On June 23, Politburo member and Prime Minister Pham Minh Chinh chaired a meeting of the Government Standing Committee with ministries and branches to assess the situation and propose flexible, timely and effective response solutions to the developments of the conflict situation in the Middle East and recent developments in the world.
In his concluding remarks, the Prime Minister said that recently, new developments in the Middle East have become more complicated, affecting the global economy, including Vietnam.
This problem affects growth, prices, exchange rates, capital flows, transportation fares, supply chains, and production and business disruptions. Businesses may face many difficulties, consumption in some countries may narrow.
The Prime Minister emphasized that it is important that we promptly grasp, assess the situation and identify tasks, solutions, respond quickly, flexibly, promptly, appropriately, and effectively.
The Prime Minister requested ministries, branches, localities and enterprises, based on their functions, tasks and powers, to continue to monitor, closely follow, grasp the situation, proactively propose flexible, timely and effective tasks and solutions according to their authority.
In addition, the Prime Minister requested to continue focusing on renewing traditional growth drivers such as investment, export, consumption and strongly promoting new growth drivers such as science and technology, innovation, digital transformation, etc.
Along with that, continue to implement the Party and State's guidelines on building an independent and self-reliant economy associated with active, proactive, deep, substantial and effective integration.
To promote both supply and demand, the Prime Minister requested to continue to closely, synchronously and effectively coordinate monetary policy and fiscal policy; monetary policy to support fiscal policy and vice versa.
Regarding fiscal policy, continue to implement tax, fee, charge exemption policies and mechanisms and policies to facilitate businesses and people, promote production and business, create jobs and livelihoods for people.
Promote increased revenue and expenditure savings; promote public investment disbursement, take public investment as a lead for private investment, activate all social resources, especially in developing transport infrastructure, energy, and expanding development space.
Regarding monetary policy, the Prime Minister emphasized the need to closely monitor, operate flexibly, appropriately, promptly and effectively; control inflation, and stabilize exchange rates.
Pay attention to interest rates in the context of expanding production and business, ensuring more favorable access to capital, calling on banks to share more with businesses and the economy.
Operate interest rates appropriately, balance the goals of supporting production and business and supporting growth. At the same time, fight against the situation of boiling water with fat, speculating on gold, and foreign currency.
The Prime Minister assigned the Ministry of Industry and Trade to control the market situation and prices, ensuring the supply of necessary goods, especially energy, electricity, and gasoline. The Ministry of Science and Technology ensures telecommunications waves.
Regarding direct, indirect and export investment, the Prime Minister requested to maintain and continue to improve the investment and business environment to be more favorable to attract investment.
Ministries and branches actively decentralize and delegate authority to localities; People's Committees of provinces and cities quickly stabilize the organization of local government at 2 levels to come into operation from July 1, not leaving gaps in operations.
