Resolution No. 70/NQ-CP 2020 regulations on the regular meeting in April

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Resolution No. 70/NQ-CP dated May 14, 2020 of the Government on the Government’s regular meeting in April 2020
Issuing body: GovernmentEffective date:
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Official number:70/NQ-CPSigner:Nguyen Xuan Phuc
Type:ResolutionExpiry date:Updating
Issuing date:14/05/2020Effect status:
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Fields:Policy

SUMMARY

To allocate a maximum of VND 3,500 billion of additional charter capital to Agribank

On May 14, 2020, the Government issues the Resolution No. 70/NQ-CP on the Government’s regular meeting in April 2020.

Specifically, the Government unanimously agrees that the allocation of additional charter capital to Agribank from sources of revenue increases and expenditure savings of the central budget in 2019. The additional charter capital shall be equivalent to Agribank's net profit after tax in 2020, and not exceeding VND 3,500 billion.

In addition, regarding to the COVID-19 pandemic, the Government directs the Ministry of Labor, War Invalids and Social Affairs to support people facing difficulties, ensuring the timeliness, adequacy and application to the right subjects while preventing policy profiteering and regulation violation; the Ministry of Industry and Trade needs to prepare a plan to boost the export of agriculture, forestry and fishery products, striving to reach a total agricultural export turnover of over USD 42 billion; the Ministry of Planning and Investment shall review the difficulties faced by domestic enterprises due to the effects of the COVID-19 pandemic, which had been forced to transfer capital or sell shares to foreign investors, etc.

Besides, the Government also decides to maintain similar cable television services from the time after December 31, 2019 until the Decree amending and supplementing the Decree No. 06/2016/ND-CP on the management of provision and use of radio and television services had been issued and enforced by the Government.

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Effect status: Known

THE GOVERNMENT

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No. 70/NQ-CP

THE SOCIALIST REPUBLIC OF VIETANAM

Independence - Freedom - Happiness

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Hanoi, May 14, 2020

 

 

 

RESOLUTION

On the Government’s regular meeting in April 2020

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THE GOVERNMENT

 

Pursuant to the Law on Organization of the Government of June 19, 2015;

Pursuant to the Government’s Decree No 138/2016/ND-CP dated October 01, 2016 on promulgating the working regulation of the Government;

Based on the discussion of the delegates and the conclusion of the Prime Minister at the Government’s regular meeting in April 2020, held on May 05, 2020,

 

RESOLVES:

 

1. Regarding the socio-economic situation in April and the first 4 months of 2020

The Government unanimously assesses that: With the determination and unified actions of the entire political system, social community and the people, the Covid-19 pandemic had been put under control and community transmission of the disease had been prevented. The people believed in the leadership of the Party and the State and took pride in the pre-eminence and goodness of the country. All levels and sectors had been proactive and creative in providing advices and proposing measures to promptly issue many important and appropriate solutions and policies meeting the people’s need. Although the COVID-19 pandemic had severely affected most sectors and areas of the economy, the country was able to maintain a relatively decent situation. Macroeconomic conditions were stable; inflation was kept under control. Basically, the major balances of the economy were maintained; exchange rate was relatively stable, foreign currency reserves were abundant; deposit and lending interest rates had been lowered; liquidity of credit institutions was guaranteed; national credit rating was maintained. The central and local budget balances were guaranteed. Disbursement of public investment witnessed positive changes, increasing by 30% over the same period. In April alone it increased by 25% compared to the first 3 months. Exports rose 4.7% year-on-year, of which that of the domestic economic sector increased by 12.1%, with 15 items reaching export turnover of over USD 01 billion. Trade surplus hit over USD 03 billion. Winter-spring rice harvest was at bumper level. Due attention was paid to the people's health care, social security. Measures to support people in difficulties due to the COVID-19 pandemic were implemented in a prompt and effective manner. Attention was paid to effectively implementing solutions in the fields of education, training, science and technology, information, and communication. National defense, security and social order and safety were maintained. Foreign affairs were focused, especially in international cooperation with other countries and international organizations, and timely provision of support to countries in the prevention and control of the COVID-19 pandemic, which was highly appreciated by the international community.

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SAME CATEGORY

Decision No. 628/QD-TTg dated May 11, 2020 of the Prime Minister on promulgating the Plan on implementation of Conclusion No. 51-KL/TW of May 30, 2019, of the Party Central Committee’s Secretariat, on further implementing the Resolution of the 8th plenum of the 11th Party Central Committee on crucial and comprehensive reform of education and training to meet industrialization and modernization requirements in the context of the socialist-oriented market economy and international integration

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Education - Training - Vocational training , Policy

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