Prime Minister Pham Minh Chinh has issued Directive No. 29 on stimulating domestic consumption, supporting production and business activities, and developing the domestic market.
The directive instructs the Ministry of Industry and Trade to implement measures that strengthen the connection between production and distribution, enhance linkages within the value chain, and ensure compliance with quality and food safety standards. It also emphasizes the formation of purely Vietnamese goods chains.
Regional and nationwide promotional programs should be organized, in coordination with local authorities, to enhance supply-demand connections and distribute OCOP products to remote areas and industrial zones, thus stimulating domestic consumption.
Additionally, the ministry should facilitate connections between domestic enterprises and foreign-invested or large global companies to boost the consumption of domestically produced goods.
The Prime Minister has directed the research and development of dedicated credit products and banking services for the consumption sector, along with increased lending for consumer and lifestyle purposes.
The Ministry of Finance is instructed to collaborate with the Ministry of Industry and Trade to devise solutions for controlling imports through e-commerce, in alignment with Vietnam’s international commitments.
As for the State Bank of Vietnam, the Prime Minister has directed it to manage credit in harmony with macroeconomic developments and to flexibly manage exchange rates in accordance with market movements to stabilize the foreign exchange market. This will contribute to supporting economic growth and controlling inflation. The directive also emphasizes the continued implementation of credit growth solutions, directing credit to production, business, priority areas, and growth drivers.
The State Bank is instructed to guide credit institutions in researching and developing dedicated credit products and banking services for the consumption sector, along with increasing lending for consumer and lifestyle purposes.
Furthermore, the directive encourages the expansion of preferential credit programs, such as the VND 140 trillion package for social housing development loans, the project to build at least 1 million social houses for low-income earners and industrial park workers between 2021 and 2030, and the expansion of the VND 30,000 billion program for the forestry and fishery sectors.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
