Hanoi, September 13, 2025 — The Europe Today: Prime Minister Phạm Minh Chính has reaffirmed that macroeconomic stability and inflation control remain the top priorities for Vietnam, alongside ambitious growth of 8.3–8.5 per cent in 2025, while ensuring major economic balances are maintained.
Chairing a meeting in Hanoi on Friday with permanent Government members and representatives from ministries and agencies to implement the Government’s August resolution on economic management, the Prime Minister called for more effective fiscal policies to complement monetary efforts. He directed the State Bank of Vietnam to focus on exchange rates, interest rates, and risk management.
“Cash flows must be geared towards production, trade, growth engines, and priority areas,” PM Chính emphasized.
The Prime Minister instructed ministries to accelerate reforms across key markets, including capital, real estate, science and technology, stock, goods, and export-import. For capital markets, he stressed the importance of completing the legal framework to establish an international financial centre, advancing the gold market under Decree 232 issued on August 26, and upgrading Việt Nam’s stock market status.
He also ordered the piloting of a crypto asset market under Government Resolution No. 05, dated September 9, assigning the Ministry of Finance and the State Bank to provide clear guidelines for both Decree 232 and Resolution 05.
On real estate, the Prime Minister urged efforts to increase supply, with a target of completing 100,000 social housing units this year. For foreign trade, he underlined the need to stabilize traditional export markets while penetrating new ones by cutting compliance costs, streamlining administrative procedures, and upgrading infrastructure to improve product quality, competitiveness, and added value.
He further highlighted the selective attraction of foreign direct investment in priority sectors, alongside fostering science, technology, innovation, and digital transformation. Vietnam’s development model, he said, must shift towards green, circular, digital, and sustainable growth.
PM Chính also called for aggressive capital mobilisation, including through government bonds, to fund major projects and priority areas such as technology, reform, and innovation. He underscored the importance of decentralisation, clear resource allocation, and accountability of leaders in mobilising resources from both businesses and the public.
He directed the full disbursement of the 2025 public investment plan and the removal of barriers to stalled projects to unlock capital. Stabilising prices of essential goods, particularly food and energy, was also deemed critical to protect households.
Deputy Prime Ministers and Cabinet members were tasked with coordinating closely with local authorities to advance socio-economic development, strengthen two-tier governance, and accelerate public investment disbursement.
Coming shortly after Vietnam’s 80th National Day, the Prime Minister stressed the role of scientific, fact-based communications to foster public trust and transform national pride into momentum for growth.
In conclusion, PM Chính assigned Deputy Prime Ministers to directly coordinate with ministries and agencies, ensuring clarity in roles, responsibilities, timelines, and outcomes to keep the reform agenda on track.
