The Government will prioritize supporting production and business,
settling bad debts, and reducing inventories to spur growth recovery, PM Nguyen
Tan Dung emphasized at the Government regular meeting on Friday.
The priority was identified as
the economy still witnessed slow industrial production though a number of
positive signals were recorded in the first quarter with a lower inflation rate
and higher growth compared to the same period last year.
Accordingly, the Government will
introduce effective tax solutions to back restoration of production and
business while speeding up trade and investment promotion activities and
encouraging export of key commodities.
It will continue to pursue a
flexible and effective monetary policy, push credits into production, and
follow the roadmap to lower lending rates, particularly for fields like
agriculture, rural development, labor-intensive enterprises.
More mechanisms and policies will
be designed to further attract foreign investment, especially into high-tech
projects and supporting industries.
The Government chief also
stressed the need to step up restructuring of public investment, State-owned
enterprises and financial market.
Regarding measures to address the
frozen real estate market, PM Dung called for developing proper mechanisms and
policies to support low-income groups to buy houses.
He also agreed with some Cabinet
members’ proposal to allow foreigners to buy houses in Viet Nam but strict
regulations are needed.
Despite economic hardship, PM
Dung tasked inferior levels to pay more attention to social welfare and social
security.
VGP
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