PM urges ministries to support enterprises

Saturday, May 24, 2014 11:06

A pipe production line at Tien Phong Plastic Company in Hai Phong. Prime Minister Nguyen Tan Dung has ordered market administrators to ensure a fair and competitive market for all businesses. — VNA/VNS Photo Hoang Hung

HA NOI  (Biz Hub) — Three key ministries need to kick off new integrated lending models, finish guidelines of corporate income tax deduction, credit guarantee funds and funds for development of small – and medium-sized enterprises.

The instructions, which are interpreted in the newly issued Directive No11/CT-TTg, were given by Prime Minister Nguyen Tan Dung to The State Bank of Viet Nam, the Ministry of Finance and the Ministry of Planning and Investment on Wednesday, aimed at supporting the business community to achieve socio-economic targets towards 2015.

The prime minister instructed the ministries to carry out intensive and coherent policies to set up and strengthen inter-industry connection, regional collaboration, SMEs and large corporations to boost sustainable development and support efficiency.

The State Bank of Viet Nam was urged to pilot a science-technology integrated lending model, and agricultural production and export sector at reasonable costs.

Within the second quarter, the Ministry of Finance must finalise guidelines for corporate income tax exemption and deduction. Till the end of this year, the ministry is expected to submit proposals that will help enterprises handle inventory or unpaid items.

The prime minister required the Ministry of Planning and Investment to accelerate the completion of paper works and push SMEs Development Fund and SMEs Credit Guarantee Fund to work as soon as possible.

The Ministry of Industry and Trade was asked to tighten market administration to ensure a fair and competitive market for all players.

The directive also instructed municipal people's committees and ministerial agencies to cooperate closely to enhance the state administration, keep administration reforms going, particularly in the sectors of foreign trade, capital assessment, taxes, investment, construction and natural resources. — VNS

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