Prime Minister: Respond promptly, flexibly, appropriately and effectively to external impacts and challenges

Attending the meeting were Deputy Prime Minister Ho Duc Phoc, Minister of Finance Nguyen Van Thang, Governor of the State Bank of Vietnam Nguyen Thi Hong, and leaders of ministries, branches, and government agencies.

After listening to reports, opinions, and concluding remarks, Prime Minister Pham Minh Chinh stated that the meeting agreed to assess the current situation with many difficulties and challenges from the outside affecting economic management, including macroeconomic stability, such as geopolitical tensions in many places, the trend of gathering forces, and increasing strategic competition between major countries; slowing economic growth; US tariff policy; many major partners of Vietnam facing difficulties; and a shrinking market.

Meanwhile, Vietnam's economy is highly open, so there must be flexible, timely, scientific, appropriate, practical and effective response solutions to the situation and external impacts.

Delegates also assessed that in the past time, in the context of difficulties and challenges intertwined with opportunities, advantages but with more difficulties and challenges, under the leadership of the Party, directly and regularly by the Politburo, the Secretariat, headed by General Secretary To Lam, with the spirit of not being panicked, afraid, nor being subjective or negligent, the more pressure, the more effort, identifying difficulties and challenges as more opportunities and advantages and having to turn difficulties and challenges into opportunities, we still controlled inflation, the macro economy was basically stable, promoted growth, ensured major balances (revenue enough for expenditure; export enough for import; ensured supply - demand of food, foodstuff and energy; labor market meets the transition; public debt, foreign debt, budget deficit are controlled within allowable limits); The material and spiritual life of the people continues to improve, the consequences of natural disasters and floods are quickly overcome, social security is ensured, especially the implementation of tuition exemption and support for students, giving gifts to the whole population on the occasion of National Day...; the entire political system, ministries, branches and localities are increasingly mature.

The Prime Minister stated that the general goal in the coming time is still to stabilize the macro economy, control inflation according to the set target, promote growth from 8.3-8.5% in 2025, ensure major balances (in which striving to increase state budget revenue this year by at least 25% compared to the estimate and increase savings; ensure enough food and foodstuffs and increase exports; ensure energy at suitable prices; control well public debt, government debt, budget deficit); stabilize for development, develop for stability, develop quickly but sustainably, improve the material and spiritual life of the people to be increasingly happy and prosperous.

The Prime Minister emphasized that it is necessary to ensure the comprehensiveness, comprehensiveness, fundamentality, and methodicalness in implementing policies and common goals, while clearly identifying the focus, key points, priorities, and appropriate roadmaps, and to complete each task and work out each task, and to coordinate policies smoothly, closely, and effectively among ministries, agencies, and between the central and local levels.

The Prime Minister requested ministries, branches and agencies to continue to well implement assigned tasks and solutions according to the directions of General Secretary To Lam and key leaders, the Resolution of the regular Government meeting in August 2025 and recent dispatches of the Prime Minister.

Noting and emphasizing a number of tasks and solutions, the Prime Minister requested that monetary policy and fiscal policy must continue to coordinate closely and effectively; in which, it is necessary to better exploit the space of fiscal policy to support monetary policy; monetary policy needs to prioritize research on exchange rates, interest rates, inflation control, growth promotion, risk control, strengthening inspection and supervision, cash flow must go in the right direction into production, business, growth drivers, and priority areas.

Regarding the promotion of the development of capital markets, real estate markets, science and technology markets, stock markets, commodity markets, import-export markets, the Prime Minister directed that it is necessary to continue building and perfecting databases, developing markets in accordance with market rules. Regarding the capital market, it is necessary to perfect the legal corridor to deploy an international financial center. Develop the gold market according to Decree 232 of the Government issued on August 26, 2025; promote upgrading the stock market. Form new markets; pilot the crypto asset market according to Resolution No. 05 of the Government issued on September 9, 2025. The Prime Minister assigned the Ministry of Finance and the State Bank to promptly issue instructions for implementing Decree 232 and Resolution 05.

For the real estate market, it is necessary to increase supply, promote social housing development, and strive to complete 100,000 social housing units this year. For the import-export market, it is necessary to stabilize traditional markets, expand new markets by reducing compliance costs, input costs, promoting administrative reform, and developing infrastructure to improve product quality, competitiveness, and added value of products and goods. Promote selective FDI attraction in priority areas.

Along with that, promote research, application of science and technology, innovation, construction, database connection, digital transformation, and innovation of growth models towards fast, green, digital, sustainable, and circular growth.

Increase capital mobilization, issue government bonds for key projects, priority areas such as science and technology, innovation, reform, cut administrative procedures, promote decentralization, more delegation of power along with resource allocation, improve implementation capacity, control output; perfect institutions to mobilize resources in enterprises, people and society for development.

Focus on disbursing 100% of the public investment plan for 2025; remove difficulties for stuck projects, promptly submit to competent authorities to release resources for these projects. Control the price situation of goods, especially food and energy to ensure stable people's lives.

Strengthening the promotion, inspection, urging, review, and resolution of difficulties and obstacles in the operation of the two-level government, enhancing creation and service to the people, promoting proactiveness, self-reliance, and self-reliance, especially at the commune level. Strengthening the inspection and supervision of public service practice at all levels, enhancing the sense of responsibility, daring to think, daring to do, and daring to face difficulties of officials.

The Prime Minister requested Deputy Prime Ministers and members of the Government to continue working with localities to inspect and promote socio-economic development, operate local governments at two levels smoothly and synchronously, and disburse public investment.

Promote information and communication to ensure objectivity, science, honesty, accurately reflect the situation, consolidate and enhance confidence, enthusiasm, and excitement after the 80th National Day celebration, creating motivation and inspiration for the people.

The Prime Minister requested ministries, agencies and localities, together with efforts to perform well and better the assigned tasks and solutions, to closely follow and do a good job of forecasting risks and impacts from the outside, to have appropriate, flexible, timely and effective solutions, to always remain calm, steadfast and courageous in all cases, to mobilize comprehensive resources, to combine domestic and foreign resources, internal and external resources, between State resources and private, social and business resources, between central and local resources, to enhance local self-reliance, self-reliance and creativity, to promote growth drivers, especially new growth drivers.

The Prime Minister also assigned Deputy Prime Ministers in charge of specific areas to work with ministries and agencies to deploy tasks and solutions, ensuring 6 clarity: clear people, clear work, clear time, clear responsibility, clear authority, clear products.