The government is conducting comprehensive reviews across real estate, land management, petroleum, electricity, pharmaceuticals, medical devices, and agriculture to eliminate unwarranted markups, cut intermediary layers, and raise regulatory oversight efficiency.
The fund is envisioned to perform six primary mandates: mobilizing financial resources, wholesale concessional lending, interest rate subsidies,technical assistance, accelerating market transformation, and policy-driven investments.
Deputy Prime Minister Nguyen Van Thang urged the central bank to execute timely, substantive measures to bring down overall interest rate levels, specifically targeting a 1.5–2% cut in loan rates for production, commerce, and priority sectors.
Under the new strategy, the foreign debt-to-GDP ratio represents a five-percent increase from the previous edition of the public debt strategy through 2030 which had been adopted by the Government in 2022.
The National Technology Innovation Fund spent an estimated 72.5 percent of its full-year state budget allocation through September, while working to streamline procedures and ease administrative hesitations for business support programs.