Prime Minister requires Finance Ministry to reform mindset on policy building
Prime Minister Pham Minh Chinh has told the Finance Ministry to reform the mindset on policy building in the direction of mobilizing resources from all sources and using all resources in an effective and economical manner.
Hanoi (VNA) – Prime Minister Pham Minh Chinh has told theFinance Minist🔯ry to reform the mindset on policy building in the direction of mobilizingresources from all sources and using all resources in an effective andeconomical manner.
Speaking at a working session with the ministry on April 29, thePM said policies must help with liberalizing every production capacity, bettertapping potential and advantages towards creating a strong driving force fornational development in both short, medium and long term. He instructed the financial sector to focus on revising andperfecting institutions, mechanisms and policies so as to remove obstacles anddifficulties for sectors, localities, enterprises and citizens, as well as topromote the role of State finance and budget in serving national development. In particular, PM Chinh required the ministry to eliminate red-tapeand the mechanism of asking-giving with a view to increasing financialself-reliance in agencies, establishments and localities, while ensuringfairness, harmonious interests among all sides and upholding individualresponsibility. He also demanded tightening State financial and budgetarydiscipline and order along with promoting decentralization. The Finance Ministry should quickly revise and perfect taxationpolicy to facilitate investment, business and production activities while ensuringnational interest, he said. Finance Minister Ho Duc Phoc reported that the ministry istasked with 40 legal projects in 2021, including building one law, 15 decrees andeight decisions. As of the end of April, the ministry had submitted to theGovernment nine projects. Many new legal documents built by the ministry focuson removing bottlenecks in the economy, thus stimulating production andbusiness, and helping ease difficulties caused by the COVID-19 pandemic andnatural disasters, he said. Phoc added that the ministry is working on a project on reformingthe classification of the State budget towards the goal of ensuring the keyrole of the central budget along with the proactivity of local budgets./.
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Prime Minister Pham Minh Chinh (Photo: VNA) 
