Regarding the question on his stance on raising budget overspending rate from 4.8% to 5.3% and on issuing an addition of VND 170 trillion Government bonds amid fear of resurgent inflation and economic instability, PM Dung said this is the right concern.
The objective of the above moves is to ensure macro-economic stability, control inflation and maintain reasonable growth rate as already mentioned in the Government’s earlier reports and the National Assembly’s resolution on 2014 socio-economic development.
PM Dung stressed that by implementing adopted solutions in a comprehensive and effective manner, can the targets of achieving the GDP growth rate of 5.8% and 6% in 2014 and 2015, respectively and the inflation rate of 7%, maintaining macro-economic stability, and ensuring the safety of public debts be feasible.
For the Government’s measures to deal with the slow promulgation of decrees and decisions for detailed implementation of laws and ordinances, PM Dung said the Government brought this mission to discussions at all monthly meetings, or even organized specialized conferences.
Since the beginning of 2012, the Government has been focusing on overcoming the weakness and the number of unissued documents was reduced to 27 by the year-end.
In 2013, the PM and the Government have to issue 129 decrees and decisions on detailed realization of 38 laws and ordinances, doubling the number of guidance documents in 2012.
As of November 20, some 110 out of 129 documents have been promulgated and the Government pledged to strive to complete the majority of the rest by the end of this year.
To deal with the slow promulgation and improve the quality of guidance documents, PM Dung said that Government will focus on measures, including the heightening of the responsibility of heads of administrative bodies. The PM, Deputy PMs, Ministers must be responsible for the composition of draft laws and ordinances as well as guidance documents.
Regarding the question on allowing localities without oil to build oil refinery plants, PM Dung said the Government issued a planning scheme on oil sector development. The following plants are included in the scheme.
First, Dung Quat Oil Refinery Plant is operating well with the capacity of 6.5 million tons/year, which will be expanded to 10 million tons/year.
Second, Nghi Son Refinery has the capacity of 10 million tons/year. It is the joint venture between PetroVietnam (25% stake), Kuwaiti and Japanese partners with (35%) and (40%), respectively. Construction began in October 2013.
Third, Phu Yen Refinery is totally funded by a Russian company with total capacity of eight million tons/year. Competent authorities have appraised and granted investment license. The locality is speeding up preparations for official construction.
Fourth, the Government is calling for investment in the Long Son oil refinery project in the southern coastal province of Ba Ria-Vung Tau.
Fifth, Can Tho oil refinery has been granted investment license however the Government tasked the city to withdraw the license due to the limited capacity of the investor.
Sixth, investors are being invited to invest in Nam Van Phong Refinery in Khanh Hoa province.
PM Dung said only one oil refinery project has not been included in the planning scheme. The project, named Nhon Hoi Oil Refinery, is funded by Thailand. PM Dung said he will consider adding the project to the planning scheme after competent agencies of Viet Nam evaluate the efficiency of the project.
