Prime Minister Nguyen Xuan Phuc at the event (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc onJanuary 10 asked the Finance Ministry to work closely with the Ministry ofPlanning and Investment to step up public investment disbursement.
During a teleconference in Hanoi reviewing thefinance-budget work last year and launching 2020 tasks, PM Phuc lauded thefinance sector’s achievements in 2019, saying that all localities met targetson State budget collection for the first time, making important contributionsto macro-economic stability.
The Finance Ministry also worked with relevant ministries,agencies and localities to direct prices, especially those of electricity, hesaid, adding that it cut over 2,100 procedures, thus improving businessenvironment regarding taxation and customs.
However, public investment disbursement remained slow,meeting 81.8 percent, 75.8 percent and 73.5 percent of the respective 2017,2018, 2019 plans set by the National Assembly.
He requested removing difficulties in the restructuring,equitisation and divestment in State-owned enterprises, as well as crackingdown on violations in land, natural resources and procurement.
In order to achieve the goal of being among the top ASEANcountries in terms of the business environment, he asked for continued reform tomove up 10 places in business environment rankings this year.
Amid complicated developments in the world this year, theleader suggested that the Finance Ministry pool resources for the nation andachieve the goal of earning 300 billion USD from exports this year.
The sector was also asked to tackle barriers to productionand trade.
As of December 31, the State budget collection surpassed1.54 trillion VND (66.9 million USD), up 9.79 percent by the estimate and 8.7percent from 2018.
Local budget collection topped 106.2 trillion VND while allthe 63 cities and provinces recorded higher revenue to the State budget thanestimate./.
During a teleconference in Hanoi reviewing thefinance-budget work last year and launching 2020 tasks, PM Phuc lauded thefinance sector’s achievements in 2019, saying that all localities met targetson State budget collection for the first time, making important contributionsto macro-economic stability.
The Finance Ministry also worked with relevant ministries,agencies and localities to direct prices, especially those of electricity, hesaid, adding that it cut over 2,100 procedures, thus improving businessenvironment regarding taxation and customs.
However, public investment disbursement remained slow,meeting 81.8 percent, 75.8 percent and 73.5 percent of the respective 2017,2018, 2019 plans set by the National Assembly.
He requested removing difficulties in the restructuring,equitisation and divestment in State-owned enterprises, as well as crackingdown on violations in land, natural resources and procurement.
In order to achieve the goal of being among the top ASEANcountries in terms of the business environment, he asked for continued reform tomove up 10 places in business environment rankings this year.
Amid complicated developments in the world this year, theleader suggested that the Finance Ministry pool resources for the nation andachieve the goal of earning 300 billion USD from exports this year.
The sector was also asked to tackle barriers to productionand trade.
As of December 31, the State budget collection surpassed1.54 trillion VND (66.9 million USD), up 9.79 percent by the estimate and 8.7percent from 2018.
Local budget collection topped 106.2 trillion VND while allthe 63 cities and provinces recorded higher revenue to the State budget thanestimate./.
VNA
