Resolution 62/2022/QH15 of Vietnam: Comprehensive restructuring of capital and stock markets by 2025?
- Regulations on fiscal and monetary policies to support the program of socio-economic recovery and development in Vietnam?
- Regulations on measures to control inflation according to Vietnamese regulations?
- Regulations on centralized procurement, public procurement bidding in Vietnam?
- Legal regulations on tax policy improvement according to Vietnamese regulations?
Regulations on fiscal and monetary policies to support the program of socio-economic recovery and development in Vietnam?
In subsection 2.2, Section 2 of Resolution 62/2022/QH15 on questioning activities at the 3rd session, the 15th National Assembly stipulates:
Urgently promulgate documents to implement Resolution No. 43/2022/QH15 of the National Assembly of Vietnam on fiscal and monetary policies to support the Socio-economic Recovery and Development Program; soon approve and implement the resource mobilization project for the Program. To closely coordinate with the Ministry of Finance of Vietnam, the Ministry of Planning and Investment of Vietnam, the State Bank of Vietnam, and relevant agencies to soon harmonize, complete the list, and allocate capital for projects using the Program's capital, implementing preferential credit policies, supporting interest rates, supplementing the state budget estimate in 2022, developing the state budget estimate in 2023, disbursing the increase in overspending and other resources belonging to the State budget. Program in 2022 and 2023. Amendment of regulations on spending and management of enterprises' Science and Technology Development Fund; Review tax policy guidelines for effective implementation in practice.
Regulations on measures to control inflation according to Vietnamese regulations?
Pursuant to subsection 2.2, Section 2 of Resolution 62/2022/QH15 on questioning activities at the 3rd session, the 15th National Assembly of Vietnam stipulates that the implementation of measures to control inflation should be strengthened; improve the quality of synthesis, analysis, forecast, closely monitor the economic and political situation, inflation developments, prices of raw materials, input fuels and strategic materials, develop scenarios copies and plans to cope with fluctuations of each commodity to control production, facilitate circulation, distribution, balance, and control supply-demand, and stabilize prices. Ministries, branches, and localities must carefully calculate the impact on the consumer price index (CPI) when adjusting the prices of goods and services determined by the State. Strengthen inspection and supervision of the implementation of price declaration, price listing, and the observance of the law on prices; strictly handle cases of speculation, hoarding goods, and unreasonable price increases; have solutions to support low-income people and disadvantaged people when the prices of essential goods are high, especially the price of petrol and textbooks.
Resolution 62/2022/QH15 of Vietnam: Comprehensive restructuring of capital and stock markets by 2025?
Regulations on centralized procurement, public procurement bidding in Vietnam?
According to the provisions of subsection 2.2, Section 2 of Resolution 62/2022/QH15 on questioning activities at the 3rd session, the 15th National Assembly of Vietnam stipulates on concentrated procurement, bidding for procurement of tools, specifically:
Urgently amend and supplement regulations on centralized procurement, public procurement bidding, standards, and norms for the use of public assets. Ministries, branches, and localities shall fully promulgate technical standards and estimated prices of properties on the list of concentrated procurement, ensuring both budget savings and procurement of supplies and services related to people's lives in terms of health, education, and social security. Strengthen inspection, examination, and close supervision of compliance with the law in procurement, management, and use of public properties, and strictly handle violations.
In addition, urgently study and amend and supplement the Law on State Budget of Vietnam, Law on Management and Use of State Capital of Vietnam invested in production and business at enterprises; soon promulgate a list of enterprises in which the State needs to hold contributed capital and controlling shares; for State-owned enterprises that do not need to hold contributed capital or controlling shares, expeditiously implement equitization and divestment to ensure the substantive equitization and divestment objectives.
Focus on amending and perfecting legal provisions related to equitization and divestment of state capital in enterprises, ensuring synchronism, consistency, and feasibility, especially under-law documents. Completing the legal provisions on enterprise valuation, the calculation of the value of land use rights into the enterprise value upon equitization or divestment of state capital in enterprises; individualizing responsibilities in the implementing organization, especially the responsibility of the head; closely inspecting and supervising the conversion of land use purposes of enterprises after equitization in accordance with the planning approved by competent authorities, the law on land and other relevant laws.
Effectively implement the Scheme on restructuring state-owned enterprises, focusing on economic groups and state-owned corporations in the 2021-2025 period. Improving the operational efficiency of state-owned enterprises after equitization.
To comprehensively restructure the capital market and the securities market according to the Scheme on restructuring the securities market and insurance market until 2020 and orientations to 2025, ensuring the stable development of the stock market, healthy, safe, and sustainable, is really a medium and long-term capital mobilization channel for the economy. Review and complete the provisions of the law on securities and the securities market; urgently amend Decree No. 153/2020/ND-CP of Vietnam on private placement of corporate bonds in the domestic market and the offering of corporate bonds to the international market, strictly stipulating the offering of corporate bonds. sale, transaction, method of distribution, credit rating, responsibilities, and measures for management and supervision of service-providing organizations in the process of individual corporate bond offerings and transactions.
Review and amend regulations on conditions for a private placement of corporate bonds, conditions for professional securities investors, measures to protect investors, especially retail investors, weaknesses, and sanctions; establish a centralized trading market for individual corporate bonds in order to increase the publicity and transparency of the market. Improve the effectiveness of supervision at all levels, from securities companies, and the Stock Exchange to the State Securities Commission. Strengthen inspection, inspection, and strictly handle acts of manipulating the stock market, spreading false and untrue rumors, enhancing information transparency, promoting propaganda to stabilize market sentiment, supporting capital mobilization and investment activities on the capital market, ensuring smooth and consistent market operation and healthy and efficient market development.
Legal regulations on tax policy improvement according to Vietnamese regulations?
Subsection 2.2, Section 2, Resolution 62/2022/QH15 on questioning activities at the 3rd session, the 15th National Assembly of Vietnam stipulates:
Expeditiously complete the law on tax policy, expand revenue sources, and combat tax base erosion. Implement tax management according to the tax reform roadmap and strategy, according to the risk management method, mainly implementing the principle of "pre-declaration, post-inspection". Review and improve tax laws related to business, and real estate transfer, strengthen management, fight against loss of tax revenue, and ensure budget revenue but do not affect business operations, the legitimate rights of the people, and the development of the real estate market. Completing tax administration regulations for e-commerce business activities; strengthening coordination with relevant ministries, branches, associations, and organizations to exchange and connect information; modernizing tax administration; promoting propaganda, supporting taxpayers; building a database to manage risks for e-commerce; strengthening inspection, examination and comparison of information to prevent revenue loss and strictly handle violations.
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