Prime Minister Pham Minh Chinh issued Decision No. 919/QD-TTg, dated August 28, 2024, on the assignment of tasks to Deputy Prime Ministers, in which Deputy Prime Minister Ho Duc Phoc was assigned to monitor and direct: Ministry of Finance, Ministry of Information and Communications, State Bank of Vietnam, State Capital Management Committee at Enterprises, Vietnam Social Insurance, National Financial Supervision Committee, Bank for Social Policies, Vietnam Development Bank, Deposit Insurance.
Accordingly, the Prime Minister assigned Deputy Prime Minister Ho Duc Phoc to monitor and direct working areas such as: Finance, prices; currency, banking; capital market, stock market; financial investment sources; State reserves. State budget expenditure, use of state budget reserves, Financial Reserve funds, foreign exchange reserve funds and other State funds; issue bonds, government bonds...
Deputy Prime Minister Ho Duc Phoc's working trip to the US took place in the context of the early morning of January 3, Vietnam time, when President Donald Trump signed a decree to impose a 10% import tax on all goods entering the US, and at the same time increased the tax rate for more than 60 countries, of which Vietnam faced a high tax rate of up to 46%.
