Prime Minister Nguyen Xuan Phuc (standing) addresses the meeting (Photo: VNA) Addressing a meeting of standing Government members on March 3 in Hanoion a draft decision revising regulations for the settlement of debts facingrisks at VBSP and a draft resolution on financial regulations for the VietnamOil and Gas Group (PetroVietnam), the PM stressed that policies on povertyreduction, which play a major part in the Party and State’s guidelines, contributedto bringing down the rate of poor households to 2.7 percent from over 30percent in 2000.
The Government leader also underlined that poverty reduction is arequirement for sustainable development, demonstrating Vietnam’s orientationtowards socialism. Appropriate amendments and supplements are therefore neededto help VBSP fulfil tasks assigned by the Party and State.
The PM ordered VBSP to improve the quality and efficiency of itsoperation and pay due regard to the adverse impact of COVID-19 on people’slives, to identify support measures.
More groups of people have been recently named as eligible for takingout loans from the bank, he said.
The revision of the regulation for the settlement of debts facing risksat VBSP is greatly needed, and standing Government members expressed a high levelof consensus on the issue, voicing a hope that amendments will facilitatepoverty reduction and the bank’s effective operations.
The PM required that the Ministry of Finance, the State Bank of Vietnam,and VBSP promptly submit a draft decision for consideration, paying attentionto businesses and people facing risks posed by COVID-19.
PetroVietnam, meanwhile, contributed 83 trillion VND (3.48 billion USD)to the State budget last year.
The PM highlighted the role and position of the oil and gas sector in thecountry’s development, not only in terms of economy but also in defence andsecurity.
He called for the best conditions possible for the long-termdevelopment of the sector, in an effort to raise efficiency at PetroVietnam.
The MoF is tasked with completing the regulation in line with laws onthe management of State capital at enterprises and on the oil and gas industry,as well as current accounting mechanisms, thereby ensuring PetroVietnam’s effective,safe, and sustainable development./.
VNA
