Prime Minister chairs the regular July 2025 Government meeting
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The Government has issued Resolution No. 230/NQ-CP on the regular July 2025 Government meeting and the teleconference between the Government and localities.
The Government’s resolution requests that ministries, agencies, and localities closely monitor international and regional situations and their impact on the country’s socio-economic development. They should also provide analysis, forecasts, and policy recommendations to ensure proactive and responsive solutions. Ministries managing specific sectors and fields should proactively calculate and prepare price plans and adjustment roadmaps to ensure market stability and prevent speculation and price increases. Efforts should be made to control the average consumer price index for 2025, in line with the set target.
The State Bank of Vietnam is tasked with proactively, flexibly, timely, and effectively managing monetary policy, in close coordination and harmony with a reasonably expanded fiscal policy and other macro policies. They should instruct credit institutions to strive for lower lending rates and direct credit to production, business, priority areas, and growth drivers. Manage exchange rates in a flexible, harmonious, and balanced manner with interest rates, diversify foreign currency supply channels, stabilize the value of the Vietnamese dong, and improve the international payment balance.
The Ministry of Finance, in coordination with agencies and localities, should strengthen the management of state budget revenue collection, promote digitization, and modernize tax and customs management. They should also expand the revenue base, especially from e-commerce and catering services, and strictly handle violations related to invoices, vouchers, and trading transactions. The target is to increase state budget revenue in 2025 by at least 25% compared to the estimate. They should practice thrift in regular expenditures, including an additional 10% savings in the regular budget for the last seven months of 2025, to support social security and the construction of boarding schools for students in remote, border, and island areas. Coordination with the Ministry of Education and Training is necessary to allocate funds immediately and prevent waste and negative issues.
At the same time, the Ministry of Finance should actively promote its role as the standing agency of the Steering Committee for the International Financial Center in Vietnam, as per the Prime Minister’s Decision No. 1646/QD-TTg dated August 1, 2025. They should urge relevant agencies to promptly finalize and submit legal documents to the Government in August 2025 to implement the National Assembly’s Resolution No. 222/2025/QH15 on the International Financial Center in Vietnam. This will ensure the operation of the International Financial Center in Ho Chi Minh City and Da Nang in 2025.
The Ministry of Finance, the State Bank of Vietnam, and the Ministry of Industry and Trade, within their functions, tasks, and authority, should proactively study, assess, and forecast the situation. They should also develop scenarios, plans, and orientations for managing fiscal, monetary, trade, import and export policies, and other policies from now until the end of 2025 and 2026. A report should be submitted to the Government for consideration and guidance before August 20, 2025.
Accelerating public investment disbursement
Along with this, ministries, agencies, and localities, according to their functions, tasks, and authority, should resolutely accelerate the disbursement of public investment capital. The target is to achieve a disbursement rate of over 60% of the country’s public investment capital by the end of the third quarter and complete the disbursement of 100% of the 2025 public investment plan assigned by the Prime Minister. It is essential to uphold the responsibility of heads of Party committees, authorities, agencies, and units, set monthly public investment disbursement targets for each investor, and regularly monitor and inspect the implementation. If necessary, adjust capital from slow-disbursing projects to well-performing ones according to regulations. Maintaining the goal of ensuring the quality of public investment, project, and construction works, and avoiding waste is crucial.
Ministries, agencies, and localities should focus on formulating a medium-term public investment plan for the 2026-2030 period with a concentrated and prioritized approach, ensuring that the total number of projects funded by the central budget during this period does not exceed 3,000 (including ongoing and new projects). It is imperative to promptly allocate the second and third batches of capital for the National Target Programs and the central budget capital supplement from the increased central budget revenue in 2024, which has just been assigned by the Prime Minister. This will ensure timely disbursement in the last months of the year.
At the same time, actively prepare for investment in important national and key projects for the 2026-2030 period, promote and resolve difficulties in non-state investment projects as directed by the Prime Minister in Telegrams No. 13/CD-TTg dated February 8, 2025, No. 26/CD-TTg dated March 31, 2025, and No. 118/CD-TTg dated July 22, 2025. Continue to register projects and works that meet the conditions and procedures prescribed by the law for groundbreaking and inauguration on August 19, 2025, to celebrate the 80th anniversary of the August Revolution and National Day, September 2. Review and propose adjustments to the medium-term public investment plan for the 2021-2025 period after the organization of the apparatus, and send it to the Ministry of Finance before August 15, 2025, for review, synthesis, and reporting to the competent authorities according to regulations.
The Ministry of Finance, in coordination with relevant agencies and localities, should effectively advise the Prime Minister’s working groups on strengthening inspection and urging the disbursement of public investment capital in ministries, agencies, and localities. They should also continue to review and synthesize the proposals of ministries, agencies, and localities on adjusting the plan for capital allocation for public investment in 2025 according to their competence and report to competent authorities for those exceeding their competence.
The Ministry of Ethnic Affairs and Religion, in coordination with relevant ministries, agencies, and localities, should complete the amendment and supplementation of regulations on principles, criteria, and norms for allocating the central budget capital and the rate of counterpart capital of the local budget as a basis for implementing the National Target Program on socio-economic development in ethnic minority and mountainous areas for the 2026-2030 period.
The Ministry of Finance, the agencies managing the National Target Programs, and relevant agencies and localities should expedite the construction of a database for the National Target Programs. They should also review and synthesize proposals from central and local agencies and localities that no longer need capital and will refund the central budget. Subsequently, they should report to the competent authorities according to regulations…
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