Strictly handle cross-ownership and "backyard" businesses of banks

On the morning of November 29, at the last working day of the 6th session, the National Assembly passed a Resolution on continuing to implement a number of resolutions of the 14th National Assembly and from the beginning of the 15th term to the end of the 4th session on thematic supervision and questioning.

Focus on developing strong capital markets

Secretary General of the National Assembly, Head of the Office of the National Assembly Bui Van Cuong presented a report explaining, receiving and revising the draft Resolution.

In the financial sector, the National Assembly requested the Government, the Prime Minister and relevant ministries and branches to strengthen inspection, examination and handling of violations in the management and use of public assets, especially in bidding for public asset procurement.

At the same time, promptly issue or propose to issue policies and completely resolve surplus public assets after rearranging administrative units at district and commune levels.

The National Assembly also requested to review and improve the law, and strengthen the responsibility of leaders in implementing the project to restructure State-owned enterprises, focusing on State-owned corporations and groups in the 2021-2025 period, and in the management and use of State capital invested in production and business at enterprises.

At the same time, it is necessary to speed up the equitization and divestment process in enterprises, ensuring the principles of equitization of weak and loss-making enterprises, and preventing loss, waste, and corruption of State capital and assets.

Policy - Strictly handle cross-ownership and 'backyard' businesses of banks — Secretary General of the National Assembly, Head of the National Assembly Office Bui Van Cuong (Photo: Quochoi.vn).

The National Assembly noted the urgent need to resolve difficulties and problems related to the equitization of banks, including Agribank ; and urgently assess and have a plan to resolve cases where enterprises are overdue or unable to pay for issued bonds.

In addition, it is necessary to strictly control the ratio of budget deficit, public debt, government debt, national foreign debt, debt repayment obligations... within allowable limits; continue to improve national credit; pay attention to further developing all types of markets, especially the capital market.

Urgently study and propose amendments and supplements to tax laws according to Plan No. 81 of the National Assembly Standing Committee to achieve the goal of expanding revenue sources and preventing tax base erosion. Promote the implementation of electronic invoices in tax, fee and charge collection to prevent loss of State budget revenue and prevent corruption and negativity.

Strictly handle cross-ownership in banks

In the banking sector, the National Assembly requires the improvement of laws on currency, banking activities, restructuring and handling of bad debts, and collateral of bad debts; especially the mechanism to encourage investors to participate in handling collateral and buying and selling bad debts.

In particular, the National Assembly requested solutions to strictly control and strictly handle cross-ownership of organizations and individuals in credit activities and the situation of "backyard" businesses of banks.

At the same time, resolutely implement the project to restructure the system of credit institutions associated with handling bad debts in the 2021-2025 period; promote effective and substantial implementation of the plan to handle weak credit institutions.

Policy - Strictly handle cross-ownership and 'backyard' businesses of banks (Figure 2). — The National Assembly officially passed a Resolution on continuing to implement a number of resolutions of the 14th National Assembly and from the beginning of the 15th term to the end of the 4th Session on thematic supervision and questioning (Photo: Quochoi.vn).

The National Assembly also requested to actively implement the plan to increase charter capital for State-owned commercial banks, ensuring credit growth requirements and playing a leading role in the banking sector.

Along with that, continue to remove difficulties and obstacles, reduce administrative procedures, increase access to credit capital for people and businesses; ensure safe operations of the banking system.

Promote the implementation of the credit program of about 120,000 billion VND and have appropriate solutions to effectively use the interest rate support loan package according to Resolution No. 43/2022 of the National Assembly for loans for projects to build social housing, workers' housing, and renovate old apartments.

Early operation of competitive retail electricity market

In the field of industry and trade, the National Assembly requested to urgently issue and deploy the Plan to implement the national energy master plan and the national power development plan; ensure energy security, and provide enough electricity, gasoline, and oil for production and consumption.

At the same time, review and perfect institutions, mechanisms and policies on renewable energy development; improve the efficiency of transmission, dispatch and distribution, and electricity trading, ensuring objectivity and transparency; speed up the construction progress of the 500 kV line from Quang Trach (Quang Binh) to Pho Noi (Hung Yen).

Soon complete and put into operation a competitive retail electricity market; issue a mechanism for buying and selling electricity between renewable energy generators and electricity users, encourage the development of rooftop power sources for self-production and self-consumption in households, agencies, offices, and industrial parks.

Urgently research and complete regulations on the development of key industries, supporting industries, and renewable energy industries.

Promote administrative reform, facilitate import and export activities; take advantage of existing markets, continue to exploit new potential markets .

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