On November 26, Prime Minister Pham Minh Chinh signed a dispatch on continuing to boost the domestic market and stimulate consumption.
The dispatch states that from now until the end of the year, the global situation is expected to remain complex, with political tensions and military conflicts potentially escalating and spreading, as well as risks of supply chain disruptions.
In response, the Prime Minister instructed the Minister of Industry and Trade to continue directing the effective and synchronous implementation of solutions to regulate supply and demand, stabilize the market, and encourage consumption to boost the domestic market, linking production with distribution and goods consumption.
Reducing interest rates for businesses and individuals to promote production and business in the last months of 2024 and early 2025. Illustrative image.
The Ministry of Industry and Trade is required to strengthen the state management of domestic trade, effectively implement inspection and market control measures, and support enterprises in handling issues related to trade defense investigations, origin fraud, anti-smuggling, trade fraud, and counterfeit goods.
The Prime Minister requested the Minister of Finance to conduct an open and reasonable fiscal policy, focusing on key areas, in coordination with monetary policy and other macro policies to promote growth, stabilize the macro-economy, control inflation, and ensure the major balances of the economy.
The Governor of the State Bank of Vietnam was assigned to proactively, flexibly, timely, and effectively manage the monetary policy, in harmony with fiscal policy and other macro policies.
At the same time, the Governor needs to continue instructing credit institutions to research and develop credit products and banking services for the consumer sector, serving daily life, and simplifying loan procedures, including consumer loans.
The Prime Minister also requested the Governor of the State Bank to continue instructing commercial banks to save costs, promote the application of digital technology, and reduce interest rates for businesses and individuals to promote production and business in the last months of 2024 and early 2025.
The Prime Minister assigned Deputy Prime Minister Bui Thanh Son to directly direct the implementation of this dispatch and urge and handle any difficulties and obstacles arising during the implementation process.
The Cost of Crime: Retitling the Damages in the Five Cases Masterminded by Nguyen Thi Thanh Nhà n
The statistics from the five prosecuted cases reveal that Mrs. Nguyen Thi Thanh Nhan and her accomplices caused a loss of nearly VND 20 billion in the least damaging case, while the most damaging case resulted in a loss of over VND 150 billion to the state budget.
The Stock Market in 2025: Forget Forex, Aim for a Breakthrough
“Unleashing the potential of the market requires a focus on public investment. By invigorating public investment, we can create a new impetus for economic growth and development, paving the way for a thriving future.”
The Greenback Takes a Tumble in Vietnam
The USD exchange rate at banks retreated from the 25,500 VND/USD threshold as the greenback cooled off in the international market.
The Prime Minister Directs the State Bank of Vietnam to Enhance Credit Management Solutions for 2024
Prime Minister requests SBV to focus on more drastically and effectively performing the tasks and solutions on directing interest rates, exchange rates, credit growth, open market operations, money supply, and reducing the lending interest rate floor to provide the economy with capital at a reasonable cost.
The Power of Compounding: Maximizing Returns, Nurturing Business Growth
“Despite a slight uptick in deposit rates, banks are unlikely to raise lending rates as they strive to boost credit growth towards the year-end. The industry’s focus on maintaining accessible borrowing rates underscores their commitment to supporting economic expansion and recovery.”
