Finance Minister: Fiscal policies continue to smooth development
VGP – In 2009, while facing big challenges, the finance sector made great efforts to help secure macro-economic stability and back investments for development.
In
a recent interview with VGP, Finance Minister Vũ Văn Ninh asserted that,
in 2009, the year of global economic and financial crisis, the financial performance
was laudable.
Finance
Minister Vũ Văn Ninh - Photo: VGP/Giang Oanh
The sector made many sound proposals
which helped to fruitfully realize the Government’s solutions and stimulus
packages, notably tax exemptions and reductions, as well as credit guarantees
in order to facilitate production and business activities.
The sector also proactively
mobilized all capital sources, increased budget advances for development
projects; promoted corporate financial reforms; and renewed customs and tax
administrative procedures.
Talking
of the prospects in 2010, Mr. Ninh said that the Finance Ministry will further revitalize
investment, production and business activities by perfecting policies in favor
of all economic sectors while guaranteeing interests of the State, the business
community and people.
The Ministry will continue
to mobilize capital through issuing bonds; providing credits guarantees to
small and medium enterprises running feasible projects; and pouring
governmental bond capital on transport, irrigation, healthcare, education and
rural infrastructure projects.
Special attention will be
paid to the development of financial markets and services, said Minister Ninh.
He added that the Government will speed up the equitization of State-owned
enterprises; develop stock and capital markets in a stable and transparent
manner; and tighten inspection work and administrative procedure reforms.
According
to the Minister, in 2010,
the higher growth rate may be accompanied by price pressure which is resulted
from loosening fiscal and monetary policies in 2009 and impacts of price
increases in the world market.
Thus, to curb inflation
while securing economic stability and growth, the Government will try best to
raise budget collection in order to ease budget overspending, prioritize social
security policies while flexibly applying policies on credit, interest rates, and
exchange rates.
Minister Ninh urged ministries,
sectors and local authorities to pour capital into important and feasible
projects, strictly control prices of goods and services, prevent monopoly, maintain
the supplies of commodities, especially primary ones, in order to keep prices
from hiking.
