PM calls for measures to develop domestic market

Prime Minister Pham Minh Chinh has sought measures to continue developing the domestic market and stimulate consumption over the remaining months of the year.

In his dispatch issued on November 26, Prime Minister Chinh asked the Minister of Industry and Trade to continue to direct the implementation of effective measures for regulating supply and demand and stabilizing the market as well as policies that encourage consumption in order to boost the domestic market and link production with distribution and consumption.

The Minister is also required to boost trade promotion programs and propose policies to help domestic businesses participate in both domestic and global supply chains.

Meanwhile, the Minister of Finance was directed to carry out a suitable expanded fiscal policy to promote growth, stabilize the macro-economy, and ensure major balances.

The Prime Minister also asked the Governor of the State Bank of Vietnam to implement monetary policy in a flexible, effective, and timely manner, developing credit products and banking services and creating favorable conditions for individuals and businesses to access concessional loans to stimulate business activity.

He ordered ministers and leaders of agencies, localities, associations, and businesses to review and prioritize the implementation of measures to remove hurdles in the disbursement of public capital and credit packages as well as policies to attract social resources to carry out consumption stimulus programs.