programmes, and three strategic breakthroughs were planned to be implemented simultaneously by the government. Remove challenges and roadblocks with resoluteness, encourage the distribution of public investment funds, and successfully mobilise and leverage private and international investment.

Additionally, the government pledged to prioritise growth, maintain a proactive, flexible, prompt, and effective monetary policy, and closely coordinate with a moderately expansionary fiscal policy. The main objective is to concentrate on finding solutions for business production issues and encouraging fresh growth catalysts.

The government also suggested implementing trade, investment, tax, and fee policies and solutions in a coordinated and efficient manner to promote the quick recovery of business production, particularly in the trade, industrial, and service sectors.

The government also promised to research and assess the success of the solutions and policies that have been put into place and to provide a timely report for further consideration and implementation in 2024. Simultaneously, the government asked ministries, agencies, and municipalities to improve the efficacy of direction and administration at all levels, as well as to reinforce administrative discipline. The government stressed the importance of gathering knowledge and developing analytical skills to respond to market conditions and projections with timely, appropriate, and effective policy measures. The government will also actively collaborate in carrying out tasks and finding answers to problems of company production.

In order to establish and maintain secure, safe, healthy, and sustainable markets, particularly those related to corporate bonds, real estate, securities, labour, research, and technology, the government finally suggested that current challenges and obstructions be dealt with efficiently.

Anh Nguyen