PM assigns tasks to overcome difficculties, ensure macro-economic stability
Prime Minister Pham Minh Chinh has assigned urgent tasks to particular ministries and agencies to deal with current economic difficulties in the new situation during a Government law-building session on September 22.
Prime Minister Pham Minh Chinh addresses the event (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinhhas assigned urgent tasks to particular ministries and agencies to deal withcurrent economic difficulties in the new situation during a Government law-buildingsession on September 22.
The PM noted that the world economy is facing numerousdifficulties due to a growth slowdown and soaring inflation. The central banks ofthe US, the EU, the UK, and Japan have also moved to hike interest rates andappreciate their currencies, which has substantially affected other countries,including Vietnam
In the context, he asked ministries, sectors and localitiesto show strong performance in implementing Decree 15/CT-TTg on maintainingmacro-economic stability, reining in inflation, promoting development andensuring major economic balances.
He underlined the need to manage the monetary policy in a cautiousand steady manner, ensuring its activeness, flexibility and efficiency, along with an open,reasonable and efficient fiscal policy.
The PM requested the Ministry of Planning and Investment tokeep a close watch on the situation to make timely policy responses, whileworking to speed up the public investment capital disbursement for threenational target programmes and the economic recovery and development programme,and promote investment.
Illustrative image (Source: VNA)
The ministry was directed to ensure the security and safety of currency, credit, finance, public debt, food, energy and information, whilereviewing and completing institutions, mechanisms and legal policies to removeobstacles facing production and business activities.
Meanwhile, the Ministry of Agriculture and Rural Developmentwas asked to ensure absolute food security, speeding up agriculturalrestructuring and promote exports of farm produce.
The Ministry of Industry and Trade was urged to develop thedomestic market and expand international markets, ensuring energy security andstriving for trade surplus.
The Ministry of Labour, Invalids and Social Affairs wasassigned to make sure that the labour market develops in a sustainable, safe andeffective manner, while showing stronger performance in social welfareactivities.
The PM also asked media agencies to help promote solidarity and unity in the political system and call for the community’s support for the Party and State’spolicies and the Government’s management, contributing to the common efforts to overcome difficulties./.
Vietnam is staying active and maintaining stability with risk management tools and healthy competition amid global integration, said Prime Minister Pham Minh Chinh.
The Vietnam Socio-Economic Forum 2022, themed “Reinforcing macro-economic foundation, promoting sustainable recovery and development”, opened in Hanoi on September 18.
National Assembly (NA) Chairman Vuong Dinh Hue stressed the importance of maintaining macro-economic stability to strengthen the resilience of the economy while delivering a closing remark at the 2022 Socio-Economic Forum in Hanoi on September 18.
External inflation has begun to affect domestic production activities in both agriculture and industry. This is driving prices skyward, a major challenge for domestic businesses.
He also welcomed the “Vietnam Private Sector Panorama” as a platform for dialogue, awareness-raising, and inspiring a wealth-creation movement, emphasising that it must deliver tangible results.
During a meeting on August 10 in Seoul with 100 representatives from the RoK’s intellectuals, associations, people’s organisations, businesses, and non-governmental organisations operating in Vietnam, Party General Secretary To Lam expressed his gratitude to Korean friendship, economic, cultural associations, universities, research institutes, individuals, and NGOs for their significant contributions to nurturing the Vietnam–RoK relationship.
Party General Secretary To Lam met with Chairman of the Republic of Korea (RoK)–Vietnam Parliamentary Friendship Group Ahn Gyu-back in Seoul on August 10 as part of his state visit to the RoK.
The National Assembly (NA) Standing Committee is scheduled to convene its 48th session on August 11-13, with August 14-15 set as a backup date, according to the NA Office.
Vietnam’s Ambassador to Brazil and Bolivia Bui Van Nghi has led an embassy delegation to attend official events marking the 200th anniversary of Bolivia’s Independence Day.
Party General Secretary To Lam met with members of the Vietnam Innovation Network in Korea (VINK) and Vietnamese experts living and working in the Republic of Korea (RoK) in Seoul on August 10 as part of his state visit to the RoK.
In an interview with Korean media on the occasion of Party General Secretary To Lam’s state visit to the RoK, Deputy Prime Minister and Foreign Minister Bui Thanh Son affirmed that the visit demonstrates Vietnam’s strong resolve to further deepen the Comprehensive Strategic Partnership with the RoK, with the aim of fostering greater political trust, closer strategic coordination, more substantive and comprehensive cooperation, and stronger bonds of friendship between the two countries' people.
Prime Minister Pham Minh Chinh, who is also a Politburo member and Secretary of the Government Party Committee, attended the 4th Party Congress of the EVN Party Organisation for the 2025–2030 tenure on August 10, directing EVN to ensure power supply to meet the country’s development demands with double-digit growth set for the coming years.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, along with a high-ranking delegation of Vietnam arrived in Seongnam Air Base in Seoul on August 10 afternoon (local time), beginning a state visit to the Republic of Korea from August 10-13.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh addresses the event (Photo: VNA) 
Illustrative image (Source: VNA) 
