Vietnam has coordinated closely and proactively with the U.S. to negotiate for fair tariff solutions and promote the two-way trade in a mutually beneficial manner, according to Deputy Prime Minister Ho Duc Phoc.
During its meeting on September 14, the Government continued perfecting the legal framework, addressing limitations and solving obstacles to facilitate development.
Prime Minister Pham Minh Chinh leads discussions on Vietnam's socio-economic status amidst external challenges and internal transitions at the regular Government meeting in April 2024.
A target has been set of there being at least 25 State-owned enterprises (SOEs) with equity or capitalization on the stock market in excess of $1 billion, of which ten are to have over $5 billion.
The Ministry of Finance’s plan on implementing the Public Debt Strategy to 2030, which has been approved by the Minister of Finance, outlines seven lists of tasks and projects, including a proposal to supplement and amend the Law on Public Debt Management in line with international practice. The 2030 public debt strategy sets a target that, by 2030, Vietnam’s public debt will not exceed 60 per cent of GDP, government debt will not exceed 50 per cent of GDP, and foreign debt will not exceed 45 per cent of GDP.
The government has issued measures for implementing the Planning for Inland Waterway Infrastructure in the 2021-2030 Period and Vision to 2050, which identifies 17 investment projects using State budget capital and a series of projects upgrading and expanding passenger and cargo ports using enterprise capital. A breakthrough mechanism on access to foreign preferential loans by the government will also be applied for infrastructure projects that effectively connect inland waterway traffic with seaports.
Addressing the Conference of Representatives of the State Capital Investment Corporation (SCIC)’s capital at enterprises on October 21, SCIC Deputy General Director Le Thanh Tuan said the total capital owned by the SCIC currently accounts for nearly 2 per cent of total State capital in enterprises. The SCIC will strive to improve the efficiency of representatives of State capital in enterprises and be a strategic investor of the government.