Prime Minister requests to maintain stability of gold market

Boosting lending to support businesses affected by tariffs

In the Official Dispatch on a number of key tasks and solutions to promote economic growth in 2025, the Prime Minister requested ministries, agencies and localities to proactively follow developments in the international and regional situation, respond with timely, appropriate and effective policies, proactively develop response scenarios, and avoid being passive or surprised. In particular, it is necessary to immediately deploy flexible and effective adaptation solutions both in the short and long term to the new US tariff policy.

The Ministry of Finance shall preside over and coordinate with relevant agencies to review and assess the impact of the US reciprocal tax policy on Vietnam; develop fiscal support policies for businesses and workers in industries and sectors affected by the US tariff policy, and report to competent authorities in April 2025.

The State Bank is assigned to closely monitor the international and regional situation and policy adjustments of major economies. Effectively use management tools to regulate exchange rates and interest rates appropriately to meet the capital needs of the economy. Maintain stability in the monetary, foreign exchange, and gold markets and the safety of the credit institution system.

The State Bank continues to direct credit institutions to reduce costs and promote 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.

Prime Minister requests to promote short-term lending to support businesses affected by tariff policies

Urgently research and call on banks to urgently join hands to build preferential credit packages for people under 35 years old to buy houses, a preferential credit package of about 500,000 billion VND for enterprises investing in infrastructure and digital technology with long-term loans. Expand the scope and subjects participating in the preferential credit package for the forestry, fishery and wooden furniture sectors affected by the US reciprocal tariff policy.

Maximize social resources for development

In the telegram, the Prime Minister also assigned the Ministry of Finance to preside over and coordinate with relevant agencies to develop a plan to mobilize maximum resources from the state, businesses and people for development investment. Take advantage of the space for public debt and state budget deficit to mobilize resources for development.

Work with ADB to prepare projects on infrastructure investment, climate change adaptation and green growth.

Urgently complete the Private Economic Development Project and submit it to competent authorities for consideration and decision, including developing breakthrough solutions and appropriate and feasible policy mechanisms to encourage, promote, and create a favorable and equal investment and business environment for private economic development.

State corporations and groups continue to improve the efficiency of production and business activities, management capacity and human resource quality; focus on investing in large, focused and key projects that have spillover effects, create momentum and promote socio-economic development.

Source: https://baohatinh.vn/thu-tuong-yeu-cau-giu-vung-on-dinh-thi-truong-vang-post286467.html