Regarding investment, in the 2025 plan, ministries, branches and localities will have to disburse a total public investment capital of about 295 trillion VND, plus the amount carried over from 2024 according to the law of about more than 300 trillion VND. This is a very large number. If we can disburse all of this capital, it will create momentum to attract other economic sectors, as seed capital to attract and promote growth.
Regarding the 2025 socio-economic development plan, delegate Tran Thi Quynh (Nam Dinh National Assembly Delegation) said that the economy's demand is still weak, still heavily dependent on external sources, public investment spending is still slow... The delegate suggested that it is necessary to continue to substantially loosen fiscal policies, and research stronger support for families and businesses affected by storms, floods, and natural disasters.
On the other hand, inflation has increased over the past four years but taxable income has not increased. Therefore, delegates proposed to study the loosening of taxable income to increase disposable income for taxpayers, contributing to improving spending, continuing to remove bottlenecks to promote disbursement of public investment capital.
Regarding monetary policy, it is necessary to loosen monetary policy substantially, the State Bank should have specific credit packages to support businesses in some sectors that need to be promoted such as agriculture and aquaculture, tourism, and export processing. Delegates said that it is necessary to continue to have stronger solutions to quickly implement the credit package to support social housing and there should be state-owned enterprises participating in realizing this goal.
The Government has issued a Decree on value-added tax reduction, effective from the beginning of 2025 until the end of June 2025 for businesses to implement. This tax reduction is not only to support businesses but also to immediately support people, stimulate consumption of goods, and stimulate domestic demand.
