Unleashing all resources for economic development

image-on-top(1).jpg — Prime Minister Pham Minh Chinh delivered a concluding speech at the meeting. Photo: Nhat Bac/VGP.

With a high sense of responsibility and heated discussions, the Government reviewed and commented on two important issues. In particular, the draft Law on Value Added Tax (amended) needs to be resolved to be submitted to the National Assembly for consideration and comments at the 7th session. The plan to use increased revenue and save expenditure in 2023 needs to be submitted to the National Assembly Standing Committee for consideration and decision to be allocated, used, and served for socio -economic development.

Concluding the meeting, regarding the draft Law on Value Added Tax (amended), the Prime Minister noted the need to closely follow the Party's policies and guidelines, closely follow reality, and solve problems arising from reality. Tax tools need to protect domestic production, encourage priority sectors, but be reasonable, appropriate, and flexible; harmonize the interests between the State, businesses, and people; promote digital transformation, non-cash payments, and prevent corruption, negativity, loss, and smuggling.

The Prime Minister said that it is necessary to encourage innovation, technology transfer, and investment in emerging fields such as digital transformation, green transformation, and export promotion; essential goods that affect macroeconomic stability such as energy, food, and foodstuffs must be carefully calculated.

Regarding the plan to use increased revenue and save expenditure in 2023, the Prime Minister noted that it is necessary to properly implement the Budget Law, with priority order, ensuring publicity, transparency, harmony, rationality, and balance between regions and fields, but with focus, key points, and concentration on implementing the tasks and goals set out in the Resolution of the 13th National Congress, projects that have completed procedures, priority fields, such as strategic infrastructure, transportation, including urgent projects, such as some expressway sections that currently have only 2 lanes...

Along with the specific contents of the meeting, the Prime Minister emphasized three key groups of tasks on institutional building and improvement in the coming time.

Firstly, the Prime Minister requested active preparation for the 7th session of the 15th National Assembly. The number of draft laws submitted by the Government to the National Assembly at this session is very large (about 18 draft laws), the tasks are very heavy. The Prime Minister requested ministers and heads of ministerial-level agencies to focus resources, lead and direct the completion of draft laws in accordance with the provisions of the Law on Promulgation of Legal Documents; be responsible for the content and quality of draft laws, and not allow the insertion of provisions for group interests or local interests. Coordinate closely and effectively with the National Assembly agencies in submitting, examining, reporting on the acceptance and explanation of opinions of the National Assembly and National Assembly deputies; report to the Government and the Prime Minister on the acceptance and revision of draft laws in accordance with regulations.

Second, the Prime Minister requested to urgently draft, submit, and promulgate documents detailing and guiding the implementation of laws and ordinances passed by the National Assembly. Ministers and heads of ministerial-level agencies focus on leading and directing the acceleration of the drafting, submission, and promulgation of documents detailing laws and ordinances that have taken effect since January 1, 2024 (5 decrees and 2 decisions of the Prime Minister); urgently complete and submit to the Government and the Prime Minister for consideration and promulgation of documents detailing the Land Law, the Law on Credit Institutions, the Housing Law, and the Law on Real Estate Business (before May 15, 2024). The Minister of Justice shall monitor, urge, and inspect the promulgation of detailed documents by ministries and ministerial-level agencies; report and recommend to the Prime Minister to consider and handle responsibilities in cases of delay or debt in promulgating detailed documents.

Third, the Prime Minister requested to continue to invest more in the work of building and perfecting institutions, removing bottlenecks, and unblocking all resources to serve socio-economic development. Accordingly, promote the role of leaders, leaders of ministries, branches, and localities directly leading the work of building and perfecting institutions. Focus resources, arrange qualified, capable, and dedicated officials for the work of building and perfecting institutions; invest in facilities, favorable working conditions, and have appropriate policies and regimes for the staff doing this work. Further shorten the process of amending and supplementing legal documents to meet practical requirements; prevent and combat group interests and policy corruption in the process of building and promulgating legal documents, and strictly handle violations. Strengthen policy response capacity, promptly amend to immediately remove difficulties, obstacles, and inadequacies, especially in the fields of production and business. Promote decentralization and delegation of power along with appropriate resource allocation, improve the implementation capacity of subordinates and strengthen supervision and inspection; reform, cut down and simplify administrative procedures, business conditions, reduce compliance costs of people and businesses right in the process of building laws and ordinances; unleash all resources for socio-economic development. Research and propose the development of new legal regulations to adapt to the fourth industrial revolution, especially promoting science and technology, innovation, startups, renewing traditional growth drivers and promoting new development drivers such as digital economy, green economy, circular economy, emerging industries and fields.

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The Prime Minister requested to strengthen coordination between ministries and agencies in the process of building, receiving and completing draft laws and ordinances. Listen to the opinions of experts, scientists, practitioners, and affected subjects; receive opinions from businesses and people; promote the spirit of "3 together" (listen and understand together; share vision for action together; work together, enjoy together, win together, develop together). Continue to refer to international experience, absorb content suitable to our country's conditions. Strengthen policy communication, especially communication in the process of building and promulgating laws, creating consensus and effectiveness in the process of building, promulgating and enforcing laws.

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