Prime Minister Pham Minh Chinh has asked the Ministry of Finance to further develop the capital and stock markets, including bond issuance, to expand medium- and long-term funding sources and reduce pressure on the banking system.
Chairing a meeting with ministries and relevant agencies in Hanoi on March 5 to discuss key tasks and solutions for managing monetary and fiscal policies, the Government leader also instructed the ministry to continue implementing a targeted and focused expansionary fiscal policy.
This includes effective management of budget revenues and expenditures, stronger public investment in key infrastructure projects, tax and fee reductions or extensions, development of an international financial centre, and mobilisation of all resources for development.
He stressed the need to shift from heavy reliance on credit capital to diversified and lawful funding sources, ensuring that monetary and fiscal policies complement and reinforce each other.
Relevant ministries and agencies were urged to improve productivity, quality and competitiveness while unlocking resources across all economic sectors, particularly small and medium-sized enterprises.
The Prime Minister also called for further administrative reforms, simplification of investment procedures, faster site clearance, and accelerated implementation of key projects.
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