Politburo member and Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 165/CD-TTg dated September 16, 2025 on continuing to maintain macroeconomic stability, control inflation, promote growth, ensure major balances, and improve people's lives.
In particular, the Prime Minister assigned the State Bank of Vietnam to preside over and coordinate with relevant agencies to closely monitor market developments and the domestic and foreign economic situation, to operate monetary policies proactively, flexibly, promptly, effectively, closely, synchronously, and harmoniously with fiscal policies and other macro policies.
This is to promote growth associated with macroeconomic stability, control inflation, ensure major balances of the economy; promote rapid but sustainable growth.
At the same time, direct credit institutions to continue to reduce costs to have room to reduce lending interest rates; further improve the quality and effectiveness of inspection and supervision to direct credit capital to production and business activities, priority sectors, and growth drivers of the economy;
Tightly and effectively control and handle credit flows into areas with potential risks more seriously. Resolutely and effectively implement preferential credit programs, especially for social housing, agricultural exports, for young people to buy houses and students to study...
The State Bank of Vietnam accelerates bad debt handling and improves credit quality. Strengthen inspection, examination and supervision of unhealthy credit institutions; promptly prevent and strictly handle violations according to the provisions of law.
Strictly manage the foreign exchange market and the gold market, operate exchange rates flexibly, harmoniously, balance reasonably with interest rates, stabilize the value of the Vietnamese Dong; have effective solutions to increase foreign exchange reserves to meet import requirements for production and business; coordinate synchronously with monetary policy tools, be ready to intervene to synthesize banking professional tools when necessary to stabilize the market.
The Prime Minister also requested the State Bank of Vietnam to urgently implement the necessary solutions and tools according to its authority to stabilize the gold market and narrow the gap between international gold prices and domestic gold prices. Strengthen inspection and examination to detect and strictly handle violations related to the gold market, especially taking advantage of policies, hoarding, price increase, smuggling, etc.
Urgently issue documents guiding the implementation of Decree No. 232/2025/ND-CP amending and supplementing Decree 24/2012/ND-CP on management of gold trading activities to soon implement in practice to develop a stable, transparent, healthy and sustainable gold market, in accordance with market rules.
