Coordinate With Fiscal And Currency Policies: Promoting Efficiency And Supporting People And Businesses

Reply to TBTCVN reporter, TS. Nguyen Van Hien - Vice Rector of the University of Finance - Marketing said that the coordination between fiscal and currency policies is relatively good, flexible and rhythmic. Policies exempted, reduced and discharged Taxes and land rent ..

. have supported enterprises to overcome difficulties. That result has brought positive signals in ensuring social security and supporting the recovery process of enterprises, contributing to reality Showing the dual target of the Government.PV: Observing the Vietnam Economic situation, how did he assess the coordination between fiscal policy and monetary policy from the beginning of 2021 to the present, especially in coordination Implementing the dual target of the Government? Dr
Nguyen Van Hien: The coordination between fiscal policy and currency is essential to avoid the "reverse trumpet drum" in operating the government's macroeconomic policies. Advising the Government on fiscal policy as the Ministry of Finance and Monetary Policy as the State Bank. These two agencies have exchanged, unified, rhythmically on support policies for policies that are not "kicked" each other, not contradictory. Nguyen Van Hientheo observed by individuals, I think that the coordination between fiscal and currency policy is relatively good, flexible and smooth, has promoted effectively. This effective coordination has brought positive signals in ensuring social security and supporting the recovery process of enterprises (enterprises), contributing to the implementation of dual targets of the Government.PV: Please analyze this effective coordination? Dr. Nguyen Van Hien: Applications such as in supporting objects affected by Covid-19, when there are policies to support tax payment, land rent, reducing some fees for enterprises at the same time State goods and systems of credit institutions also support credit pumps for enterprises, offering credit packages to support capital for enterprises to maintain and expand production. Currently, when many provinces are mostly in the southern region are being affected by the 4th Covid translation wave, blockade and stretching in a long-term society, the production is stalled, the fiscal policy is possible It is very clear in the role of supporting employees who lost income due to epidemics and business support such as pausing a number of social insurance funds, cash support for small business households must stop working due to Covid Translation -19 ..
. Besides, the monetary policy shows the role of debt resilience, crossing debts, limiting the transfer of debt groups of overdue debt enterprises due to difficulties because of the epidemic ... the effectiveness of fiscal policy And the currency can be likened that a person who is a sick, exhausted must bring the burden on the shoulder so it needs to help them by being given "tonic" to restore their strength, strengthen physical and medium Must reduce the burden on their shoulders so they can recover slowly. That is that the support policy of fiscal and currency has the same role as a side of a tonic to help reduce the burden, accelerate the recovery.PV: The pandemic situation still works out Unrequited strength. During the period from now until the end of the year, between the two fiscal and currency policies to note when coordinating the dual target of the Government, sir? Dr. Nguyen Van Hien: In my opinion, some coordinated scenarios correspond to the movements of disease control. Applying flexible these policies depending on the scenario with great significance in macroeconomic stability, contributing to the successful implementation of the Government's dual target. There is a special support policy for each image Enjoy TS. Nguyen Van Hien, basically, the coordination of fiscal policy and currency over the past is good. However, it is necessary to have a specific study, considering the focus, key objects, the subjects are severely affected in the priority order, so that these two policies are in collaboration with each other. next time. For heavily affected areas by Covid-19 epidemic such as tourism, hotels, transport, export goods manufacturing products using a lot of workers such as textiles and leather shoes ... need special interest More with specific support policies for businesses. In the scenario if the epidemic continues to be extended and not controlled right in the third quarter, it extends to the fourth quarter of 2021, the fiscal policy is very significant Important in social security support, and helping enterprises maintain existence in pandemic. Meanwhile, the credit pump for enterprises in places where social interpretation is not many meanings that debt relaxation, limiting the transfer of debt groups to businesses will bring more effectively. For The script to mid-September 2021, basic diseases controlled, the fourth quarter of the economy will operate in a new normal state. At this time, there must be a synchronous combination of two rhythmic policies to reduce the burden for enterprises, while pumping credit, interest rate support for enterprises to maintain and expand production (meaning is the main implementation

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