Prime Minister Pham Minh Chinh signed an urgent dispatch on December 17 detailing key tasks to promote economic growth.
The Government leader requested the State Bank of Vietnam (SBV) to closely work with the Ministry of Finance and relevant ministries and agencies to perform a proactive, flexible, timely and effective monetary policy, closely and harmoniously coordinate with an appropriately expanded fiscal policy and other macroeconomic policies. The goal is to maintain macroeconomic stability, promote growth, control inflation and ensure major economic balances.
Monetary tools, particularly exchange rates, interest rates and credit, must be managed flexibly and effectively to ensure the smooth, safe and stable operation of the monetary and banking systems, thereby supporting production and trade activities, generating employment and attracting investment.
The central bank was directed to urgently propose the establishment of a national gold exchange and submit the plan to standing Government members by December 20, 2025.
Meanwhile, credit allocation must be tightly controlled to prioritise drivers of inclusive and sustainable growth, including sci-tech, green and digital transformation, social housing and post-disaster recovery.
The Ministry of Finance, in collaboration with relevant ministries and agencies, was assigned to swiftly propose and finalise mechanisms, policies and legal regulations to ensure the effective operation of the international financial centre to be established in Vietnam, while advancing the green bond market, regulatory sandboxes and rules for new financial instruments in line with existing laws.
The ministry was further instructed to pilot a cryptocurrency market, ensuring healthy, effective and secure operations, robust risk management and protection of investors’ legitimate rights and interests.
The Prime Minister also assigned the Ministry of Finance to urgently complete the national one-stop investment portal and report to the PM this month.
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