PM’s 2025 plan: high growth, stable prices, crypto push
PM Pham Minh Chinh demanded a more effective fiscal policy to complement monetary efforts, directing the central bank to focus on exchange rates, interest rates and risk management.
PM Pham Minh Chinh chairs the meeting with permanent Government members and representatives from ministries and agencies on September 12. (Photo: VNA)
Hanoi (VNA)🐼 – The overall goal for the coming time remains macroeconomic stability and inflation control as targeted, while driving growth of 8.3%–8.5% in 2025, with major economic balances in check, said Prime Minister Pham Minh Chinh.
Chairing a meeting in Hanoi on September 12 with permanent Government members and representatives from ministries and agencies to realise the Government’s August resolution on economic management, PM Chinh demanded a more effective fiscal policy to complement monetary efforts, directing the central bank to focus on exchange rates, interest rates and risk management.
“Cash flows must be geared toward production, trade, growth engines, and priority areas”, he said.
He directed ministries and agencies to expedite development across key markets, including capital, real estate, sci-tech, stock, goods and export-import. For capital markets, he requested completing the legal corridor to establish an international financial centre, together with advancing the gold market under the Government's Decree 232, issued on August 26, and upgrading Vietnam’s stock market status.
He also ordered piloting a crypto asset market under the Government's Resolution No. 05, dated September 9, tasking the Finance Ministry and State Bank with issuing clear guidelines for both Decree 232 and Resolution 05.
PM Pham Minh Chinh speaks at the event. (Photo: VNA)
On real estate, he demanded increased supply, targeting the completion of 100,000 social housing units this year. For foreign trade, he urged stabilising traditional export markets while breaking into new ones by slashing compliance and input costs, streamlining red tape, and upgrading infrastructure to enhance product quality, competitiveness and added value.
He asked for selectively attracting foreign direct investment in priority sectors, paired with a push for science - technology development, innovation, digital transformation and a shift to green, circular, digital, and sustainable growth models.
Besides, the PM called for aggressive capital mobilisation, including through government bonds, to bankroll key projects and priority areas such as technology, innovation, and reform. He stressed decentralising authority with clear resource allocation, and holding leaders accountable for tapping resources from businesses and the public.
He also underscored the must to fully disburse the 2025 public investment plan and clear roadblocks for stalled projects to free up capital. Price stability for essential goods, particularly food and energy, must continue to protect households, he added.
Deputy PMs and Cabinet members were required to work with local authorities to drive socio-economic development, ensure effective two-tier local governance and speed up public investment disbursement. Fresh off Vietnam’s 80th National Day, he stressed scientific and fact-based communications to build public trust and channel national pride into momentum for growth.
In closing, the leader assigned Deputy PMs to coordinate directly with ministries and agencies to perform tasks, ensuring clear roles, tasks, timelines, responsibilities, and authority, as well as measurable outcomes to keep the agenda on track./.
Since the beginning of 2025, the Government and the PM have issued numerous instructions on this matter. As of the end of August, disbursement was estimated at 46.3% of the plan assigned by the Government leader, higher than the same period in 2024 (40.4%).
Prime Minister Pham Minh Chinh has asked ministries, agencies, and localities to promptly address obstacles facing major transport projects to complete all set goals as there is a significant workload ahead, and only less than four months remaining until the end of 2025.
The report said the strong momentum provides a solid basis for Vietnam to achieve its growth target for the whole year, even as the global economy continues to face geopolitical and trade challenges.
According to preliminary statistics from Vietnam's Customs Department, as of August 15 this year the country's shrimp exports to China (including Hong Kong) surged by up to 76% over the same period last year, reaching nearly 767 million USD and accounting for nearly 29% of the country's total shrimp export turnover.
Exquisite craftwork, diverse dishes, and vibrant music have captured the attention of international visitors at the National Entrepreneurs Day (HUN) 2025 held in Kuala Lumpur from September 12-16.
The 13th Mekong–Republic of Korea (RoK) Business Forum provided a platform to seek solutions for strengthening collaboration, overcoming economic challenges, and expanding opportunities for sustainable development in a volatile global environment.
The ratification of the agreement not only reaffirms its steadfast commitment to a rules-based, fair, and sustainable international trading order but also brings tangible domestic benefits.
Launched in 2017 as a successor to the Top 1000 Corporate Taxpayers, PROFIT500 has become a trusted 'barometer' of corporate health, reflecting not only profit scale but also financial efficiency, growth potential and social responsibility.
Ho Chi Minh City, as the country’s largest economic and financial hub, is expected to take the lead in key areas such as capital markets, banking, and commodity trading. Meanwhile, Da Nang, with its strategic location and open-minded spirit, holds great potential to become a pioneer in sustainable finance, green finance, and digital financial services.
By aligning regulatory frameworks more closely with international practices, the Vietnamese Government expects to create a more transparent, efficient and investor-friendly market environment.
The Vietnam Investment and Finance Association (VIFA) in the UK has successfully organised the event “Financial Insights 2025” in London, aiming to strengthen financial and business ties between the two countries.
Equipped with the state-of-the-art Rolls-Royce Trent 700 engine, the A330 aircraft will immediately be put into operation on routes to Australia, Kazakhstan, India, Japan and Europe, offering passengers a modern and comfortable travel experiences.
To deliver on the goal, the document highlighted the need to remove such barriers as pre-funding requirement for foreign investors ahead of trades while the central counterparty clearing (CCP) is being developed. Transparency on foreign ownership limits should be enhanced across all areas, together with streamlined registration procedures for account opening and indirect capital registration.
From September 15, commercial banks and foreign bank branches must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital.
The State Bank of Vietnam set the daily reference exchange rate at 25,216 VND/USD on September 15, unchanged from the last working day of the previous week.
One of the key growth drivers for the paper packaging industry is the boom in e-commerce, FiinGroup reported, forecasting that the size of Vietnam's e-commerce market will reach 60 billion USD by 2030, leading to a massive demand for corrugated cartons used for shipping.
The Finance Minister's mission in the UK and Italy is expected to unlock new cooperation opportunities across multiple high-potential sectors, contributing to economic and financial cooperation between Vietnam and European countries.
The application integrates artificial intelligence (AI) and is capable of analysing images of wood cross-sections, providing identification results with an accuracy of up to 98.6% in less than one second.
The EU is among the world’s top three importers of farm produce, but Vietnam holds only a 2% share – still modest compared to its agricultural production capacity and potential, which indicates vast growth potential in the EU if backed by a proper strategy.
Vietnam’s stock market has emerged as a key driver of economic growth, serving as a channel for medium- and long-term capital mobilisation and a launchpad for businesses to enhance governance and financial transparency, said insiders.
With clear planning and a complete legal framework, Vietnam could draw private firms’ participation in the project. This is not only about mobilising capital, but also about fostering supporting industries, improving management capacity, and advancing sustainable economic and social development.
The roundtable was regarded as one of the largest international aviation cooperation events held in Vietnam this year. It was positioned as an investment promotion platform, where businesses from both countries - particularly in the fields of aviation and hospitality - had the opportunity to meet, exchange insights, and explore new avenues for cooperation.
