Prime Minister Nguyen Xuan Phuc chairs a Government meeting (Photo: VNA) Hanoi (VNA) – The Government has askedministries, sectors and agencies to give advice to the Government and the PrimeMinister on measures to deal with overlapping, incoherent and ambiguous legalregulations, mechanisms and policies.
In a resolution released at the Government’s regular meetingfor July, the Government stressed the need to build a smooth legal corridor tofacilitate innovation activities and new business models in the FourthIndustrial Revolution such as digital and sharing economy, e-payment, virtualassets and virtual money.
It is necessary to remove obstacles in terms of investment andbusiness conditions to cut and simplify conditions for a better investment andbusiness environment, according to the resolution.
In the document, the Government requested the State Bank ofVietnam to continue regulating monetary policies in a proactive and flexiblemanner, while synchronising the policies with macro-economic economy, thusensuring the control of inflation.
The bank should keep suitable credit growth in line with creditquality control, meeting capital demand for economic development, strengtheningforeign currency reserves and continuing restructuring and dealing with baddebts of credit institutions, especially weak ones, asked the Government.
The Government also urged the bank to work with ministries,sectors and localities to ensure network safety and promote non-cash payments,especially transactions through banks for public services.-VNA
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