Prime Minister Pham Minh Chinh has issued  an official dispatch on continued efforts to maintain macro-economic stability, control inflation, foster growth, ensure economic balances, and improve citizens' living standards.

In the official dispatch, the PM asked for stronger commitment and coordinated efforts from ministries, agencies, and local authorities.

Accordingly, the Ministry of Finance will have to implement timely fiscal policies to support monetary policy, with a focus on public investment disbursement and mobilizing capital, and tax relief measures  continuing  to stimulate business activity.

Meanwhile, the Ministry of Industry and Trade will expand export markets, diversify trade channels, and stabilize energy markets to prevent shortages of electricity, oil, and essential goods.

The State Bank of Vietnam has been asked to adopt flexible monetary policies to control inflation and promote sustainable growth. Lending rates will be reduced, and credit flow will be directed to priority sectors.

The Ministry of Construction was tasked to ensure the real estate market remains balanced, with an emphasis on affordable housing and addressing supply-demand mismatches.

The Ministry of Science and Technology will foster a transparent, sustainable market for science and technology, implementing the Party’s Resolution on technological innovation.

Local authorities are tasked with ensuring efficient governance, reducing administrative burdens, and fostering innovative and people-focused service.

The dispatch noted that the Government will monitor critical sectors like the stock market, foreign exchange, and gold, taking immediate action when necessary to stabilize these areas. Strict enforcement of legal compliance will be prioritized to prevent speculative practices that could disrupt the market.

According to the dispatch, as part of 2025 targets, Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.

The country must also ensure food security and cybersecurity, and increase exports, while aligning strategic commodity prices with the economy and citizens’ incomes.