Promote credit programs for young people under 35 years old to buy houses
Regarding monetary policy, the Prime Minister requested the State Bank of Vietnam (SBV) to take the lead in operating monetary policy proactively, flexibly, promptly, effectively, in accordance with macroeconomic developments and monetary policy objectives, closely coordinated with fiscal policy and other macroeconomic policies, promoting growth, controlling inflation, stabilizing the macro economy, and ensuring major balances of the economy.
The State Bank of Vietnam directed credit institutions to continue to cut costs, simplify administrative procedures, and promote digital transformation to reduce lending interest rates, support production and business of enterprises and people; direct credit to priority areas; strive for annual credit growth of about 16% compared to 2024. By 2026, credit growth will be managed according to market tools and quotas will be eliminated.
The Prime Minister also requested flexible, harmonious and reasonable balance between interest rates and exchange rates. The State Bank of Vietnam urgently reviews, analyzes, assesses impacts, studies international experience, and urgently considers removing administrative tools in credit growth management through allocating credit growth targets to each credit institution.
The Prime Minister directed to shift the management of credit growth to the market mechanism and assess the risks of each credit institution, develop a set of criteria for credit safety control, ensure the promotion of proactive, timely and effective credit capital allocation, contributing to promoting sustainable economic growth associated with macroeconomic stability, safety of the credit institution system, and national financial and monetary security.
In addition, promote credit programs for young people under 35 years old to buy, rent, or lease-purchase social housing, a VND500,000 billion credit program for businesses investing in infrastructure, science , technology, innovation, digital transformation, etc.
The Prime Minister also requested to strengthen appropriate, timely and effective measures to manage the gold market; urgently submitted to the Government a Decree amending Decree No. 24/2012/ND-CP on the management of gold trading activities before July 15.
Strive for state budget revenue to increase by at least 20% in 2025
Regarding fiscal policy, the Prime Minister assigned the Ministry of Finance to continue to operate a reasonable, focused, and key expansionary fiscal policy, closely, harmoniously, and effectively coordinated with monetary policy and other macroeconomic policies; striving for the state budget revenue in 2025 to increase by at least 20% compared to the estimate.
The Prime Minister requested to thoroughly save regular expenditures, including saving an additional 10% of the regular expenditure estimate for the last 7 months of 2025 to support social security and build boarding and semi-boarding schools for students in remote, border, special economic zones, and islands.
The Ministry of Finance shall immediately issue documents to guide and remove difficulties and obstacles for localities (especially at the commune level) in implementing state financial and budgetary tasks when operating the two-level local government model, ensuring timeliness, smoothness, efficiency, and no interruptions; effectively implement policies on tax, fee, land rent exemption and extension and other mechanisms and policies to facilitate people and businesses, promote production and business, create jobs and livelihoods for people.
The Ministry of Finance shall submit to the Government a draft resolution on piloting the crypto asset market before July 15; review and assess the impact of the US's reciprocal tax policy on Vietnam; develop support policies for businesses and workers in industries and sectors affected by the US's tariff policy, and report to competent authorities before July 15.
The Prime Minister requested ministries, agencies and localities to strive to disburse public investment capital in 2025 to reach 100% of the plan assigned by the Prime Minister; promptly handle officials who are weak in capacity, afraid of responsibility, shirking responsibility, avoiding, and failing to complete disbursement tasks.
The Prime Minister also requested to strive to mobilize total social investment capital to grow by 11-12% compared to 2024; urgently handle and resolve backlogged and long-standing projects according to authority to free up resources for development and combat waste...
Source: https://www.sggp.org.vn/dieu-hanh-tang-truong-tin-dung-theo-cong-cu-thi-truong-va-bo-han-ngach-nam-2026-post802688.html
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