Vietnam's PM issues directive on key measures to boost economic growth
Vietnamese Prime Minister Pham Minh Chinh issued an official directive yesterday, outlining key tasks and solutions aimed at driving economic growth this year, as the Party Central Committee and the Politburo have raised the national growth target to a minimum of 8 per cent for 2025 and to double-digit growth for subsequent years.
The directive highlights the priorities to boost economic growth, maintain macroeconomic stability, control inflation and guarantee major economic balances.
Vietnam's PM has issued an official directive, outlining key tasks and solutions aimed at driving economic growth in 2025. The directive highlights the priorities to boost economic growth, maintain macroeconomic stability, control inflation and guarantee major economic balances. He ordered quick, flexible and efficient action for immediate and long-term adaptation to the new US tariff policy.
He told ministries, agencies and localities to quickly take flexible and efficient action for immediate and long-term adaptation to the new US tariff policy.
The finance ministry has been asked to assess the impact of the US reciprocal tariff policy on the country and develop fiscal support packages for enterprises and workers in the affected sectors.
The State Bank of Vietnam has been directed to monitor global and regional developments, particularly policy shifts in major economies, and effectively employ monetary policy tools to appropriately regulate exchange rates and interest rates, ensure adequate capital supply for the economy and maintain the stability of the monetary, foreign exchange and gold markets as well as the safety of the credit institution system, a domestic news agency reported.
Special attention is to be given to cutting lending interest rates and offering short-term loans for businesses hit by the US tariff policy.
The directive wants traditional growth drivers to be renewed and promoted, and preparations for the 2026-2030 medium-term public investment plan to be started, limiting the number of centrally funded projects to no more than 3,000.
The focus should be on attracting more large-scale projects with foreign direct investment (FDI), and addressing obstacles to FDI firms, especially in administrative procedures.
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