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Economic growth

Prime Minister Pham Minh Chinh Directs Fiscal and Monetary Policies to Meet Economic Growth Targets

Strategic Insights

— 1 min read

Prime Minister Pham Minh Chinh has signed a telegram directing the implementation of fiscal and monetary policies to improve their effectiveness and meet the capital needs of the economy. The Prime Minister has set several key tasks and solutions to achieve economic growth targets in 2025, aiming for a growth rate of 8.3-8.5%.

Key Takeaways:

  • The Ministry of Finance is responsible for implementing a reasonable, focused, and effective fiscal policy, ensuring efficiency in tax institutions and policies, and promoting digital conversion.
  • The Ministry of Finance aims to increase state budget revenue by at least 25% in 2025 compared to the estimate, and thoroughly save spending, reviewing and reducing unnecessary expenditures.
  • The Ministry of Finance will urgently complete the Politburo reports on the operation of the Steering Committee for the project to remove difficulties for foreign investment projects, and propose solutions to attract large-scale, high-tech FDI projects.
  • The Ministry of Planning and Investment will focus on speeding up the implementation of key and large-scale infrastructure projects, and removing difficulties and obstacles on site clearance and supply of construction materials.
  • The Ministry of Finance will take advantage of public debt and budget deficit to mobilize more resources for investment in transportation works and projects, digital infrastructure, medical infrastructure, education, culture, sports, and projects with large spread.

Statistics:

  • 25% increase in state budget revenue in 2025 compared to the estimate.
  • 8.3-8.5% growth rate target for the economy in 2025.
  • 100% of public investment disbursement at ministries, agencies, and localities.
  • 2025 as the target year for completing the Legal Framework Project mobilizing financial resources to promote the country's economic development.
  • September 10, 2025, as the deadline for completing the specialist reports on the operation of the Steering Committee for the project to remove difficulties for foreign investment projects.

Sources:

  • Telegram No. 159/CD -TTg dated September 7, 2025, signed by Prime Minister Pham Minh Chinh.
  • Government website: [www.gov.vn](http://www.gov.vn)

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