PM requests economic stimulation, inflation control
Prime Minister Nguyen Xuan Phuc has called for the continued study of fiscal and monetary policies to stimulate the country’s economy while ensuring macro-economic stability and inflation control.
Prime Minister Nguyen Xuan Phuc (middle) at the event (Photo: VNA)
Hanoi (VNA) - Prime Minister Nguyen XuanPhuc has called for the continued study of fiscal and monetary policies tostimulate the country’s economy while ensuring macro-economic stability and inflationcontrol.
ౠ Concluding the regular Government session onsocio-economic affairs on September 4, the PM directed localities to speed upthe progress of public investment capital disbursement, cut lending rates, boost exports,stimulate domestic consumption, and attract social investment.
Because of COVID-19, further attention must be paid tothe digital economy and strategy, and the restructuring ofmanufacturing and agriculture and rural development towards building aself-sufficient economy with less reliance on imported materials, he said.
♒ He assigned the Government, ministries, agencies, andlocalities, particularly major cities such as Hanoi and HCM City, tocontinue removing difficulties for businesses and effectively implement existing aid packages.
The State Bank of Vietnam (SBV) must soon amend CircularNo 01 to enable more people to delay debt repayments, thus preventing a surgein bad debts. He once again asked ministries, particularly theMinistry of Planning and Investment, to tap into opportunities from shifting supplychains and investment flows to attract selected FDI. Localities were advised to flexibly adjust planning onindustrial parks (IPs) and release a list of those with clear land andinfrastructure. Inorder to continue stimulating the domestic market. The PM urged the issuing of policiesrelating to domestic tourism, retail, transportation, lodging andaccommodation, health care, and education.
TheSBV was asked to complete a project and Decree on fintech (financialtechnology) regulations, bank lending, and electronic verification. TheMinistry of Information and Communications must soon submit a report on pilotingmobile money services, while the Ministry of Public Security must furtherhasten the progress of building a national personal identity database.
෴ Regarding the resumption of commercial flights, he reiterated the need toprevent the pandemic from spreading. The Ministry of Health must propose aquarantine plan for experts, investors, and skilled workers coming to Vietnam./.
The Vietnamese Embassy in Cairo held an event on September 1 to introduce the culture and image of Vietnamese people to local friends on the occasion of the 75th National Day of Vietnam.
The Saigon Children’s Charity organisation (Saigonchildren) said on September 3 that it has raised over 10 billion VND (434,000 USD) from domestic and foreign entities and individuals, equivalent to over 7,000 aid packages since April.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.
Prime Minister Nguyen Xuan Phuc has urged Government members to find substantial economic stimulus measures to achieve the highest possible economic growth rate this year.
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.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
Prime Minister Nguyen Xuan Phuc (middle) at the event (Photo: VNA) 
