VCN - 2019 has witnessed many achievements in Vietnam's economic development. The results achieved are especially meaningful in the world of fluctuations. This helps create more strength for our country to soon achieve the goals set out in the 5-year Socio-Economic Development Plan of 2016-2020 and continue to enhance Vietnam's position in international integration.
Politburo member, Deputy Prime Minister VuongDinh Hue spoke with Customs Newspaper for the special issue of Lunar New Year 2020.
Affirming the prestige and position of Vietnam
Deputy Prime Minister, could you give an overview of Vietnam's outstanding socio-economic achievements in 2019?
We are pleased to see that, in 2019, despite facing many difficulties and challenges, our country continues to grow rapidly and comprehensively in most fields. This is the second consecutive year that our country has achieved and exceeded all 12 major targets, of which five targets exceeded the plan. There are eight outstanding socio-economic achievements in 2019 as follows:
Achievements of thefinancial sector
Regarding socio-economic development in 2019, the Financial sector played an important role. What do you think about the outstanding results in the field of finance and budget in the last year?
Under the direction of the Government and the Prime Minister, in 2019, the Financial sector has overcome many difficulties and challenges and achieved many positive results, namely:
In the field of finance and budget, the balance of revenue and expenditure continues to be strengthened to ensure the stability of national finance. Could you please evaluate the role of the Finance sector in the direction and administration of this important political task?
In 2019, under the close guidance of the Government and the Prime Minister, the budget discipline was maintained. In particular, revenue and expenditure activities have had very positive movements as it was the fourth consecutive year that the State budget revenue exceeded the estimate, of which this was the second consecutive year that the Central budget revenue was exceeded. In general, the collection of State budget is increasingly sustainable, mainly from production and business activities.
Regarding budget expenditures, the Government and the Prime Minister have thoroughly managed budget spending to be very tight and economical; minimizing expenses for organizing conferences, seminars and festivals; restricting the allocation of funds for foreign research and surveys; promoting the implementation of package spending; reducing support for public non-business units according to the price and fee adjustment roadmap; tightening the advance, transfer of funds and supplementing estimates. So far, the proportion of recurrent expenditure estimates has gradually decreased, while ensuring the source of wage reforms to increase by about 7 percent/year according to the Resolution of the National Assembly and other spending tasks for national defense and security, and other urgent social security policies.
Regarding the budget deficit, the estimated deficit in 2019 was at 3.6 percent of GDP, but in fact, the proportion was only 3.4 percent of GDP, lower than the estimate. In which, the Central budget deficit met the estimate, the local budget balance didnot overspend and was even reduced.
In addition to the professional field, another highlight in the work of the Financialsector in 2019 is to continue to takemany strong and drastic steps in the organization, arrangement and streamlining of the apparatus, especially in the fields of Tax and Customs.
It can be said that the Financial sector’s results have contributed significantly to the overall achievements of the national economy in 2019, especially ensuringnational financial potential.
Facilitating associated with combating smuggling and trade fraud
The policy of trade facilitation, strengthening of import-export activities and international economic integration has been strongly promoted and implemented by the Party, State and Government. In 2019, how does this content continue to be implemented, Deputy Prime Minister?
Import-export turnover of Vietnam in 2019 reached over US$500 billion, this is an important milestone in the integration process of Vietnam. This result is an important achievement for many continuous years, as we have accelerated opening and deepening international integration with specific steps.
In 2019, we continue to effectively implement Free Trade Agreements (FTAs), especially the new generation FTAs such as the Vietnam-EU Free Trade Agreement (EVFTA) and prepare for the National Assembly's ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). At the same time, Vietnam is actively participating in negotiating new FTAs. This is one of the effective solutions to open the door for Vietnamese goods to enter the world market.
From the beginning of the year, the Government has issued and directed the drastic implementation of Resolutions No. 01 and 02/NQ-CP. Including important content related to the implementation of solutions to improve the business environment and enhance national competitiveness. For the import-export field, the most important objective is to continue reforming, simplifying administrative procedures and reforming specialized inspections to reduce clearance time for goods.
The National Steering Committee on the ASEAN Single Window (ASW), the National Single Window (NSW) and trade facilitation (Commission 1899) has guided ministries and industries more drastically in implementing the NSW, the ASW and reforming specialized inspections. So far, the goals set in implementing the NSW and the ASW have been implemented as planned. In particular, the NSW has been connected to nearly 200 administrative procedures related to almost all import and export activities ofbusinesses. Vietnam has officially exchanged information with eight countries including Singapore, Malaysia, Indonesia, Thailand, Brunei,Cambodia, Laos and Myanmar.
Steering Committee 1899 is asking relevant ministries and agencies to continue to improve the legal basis for the implementation of NSW and ASW, including the development of a Decree on connecting and sharing information between government agencies and stakeholders.
Speeding up the preparation and implementation of the master plan on the construction and development of information technology systems for the deployment of NSW and ASW under a centralized process.Concentrate resources and accelerate the process of reviewing procedures, information targets, developing IT systems and other related solutions to ensure the fulfillment of the objective of implementing new administrative procedures on the National Single Window.
The reform and opening up to facilitate trade isalso accompanied with the risk of increasing smuggling, trade fraud, counterfeit goods, and infringement of intellectual property, especially origin fraud for goods labelled as made in Vietnam. What do you think about this issue, Sir?
The view of the Government and the Prime Minister is to resolutely prevent and strictly handle acts of origin fraud andtrade remedies evasion to protect domestic production, and at the same timedevelop domestic production and export in a sustainable manner. From that point of view, the Government and the Prime Minister have drastically directed ministries, branches and localities to implement synchronous solutions to prevent and strictly handle violations. We have been active in monitoringand tightening management measures, while detecting and handling acts of origin fraud and tax evasion.
The Prime Minister has approved the Scheme to strengthen state management of trade remedies evasion and origin fraud, with the specific goal of preventing acts of evading trade remedies and goods origin fraud in a comprehensive and timely manner, effectively exploiting international commitments, developing imports and exports sustainably. The promulgation of this Project is appreciated by Vietnamese trading partners.
With the above efforts, we will be proactive in management, preventing fraud and illegal evasion. So far, there have beenno large-scale origin fraud cases on our exports.
2020 is an extremely important year asVietnam completes the 5-year Socio-Economic Development Plan 2016-2020, and prepares for a new development period. The National Assembly sets the target of 6.8 percent in GDP growth in 2020. In your point of view, what are the goals and solutions to complete the targets?
The Party Central Committee concluded and the National Assembly issued a Resolution on socio-economic development and state budget estimates in 2020 with six general development goals as follows: (1) Institutional improvement, facilitation of resources; (2) Strengthening and promoting the nation's development platform; (3) Economic development in harmony with cultural and social development; (4) Administrative reform; (5) Ensuring national defense, security, independence, sovereignty, territorial integrity and maintaining a peaceful and stable environment for development; (6) Improving the effectiveness of communication, information and coordination. With determination to successfully implement the tasks of the Socio-Economic Development Plan and State Budget Estimation in 2020, contributing to the completion of the 5-year Socio-Economic Development Plan for 2016-2020 and the 10-year Strategy for 2011-2020, the Government defines the motto of action in 2020 as "Discipline, Integrity, Action, Innovation, Responsibility, Efficiency", with a number of key tasks and solutions as follows:
- Strongly renovating the work of building and perfecting the legal system towards synchronization and modernity, meeting the requirements of innovation and integration;
- Effectively administering management and regulatory tools to ensure the maintenance of macroeconomic stability and major balances of the economy, creating an environment, a driving force and a foundation for rapid and sustainable development;
- Restructuring the economy, finding new geographical areas for growth, improving productivity, quality, efficiency and competitiveness. Acceleratingthe transformation of the growth model based on the application of science and technology, innovation, and increasing labor productivity;
- Taking all resources, promoting the construction of infrastructure systems and the role of key economic regions and big cities, strongly developing the marine and digital economy;
- Improving the quality of human resources associated with basic and comprehensive innovation in education and training, promoting scientific research, application, technology transfer and innovation;
- Developing culture and arts, making social progress and justice and improving the quality of life of the people, in harmony with economic development;
- Actively responding to climate change, preventing and combatting natural disasters; strengthening resource management and environmental protection;
- Improving the efficiency of state management, accelerating administrative judicial, inspect and examine reforms. Promoting settlement of complaints and denunciations, and fighting against corruption,wastefulness and negativity;
- Closely and effectively combining socio-economic development with national defense, security and foreign affairs; consolidating defense and security potential; firmly defending national sovereignty and territorial integrity; ensuringsocial order and safety; improving the effectiveness of foreign affairs activities and international integration;
- Promoting information, press and communication activities, improving the effectiveness of coordination among agencies, organizations, Fatherland Front Committees and mass organizations at all levels.
Thank you, Deputy Prime Minister!
By Thai Binh/KieuOanh