In Official Dispatch No. 104 on enhancing the effectiveness of monetary and fiscal policy management and organizing a 6-month work review, Prime Minister Pham Minh Chinh requested the State Bank to preside over and coordinate with relevant agencies to closely monitor domestic and international economic developments and proactively, flexibly, promptly and effectively manage monetary policy.
Management must be consistent with the macroeconomic context and monetary policy objectives in accordance with the tasks and solutions in Resolution 154 on key tasks and solutions to implement the socio-economic development plan and the State budget estimate.
The State Bank needs to direct credit institutions to continue to cut costs, simplify administrative procedures, and promote digital transformation.
At the same time, this unit is required to operate exchange rates flexibly, with a reasonable balance between interest rates and exchange rates; closely monitor developments in the domestic and international economic situation, financial and monetary markets; diversified foreign currency supply channels...
In addition, the State Bank is also assigned to promote credit programs for young people under 35 years old to buy, rent, and lease-purchase social housing, a VND500,000 billion credit program for businesses investing in infrastructure, science , technology, innovation, digital transformation, etc.
In particular, the State Bank must strengthen appropriate and effective measures to manage the gold market, including urgently submitting to the Government a Decree amending Decree No. 24/2012 on the management of gold trading activities before July 15.
The Prime Minister requested to submit regulations on gold and cryptocurrency management before July 15 (Photo: Thanh Dong).
Regarding fiscal policy, the Prime Minister assigned the Ministry of Finance to front over and coordinate with relevant agencies to continue to operate a reasonable and focused expansionary fiscal policy; strengthen the management of state budget revenue, contributing for a state budget revenue increase of at least 20% in 2025 compared to the estimate.
In particular, continue to expand the collection base, especially revenue from e-commerce and food services; modernize tax management, and resolutely implement regulations on electronic invoices generated from cash registers.
At the same time, the Ministry of Finance effectively implemented 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 is also assigned to develop an effective mechanism to selectively attract foreign investment, focusing on promoting and attracting large-scale, high-tech, environmentally clean FDI projects. In addition, promptly handle the difficulties of FDI enterprises, especially cutting down administrative procedures to speed up the progress of projects in Vietnam.
The Prime Minister requested the Ministry of Finance to implement measures as prescribed to upgrade the stock market from a frontier market to an emerging market, and to closely coordinate with relevant ministries and agencies to promptly remove difficulties and obstacles to meet the upgrading criteria.
The Ministry of Finance must also urgently submit to the Government draft Decrees detailing the Laws and Resolutions in the financial sector passed by the 15th National Assembly at the 9th session, ensuring that they take effect simultaneously with the Law.
In particular, the Ministry needs to submit to the Government a draft Resolution on piloting the crypto asset market before July 15.
Source: https://dantri.com.vn/lanh-doanh/thu-tuong-yeu-cau-trinh-nghi-dinh-quan-ly-vang-tien-so-truoc-ngay-157-20250707154110731.htm
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