Prime Minister Pham Minh Chinh chairs the meeting of the Government’s Standing Committee – Photo: VGP/Nhat Bac
The meeting was attended by Deputy Prime Ministers, leaders of ministries, sectors, and Government agencies.
At the meeting, the delegates discussed and gave opinions on the socio-economic report for August and the first eight months, the implementation of the 2025 socio-economic development plan, and the proposed plan for 2026; the state budget situation, public investment in 2025, the implementation of the 2021-2025 public investment and state budget plans, the proposed state budget and public investment plan for 2026, the 2026-2028 state budget financial plan, the five-year financial plan, and the medium-term public investment plan for 2026-2030.
According to the reports and opinions at the meeting, in the past month of August, the world continued to face many difficulties and challenges; trade tensions, military conflicts, and political instability in some countries and regions persisted, causing fluctuations in the global financial and monetary markets, which affected global growth prospects, inflation, and the business and investment environment. Natural disasters and extreme weather events occurred on a large scale, posing risks to global commodity prices and food security.
Domestically, the whole country joyfully celebrated the 80th anniversary of the August Revolution and National Day on September 2nd. A series of major programs, events, and patriotic activities, especially the anniversary celebrations, parades, and the exhibition “80 Years of Independence, Freedom, and Happiness,” were successfully held with significance, solemnity, economy, and practicality, strongly arousing patriotic spirit, solidarity, and national pride. These events created a positive atmosphere and inspiration, making an important contribution to the country’s readiness to enter a new era of development.
Prime Minister Pham Minh Chinh analyzes some contents related to the assessment of the situation, direction, administration, and policy responses in August and the past time – Photo: VGP/Nhat Bac
On the occasion of the 80th anniversary of the August Revolution and National Day, the country inaugurated and completed 250 typical projects and works with a total investment of about 1.28 million billion VND; basically, the goal of eliminating temporary and dilapidated houses nationwide (over 334,000 houses) was achieved, reaching the target 5 years and 4 months ahead of schedule; gifts were presented to the people on the occasion of the National Day with a total budget of nearly 11,000 billion VND…
The Government and the Prime Minister continued to direct the ministries, sectors, and localities to focus on concretizing laws, resolutions, conclusions, and directives of the Party Central Committee, the Politburo, the Secretariat, and the National Assembly; striving for a growth rate of 8.3-8.5% in 2025 associated with maintaining macro-economic stability, controlling inflation, and ensuring the major balances of the economy; implementing the three strategic breakthroughs and the “quadruple pillar” resolutions…
In August, the Government and the Prime Minister issued 23 decrees, 47 resolutions, 30 directives, and over 600 documents to direct and administer the completion of laws and handle arising issues; in the first eight months, 241 decrees, 308 resolutions, 2,021 decisions, and 25 directives were issued, along with 145 urgent documents.
The Prime Minister directed a strong reform of administrative procedures and the reduction of business conditions; the operation of the two-level local government; chaired a conference with enterprises and worked with many global corporations to remove obstacles for projects; addressed environmental pollution, and prevented and overcame the consequences of natural disasters and storms…
The Prime Minister emphasizes the lessons learned about grasping the situation and responding with appropriate, timely, flexible, and effective policies – Photo: VGP/Nhat Bac
Overall, in the context of numerous difficulties and challenges, the Government, the Prime Minister, the ministries, sectors, and localities have made great efforts and concentrated highly on completing a large volume of work; proactive, resolute, and effective in management and administration; flexible and timely in handling arising issues; promoting economic development in harmony with culture, society, and the environment; and actively integrating internationally.
As a result, the socio-economic situation continued its positive trend, achieving many outstanding and fairly comprehensive results, which were trusted and highly appreciated by the people, businesses, and investors, who actively participated in the process. However, the tasks in the last months of the year remain challenging, requiring all levels, sectors, and localities to be more proactive, resolute, and thorough in fulfilling the set tasks.
After listening to the reports and opinions, the Prime Minister Pham Minh Chinh provided additional analysis on the assessment of the situation, direction, administration, and policy responses in August and the past time; the outstanding socio-economic results, limitations, and inadequacies; analysis of causes and lessons learned; forecasts for the future situation; and key tasks and breakthrough solutions for September and the fourth quarter in various fields.
The Prime Minister requests promoting growth drivers and striving for a GDP growth rate of 8.3-8.5% in 2025 – Photo: VGP/Nhat Bac
The Prime Minister emphasized the lessons learned about grasping the situation and responding with appropriate, timely, flexible, and effective policies; maintaining and promoting unity and consensus; ensuring effective information and propaganda work; “resources come from thinking and vision, motivation comes from innovation and creativity, and strength comes from the people and businesses.” Especially, the Prime Minister affirmed that with the “say and do” spirit of the Party and the State, the people’s trust has been increasingly strengthened.
In the coming time, the Prime Minister requested the ministries and sectors to continue to implement the laws, resolutions, conclusions, and directives of the Party Central Committee, the Politburo, the Secretariat, and the National Assembly more drastically, comprehensively, and effectively; review all targets for 2025 and the five-year plan to continue striving to achieve and exceed them; promote growth drivers and strive for a GDP growth rate of 8.3-8.5% in 2025; complete the assigned projects and tasks, especially the construction and completion of the resolutions of the Politburo on education – training, health care, state economy, and cultural development; organize the opening ceremony of the new school year; and prepare well for the Central Committee Conference and the National Assembly Session…
Regarding the reports on the state budget and public investment, the Prime Minister emphasized the requirements for proper, full, and timely collection of taxes, against tax losses, and for economical spending; the new goals and requirements in the next phase of public investment demand a continued change in thinking and approach, especially in focusing investments on areas with “turning point” potential and “state-changing” impact.
The Government Tackles 16 Critical Policy Files and Bills
On September 4, Prime Minister Pham Minh Chinh chaired a specialized legal construction meeting of the Government for August 2025. The meeting focused on reviewing and providing feedback on 15 draft laws and one policy framework related to another draft law.
The Perfect Title: “The Residents of Thai Nguyen Rejoice!”
Nestled in the heart of the Northern Midland and Mountainous region, in recent years, Thai Nguyen Province has focused on developing multiple sectors, with infrastructure investment considered the key foundation for its breakthrough.
“Experts: Progressive Policies are Only as Good as Their Implementation”
“Vietnam has long been lauded for its progressive reforms, and this is testament to the country’s forward-thinking policies. However, as Oliver Massmann, Managing Director of Duane Morris Vietnam and a veteran legal practitioner in the country for almost three decades, points out, the gap between policy formulation and implementation remains a challenge. The key issue, according to Massmann, is not a lack of new policies, but rather the pace of enforcement. Vietnam’s potential is undeniable, yet to fully unlock it, the country must address the disconnect between its ambitious plans and on-the-ground realities.”
“Billionaire Pham Nhat Vuong’s Mega Project Officially Raises Massive $700 Million in Funding”
The Cam Ranh Bay Waterfront Urban Area project has secured an impressive 16.5 trillion VND in funding through a combination of capital contributions, investment cooperation, and business collaborations.
Unlocking Transformational Projects: The Power of Strategic Public Investment
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On the morning of September 3rd, Prime Minister Pham Minh Chinh chaired a meeting of the Government’s Standing Committee to discuss and provide feedback on reports pertaining to the economy, society, state budget, and public investment. The aim was to consolidate these reports and present them to the relevant authorities.
