Prime Minister Pham Minh Chinh has requested the Ministry of Finance to propose more policies in support of people and businesses while chairing a conference held in Hanoi on December 31 to review budgetary-financial affairs in 2024 and implement 2025 tasks.

He highlighted the goal of recording a growth rate higher than the 8% target  set by the Party Central Committee and the National Assembly, laying the foundation for double-digit growth and the completion of the two centenary goals in the next tenures, with 100th anniversary of the Communist Party of Vietnam in 2030 and the 100th anniversary of the Democratic Republic of Vietnam (now the Socialist Republic of Vietnam) in 2045,  the PM said.

The MoF must proactively and flexibly manage an effective, reasonable expansionary fiscal policy, closely coordinating with monetary policy to prioritize growth, maintain macroeconomic stability, and control inflation, he asked.

It should focus on managing tax collection, while ensuring expenditures are appropriate, sufficient, and timely, supplementing resources for development, and striving to save 10% of expenses for investing in key projects.

He directed the sector to tightly and effectively manage budget expenditure, while accelerating the disbursement of public investment capital to contribute to growth, continuing to consolidate and develop the securities, bond, and insurance markets, with a focus on upgrading the securities market, and drastically carrying out digital transformation.