| GOVERMENT | SOCIAL REPUBLIC OF VIETNAM Independence - Freedom - Happiness |
| Number: 11/NQ-CP | Hanoi, date 30 month 01 year 2022 |
RESOLUTION
REGARDING THE PROGRAM FOR ECONOMIC AND SOCIAL RECOVERY AND DEVELOPMENT AND THE IMPLEMENTATION OF RESOLUTION NO. 43/2022/QH15 OF THE NATIONAL ASSEMBLY ON FISCAL AND MONETARY POLICIES TO SUPPORT THE PROGRAM
GOVERMENT
Based on the Law on Organization of the Government dated June 19, 2015; and the Law amending and supplementing a number of articles of the Law on Organization of the Government and the Law on Organization of Local Government dated November 22, 2019;
Based on Conclusion No. 24-KL/TW dated December 30, 2021, of the Politburo on the Program for Economic and Social Recovery and Development;
Based on Resolution No. 43/2022/QH15 dated January 11, 2022, of the National Assembly on fiscal and monetary policies supporting the socio-economic recovery and development program, and Resolution No. 46/2022/QH15 dated January 11, 2022, of the National Assembly on the first extraordinary session of the 15th National Assembly;
Following the proposals of the Minister of Planning and Investment in document No. 669/TTr-BKHĐT dated January 27, 2022 and document No. 717/BKHĐT-TH dated January 28, 2022;
Based on the voting results of the Government members.
RESOLUTION:
Since the beginning of 2020, the COVID-19 pandemic has developed in a complex manner, comprehensively impacting our country's economy, severely affecting many areas of social life and the ability to achieve the goals, targets, and tasks of socio-economic development for the years 2021-2025.
In implementing Conclusion No. 24-KL/TW dated December 30, 2021, of the Politburo and Resolution No. 43/2022/QH15 dated January 11, 2022, of the National Assembly, and to contribute to helping the economy overcome difficulties and keep pace with the global economic recovery process, while creating a foundation and favorable conditions for socio-economic development for the entire 2021-2025 period and subsequent years, and improving efficiency, labor productivity, competitiveness, internal capacity, and self-reliance in the medium and long term, the Government unanimously directs all levels, sectors, and localities to focus on implementing the Program for Socio-Economic Recovery and Development. (hereinafter referred to as the Program) and the main policies for implementing the Program are as follows:
I. PERSPECTIVES, OBJECTIVES, TARGETS, AND TIMELINE OF SUPPORT
1. Perspective
a) Adhering closely to the Party's guidelines and directions, and the National Assembly's resolutions, we will persistently maintain macroeconomic stability, improve productivity, quality, efficiency, competitiveness, self-reliance, resilience, and adaptability of the economy, promptly meeting the immediate and long-term socio-economic development requirements, closely linking with the 5-year socio-economic development plan 2021-2025, annual socio-economic development plans, the economic restructuring plan for the period 2021-2025, the 5-year national financial and public debt borrowing and repayment plan for the period 2021-2025, the medium-term public investment plan for the period 2021-2025, and the COVID-19 prevention and control program (2022-2023).
b) To manage flexibly, coordinate closely, harmonize, and effectively fiscal, monetary, and other macroeconomic policies; to strictly control inflation and ensure the major balances of the economy; to only increase the state budget deficit to increase development investment spending and ensure the balance of the state budget when implementing tax exemptions and reductions to support the Program.
c) The support policies for the Program should be large enough in scale and resources, impacting both the supply and demand sides; they should have focused and targeted objectives, correctly identifying those in need of support to address urgent issues, avoiding scattered and wasteful resources, and linking them to the responsibilities of ministries, sectors, localities, and relevant organizations and individuals, especially their leaders.
d) Support policies and solutions must be feasible, immediately implemented, timely, and effective, primarily within the two years of 2022 and 2023, with an appropriate roadmap to enhance the capacity for COVID-19 prevention and control, and for socio-economic recovery and development; the resources provided must be disbursed and absorbed quickly; if necessary, amendments, additions, or the issuance of new legal documents should be carried out using simplified procedures.
d) Mobilize, allocate, manage, and utilize resources effectively; ensure a reasonable balance among regions, localities, sectors, and priority groups; facilitate implementation, inspection, supervision, and evaluation; combat negativity, corruption, vested interests, and policy abuse; and ensure efficiency, fairness, openness, and transparency.
2. Objectives
a) To restore and rapidly develop production and business activities, promote growth drivers, prioritize a number of important industries and sectors, and strive to achieve the goals of the 2021-2025 period: average GDP growth of 6,5-7% per year, public debt below the warning level allowed by the National Assembly in Resolution No. 23/2021/QH15, and urban unemployment rate below 4%; maintain macroeconomic stability and ensure major balances in the medium and long term.
b) Reduce costs, support cash flow, ensure proactiveness, and create favorable conditions for businesses, economic organizations, and the people.
c) Effectively prevent and control the COVID-19 pandemic; ensure social security and the livelihoods of the people, especially workers, the poor, vulnerable groups, and those severely affected by the pandemic; ensure national defense, security, order, and social safety.
3. Target group and duration of support
a) The beneficiaries include:
– People and workers affected by the epidemic;
– Businesses, cooperatives, and household businesses;
– Sectors and fields that provide impetus for economic recovery and development.
b) Support period: mainly implemented during the two years 2022-2023; some policies may be extended and additional resources may be allocated depending on the development of the pandemic.
II. MAIN TASKS AND SOLUTIONS
1. Opening up the economy while investing in improving healthcare capacity and disease prevention and control.
a) Promulgate and effectively and promptly implement the COVID-19 epidemic prevention and control program (2022-2023); continue to guide and implement the roadmap for reopening tourism, air transport, entertainment, cultural and artistic services while ensuring epidemic safety.
b) Continue to review, adjust, and supplement guiding regulations and strengthen the organization, inspection, and supervision of the unified implementation of regulations on the travel and movement of workers, the circulation of goods and services, and safe production, maintaining continuous and stable operations with appropriate capacity and costs; effectively utilize the population database in disease control and policy implementation.
c) Focus on accelerating the implementation and disbursement of funds for investment projects to build, renovate, and upgrade medical facilities in necessary areas, concentrating on improving the quality and efficiency of services provided by the grassroots healthcare system; strengthening the capacity of preventive medicine and regional disease control centers; enhancing the capacity for disease prevention and control of central-level institutes and hospitals, linked with training and improving the quality of human resources in the healthcare sector, domestic production of vaccines and COVID-19 treatments, ensuring the requirements for epidemic prevention and control are met.
2. Ensuring social security and supporting employment.
a) Provide a three-month rent subsidy for workers with employment relationships who are renting or living in rented accommodation and working in industrial parks, export processing zones, and key economic zones; the subsidy amount for workers returning to the labor market is 1 million VND/month, and for workers currently employed in enterprises is 500,000 VND/month. Implementation period: the first six months of 2022.
b) Continue to review and research, and provide timely support policies for people and workers facing difficulties due to the impact of the pandemic.
c) Effectively implement preferential lending policies through the Social Policy Bank:
– Loans to support job creation, maintenance, and expansion as stipulated in Decree No. 61/2015/ND-CP dated July 9, 2015, Decree No. 74/2019/ND-CP dated September 23, 2019, and related documents. The total maximum loan amount is VND 10.000 billion.
– Loans are provided to individuals and households for the purchase or lease-purchase of social housing and housing for workers; for the construction of new housing or the renovation and repair of existing housing in accordance with the social housing policy as stipulated in Article 16 of Decree No. 100/2015/ND-CP dated October 20, 2015, Clause 10, Article 1 of Decree No. 49/2021/ND-CP dated April 1, 2021, and related documents. The total maximum loan amount is VND 15.000 billion.
– Loans are provided to students to purchase computers, online learning equipment, and cover study expenses. These loans for study expenses are implemented according to Decision No. 157/2007/QD-TTg dated September 27, 2007, and related documents. The total maximum loan amount is 3.000 billion VND.
– Loans for the implementation of the National Target Program on socio-economic development in ethnic minority and mountainous areas for the period 2021-2030, in accordance with Resolution No. 88/2019/QH14 and Resolution No. 120/2020/QH14 of the National Assembly. The total maximum loan amount is 9.000 billion VND.
– Loans will be provided to non-public preschools and primary schools that have to cease operations for at least one month as required by epidemic prevention and control measures. The total maximum loan amount is 1.400 billion VND.
– Provide interest rate and management fee subsidies of up to VND 2.000 billion to the Social Policy Bank to implement preferential lending under the Program according to the mechanism of subsidizing interest rate and management fee differences as stipulated in the financial management regulations of the Social Policy Bank.
d) Interest rate subsidy of 2% per year for two years (2022-2023) for loans with lending interest rates above 6% per year and disbursed by the Social Policy Bank during the 2022-2023 period. The total maximum capital for interest rate subsidy is 3.000 billion VND.
d) Continue to refinance the Social Policy Bank to provide loans to employers to pay wages for employees who have stopped working or are returning to work, ensuring feasibility and rapid implementation in practice.
e) Invest in strengthening the nationwide connection between labor supply and demand on an online platform to serve job counseling, placement, and labor supply; build, renovate, upgrade, expand, and modernize training and vocational education facilities, especially high-quality, key colleges, and implement digital transformation in the field of vocational education; enhance the capacity of frontline social assistance facilities, caring for those suffering from psychological trauma, the homeless, and vulnerable groups affected by the COVID-19 pandemic.
g) Providing tablet computers under the "Wire and Computers for Children" program from the Vietnam Public Telecommunications Service Fund, ensuring transparency, targeting the right beneficiaries, and effective use. The maximum total budget is 1.000 billion VND.
3. Support for the recovery of businesses, cooperatives, and household businesses.
a) Exemption or reduction of taxes, fees, and charges:
– In 2022, goods and services currently subject to a 10% value-added tax (VAT) rate were reduced by 2% (to 8%) for businesses calculating VAT using the deduction method, and the percentage rate for issuing invoices was reduced by 20% for businesses, households, and individuals calculating VAT using the percentage-based method on revenue, except for the following groups of goods and services: telecommunications, information technology, financial activities, banking, securities, insurance, real estate business, metals, prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products, and goods and services subject to special consumption tax.
– A 50% reduction in environmental protection tax on aviation fuel, as stipulated in Resolution No. 13/2021/UBTVQH15 dated December 31, 2021, of the Standing Committee of the National Assembly.
– The amount of donations and sponsorships from businesses and organizations for COVID-19 prevention and control activities in Vietnam for the tax year 2022 shall be included as deductible expenses when determining taxable income for corporate income tax purposes.
– A 30% reduction in land and water surface lease fees for 2022 will be granted to organizations, units, businesses, households, and individuals who are directly leasing land from the State under Decisions, Contracts, or Certificates of land use rights, ownership of houses and other assets attached to the land issued by competent state agencies in the form of annual land lease payments, and who have had to cease production and business activities due to the impact of the COVID-19 pandemic.
– Apply export tax rates and import tax rates as stipulated in Decree No. 101/2021/ND-CP dated November 15, 2021 and related documents.
– A 50% reduction in registration fees for domestically manufactured or assembled automobiles, according to Decree No. 103/2021/ND-CP dated November 26, 2021.
– Continue reviewing and reducing fees and charges to support and alleviate difficulties for those affected by the COVID-19 pandemic.
b) Extend the deadline for paying corporate income tax, personal income tax, value-added tax, special consumption tax, and land rent for the year 2022.
c) Providing interest rate support of 2% per year for two years (2022-2023) through the commercial banking system for commercial loans to businesses, cooperatives, and household businesses with the ability to repay and recover in the following sectors: aviation, transportation and warehousing; tourism, accommodation and food services, education and training; agriculture, forestry and fisheries; processing and manufacturing industries (including machinery, equipment, pharmaceuticals, chemicals, and medicinal materials); software publishing; computer programming and related activities; information services; loans for renovating old apartments, constructing social housing, and housing for workers to buy, rent, and lease-purchase.
Eligibility requirements: Must be eligible, have already received a loan or meet the loan eligibility criteria, and be approved by a commercial bank.
d) Study maintaining the maximum ratio of short-term capital used for medium and long-term loans, rationally calculating the mandatory reserve ratio, implementing open market operations and refinancing, and directing credit institutions to continue reducing operating costs to strive for a reduction in lending interest rates of approximately 0,5% - 1% in 2022 and 2023, especially for priority sectors.
d) Continue to restructure loan repayment terms, waive or reduce interest rates, and maintain the same loan classification for customers affected by the COVID-19 pandemic; closely monitor economic and monetary market developments to provide appropriate support solutions for businesses and individuals, while ensuring the safety of the operations of the credit institution system.
e) Increase charter capital from after-tax profits, after deducting funds for the period 2021-2023, for joint-stock commercial banks in which the State holds more than 50% of the charter capital, and from the state budget for the Agricultural and Rural Development Bank.
g) Review and amend regulations to remove obstacles in the regulations on expenditure and management of the Science and Technology Development Fund of enterprises; facilitate enterprises in technological innovation, technology incubation, science and technology enterprise incubation, commercialization of scientific research and technological development results; technology decoding; purchasing equipment, machinery, and raw materials for technological innovation, directly serving the production and business activities of enterprises.
h) Continue to study and consider reducing electricity and water bills for businesses and individuals.
4. Investing in infrastructure development
a) Focus capital on important and urgent projects with significant spillover effects, the ability to disburse funds quickly and absorb them immediately into the economy, in line with planning, using capital efficiently, and ensuring the ability to balance capital to complete projects in the 2022-2025 period; prioritize support for land clearance for a number of new projects that are important for socio-economic development.
Striving to complete the entire North-South Expressway (Eastern section) as soon as possible; connecting routes between the northern mountainous region, the Central Highlands and Central Vietnam; expressways in the Southeast region and the Mekong Delta; transportation infrastructure connecting regions, seaports, border gates, industrial zones and clusters; digital infrastructure and digital transformation; healthcare and social infrastructure; labor and employment; preventing and controlling riverbank and coastal erosion; ensuring the safety of water reservoirs; adapting to climate change; and mitigating the consequences of natural disasters.
The selection and allocation of funds for projects under the Program to ensure disbursement of funds in the two years 2022 and 2023 shall comply with the principles and criteria stipulated in clause d, item 1.2, paragraph 1, Article 3 of Resolution No. 43/2022/QH15 of the National Assembly.
b) Apply the specific mechanisms in Article 5 of Resolution No. 43/2022/QH15 to accelerate the implementation and disbursement of investment projects under the Program.
c) Effectively utilize the resources of the Vietnam Public Telecommunications Service Fund to invest in the development of telecommunications and internet infrastructure.
5. Institutional reform, administrative reform, improvement of the investment and business environment.
a) Expeditiously develop and submit for promulgation, on schedule and ensuring the quality of detailed regulations and guidelines for the implementation of Laws and Resolutions at the 2nd Session and the 1st Extraordinary Session of the 15th National Assembly.
b) Continue reviewing and removing institutional, mechanism, policy, and legal barriers that hinder production and business activities; accelerate the roadmap for reducing and simplifying administrative procedures and improving the investment and business environment; strengthen the processing of administrative procedures on online platforms; continue researching and implementing breakthrough solutions to encourage innovation, promote digital transformation, and develop the digital economy, green economy, and circular economy associated with sustainable development; urgently research and resolve difficulties and obstacles related to mechanisms, policies, laws, planning, and land funds concerning social housing and housing for workers.
c) Focus on improving the capacity of state management and social governance, as well as the qualifications and capabilities of officials at all levels, in all sectors, and in all localities; strengthen supervision, inspection, and strictly handle violations.
d) To manage monetary policy tools synchronously and flexibly, coordinating closely with fiscal policy and other macroeconomic policies to actively support the socio-economic recovery and development process, but without being complacent about inflation risks, maintaining macroeconomic stability and the safety of the credit institution system.
d) Closely monitor macroeconomic indicators to ensure timely solutions for macroeconomic stability and major balances, with particular attention to inflation and bad debt indicators; strive to increase revenue, save on expenditures, and reduce budget deficits to achieve the targets in the National Financial Plan and the 5-year public borrowing and debt repayment plan for the period 2021-2025; in case of significant fluctuations or risks, promptly report to the competent authority for consideration and decision. Balance monetary solutions to support the Program with the overall plan for restructuring banks under special control.
III. RESOURCES FOR PROGRAM IMPLEMENTATION
1. Allocate resources for the implementation of the Program's expenditure tasks as stipulated in Article 3 of Resolution No. 43/2022/QH15 of the National Assembly, including:
a) Increase the budget deficit to provide direct support from the state budget up to a maximum of 240 trillion VND, including:
– Reduce taxes, fees, and charges as stipulated in clause a, point 3, section II of this Resolution by a maximum of 64 trillion VND.
– Direct expenditure from the state budget is limited to a maximum of 176 trillion VND, to be used solely for development investment:
A maximum of 14 trillion VND will be allocated to invest in the construction, renovation, and upgrading of medical facilities in necessary areas, improving the quality of service of the grassroots healthcare system; strengthening preventive healthcare capacity, regional disease control centers, and enhancing the disease prevention and control capacity of central-level institutes and hospitals, linked with training and improving the quality of human resources in the healthcare sector, and domestic production of vaccines and COVID-19 treatments.
Allocate a maximum of 5 trillion VND to the Social Policy Bank, including: (i) An additional subsidy of up to 2 trillion VND for interest rates and management fees to implement preferential lending policies under the Program according to the mechanism stipulated in the Regulations on Financial Management of the Social Policy Bank; (ii) Interest rate support (2%/year) of up to 3 trillion VND as stipulated in clause d, point 2, section II of this Resolution.
Investment in the construction, renovation, upgrading, expansion, and modernization of social assistance facilities, training centers, vocational schools, and job creation projects will be capped at 3,15 trillion VND.
Interest rate subsidies (2%/year) of up to VND 40 trillion will be provided through the system of commercial banks as stipulated in clause c, point 3, section II of this Resolution.
The charter capital for the Tourism Development Support Fund will be a maximum of 300 billion VND.
An additional 113,55 trillion VND in investment capital from the state budget will be allocated to develop infrastructure: transportation, information technology, digital transformation, riverbank and coastal erosion prevention and control, ensuring water reservoir safety, adapting to climate change, and mitigating the consequences of natural disasters.
b) Utilize approximately 6,6 trillion VND from increased revenue and savings in the central government budget in 2021 to support housing rent for workers as stipulated in clause a, point 2, section II of this Resolution.
c) Extending the deadline for paying taxes and land rent as stipulated in clause b, point 3, section II of this Resolution, amounting to approximately 135 trillion VND.
d) Increase the government guarantee limit for domestically issued bonds for the Social Policy Bank to a maximum of VND 38,4 trillion, of which a maximum of VND 19 trillion is for lending in 2022 as stipulated in clause c, point 2, section II of this Resolution.
d) Utilize up to 46 trillion VND from other legitimate financial sources to import vaccines, treatments, and medical equipment and supplies for COVID-19 prevention and control if necessary.
e) Utilize approximately 5 trillion VND from the Vietnam Public Telecommunications Service Fund to develop telecommunications and internet infrastructure, including a maximum of 1 trillion VND to equip tablet computers for the "Wireless and Computers for Children" program.
g) Utilize approximately 5 trillion VND for technological innovation, technology incubation, science and technology enterprise incubation, commercialization of scientific research and technological development results; technology decoding; purchasing equipment, machinery, and raw materials for technological innovation, directly serving the production and business activities of enterprises.
2. Mobilize resources to implement the Program by maximizing the use of available resources, increased revenue, savings in central government budget expenditures, and disbursement capacity to develop appropriate mobilization plans at each stage through the following tools:
a) Issuing government bonds, ensuring close coordination in the management of monetary policy, fiscal policy, and other macroeconomic policies, maintaining macroeconomic stability, financial and monetary markets, and ensuring major balances; in accordance with debt repayment capacity, disbursement capacity, and the economy's absorption capacity, ensuring efficiency and avoiding waste. Prioritize the issuance of domestic government bonds in local currency, with an average issuance term of less than 9 years in 2022 and 2023. If necessary, the Government shall report to the competent authority for consideration and decision before implementation;
b) Official development assistance (ODA) loans, preferential foreign loans in the form of budget balancing support;
c) If necessary, borrow from other appropriate legal financial sources and repay when funds are available in the annual state budget plan or other sources as prescribed; allow direct issuance of government bonds to the State Bank of Vietnam.
IV. IMPLEMENTATION ORGANIZATION
1. Ministries, central and local agencies according to their assigned functions, tasks and authority:
a) Focus on implementing the tasks and solutions stipulated in this Resolution; if necessary, proactively and promptly provide specific guidance on implementation.
b) Monitor, evaluate, and supervise the implementation results of the Program according to the sectors and fields under their management; periodically, before the end of August 2022, August 2023, and April 2024, submit reports to the Ministry of Planning and Investment for compilation and reporting to the Government, the Prime Minister, and the National Assembly on the results of the Program's implementation.
c) Emphasize responsibility, especially the responsibility of the head of each agency, in leading and directing the organization and implementation of the contents and policies stipulated in this Resolution. Promptly develop specific action programs and plans and direct agencies, units, officials, civil servants, and employees under their management to implement them; effectively guide, publicize, and mobilize the business community and the people regarding the mechanisms, policies, and solutions in this Resolution; absolutely prevent any instances of "favoritism," causing difficulties, inconvenience, or negative consequences for citizens and businesses; proactively coordinate with relevant ministries and agencies to address any arising obstacles. Regularly monitor, inspect, and urge action, and take strict measures against collectives and individuals who cause difficulties, harass citizens and businesses, or are negligent and irresponsible in performing their duties.
2. Ministry of Planning and Investment
a) Monitor, synthesize, and evaluate the results of the Program's implementation, propose adjustments and additions to policies and solutions (if necessary), submit them to the Government and the Prime Minister for consideration and decision, report to the National Assembly at the end of the sessions of 2022 and 2023, and submit a summary report at the mid-year session of 2024.
b) Closely monitor the situation, promptly report to the Government and the Prime Minister, and propose tasks and solutions to maintain macroeconomic stability and major economic balances.
c) During the implementation of the Program, if necessary, for matters falling under the authority of each level, the presiding authority shall coordinate with the Ministry of Finance and relevant ministries and agencies to report to the Government and the Prime Minister for flexible adjustments between the expenditure tasks of the Program or report to the competent authority for consideration and decision; in urgent cases, during the period between two sessions of the National Assembly, report to the competent authority to seek approval to report to the Standing Committee of the National Assembly for consideration and decision and report to the National Assembly at the nearest session.
d) Based on the list of projects in Report No. 01/BC-CP and Submission No. 02/TTr-CP dated January 2, 2022, which the Government reported to the National Assembly at the first extraordinary session of the 15th National Assembly, and the results of the review and proposals of ministries, central agencies, and localities, the Ministry of Planning and Investment is responsible for compiling the list of tasks, projects, and capital allocation plans for the two years 2022-2023 and for each year 2022 and 2023 of the Program; before February 20, 2022, it shall report to the Prime Minister for consideration and decision and authorize the Minister of Planning and Investment to announce the total capital amount, detailed list, and estimated capital amount for each task and project of each Ministry, central agency, and locality to serve as a basis for urgently completing investment procedures according to regulations.
d) To chair and coordinate with the Ministry of Finance to compile the tasks and projects under the Program that have completed investment procedures and met the conditions for capital allocation, and to develop a plan for allocating the 2022 state budget for expenditure tasks under the Program, reporting to the Government and the Prime Minister in the first quarter of 2022.
e) Based on the opinion of the Standing Committee of the National Assembly, the Ministry of Planning and Investment, in coordination with the Ministry of Finance, shall submit to the Prime Minister for decision the allocation of the total capital of the Program, the detailed list and estimated capital levels for each task and project of each Ministry, central agency and locality; and the allocation of supplementary budget estimates and public investment capital levels for 2022 for each task and project under the Program in accordance with the Law on Public Investment and the Law on State Budget.
g) Based on the capacity and actual implementation situation of tasks and projects under the Program, and proposals from Ministries, central agencies, and localities, the Ministry of Planning and Investment shall preside over and coordinate with the Ministry of Finance to develop a plan for flexibly adjusting public investment capital in the medium-term public investment plan for the period 2021-2025 and public investment capital of the Program in 2022-2023, and report to the Government and the Prime Minister for consideration and decision within their authority.
h) To chair and coordinate with relevant ministries and agencies to implement the special mechanism stipulated in Article 5 of Resolution No. 43/2022/QH15 of the National Assembly on direct contracting in 2022 and 2023 for consulting packages, packages for relocating technical infrastructure, packages for compensation, land clearance and resettlement, and construction packages of national key projects, large-scale and urgent infrastructure projects in transportation and healthcare under the Program:
– Issue guidelines for ministries and agencies to review and decide on cases of direct contracting under their authority in the first quarter of 2022.
– Evaluate and submit to the Prime Minister for consideration and decision cases of direct contracting falling under the Prime Minister's authority.
Contractors shall execute the contracts specified in this clause until the project is completed. The procedures for awarding contracts through direct negotiation shall comply with the provisions of the law on bidding.
i) To chair and coordinate with the Ministry of Transport, in the first quarter of 2022, to submit to the Prime Minister for consideration and decision the decentralization of authority to provincial People's Committees of localities with sufficient capacity and experience in management and who have submitted proposals to act as the managing agency for the implementation of expressway sections under the public investment model passing through their areas under the Program (except for the North-South Expressway construction project in the East, giai đoạn 2021 – 2025, which is under the unified management of the Ministry of Transport) based on maximizing the capacity of the Ministry of Transport. The managing agency specified in this clause shall implement the expressway sections until the project is completed.
k) To chair and coordinate with the Ministry of Transport and localities to review and develop a list and estimated capital allocation under the Program for each task and project in the two years 2022-2023 and for each year 2022 and 2023 for transport projects managed by localities, and report to the Government and the Prime Minister for consideration and decision within their authority.
l) Coordinate closely with the State Bank of Vietnam to develop and submit to the Government for promulgation a Decree guiding the implementation of interest rate support from the state budget for enterprises, cooperatives, and business households in certain sectors and fields as stipulated in clause c, point 3, section II of this Resolution.
3. Ministry of Finance
a) To take the lead in implementing solutions to mobilize resources for the Program as stipulated in point 2, section III of this Resolution and to implement the following solutions:
– Strictly manage revenue sources, strive to increase revenue, reduce budget deficit, thoroughly economize on state budget expenditures, especially investment-related expenditures; accelerate the tax reform roadmap, combat revenue losses, transfer pricing, and tax evasion, reduce the rate of outstanding tax debts; modernize the tax, customs, and state treasury systems, implement electronic invoices, and utilize potential for increasing state budget revenue, especially potential for increasing revenue from cross-border digital transactions and digital platform services provided to consumers in Vietnam; recover funds for recurrent expenditures that are slow to be allocated or implemented.
– Flexibly utilize appropriate mechanisms, policies, and tools to mobilize additional domestic and foreign resources to implement the Program; report to competent authorities on the plan to increase excise tax on certain goods whose consumption needs to be restricted, so that it can be applied promptly during the implementation of the Program;
– Coordinate with ministries, central and local agencies to accelerate the equitization and divestment of state capital in state-owned enterprises; actively review non-budgetary financial funds, capital from trade unions and socio-political organizations, and the investment capacity of the State Capital Investment and Business Corporation to propose appropriate mobilization and utilization plans; research solutions to mobilize entrusted capital from local budgets for the Social Policy Bank.
– To chair and coordinate with the Ministry of Planning and Investment to submit to the Prime Minister for decision on mobilizing ODA funds and preferential foreign loans in the form of budget support.
– If necessary, the agency shall preside over and coordinate with the State Bank of Vietnam to report to the competent authority to decide on the plan for issuing government bonds in foreign currency, and the plan for raising funds from other appropriate legal financial sources; and submit to the Prime Minister for consideration and decision on the direct issuance of government bonds to the State Bank of Vietnam.
b) Flexibly utilize mobilized capital for the Program and capital mobilized according to the national financial plan and public debt borrowing and repayment over 5 years and annually; ensure sufficient and timely allocation of funds for expenditure tasks of the state budget in general and for the Program in particular.
c) Closely monitor the targets in the National Financial Plan and public borrowing and debt repayment plan for the 5-year period 2021-2025; in case of significant fluctuations or risks, take the lead in reporting and submitting to the Government and the Prime Minister for timely reporting to competent authorities for consideration and decision.
d) Coordinate with the Ministry of Planning and Investment to compile the tasks and projects under the Program that have completed investment procedures and met the conditions for capital allocation, develop a plan for allocating the 2022 state budget for expenditure tasks under the Program, and report to the Government and the Prime Minister in the first quarter of 2022.
d) To chair and coordinate with the Ministry of Health and the State Bank of Vietnam to report to competent authorities on the use of other legitimate financial sources to import vaccines, treatment drugs, and medical equipment and supplies for the prevention and control of the COVID-19 epidemic.
e) To chair and coordinate with the Social Policy Bank to submit to the Prime Minister a decision on the plan for guaranteeing the issuance of bonds by the Social Policy Bank to provide loans to policy beneficiaries as stipulated in clause c, point 2, section II of this Resolution in the first quarter of 2022.
g) Submit to the Government and the Prime Minister for promulgation detailed regulations on the implementation of tax exemption and reduction policies according to Resolution No. 43/2022/QH15; regulations on land rent reduction and extension of payment deadlines for taxes and land rent as specified in points a and b of item 3, section II of this Resolution.
h) Coordinate closely with the State Bank of Vietnam to develop and submit to the Government for promulgation a Decree guiding the implementation of interest rate support for loans from the state budget to enterprises, cooperatives, and business households as stipulated in clause c, point 3, section II of this Resolution.
i) To chair and coordinate with the State Bank of Vietnam and relevant agencies to submit to the Prime Minister a Decision to guide the implementation of interest rate support for the Social Policy Bank in the first quarter of 2022.
k) Review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 within the scope of management, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022.
l) To chair and coordinate with the Ministry of Education and Training and relevant agencies to submit to the Prime Minister a Decision on lending to students to purchase computers for online learning due to the impact of the COVID-19 pandemic in February 2022.
m) Urgently revise the contents under management in Circular No. 12/2016/TTLT-BKHCN-BTC dated June 28, 2016 in the first quarter of 2022 to promptly resolve difficulties and obstacles in the use of the Science and Technology Development Fund by enterprises.
4. State Bank of Vietnam
a) To manage monetary policy tools synchronously and flexibly to contribute to maintaining macroeconomic stability, controlling inflation, ensuring the safety of the credit institution system, and actively supporting socio-economic recovery and development; and to implement solutions to handle bad debts of the credit institution system.
b) Direct credit institutions to continue reducing operating costs in order to strive to reduce lending interest rates by approximately 0,5% - 1% in 2022 and 2023, especially for priority sectors.
c) Balance monetary support solutions for the Program with the overall plan for restructuring banks under special supervision.
d) Study the implementation of policies to extend the repayment period, waive or reduce interest rates, and maintain the same loan classification for customers affected by the COVID-19 pandemic, if necessary.
d) Regulate monetary policy appropriately, coordinate closely with fiscal policy, create favorable conditions for the issuance of government bonds and for credit institutions to continue investing in government bonds.
e) Coordinate with the Ministry of Finance and the Ministry of Health to utilize other legitimate financial sources to meet the import needs for vaccines, treatments, and medical equipment and supplies for the prevention and control of the COVID-19 epidemic.
g) In the first quarter of 2022, the Ministry of Finance shall take the lead and coordinate closely with the Ministry of Finance and the Ministry of Planning and Investment to submit to the Government a Decree guiding the implementation of interest rate support for loans from the state budget to enterprises, cooperatives, and business households as stipulated in clause c, point 3, section II of this Resolution; based on that, issue a Circular guiding commercial banks to implement it.
h) To chair and coordinate with relevant ministries and agencies to submit to the Government for promulgation a Government Decree on preferential credit policies for implementing the National Target Program for socio-economic development in ethnic minority and mountainous areas for the period 2021-2025 in the first quarter of 2022.
i) To chair and coordinate with the Ministry of Finance to submit to the Prime Minister for consideration and decision the plan to increase charter capital from after-tax profits, after the allocation of funds, for the period 2021-2023 for joint-stock commercial banks in which the State holds more than 50% of the charter capital.
k) To chair and coordinate with the Ministry of Finance to submit to the Government for consideration and report to the National Assembly the plan to increase the charter capital of the Agricultural and Rural Development Bank from the state budget in the first quarter of 2022.
5. Ministry of Industry and Trade
a) Closely monitor domestic trade, exports, imports, and the trade balance, as well as energy balance; promptly issue or propose to competent authorities solutions to ensure a balanced and harmonious trade in goods and energy security to support the economic recovery and development phase.
b) Research and propose to the competent authorities to continue providing electricity price and bill subsidies for businesses and individuals at an appropriate time.
c) Coordinate with the Ministry of Labour, Invalids and Social Affairs to review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 within the scope of management.
6. Ministry of Health
a) Coordinate closely and effectively with ministries, central and local agencies to continue reviewing, guiding, and implementing health and safety measures appropriate to the situation and roadmap for reopening tourism, air transport, entertainment, cultural, and artistic services while ensuring disease safety; review, adjust, and supplement guiding regulations, strengthen inspection and supervision, and organize implementation to ensure uniformity in regulations on the travel and movement of workers, circulation of goods and services, and safe production, maintaining continuous and stable operation at appropriate capacity and costs.
b) To chair and coordinate with relevant agencies in developing plans and implementation roadmaps to ensure the timely and effective supply of vaccines, treatments, and equipment and supplies for COVID-19 prevention and control.
c) To chair and coordinate with ministries, central and local agencies to review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 in the health sector, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022.
7. Ministry of Labour, Invalids and Social Affairs
a) To chair and coordinate with relevant localities to develop and submit to the Prime Minister for promulgation a decision on housing rental support for workers as stipulated in point a, item 2, section II of this Resolution in February 2022.
b) Summarize and evaluate policies supporting people and workers affected by the Covid-19 pandemic; propose and report to competent authorities for consideration and continued implementation of timely support policies for people and workers affected by the Covid-19 pandemic. Regarding the policy supporting employers in borrowing funds to pay wages for employees who have stopped working or are returning to work, evaluate the implementation results and report to the Prime Minister in February 2022 for consideration and continued implementation of this policy as stipulated in clause d, point 2, section II of this Resolution.
c) To chair and coordinate with ministries, central and local agencies to review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 for social assistance facilities, training, vocational education, job creation, and digital transformation and information technology projects under their management, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022.
8. The Ministry of Natural Resources and Environment shall preside over and coordinate with the Ministries of Transport, Construction, Agriculture and Rural Development, and other relevant ministries, sectors, and localities to issue a guiding document in February 2022 on the implementation of the special mechanism stipulated in Clause 2, Article 5 of Resolution No. 43/2022/QH15 of the National Assembly on the exploitation of mineral mines for common construction materials included in the survey dossier of construction materials serving national important transport infrastructure projects under the Program; the exploitation of mineral mines stipulated in this clause shall be carried out until the project is completed.
9. The Ministry of Transport shall review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 for transport projects under its management, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022.
10. The Ministry of Agriculture and Rural Development shall preside over and coordinate with ministries, central and local agencies to review and develop a list and estimated capital allocation under the Program for each task and project in the two years 2022-2023 and for each year 2022 and 2023 for investment projects on preventing and combating riverbank and coastal erosion, ensuring the safety of water reservoirs, adapting to climate change, mitigating the consequences of natural disasters, and digital transformation and information technology projects under its management, and submit it to the Ministry of Planning and Investment for compilation before February 15, 2022.
11. Ministry of Culture, Sports and Tourism
– Proactively lead and coordinate with the Ministry of Health, other ministries, agencies, and localities to develop, review, and decide, within their authority, on plans for reopening international tourism and entertainment, cultural, and artistic services according to a suitable roadmap, ensuring disease safety.
– Review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 in the field of digital transformation and information technology within the scope of management and capital allocation for the Tourism Development Support Fund, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022.
12. Ministry of Information and Communications
a) To chair and coordinate with the Ministry of Education and Training and relevant ministries, sectors, and localities in implementing the provision of tablet computers under the "Wire and Computers for Children" program from the Vietnam Public Telecommunications Service Fund.
b) Develop plans and make decisions within their authority regarding support for investment in telecommunications and internet infrastructure development from the Vietnam Public Telecommunications Service Fund in the first quarter of 2022.
c) Review and develop a list and estimated capital allocation for each task and project under the Program for the two years 2022-2023 and for each year 2022 and 2023 in the field of digital transformation and information technology within the scope of management, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022.
d) Directing and guiding information and propaganda work in the press and on the grassroots information system regarding the achievements in all fields such as socio-economic development, disease prevention and control, medical support, social security policies, and the Party and State's policies to provide timely and effective support to people and businesses; disseminating and educating people on awareness, knowledge, and skills for self-defense against natural disasters and epidemics; providing information, skills, and services for medical examination, treatment, and preventive medicine, including COVID-19, to people and localities. Disseminating good models and best practices from international sources; calling for mutual support and assistance; promptly commending and encouraging good examples, best practices, and effective methods to create social consensus and strengthen the people's trust.
d) Coordinate with the Central Propaganda Department to lead and direct comprehensive information on the situation of epidemic prevention and control, and socio-economic development through domestic and foreign information channels; promptly prevent, refute, and strictly handle harmful, false, and provocative information that negatively impacts and hinders epidemic prevention and control, and socio-economic recovery and development. Ensure online connectivity for smooth guidance from the central level to each commune, ward, and town.
13. The Ministry of Construction shall preside over and coordinate with the State Bank of Vietnam, the Ministry of Planning and Investment, the Ministry of Finance, the Social Policy Bank, and other ministries, agencies, and localities to focus on resolving obstacles related to mechanisms, policies, and laws, and effectively implement policies supporting social housing and housing for workers; and renovate and rebuild old apartment buildings.
14. The Ministry of Science and Technology shall urgently revise Circular No. 12/2016/TTLT-BKHCN-BTC dated June 28, 2016, in the first quarter of 2022 regarding contents under its management to promptly address difficulties and obstacles in the use of the Science and Technology Development Fund by enterprises.
15. The Ministry of Education and Training shall preside over and coordinate with the Ministry of Health and local authorities to regulate, within their authority, the standards, conditions, and procedures for safely, scientifically, appropriately, and effectively reopening schools; and shall preside over and coordinate with the Ministry of Finance, the Social Policy Bank, and relevant agencies to submit to the Prime Minister a Decision on the conditions, procedures, and interest rates for loans to non-public preschool and primary education institutions in the first quarter of 2022.
16. Social Policy Bank
a) Urgently implement preferential loan programs for priority groups under the Program. To maximize resource efficiency, based on the actual situation, the Social Policy Bank will flexibly adjust capital allocation during the year from tasks with slow implementation progress to tasks with faster implementation progress and will be fully responsible to the Government and the Prime Minister.
b) Compile the total funding requirements for interest rate subsidies, interest rate compensation, and management fees to implement the policies under the Program for the two years 2022-2023 and each year, and submit it to the Ministry of Planning and Investment for consolidation before February 15, 2022. Finalize the settlement of interest rate compensation and management fees for the Program in accordance with the financial management regulations of the Social Policy Bank.
c) Develop a plan for issuing government-guaranteed bonds, submit the application for a guarantee to the Ministry of Finance for approval by the Prime Minister, grant a government guarantee to the Social Policy Bank, and organize the issuance and management of the capital raised from the government-guaranteed bond issuance in accordance with the law on granting and managing government guarantees and Resolution No. 43/2022/QH15 of the National Assembly.
d) Separately monitor outstanding loan balances for preferential credit programs mentioned in sub-point c, point 2, section II of this Resolution.
17. Ministries, central and local agencies
a) Effectively and consistently implement the COVID-19 epidemic prevention and control program (2022-2023); use flexible and effective epidemic prevention and control measures to minimize the impact on production and business; implement safe production and business methods that adapt well to different developments of the epidemic in order to maintain smooth production and business operations in the context of the epidemic.
b) Intensify thorough reviews and propose removals of institutional and legal barriers hindering production and business activities; accelerate the implementation of the roadmap for reducing and simplifying administrative procedures and improving the investment and business environment; strengthen the processing of administrative procedures on online platforms; research and implement breakthrough solutions to encourage innovation, digital transformation, the digital economy, the green economy, and the circular economy, linked to rapid recovery and sustainable development.
c) Local authorities shall study and propose to competent authorities continued support for businesses and people at appropriate times; and allocate funds to implement the Program's policies under their local budget management.
d) Proactively develop specific solutions and policies for each sector, field, and locality to ensure rapid economic recovery and sustainable development.
d) Strengthen the utilization of the national population database to serve policy planning; build an e-government; and reform administrative procedures.
e) To enhance the capacity of state management, social governance, and the skills and abilities of cadres and civil servants; to develop plans for disease prevention, control, and adaptation; to regularly inspect and monitor their implementation; to prepare contingency plans for emergency and worst-case scenarios, avoiding passivity and surprise that could affect response capabilities. To leverage the strength of the people and the grassroots political system in organizing and implementing disaster and disease prevention and control.
g) Based on the tasks and projects planned for investment under the Program as outlined in Report No. 01/BC-CP and Submission No. 02/TTr-CP dated January 2, 2022, of the Government, proactively review and develop a list and estimated capital allocation under the Program for each task and project in the two years 2022-2023 and for each year 2022 and 2023 within the scope of management, and submit it to the relevant ministries for consolidation as required; for digital transformation and information technology projects, submit it to the Ministry of Planning and Investment before February 15, 2022.
– Regarding the disbursement of public investment capital: (i) Expeditiously complete the investment procedures for projects under the Program in accordance with the Law on Public Investment and relevant laws; (ii) Accelerate the progress of land clearance, promptly resolve difficulties and obstacles related to land and resources; (iii) Urge and accelerate construction progress; carry out acceptance testing and prepare payment documents as soon as work is completed; (iv) Review and reallocate capital plans between projects with slow disbursement to projects with good disbursement progress and capital shortages; (v) Establish a working group to promote capital disbursement in each ministry, agency, and locality to urge, inspect, supervise, and handle bottlenecks in the disbursement of public investment capital; (vi) Review the responsibilities of collectives, heads, and individuals involved in cases where the disbursement plan is not completed according to the set schedule; (vii) Resolutely combat stagnation and strictly handle negative cases in public investment; (viii) Conduct online bidding in accordance with regulations, ensuring openness, transparency, and selection of qualified contractors; (ix) Strictly handle cases where contractors violate the contract schedule and quality.
– Heads of ministries, central and local agencies: (i) Be fully responsible to the Government and the Prime Minister for the results of monitoring, inspecting, and organizing the disbursement of public investment capital in their respective ministries, agencies, and localities; (ii) Assign specific leaders of agencies and units to directly oversee and direct the disbursement, regularly inspect progress on-site, and promptly resolve difficulties and obstacles for each project; (iii) Organize weekly meetings with managing agencies and investors on the progress of projects and disbursement of public investment plans. Prevent delays, prolonged periods, and inefficiency in public investment while resources are limited and public opinion is concerned.
h) Periodically, on a quarterly basis, report on the progress of investment tasks up to the reporting date and summarize the capital disbursement needs for the following quarter, submitting them to the Ministry of Finance for the purpose of developing a realistic capital mobilization plan, and to the Ministry of Planning and Investment to monitor and promote the disbursement of public investment capital.
i) Effectively and promptly implement specific mechanisms to accelerate public investment projects under the Program, ensuring transparency, accountability, and combating corruption, embezzlement, and waste.
k) Strengthen inspection and supervision, promote the prevention and fight against negativity, corruption, and waste; prevent negative acts, corruption, and exploitation of policies; ensure openness and transparency in implementation.
18. Vietnam Television, Vietnam Radio, and Vietnam News Agency should be more proactive and diligent in providing timely, accurate, and comprehensive information on the country's situation, policies supporting businesses and people, and the results of the Program's implementation.
19. The government proposes:
a) The Standing Committee of the National Assembly, the National Council and the Committees of the National Assembly, the National Assembly delegations, National Assembly deputies, the People's Councils of provinces and centrally-administered cities, the Vietnam Fatherland Front, and its member organizations, within the scope of their duties and powers, shall supervise the implementation of this Resolution.
b) The Central Committee of the Vietnam Fatherland Front, the Vietnam Confederation of Commerce and Industry, the Vietnam General Confederation of Labor, political and social organizations, and professional and social organizations shall strengthen supervision, coordinate efforts to urge, inspect, and evaluate the implementation of the Program, while refuting fake news, malicious and distorted information about disease prevention and control to create consensus and trust among the people; regularly research and understand the situation, and propose solutions to support and resolve difficulties and obstacles for businesses.
c) The State Audit Office shall conduct annual audits of the implementation of the Program, ensuring that it is implemented quickly, effectively, openly, transparently, and against negativity, corruption, and vested interests. The audits shall be reported to the National Assembly at the end of the sessions of 2022 and 2023, and at the mid-year session of 2024.
20. Ministers, heads of ministerial-level agencies, government agencies, chairpersons of People's Committees of provinces and centrally-administered cities, chairpersons of boards of directors, and general directors of state-owned corporations and companies are directly responsible to the Government and the Prime Minister for the proactive implementation and results of this Resolution; in the process of implementation, in case of difficulties arising, they shall report and propose solutions promptly and fully to the competent authorities as prescribed./.