To urgently complete the draft pilot mechanism for direct electricity trading in Vietnam

To urgently complete the draft pilot mechanism for direct electricity trading in Vietnam (Internet image)

To urgently complete the draft pilot mechanism for direct electricity trading in Vietnam

Content mentioned in Notice 332/TB-VPCP conclusions of the Standing Government at the meeting on major tasks and solutions to stabilize the macroeconomy, control inflation, promote growth, and ensure great balance in the economy in the last months of 2023 issued by the Government Office.

In terms of tasks and solutions in the coming time, the Ministry of Industry and Trade is required to focus on directing the promotion of industrial and commercial production, urgently finalizing the draft of the pilot mechanism for direct electricity purchase and sale, the mechanism to encourage the development of rooftop solar power, and the implementation plan of the Electricity Master Plan VIII.

Expeditiously complete the draft decree amending and supplementing Decree 95/2021/ND-CP and Decree 83/2014/ND-CP and submit it to the government before August 19, 2023; assign Deputy Prime Minister Le Minh Khai to chair the meeting to agree to amend these decrees immediately.

Regarding monetary policy: The State Bank of Vietnam studies, promotes the spirit of market demand, listens to the opinions and reflections of businesses and people to urgently have timely and effective solutions to promote credit growth, enhance access to credit capital for businesses and people; continue to direct commercial banks to reduce costs, promote digital transformation..., strive to continue to lower lending interest rates, creating favorable conditions for people and businesses in the spirit of community responsibility, join hands to remove difficulties, "harmonious benefits, shared risks"; urgently review, consider amending and supplementing according to its competence the Circulars of the State Bank of Vietnam in order to promptly remove difficulties and support production and business activities; at the same time strengthen inspection, supervision, control, prevention and handling of negative acts, corruption, group interests.

Regarding fiscal policy: the Ministry of Finance evaluated the implementation of policies on exemption, reduction, and extension of taxes, fees, charges, and land rents in the past; on that basis, it will actively research, promptly propose, and report to the competent authorities the policies of exemption, reduction, and extension that need to be applied in the coming time. There are feasible solutions to definitively and effectively handle the corporate bond issue: further accelerate the refund of value-added tax to enterprises in accordance with the law; and implement good policy communication.

Regarding land policy: the Ministry of Natural Resources and Environment actively works and closely coordinates with agencies of the National Assembly in the process of finalizing the revised Land Law Project for submission to the National Assembly for promulgation at its third session. 6: Urgently promulgate according to authority or submit to competent authorities to promulgate documents regulating land price determination and regulations related to minerals and construction materials, ensuring clarity, publicity, transparency, and consistency in implementation.

The Ministry of Planning and Investment has well performed the task of coordinating macroeconomic management and continuing to review and improve the business investment environment, enhance the competitiveness of the economy, pay special attention to building preferential policies strong enough to attract foreign enterprises and investors with potential and scientific and technological qualifications, strengthen inspection, and urge the acceleration of disbursement of public investment capital and planning work, ensuring quality and progress.

More details can be found in Notice 332/TB-VPCP dated August 17, 2023.

Duong Chau Thanh

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