Monday, August 20 2018


Government keeps tight rein to meet socio-economic targets

Update: June, 29/2013 - 08:45
Goods being loaded by Vietsovpetro. The government will offer favourable conditions to help enterprises attract more investment. — VNA/VNS Photo Ha Thai
HA NOI (VNS)— The Government is committed to continuously lowering the interest rate for loans to keep it consistent with levels of inflation, stabilising the exchange rate and the foreign currency market and conducting sound management of the gold market.

PM Nguyen Tan Dung made the commitment while talking with the Vietnam News Agency, outlining the key measures to be introduced in the next six months to ensure the country meets its socio-economic goals.

The PM also said that the government will strictly supervise the expenditure of the State budget and do all it can to ensure incomes remain stable.

Land clearance for projects will be boosted to restart stalled developments and attract further public investment, while efforts will be made to mobilise social funds for projects that will benefit local people

Dung said a proposal would be submitted to the National Assembly requesting State bonds be issued for the improvement of national highways 1A and 14 and the implementation of irrigation, health and education projects.

Favourable conditions will be created to help enterprises attract investment and barriers to the real estate market will be removed, he said, pledging that the master plan for economic restructuring – which will see reforms to the running of public investment, state-owned enterprises and credit institutions - will be implemented.

Social welfare policies will be enforced to release the pressure on overcrowded hospitals and improve the quality of education and health care, he stated.

Regarding national defence and security, Dung said the country will keep strengthening the Viet Nam People's Army and Viet Nam People's Public Security force, ensuring political security and social order.

He declared that Viet Nam's stance to ensure peace, stability and equal co-operation in the maintaining of maritime security, safety and freedom in the East Sea remained based on international law, especially the United Nations Convention on the Law of the Sea and the Declaration of the Conduct of Parties in the East Sea working towards a Code of Conduct in the East Sea.

Dung summarised the country's recent international achievements by saying it enjoyed diplomatic relations with 181 countries and trade relations with more than 200, with two-way trade turnover reaching US$126 billion.

Draft Customs Law

Cabinet members yesterday discussed the draft amendments to the Law on Customs in their regular meeting.

They agreed that while the current law, introduced 10 years ago, has contributed to administration reform and the creation of a favourable investment environment, it should now be amended to align with new customs management regulations.

They debated points on the responsibilities and tasks of the customs forces in anti-smuggling and the need for a more organised customs system.

Amendments to the Law on Customs are aimed at comprehensively reforming the operation of the customs force to bring it in line with international rules, they stressed.

The PM has entrusted the ministries of Finance and Justice and the Government Office to review the opinions and formalize the final draft amendments, which will be submitted to the National Assembly for consideration. — VNS

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