At the national online conference between the Government and local authorities held on July 3, Prime Minister Pham Minh Chinh stressed that Vietnam’s socio-economic situation has shown steady improvement in the first half of 2025.
The system also includes a mechanism that allows for the deployment of new ideas, technologies, and policies in a controlled environment for evaluation before widespread application.
Under the Government’s Decree No. 168/2025/ND-CP that took effect on July 1, the Business Registration Agency and other agencies are forbidden to cause trouble for organizations and individuals while receiving dossiers and handling business registration procedures.
The action plan is to implement the National Assembly’s Resolution No. 198/2025/QH15, dated May 17, 2025, on several special mechanisms and policies to promote private economy development.
At the national conference on May 18, the Party leader highlighted that in pursuit of socialist-oriented market economy, it is imperative to bring into full use of all resources to achieve rapid and sustainable development.
At a national conference on May 18, Prime Minister Pham Minh Chinh stressed that private sector development has consistently been a major policy direction throughout nearly 40 years of reform.
Prime Minister Pham Minh Chinh chairs meeting on decentralization, delegation of authority, and delineation of powers associated with the implementation of the two-level local administration model.
The support policy will be applied to officials, civil servants, public employees and workers for voluntary retirement in the process of streamlining administrative structures.
Prime Minister Pham Minh Chinh requested localities to set up task forces to crack down on smuggling, trade fraud, counterfeit goods, copyright infringement, and intellectual property violations, given the recent bust involving 100 tons of counterfeit pharmaceuticals and dietary supplements.
PM proposed that the WB focus on providing financial support in large scale projects in Vietnam, especially the North - South high-speed railway project.
South Korea is currently the biggest foreign investor in Vietnam, with a total registered investment capital reaching over $92 billion in 10,128 projects.
Vietnam is pursuing an expansionary fiscal policy, which includes tax reductions for businesses and extensions on tax and land rent payments to stimulate development.
