On September 22, Deputy Prime Minister Nguyen Hoa Binh, Head of the Steering Committee for Addressing Difficulties and Obstacles in Stalled Projects (Steering Committee 751), chaired a meeting with leaders from Party committees, agencies, and units. The meeting aimed to evaluate the committee’s progress and outline key tasks for the upcoming period.
Deputy Prime Minister Nguyen Hoa Binh. Photo: VGP
During the meeting, Deputy Minister of Finance Do Thanh Trung reported that the ministry has finalized a draft report to the Politburo on resolving challenges faced by long-stalled projects, incorporating feedback and revisions.
Attendees unanimously supported the draft proposal and report to the Politburo, emphasizing its alignment with central directives on overcoming obstacles in prolonged projects. They commended the Steering Committee 751 for its proactive efforts, which have yielded significant initial results.
Addressing the meeting, Deputy Prime Minister Nguyen Hoa Binh highlighted the Politburo’s directive to urgently resolve issues hindering stalled projects. This initiative aims to boost economic activity, support businesses, and align with Resolution 68 on private sector development.
The Deputy Prime Minister stressed the government’s commitment to implementing the Politburo’s directives, which has led to substantial progress. These efforts have unlocked vast land and financial resources, injecting them into the economy.
To date, the government has addressed challenges for 1,154 projects, valued at approximately VND 675 trillion, and released hundreds of thousands of hectares of frozen land. “These projects are channeling immense resources to drive economic growth,” the government leader stated.
Citing anti-waste efforts, the Deputy Prime Minister noted the revival of two long-delayed projects: the second facilities of Bach Mai and Viet Duc hospitals, which had been idle for a decade. Their resumption has unlocked significant assets.
Deputy Prime Minister Nguyen Hoa Binh clarified that resolving project challenges does not legitimize violations. In line with Politburo directives, all violations have been investigated, and offenders have been penalized according to the law.
The government’s proactive approach has not only supported businesses, preventing bankruptcies and safeguarding jobs, but also alleviated banking sector challenges, contributing to macroeconomic stability.
The Deputy Prime Minister noted that pilot initiatives under Politburo Conclusion 77 and National Assembly Resolution 170 have been successful. Localities have requested the expansion of these mechanisms, reflecting public and business expectations.
The government leader emphasized the importance of evaluating Conclusion 77 and Resolution 170 to broaden their application, meeting local demands and business community expectations.
Deputy Prime Minister Nguyen Hoa Binh expressed confidence that with a meticulous, scientific, and cautious approach, and by engaging stakeholders, the initiative will successfully mobilize trillions of dollars for the economy by early next year.
Prime Minister: Breakthrough Solutions Needed for Housing Policies and Real Estate Market
The Prime Minister has called for a significant increase in housing supply to balance market demand and supply dynamics. This initiative aims to identify and address bottlenecks, policy hurdles, and challenges within the housing and real estate sectors. By thoroughly analyzing these issues, the goal is to derive actionable insights and lessons, leading to innovative solutions. These measures are expected to drive substantial breakthroughs in housing policies and the real estate market by the end of this year and into the next, ultimately fostering robust growth.
Strategic Public Investment: Prioritizing Long-Term Growth for Sustainable Development
Experts suggest that, in the short term, capital should be flexibly reallocated from delayed projects to those that are ready for implementation. Additionally, establishing a dynamic pricing and contract mechanism, along with forming a specialized task force to address bottlenecks, is essential.
What Benefits Does Vietnam Reap When the Fed Cuts Interest Rates?
Should the Fed opt to cut interest rates in the upcoming meeting, Vietnam’s macroeconomic landscape and financial markets will face a rare opportunity, creating a conducive environment for stabilizing exchange rates, easing monetary policy, and fostering synchronized growth.
Stable Interest Rates, Credit Growth Projected at 19-20% for 2025
Mr. Dinh Duc Quang, Director of the Currency Business Division at UOB Bank Vietnam, forecasts that with the current interest rate levels, the entire system’s credit growth could reach 19-20% for the year 2025.
Sustainable Development: The New Competitive Edge for Vietnamese Businesses
At the “Green for Growth: How Sustainability Unlocks New Opportunities” seminar, co-hosted by EuroCham Vietnam, UOB Vietnam, and partners in August 2025, Mr. Jason Yang, Director of Sustainable Development at UOB Vietnam, shared strategic insights on the role of sustainability in Vietnam’s next phase of economic growth.
