On the afternoon of July 3, sharing at the regular Government meeting and the Government-locality online conference in June, Prime Minister Pham Minh Chinh requested ministries and branches to proactively and flexibly adapt to the US's reciprocal tax policy.
At the same time, according to the Prime Minister, Vietnam needs to consider this an opportunity to restructure, build an independent and self-reliant economy , transform the growth model, and diversify markets and supply chains.
On July 2, the two negotiating delegations of Vietnam and the United States agreed on a Joint Statement on the framework of the Reciprocal Trade Agreement. General Secretary To Lam had a phone call with US President Donald Trump, affirming the Comprehensive Strategic Partnership between the two countries and discussing a number of directions to increase cooperation in various fields, especially high-tech science .
At the conference, the Prime Minister also requested the State Bank to ensure reasonable credit growth (about 16%); and directed to continue cutting costs and reducing lending interest rates.
The State Bank also needs to urgently consider removing administrative tools on credit limits, replacing them with credit growth management according to market mechanisms; develop a set of criteria for credit safety control, and report to the Prime Minister in July.
The Head of Government also requested to maintain stability in the monetary and foreign exchange markets; strengthen management of the gold market; promptly submit amendments to Decree 24 on gold trading in July. In addition, resolutely implement existing preferential credit programs.
According to the Prime Minister, Vietnam needs to consider this an opportunity to restructure, build an independent and self-reliant economy, transform the growth model, and diversify markets and supply chains (Photo: VGP).
The Government leader requested the Ministry of Finance to strengthen the management of State budget revenue and expenditure; continue to expand the revenue base, especially revenue from e-commerce and food services; and deploy electronic invoices generated from cash registers.
The Ministry also needs to boost public investment and effectively implement policies on tax, fee and charge exemption, reduction, deferral, and support; thoroughly save regular expenditures to ensure social security...
The Ministry of Finance also needs to submit a specific plan to implement Resolution No. 138 of the Government to implement Resolution 68 of the Politburo on the private economy; urgently complete and submit to the Politburo the Resolution on state economic development in early July.
In addition to the banking sector, to achieve the growth target, the Prime Minister also requested ministries, branches and localities to mobilize total social investment, with the target of increasing by 11-12% compared to 2024. Agencies must ensure 100% disbursement of public investment capital, and build 100,000 social housing units before December 31.
Source: https://dantri.com.vn/kinh-doanh/thue-doi-ung-cua-my-la-co-hoi-tai-co-cau-xay-dung-nen-kinh-te-doc-lap-20250704004247699.htm
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