The Prime Minister’s dispatch is addressed to Ministers, Heads of Ministerial-level Agencies, Governmental Agencies; Chairpersons of People’s Committees of provinces and centrally-run cities; and Chairpersons of State-owned Groups and Corporations, stating:
Since the beginning of 2025, the Government and the Prime Minister have issued numerous directives. Ministries, agencies, and localities have made concerted efforts to implement effective macroeconomic management solutions, boost export activities, and expand markets. Over the first 10 months of 2025, macroeconomic stability has been maintained, inflation controlled, growth promoted, and major economic balances ensured. The total import-export turnover reached 762.4 billion USD, a 17.4% increase compared to the same period last year. Exports totaled 391.0 billion USD, up 16.2%, while imports reached 371.4 billion USD, up 18.6%, resulting in a trade surplus of 19.6 billion USD.
However, amidst a complex and unpredictable global landscape, challenges outweigh opportunities. To further enhance export activities and achieve the 2025 economic growth target of over 8% while maintaining macroeconomic stability, the Prime Minister directs Ministers, Heads of Ministerial-level Agencies, Governmental Agencies, Chairpersons of People’s Committees of provinces and centrally-run cities, and Chairpersons of State-owned Groups and Corporations to rigorously and effectively implement the Resolutions and Conclusions of the Party Central Committee, the Politburo, Key Leaders, the National Assembly, the Government, and the Prime Minister’s directives. Key tasks and solutions include:
Ministries, Agencies, and Localities
a) In the current context, consistently prioritize maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances to create a favorable business environment, fostering rapid and sustainable growth.
b) Harmoniously and effectively combine monetary, fiscal, and other macroeconomic policies to control inflation as targeted.
State Bank of Vietnam
a) Implement proactive, flexible, and effective monetary policies. Strengthen inspections, audits, and tight control to direct credit flows into production, priority sectors, and growth drivers, while ensuring credit quality and controlling bad debts.
b) Manage exchange rates and interest rates appropriately to support production, business, and investment.
Ministry of Industry and Trade
a) Vigorously implement solutions to boost exports, especially during year-end and early next year, to meet increased international demand during Christmas and New Year.
b) Enhance trade promotion, diversify markets, products, and supply chains. Accelerate negotiations and signing of bilateral and multilateral trade agreements with potential partners (e.g., GCC, Pakistan, Egypt, MERCOSUR, Algeria). Continue negotiating a trade agreement with the U.S. as directed.
c) Direct commercial offices abroad to support Vietnamese businesses, focusing on helping localities, industry associations, and enterprises effectively utilize FTAs. Provide market information, trade promotion, and connect exporters, importers, and distributors in foreign markets to promote products and brands.
d) Strengthen connections between domestic and foreign-invested enterprises, encouraging domestic firms to join foreign-invested supply chains.
Ministry of Finance
a) Continue implementing an expanded fiscal policy with focus and efficiency.
b) Review and set export and import tax rates aligned with international integration to boost exports and domestic production.
c) Develop specific support measures for businesses affected by U.S. countervailing duties, completing this by November 2025.
d) Direct customs authorities to manage and control goods quality during customs procedures, preventing low-quality imports, intellectual property violations, and origin fraud.
Ministry of Agriculture and Rural Development
a) Lead efforts to combat IUU fishing, remove the “yellow card,” invest in fisheries infrastructure, and digitize the aquaculture sector for sustainable development.
b) Expedite market access negotiations and mutual recognition of food safety standards to open markets for Vietnamese fruits and vegetables.
c) Develop geographical indications, product brands, and traceability systems. Enhance research, technology application, innovation, and digitalization in agriculture.
Ministry of Foreign Affairs
a) Strengthen economic diplomacy to expand markets and support businesses in exporting, investing, and operating effectively abroad.
b) Direct Vietnamese representative offices abroad to connect with localities, businesses, and associations to promote exports.
c) Actively engage GCC member states to build consensus and accelerate the Vietnam-GCC FTA negotiations.
Ministries of Industry and Trade, Agriculture and Rural Development, and Foreign Affairs will establish task forces to explore new markets (Middle East, Africa, Latin America), resolve FTA issues, and negotiate new FTAs by early 2026 (with Pakistan, Kuwait, Brazil, Algeria, etc.).
Chairpersons of People’s Committees of provinces and centrally-run cities
a) Proactively address production and export challenges faced by local businesses to facilitate exports within legal frameworks.
b) Regularly update border trade information to advise farmers, producers, and exporters on production, packaging, and delivery plans, avoiding congestion and adverse impacts.
State-owned Groups, Corporations, and Export Enterprises: Develop effective production and export plans for the year-end. Leverage technology, build brands, enhance product quality, and diversify markets and supply chains.
Deputy Prime Ministers will oversee the implementation of this dispatch by relevant Ministries, agencies, and localities.
Government Office will monitor and report on issues beyond its authority.
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