Cabinet to review economic stimulus package

The heads of 20 ministries and agencies have been assigned to control and step up the implementation of the Government’s Resolution 30, according to a decision by Prime Minister Nguyen Tan Dung.

A Sacombank advisor deals with customers’ bank loan queries. Deputy PM Nguyen Sinh Hung issued a decision on interest payments subsidies to individuals and organizations for new investment in production and trade.

Under Decision 440/QD-TTg, dated April 3, each head will instruct two to four provinces on how to follow the Government’s stimulus program to fight against the economic downturn, maintain growth and ensure social security.  

Officials will examine performances of the economic stimulus package, including investment for development, financial and monetary policies, and support for unemployed, underemployed and disadvantaged people in 61 poor districts across the country.    

Cabinet members will also consider and receive opinions about plans for poverty reduction in those 61 districts.

Their review will also look for best-method to have simplified administrative procedures for the period 2007-2010.

To help the Government’s solutions be performed efficiently, the PM ordered all provinces and cities to report difficulties, as well as their proposals for consideration and resolution.

The same day Deputy PM Nguyen Sinh Hung issued a decision on interest payments subsidies to individuals and organizations, with medium and short-term loans, for new investment in production and trade.

The interest subsidy is four percent and is offered for 24 months, from April 1, 2009 to December 31, 2011.

Source: SGGP-VNA – Translated by Quang Thinh

Other news