Prime Minister Directs Specific Tasks and Solutions for Ministries, Localities – Photo: VGP/Nhật Bắc
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Specifically, first, thoroughly prepare proposals, projects, and reports to be submitted to the Central Committee, Politburo, Secretariat, and National Assembly at the 10th Session and the 14th National Congress of the Party. Prepare for the organization of the National Emulation Congress; continue reviewing and meticulously preparing tasks and work for the 14th Party Congress.
Second, focus on maintaining macroeconomic stability, controlling inflation, ensuring major economic balances, and creating a solid foundation for rapid and sustainable growth.
Regarding policy orientation, the Prime Minister requested the continued implementation of proactive, flexible, timely, and effective monetary policy, closely and synchronously coordinated with reasonably expanded fiscal policy, focusing on key areas and other policies.
For monetary policy, concentrate on controlling inflation according to the set target, ensuring the value of the Vietnamese currency; ensuring harmony, reasonableness, and effectiveness between growth and inflation both in the short and long term; maintaining reasonable, flexible, and effective exchange rates and interest rates; ensuring the stability and health of the gold and foreign exchange markets, tightly controlling risks; focusing credit capital on production and business, growth drivers; developing and maintaining credit packages for priority areas (such as social housing, strategic infrastructure development, flood damage recovery); tightly controlling credit for high-risk areas (including real estate), preventing risks to individual credit institutions and the system. The State Bank of Vietnam is responsible for this.
For fiscal policy, further leverage its role in promoting growth (through accelerating public investment, boosting FDI disbursement, private investment; exempting, reducing, and extending taxes, fees, and charges for vulnerable sectors and subjects due to subjective factors; utilizing low public and government debt margins to mobilize capital for development investment). Strive to exceed the state budget collection by 25% of the estimate.
Closely monitor market and price developments, ensuring stability, especially for state-managed goods and services.
Third, renew traditional growth drivers and vigorously promote new growth drivers.
The Prime Minister emphasized that 9-month GDP growth reached 7.85%; to achieve over 8% growth for the whole year 2025, the GDP growth rate in the fourth quarter must exceed 8.4% (with the industrial sector growing by about 9.4%; the service sector by about 8.3%; agriculture by about 4%; and the digital economy accounting for about 20% of GDP).
For traditional growth drivers, the Prime Minister stated that regarding investment, the entire political system must strive to disburse 100% of the public investment plan; cut all cumbersome administrative procedures, strongly attract FDI, especially implemented capital; vigorously promote private investment (through task assignments, contracts, etc.).
For consumption, strongly develop the domestic market, especially e-commerce; enhance trade promotion, discounts, fairs, tax and fee exemptions, especially during holidays and Tet.
For exports, implement large-scale, high-quality trade promotion programs in key markets (EU, USA, Japan, South Korea, etc.); accelerate negotiations, striving to sign the FTA with Mercosur and the Gulf Cooperation Council (GCC) in 2025. Effectively implement the Protocol upgrading the ASEAN-China FTA (ACFTA 3.0) recently signed in Malaysia.
Promote new growth drivers such as science and technology, innovation, digital transformation; green economy, circular economy, creative economy, international financial centers, free trade zones, new business models; emerging sectors like semiconductors, artificial intelligence, renewable energy; regional linkages, urban development, efficient exploitation of underground, space, and marine resources; institutional innovation and improvement as a competitive advantage. The Prime Minister requested that by the end of December, there should be no more signal or power dead zones nationwide.
Fourth, vigorously and effectively implement the Politburo’s resolutions (Resolutions No. 57, 59, 66, 68, 70, 71, 72); and urgently finalize and submit new resolutions on state economy, FDI, and culture to the Politburo for issuance.
Fifth, accelerate economic restructuring, focusing on improving growth quality and labor productivity; enhance research, application of science and technology, innovation, digital and green transformation, creative economy; synchronously implement solutions to increase labor productivity, improve resource efficiency; enhance economic competitiveness and resilience; strongly develop strategic industries and supporting industries.
Sixth, effectively implement and operate the two-tier local government model (noting the review of functions, tasks, apparatus, job positioning, adequate staffing of capable personnel, information and data connectivity, procedures, decentralization, etc.).
Seventh, focus on resolving difficulties and obstacles for long-delayed projects.
Eighth, concentrate on preventing and overcoming storm and flood consequences (noting the organization of searches for missing persons; timely treatment of the injured; quick support for people to repair damaged houses, providing temporary accommodation; restoring essential infrastructure; fully assessing damage; providing financial support, agricultural supplies, seeds, disinfectants, medicines, medical equipment to affected localities, etc.).
Ninth, focus on cultural and social development, ensuring social welfare, and improving people’s lives. Strengthen revenue collection and cost savings to propose wage, allowance, and subsidy increases to competent authorities in 2026. Concentrate on starting nearly 100 boarding and semi-boarding schools in border communes. Reclaim clean land, allocate projects for social housing construction.
Tenth, strengthen national defense and security; maintain social order and safety; enhance foreign affairs and international integration.
Eleventh, continue implementing and disbursing national target programs, including submitting to the National Assembly the consolidation of three national target programs on sustainable poverty reduction, new rural development, and socio-economic development in ethnic minority and mountainous areas.
Twelfth, enhance the effectiveness of information and communication, especially policy communication, promoting good models, practices, and advanced examples, contributing to social consensus, with the spirit of “using positivity to overcome negativity, using beauty to eliminate ugliness”; “unity creates strength, cooperation creates resources, exchange and dialogue build trust.”
– 20:16 08/11/2025
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