Minister of Finance Vu Van Ninh appointed as Deputy Prime Minister

On August 3, 2011, with more than 80% of the votes, the National Assembly ratified the nomination of 4 Deputy Prime Ministers Nguyen Xuan Phuc, Hoang Trung Hai, Nguyen Thien Nhan and Vu Van Ninh. Newly-appointed Deputy Prime Minister (DPM) Vu Van Ninh (56 years old, native place Nam Dinh province) holds a Master degree in Budget Financing, Business Administration, and is Member of the Party Central Committee’s 10th and 11th Tenures, Member of the 12th and 13th National Assemblies. He is the former Minister of Finance.

In his talks with the press during the National Assembly’s Plenary Meeting, DPM Vu Van Ninh said the 11th Party Congress determined on 3 strategic breakthroughs including synchronous infrastructure development with a view to creating a favorable environment for production growth as well as for the sake of the people’s well-being. This is a major mission of the country.

Deputy Prime Minister, Former Minister of Finance Vu Van Ninh granted the Emulation Flag to SCIC on the occasion of SCIC's 5-year review ceremony

DPM Vu Van Ninh also emphasized that to mobilize powerful resources, firstly, the State capital is an important channel for investment determination. In addition, other resources in the society also need to be mobilized through a mechanism which facilitates the co-investment of all economic sectors, non-state enterprises together with common people.

Secondly, we also need to take advantage of foreign financing sources to invest into areas prioritized for investment by the State. This should nevertheless be on the basis of ensuring the national finance security; to be more specific, we need to carefully select each area and project for investment, added Ninh.

Concerning tax measures, DPM Vu Van Ninh said the overall goal of tax measures is to boost business growth, not to cause further difficulties to enterprises and the people.

He also added that in the coming time, tax levy management practices will focus on loss prevention, guarantee of fairness and earnings increase to the Budget. Effective performance of these guidelines will assist enterprise’s and person’s efforts in capital accumulation for developing and improving business efficiency, creating sustainable sources of income.

In the context of various changes and challenges of the world economy, DPM Ninh said the new Government will be faced with both opportunities and threats. Threats come from internal conditions of the national economy which cannot be surmounted in a short while. A reasonable scheme with integrated solutions and high consensus of the whole Party and people is therefore strongly required.

Source: Chinhphu.vn

(Theo website Vũ Văn Ninh)