The implementation progress of the 2-percent interest rate support package is extremely slow, the Ministry of Finance informed at a press conference for the fourth quarter of 2022 on January 9 in Hanoi.
By November 30, 54 localities and ten ministries had a disbursement rate below 50 percent. Of these, six ministries and four localities had zero percent disbursement rate. Three ministries and five localities saw a disbursement rate of over 50 percent of the capital plan.
The Ministry of Finance (MoF) is taking steps to stabilize domestic gasoline prices and supply while removing difficulties for petroleum traders, said Nguyen Tien Minh, Director of the MoF’s Price Management Department.
According to a report of the Ministry of Industry and Trade at a press conference on November 15, while fuel prices increase, and the USD/VND exchange rate climbs, many fuel enterprises face difficulties in accessing foreign currency and credit sources (businesses are not eligible for loans at credit institutions).
The Ministry of Finance continued to make recommendations on the operation of the corporate bond market on November 14. Since 2019, this has been the 17th warning to corporate bond issuers, market participants, and individual investors.
The Ministry of Finance yesterday sent an official dispatch to the Ministry of Industry and Trade about the normative cost calculation of the base price of petrol which was proposed to apply from November 11.
Vietnam should focus on accelerating the disbursement of public investment and the economic recovery programme in the next two years to promote national growth, according to Le Thi Thuy Van, deputy director of National Institute for Finance under the Ministry of Finance.
The Ministry of Finance has just announced the balance of the petrol price stabilization fund by the end of the second quarter of the year to implement the principle of publicity and transparency in the administration of petrol and oil prices following Decree No.83 and Decree No.95 of the Government.
The Ministry of Finance proposed a reduction of the import tax rate of Most Favored Nation (MFN) for unleaded fuel under the HS code from 2710.12.21 to 2710.12.29 from 20 percent to 10 percent instead of a reduction from 20 percent to 12 percent as suggested before.
Vietnam was placed 68th out of the120 countries in the Open Budget Survey (OBS) 2021 recently released by the International Budget Partnership (IBP), up nine spots against 2019 and 23 against 2017, the Ministry of Finance announced on June 9.
An official of the Ministry of Public Security (MPS) mentioned measures for cracking down on fake news while another from the Ministry of Finance (MoF) highlighted ways to ensure the transparency of the financial, stock, and bond markets at the Government’s monthly press conference on April 29.