Politburo member and Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 47/CD-TTg dated April 22, 2025 on a number of key tasks and solutions to promote economic growth in 2025.
One of the notable contents in the telegram is the priority of promoting economic growth associated with macroeconomic stability, controlling inflation, and ensuring major balances of the economy.
The Prime Minister requested the State Bank of Vietnam to preside over and coordinate with agencies and localities to closely monitor the international and regional situation, policy adjustments of major economies; effectively use management tools to regulate exchange rates and interest rates appropriately, meeting capital needs for the economy.
In particular, the head of the Government requested to maintain stability in the currency market, foreign exchange, gold market and the safety of the credit institution system.
Continue to direct credit institutions to reduce costs, enhance digital transformation to strive to reduce lending interest rates; direct credit to production and business sectors, priority sectors, growth drivers; promote short-term lending to support businesses affected by US tariff policies.
Urgently research and call on banks to urgently join hands to build preferential credit packages for people under 35 years old to buy houses, preferential credit packages of about 500 trillion VND for businesses to invest in infrastructure and long-term digital technology.
Expanding the scope, subjects participating in preferential credit packages for forestry, fishery, and wood products affected by US counterpart tariffs.
The Ministry of Finance shall preside over and coordinate with relevant agencies to urgently complete the draft Resolution of the National Assembly on the International Financial Center in Vietnam, and submit it to the National Assembly for approval at the 9th session of the 15th National Assembly.
Complete the draft Resolution of the Government on piloting the cryptocurrency asset market in Vietnam, report to the Government before April 25, 2025.
The Ministry of Finance shall preside over and coordinate with relevant agencies to develop a plan to mobilize maximum resources of the state, businesses and people for development investment; take advantage of the surplus of public debt and state budget deficit to mobilize resources for development.
Working with ADB to prepare projects on infrastructure investment, climate change adaptation and green growth.
Urgently complete the private economic development project to submit to competent authorities for consideration and decision, in which it is necessary to develop breakthrough solutions, appropriate and feasible policy mechanisms to encourage, promote, and create a favorable and equal investment and business environment for private economic development.
State-owned corporations and groups continue to improve the efficiency of production and business activities, management capacity and human resource quality; focus on investing in large, key, and impactful projects, creating momentum and promoting socio-economic development.
