PM calls for stronger coordination between fiscal and monetary policies

Prime Minister Pham Minh Chinh has urged for more effective fiscal policy to complement monetary efforts, while directing the State Bank of Vietnam to focus on exchange rates, interest rates, and risk management.

Chairing a meeting in Hanoi on September 12 with permanent Government members and representatives from relevant ministries to review the implementation of the August resolution on economic management, the PM underlined that the overarching goal is to stabilize the macro-economy, curb inflation, and promote GDP growth to reach 8.3%–8.5% in 2025.

He called for better development of key markets, including capital, real estate, science and technology, stocks, goods, and exports-imports.

He also stressed the need to selectively attract foreign direct investment in priority sectors, alongside promoting science and technology, innovation, digital transformation, and a shift toward green, circular, digital, and sustainable growth models.

The PM also emphasized the need to fully disburse public investment capital and remove bottlenecks in stalled projects to unlock resources for development.