Maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy are not only goals but also drivers and resources for development, Prime Minister Pham Minh Chinh highlighted while chairing the Government’s regular meeting on November 8.
The meeting, which was connected with all 34 provinces and cities nationwide, sought to assess the socio-economic development situation in October and the first 10 months of 2025, the allocation and disbursement of public investment capital, the implementation of national target programs, and many other important issues.
PM Pham Minh Chinh requested continued implementation of a proactive, flexible, timely, and effective monetary policy, closely coordinated with a reasonably expansionary, focused, and targeted fiscal policy and other policies.
Efforts should be concentrated on controlling inflation in line with the set targets, ensuring the value of the Vietnamese currency, and maintaining a balanced and reasonable relationship between growth and inflation in both the short and long terms. The fiscal policy should be implemented to further promote its role in driving growth, with the goal of State budget revenue exceeding 25 percent of the estimate, he said.
The Government leader also urged the close monitoring of market and price developments to ensure stability, particularly for goods and services under State management; the renewal of traditional growth drivers and strong promotion of new growth engines; the prompt, resolute, and effective implementation of newly issued key resolutions of the Politburo; and the swift completion of new resolutions concerning the state economic sector, foreign direct investment (FDI), and culture to submit to the Politburo in November.
Attention should be paid to promoting economic restructuring with a focus on improving growth quality and labor productivity; enhancing research, application of science and technology, innovation, digital transformation, green transition, and creative economy; and effectively implementing and operating the two-tier local administration model by developing job positions, assigning competent personnel, and ensuring connectivity of information, data, processes, procedures, decentralization, and delegation of authority, according to the PM.
In addition, it is essential to focus on removing obstacles and promptly implementing mechanisms and solutions to solve issues for nearly 3,000 pending projects before, during, and after the Politburo’s approval of related policies, he emphasized.
The PM also requested efforts to focus on disaster prevention and recovery from storms and floods, promote cultural and social development, ensure social security, and improve people’s living standards. These include the commencement of construction on nearly 100 new boarding and semi-boarding schools in border communes, the acceleration of social housing construction projects, and the strengthening of national defense and security to maintain social order and safety.
He highlighted the need to step up foreign affairs and international integration, accelerate the implementation and disbursement of capital for national target programs, and enhance the effectiveness of information and communication, especially policy communication, to multiply good models and practices, thereby fostering social consensus.
Assigning specific tasks to each ministry, sector, and locality, the Government leader requested the prompt completion of the national one-stop investment portal, or one-stop national investment promotion center project; the finalization of a decree on administrative penalties for violations in trade, production, and trafficking of counterfeit or prohibited goods, and for consumer protection; the preparation for the Spring Fair 2026; and the preparation and simultaneous inauguration or groundbreaking of projects and works on December 19, 2025, including the Lao Cai–Hanoi–Hai Phong railway project.
The PM also directed the drafting of a decree on assigning tasks and placing orders for the provision of industrial goods and services in the railway sector; the completion of a resolution on groundbreaking solutions to promote social housing development for the 2025–2026 period; the synchronous implementation of measures to have the European Commission’s ‘yellow card’ warning related to illegal, unreported, and unregulated (IUU) fishing in 2025 removed; and the development of a master plan to address storm and flood consequences in the central provinces.
Solidarity creates strength, and cooperation generates added value, while constant exchange and dialogue help strengthen trust and hope for shared development, PM Pham Minh Chinh stressed, calling on ministries, sectors, and localities to make every effort to accomplish the goals and tasks for 2025 and the entire 2021–2025 term and strive to obtain achievements to welcome the upcoming 14th National Party Congress.
