Strictly control cash flow into speculative fields
Specifically, in Resolution No. 50/NQ-CP, the Government requested the State Bank of Vietnam to assume the prime responsibility for, and coordinate with agencies and localities in, continuing to implement proactive, flexible and coordinated monetary policies. closely with fiscal and other policies to control inflation, stabilize the macro-economy, ensure major balances of the economy and contribute to the recovery and socio-economic development. , support and remove difficulties for production, business and people’s life.
At the same time, the Government also required the implementation of solutions to improve credit quality; focus on handling and minimizing new bad debts; encourage credit institutions to continue to reduce costs in order to strive to reduce lending interest rates and increase credit access for businesses and people; directing credit to production, business and priority fields; strictly control cash flow into speculative fields. To further strengthen the effectiveness of supervision, inspection and examination of credit institutions related to bond issuance activities of credit institutions and investment in corporate bonds.
The Government proposes to urgently finalize the draft Decree guiding the implementation of loan interest rate support from the state budget for enterprises, cooperatives and business households, and report to the Government and the Prime Minister.
Also related to the financial sector, the Government assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with ministries, agencies and localities in, promptly and effectively deploying preferential policies on taxes and fees to support recovery. production, business and economic development, including closely monitoring the impact on state budget revenues of the implementation of Resolution No. 18/2022/UBTVQH15 dated March 23, 2022 of the National Assembly Standing Committee on environmental protection tax rates for gasoline, oil and grease.
The Ministry of Finance was assigned to assume the prime responsibility for, and coordinate with the Ministry of Justice and relevant ministries and agencies in, studying, reviewing and proposing amendments to the provisions of the Law on Securities, Decree No. December 31, 2020 of the Government stipulating the offering and trading of individual corporate bonds in the domestic market and the offering of corporate bonds to the international market and other relevant regulations, especially the issuance of corporate bonds without collateral to overcome the inadequacies of the law on securities and in the issuance of corporate bonds.
The Government also emphasized that the Ministry of Finance needs to urgently complete and submit to the Government for consideration and promulgation a Decree regulating the establishment and operation of the Hue Heritage Conservation Fund, a Decree on the establishment and organization of the Hue Heritage Conservation Fund. The organization and operation of the Farmers Support Fund.
Especially, effectively implementing measures to ensure the stock market operates stably, safely, smoothly, openly, transparently, sustainably, and strictly handle violations under the direction of the Securities and Exchange Commission. Prime Minister, strengthen inspection and supervision of the implementation of measures to declare prices, list prices and the observance of the law on prices, strictly handle violations.
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