VietNamNet Bridge – In the remaining months of 2012, price
management will be tightened to guarantee the single-digit inflation rate while
tax reductions and breaks are adopted as a way to ease businesses’ difficulties,
said the chief of the Ministry of Finance.
Finance Minister Vuong Dinh Hue
made the statement in the weekly live show “People ask, ministers answer”
jointly hosted by VGP and Viet Nam Television on October 14.
Explaining the CPI increase in
September at 2.2%, approximate to the total figure in the first eight months of
2012 (2.86%), the Minister listed four main commodities accounting for 2.1% of
the CPI including medicine and medical treatment and examination, education and
training, transportation, and housing-building materials.
The Minister asserted that
forecast work needs to be improved with the aim of keeping the monthly CPI
increase at a steady level.
He added that the coordination in
price management between ministries and agencies as well as between the central
and local authorities should be further harmonized.
Mr. Hue took the group of medical
services as an example. A joint circular on raising medical services was issued
in February 2012 but provincial-level People’s Councils have the right to
decide the price and the roadmap of price adjustments. According to Minister
Hue, if the Ministry of Health, Ministry of Finance and local governments had
jointly taken part in adjusting the process, the price of medical services
would not have rocketed in September.
Tax reductions and breaks continued
The Finance Minister emphasized
that his Ministry and other relevant agencies will continue to propose proper
financial and tax solutions to facilitate enterprises’ production and business
activities.
As of the end of September, the
Ministry of Finance granted tax reductions, exemptions and breaks for hundreds
of thousands of businesses, valuing nearly VND20,000 billion, said Minister
Hue.
The General Department of
Taxation and the Viet Nam Customs have held several conferences to help
businesses overcome difficulties and obstacles, reduce expenditures on tax, and
push up tax administrative reform.
Mr. Hue revealed that his
Ministry is considering to reduce the tax mobilization in order to kick up
consumption and production investment.
VietNamNet/VGP
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