Prime Minister sets deadline for submitting new policies on wages and allowances after restructuring the apparatus

PHẠM ĐÔNG |

The Ministry of Home Affairs urgently submits to competent authorities documents to implement conclusions on salaries and allowances after the organizational arrangement, and submits them before December 15.

Submitting to competent authorities to establish a gold trading floor in December

On December 6, Politburo member and Prime Minister Pham Minh Chinh chaired the regular Government meeting in November 2025.

In his concluding remarks, the Prime Minister emphasized that it is necessary to focus efforts, leadership, and direction to overcome the consequences of storms and floods, complete the repair of 34,352 damaged houses, rebuild 1,628 collapsed houses for people, and complete the repair of houses by December 31, 2025 and the rebuilding of new houses by January 31, 2026, so that "everyone has a house, every family has Tet, every child has joy, and no one is left behind".

Regarding monetary policy, the State Bank of Vietnam (SBV) will take the lead in focusing on controlling inflation according to the set goals; operating appropriate interest rate and exchange rate policies, ensuring the value of the Vietnamese currency.

Focus credit capital on production and business, growth drivers; direct commercial banks to effectively implement credit packages for priority sectors such as social housing, preferential loans for young people under the age of 35, develop strategic infrastructure, and overcome flood consequences.

Strictly control credit for areas with potential risks, including the real estate sector, to prevent risks for each credit institution and system risks; urgently submit to competent authorities on research and establishment of gold trading floors in December 2025.

Regarding fiscal policy, the Ministry of Finance shall preside over and further promote its role in promoting growth in the context of low public debt and government debt space to promote disbursement of public investment, private investment, and FDI; exemption, reduction, and extension of taxes, fees, and charges accordingly; issuance of government bonds for large projects and works; strive to collect the state budget in 2025 at 25% exceeding the estimate.

Regarding market and price management, the Ministry of Finance, the Ministry of Industry and Trade, and the Ministry of Agriculture and Environment closely coordinate, closely monitor developments in the situation, ensure balance between supply and demand of goods and services, stabilize markets and prices, especially at the end of the year, do not let there be shortages, price fever, hoarding, or price increase.

In traditional growth drivers, in terms of investment, the Ministry of Finance takes the lead in striving to disburse 100% of public investment capital plans, promoting the role of the Government's Working Groups; urgently issuing Decrees on the establishment and operation of international financial centers in Vietnam.

Strongly attract FDI, private investment, especially cutting administrative procedures, assigning jobs, placing orders, forms of contracts, public-private partnership models, connecting domestic enterprises with foreign countries, and establishing a Government Investment Fund in December 2025.

Phien hop Chinh phu thuong ky thang 11. Anh: VGP
Regular Government meeting in November. Photo: VGP

The restructuring of SCB Bank in December must be handled

The Prime Minister also requested drastic reform of administrative procedures; effectively operating the two-level local government model. Including completing regulations and guidance documents; handling headquarters and public assets; ensuring facilities for the apparatus according to the new model...

The Ministry of Home Affairs urgently submits to competent authorities documents to implement Conclusion 206-KL/TW of the Politburo on salaries and allowances after the reorganization of the apparatus and the organization of local government at 2 levels, and submits before December 15, 2025.

Focus on removing difficulties and obstacles for long-standing projects: SBV effectively implements the plan to handle weak commercial banks. The State Bank must handle the restructuring of SCB Bank in December 2025.

The Ministry of Finance, the standing agency of Steering Committee 751, is preparing to immediately deploy mechanisms and solutions to resolve nearly 3,000 backlog projects after being approved by the Politburo.

PHẠM ĐÔNG
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