Prime Minister: Have a policy to respond to reciprocal taxes, study the model of duty-free ports

tăng trưởng - Ảnh 1. — Cargo ship docks at a seaport in Ho Chi Minh City - Photo: QUANG DINH

The telegram stated that since the beginning of 2025, the world situation has seen many new, complicated, and unpredictable developments, with more intense strategic competition between major countries, widespread trade wars, and declining world economic prospects, posing many difficulties and challenges.

Cut costs to support interest rates

Domestically, based on the reality and development requirements, according to the proposal of the Government and the Central Committee, the Politburo has concluded to adjust the growth target for 2025 to 8% or more and double digits in the following years, as a basis for the National Assembly and the Government to implement.

The Prime Minister requested to prioritize promoting growth along with macroeconomic stability, controlling inflation, and ensuring major balances. Pay special attention to closely following developments in the international and regional situation, responding to policies promptly, appropriately, and effectively. Immediately deploy flexible and effective adaptation solutions both in the short and long term to the new US tariff policy.

Adjust the growth scenario for the second quarter and the remaining quarters of 2025, ensuring the GDP growth target in 2025 reaches 8% or more. Review and assess the impact of the US's reciprocal tax policy on Vietnam; develop fiscal support policies for businesses and workers.

Banks cut costs and increase digital transformation to strive to reduce lending interest rates. Direct credit to production and business sectors, priority sectors, and growth drivers.

Promote short-term lending to support businesses affected by US tariff policies. Expand the scope and subjects participating in preferential credit packages for forestry, fishery, and wood products sectors affected by reciprocal tariff policies.

Focus on renewing and promoting growth drivers, including accelerating disbursement of public investment capital, effectively implementing the adjusted Power Plan 8, cutting administrative procedures, applying special mechanisms in granting mineral exploitation licenses...

Build an effective mechanism to selectively attract foreign investment, large-scale, high-tech FDI projects, and keep the environment clean. Urgently build a "National Investment One-Stop Portal" to be completed in May 2025, and a "Provincial Investment One-Stop Portal" after the establishment of a new province.

Effectively exploit FTAs, build free trade zones

Promote the implementation of solutions to connect supply and demand, linking production with distribution and consumption; encourage e-commerce platforms to implement preferential policies to promote the consumption of domestically produced goods, stimulate consumption, promote tourism...

Strengthen trade promotion, effectively exploit 17 signed free trade agreements (FTAs), promptly conclude negotiations and initiate negotiations, sign new FTAs with potential markets such as the Middle East, Africa, Latin America, Central Asia, Eastern Europe, India, Brazil, Pakistan, Egypt, etc.

Effectively implement policies on science and technology development, innovation, and national digital transformation. Including promoting the development of digital economy, green economy, circular economy, creative economy, sharing economy, emerging industries and fields such as: artificial intelligence, big data, cloud computing, new energy, biomedicine, cultural industry, entertainment industry, etc.

Building free trade zones in some key economic localities. Researching the "Duty Free Port" model to turn Vietnam into a major logistics center, promoting the distribution of goods via digital platforms.

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NGOC AN

Source: https://tuoitre.vn/thu-tuong-co-chinh-sach-ung-pho-thue-doi-ung-nghien-cuu-mo-hinh-cang-mien-thue-20250422164113062.htm