Deadline for supporting businesses affected by US counterpart taxes

PHẠM ĐÔNG |

The Prime Minister requested that specific support plans for businesses affected by US countervailing tax policies be completed in November.

Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 221/CD-TTg dated November 19, 2025 on focusing on prioritizing the maintenance of macroeconomic stability and promoting exports.

The Prime Minister requested ministries, agencies and localities in the new context to consistently implement the goal of prioritizing maintaining macroeconomic stability, controlling inflation, ensuring major balances of the economy to create a favorable investment and business environment, promoting rapid and sustainable growth.

Harmoniously, reasonably and effectively combining monetary policy, fiscal policy and other macro policies, ensuring inflation control according to set goals.

The State Bank of Vietnam implements proactive, flexible, timely and effective monetary policy; further strengthens inspection, examination, strict control, and directs credit capital flows to production and business, priority sectors, growth drivers, associated with ensuring credit quality, controlling bad debts.

Operate exchange rates and interest rates in accordance with market conditions, ensuring flexibility and efficiency, contributing to facilitating production and business, attracting investment.

The Ministry of Industry and Trade focuses on drastically implementing solutions to strongly promote exports, especially at the end of the year and the beginning of the new year, to meet the increased consumer demand in the international market during the Christmas and New Year holidays.

The Ministry of Finance continues to implement a reasonable expansionary fiscal policy with focus, key points and ensuring efficiency.

Review and develop export and import taxes in line with the international and regional integration roadmap to facilitate export promotion and domestic production development.

Research and develop specific support plans for businesses affected by US counterpart tax policies; complete in November 2025.

Direct customs forces to coordinate with relevant units to manage and control the quality of goods during customs procedures, prevent the import of poor quality goods, goods violating intellectual property rights, fraudulent origin...

The Ministry of Agriculture and Environment will take the lead in vigorously implementing tasks and solutions assigned by the Prime Minister to combat IUU fishing, remove the "Y yellow card" warning, invest in fisheries infrastructure, and digital transformation in the fisheries sector towards sustainable development of the fisheries sector.

The Ministries of Industry and Trade, Agriculture and Environment, and Foreign Affairs will establish Working Groups to promote new markets (Mid East, Africa, North and South Korea, etc.), resolve problems with existing FTA agreements and urgently negotiate and sign new FTAs in late 2025 and early 2026 (with Pakistan, Kuwait, the Middle East, Brazil, South America, Algeria, etc.).

Chairmen of People's Committees of provinces and cities proactively grasp the shortcomings, difficulties and obstacles in production and export activities of enterprises in the area to promptly find solutions to remove and promote exports according to their authority and legal regulations.

Corporations, state-owned corporations, and exporting enterprises: develop effective and flexible production and business plans for import and export in the last months of the year; increase the application of science, technology, build brands, improve product quality and competitiveness, meet the requirements of the export market; focus on development activities, diversify markets, products, and supply chains.

PHẠM ĐÔNG
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