The government leader entrusted ministries with reviewing businesses’ material purchase taxes in order to maintain production and ensure continued employment for Vietnam’s workforce.

He asked the State Bank of Vietnam (SBV) to implement a loosened yet effective monetary policy to stimulate demand.

To help them maintain production levels, SBV should coordinate with relevant ministries and agencies to entitle more people to preferential loan interest rates and guarantee loans for small- and medium-sized enterprises, particularly household businesses and craft villages, Prime Minister Dung said.

He also instructed ministries and local authorities to make effective use of previously allocated capital sources from the state budget and government bonds, with priority to be given to the agricultural and transport sectors.

Dung asked the Ministry of Planning and Investment to review the laws and policies that govern official development assistance (ODA) sources, while he directed the Ministry of Finance to propose a mechanism to effectively manage capital at state-owned enterprises.

The prime minister agreed to increase financial support for the nation’s export markets, particularly garment, footwear and seacooking exporters.

He suggested that ministries and agencies implement policies to extend soft loans so companies can cover the payment of salaries and unemployment insurance while providing the unemployed with vocational training and opportunities to work abroad.

Source: VNA