Maintain prices of essential goods, reduce BOT road fees

Ministries, sectors and businesses are not allowed to increase electricity prices and medical service prices in the remaining two months of the year, and to reduce fees at at least 19 BOT stations... are the latest instructions of the Government in the resolution of the meeting last October.

These are considered drastic moves by the Government to control inflation at the lowest level in the remaining two months of 2016, achieving the annual inflation target of below 5%.

Inflation is likely to increase in the remaining two months of 2016.

Closely monitor prices of essential goods

According to the resolution, the Government requested the Ministry of Finance to strengthen inspection and control to prevent loss of state budget revenue; actively urge and expand the tax base and collect tax arrears; strictly inspect and control the declaration of taxable prices. Thoroughly save budget expenditures, especially regular expenditures and the use of public assets.

The Ministry must preside over and coordinate with the Ministry of Natural Resources and Environment to correctly determine the value of land use rights according to market mechanisms when conducting auctions and rearranging real estate facilities of agencies, units, and equitizing state-owned enterprises.

In addition, coordinate with specialized management ministries to closely monitor prices of essential goods to have appropriate management solutions, control inflation within the scope assigned by the National Assembly; do not increase electricity prices and medical service prices in the remaining two months of 2016.

Along with that, strengthen the fight against smuggling and trade fraud at the end of the year. In coordination with the Steering Committee for Enterprise Innovation and Development, the Government Office organized a national conference on equitization and restructuring of state-owned enterprises in November 2016.

The Ministry of Industry and Trade closely monitors domestic and international market developments; promotes trade promotion, seeks and expands export markets; shifts the structure of export goods; increases the proportion of export production from domestic raw materials; promotes the production of goods with great export potential. Actively negotiates with relevant importing countries to remove technical barriers and boost exports to the ASEAN market. Takes the lead in implementing policies and measures to develop supporting industries.

Strengthen the dissemination and popularization of free trade agreements that Vietnam participates in so that people and businesses can grasp and have appropriate production and business plans. Implement solutions to ensure essential goods, avoid shortages and price hikes during the end of the year and Lunar New Year; coordinate with localities to promote the implementation of price stabilization programs; focus on developing the retail system nationwide, first of all in urban areas.

The Ministry of Industry and Trade must also proactively develop and have specific plans and strategies to ensure national energy and electricity for socio-economic development in the coming years, especially ensuring electricity supply for the southern provinces. Speed ​​up investment in urgent and key projects and works of the electricity sector. Implement the development and completion of restructuring projects for each sector of the industry and trade sector, and report to the Prime Minister in December 2016.

Continue to reduce BOT fees

The Government requested the Ministry of Transport to direct the acceleration of the implementation of key traffic projects and works and prepare new projects; study and propose specific mechanisms for management and investment at important traffic intersections in Hanoi and Ho Chi Minh City, and report to the Prime Minister.

Strengthening the work of ensuring traffic safety and order and preparing plans to ensure means of transport to serve people during the New Year and Lunar New Year. Presiding over and coordinating with the Ministry of Finance to direct the continued reduction of minimum BOT fees at 19 toll stations in 2016.

The Ministry of Construction presides over and coordinates with relevant ministries, agencies and localities to organize a National Conference on social housing and housing for workers.

The Ministry of Agriculture and Rural Development focuses on directing the promotion of agricultural production development, meeting domestic consumption demand at the end of the year, Lunar New Year and serving exports. Strengthening inspection and supervision of the use of banned substances and antibiotics in livestock farming. Presiding over and coordinating with the Ministry of Industry and Trade to launch inspections and handle fake pesticides and fertilizers.

In addition, closely monitor the weather situation to direct the adjustment of planting and production time in each region appropriately, proactively avoiding peak periods of severe cold, drought and saltwater intrusion.

The Ministry of Agriculture must focus on building the Vietnamese rice brand and ensuring a stable rice market. Enhance forest protection and development, resolutely close natural forests, especially strictly manage the use of forest land in the Central Highlands. Review and supplement the development plan of the agricultural and rural development sector for the period 2016 - 2020 on the basis of the Economic Restructuring Project for the period 2016 - 2020 approved by the National Assembly.

According to Song Ha/vneconomy