Vietnam Today

The government issued Resolution No. 86/NQ-CP on July 11 on the development of a safe, transparent, efficient, and sustainable capital market, in order to stabilize the macro-economy and mobilize resources for socio-economic development.

At a conference on developing the Red River Delta to 2030 and the vision to 2045 held on July 12, Head of the Central Economic Commission Tran Tuan Anh raised three issues that need to be clarified to overcome limitations and problems in the new circumstances.

Deputy Prime Minister Le Minh Khai on July 10 assigned the Ministry of Finance (MoF) to coordinate with relevant ministries and agencies to immediately implement a Resolution from the National Assembly Standing Committee on reducing environmental protection taxes on gasoline, oil, and grease from July 11 to December 31.

On July 8, under the Chairmanship of Party General Secretary Nguyen Phu Trong, the Politburo held a meeting to determine the key tasks for the time to come, including flexibly administering fiscal and monetary policies, ensuring a balance between commodity supply and demand and controlling inflation, supporting businesses and people under pressure from increasing commodity prices and production costs, and amending and supplementing legal regulations for the sustainable development of the securities, corporate bond, and real estate markets.

Real estate prices in Ho Chi Minh City have continually increased since 2018 while supply has fallen, making it difficult to buy a home in the city. To quench their thirst for real estate, investors have been looking at new products in nearby Binh Duong province, especially in Thuan An city, which is a bright spot in investment and may develop into a civilized urban center.

The International Monetary Fund (IMF) has forecast that Vietnam’s GDP growth in 2022 will reach 6 per cent and 7.2 per cent in 2023. While assessing that Vietnam’s economy is recovering strongly, the IMF also recommended that it gradually and cautiously adjust fiscal policy and monetary policy to ease inflation risks.