Regarding monetary policy, the Prime Minister requested the State Bank to preside over and coordinate with relevant agencies to closely monitor developments and the world and domestic economic situation to proactively, flexibly, promptly and effectively manage monetary policy, in line with macroeconomic developments and monetary policy objectives in accordance with tasks and solutions; closely coordinated with fiscal policy and other macroeconomic policies, promote growth, control inflation, stabilize the macro economy, and ensure major balances of the economy.
Direct credit institutions to continue to reduce 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, traditional growth drivers of the economy and new growth drivers; strengthen measures to handle bad debts, limit bad debts; strive for annual credit growth of about 16% compared to 2024. By 2026, manage credit growth according to market tools and eliminate quotas.
Manage exchange rates in a flexible, harmonious and reasonable balance between interest rates and exchange rates; diversify currency supply channels, stabilize the value of the Vietnamese Dong, and improve the international foreign balance of payments.
Urgently consider removing administrative tools in credit growth management through allocating credit growth targets to each credit institution; transfer credit growth management to market mechanisms.
Promote credit programs for young people under 35 years old to buy, rent, or hire-purchase social housing; a VND500,000 billion credit program for businesses investing in infrastructure, science , technology, innovation, and digital transformation; a credit program to support the linkage of production, processing, and consumption of high-quality, low-emission rice products in the Mekong Delta region...
Strengthen appropriate, timely and effective gold market management measures; urgently submitted to the Government a Decree amending Decree No. 24/2012/ND-CP on gold trading management before July 15, 2025.
Regarding fiscal policy, the Prime Minister assigned the Ministry of Finance to preside over and coordinate with relevant agencies to continue to operate a reasonable, focused, and key expansionary fiscal policy, closely, harmoniously, and effectively coordinated with monetary policy and other macroeconomic policies. Strengthen the management of state revenue budget; continue to expand the revenue base, especially revenue from e-commerce and food services; modernize tax management, resolutely implement regulations on electronic invoices generated from cash registers; strive to increase state budget revenue in 2025 by at least 20% compared to the estimate. Thoroughly save regular expenditures, including saving an additional 10% of the regular expenditure estimate for the last 7 months of 2025 according to the direction of the Government and the Prime Minister to support social security and build boarding and semi-boarding schools for students in remote, border, special economic zones, and islands.
Fully and promptly arrange funding sources to pay for policies and regimes according to regulations and tasks serving the arrangement of administrative units and the implementation of 2-level local government. Immediately issue guiding documents and remove difficulties and obstacles for localities (especially at the commune level) in implementing tasks related to state finance and budget when operating the 2-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...
Urgently submitted to the Government draft Decrees detailing laws and resolutions in the financial sector approved by the 15th National Assembly at the 9th session, ensuring they take effect simultaneously with the Law; submit to the Government a draft Resolution on piloting the crypto-asset market before July 15, 2025.
Review and assess the impact of the US reciprocal tax policy on Vietnam; develop support policies for businesses and workers in industries and sectors affected by the US tariff policy, and report to competent authorities before July 15, 2025...
Source: https://baolaocai.vn/trinh-chinh-phu-nghi-dinh-quan-ly-thi-truong-vang-truoc-157-post648082.html
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