HCMC – Prime Minister Pham Minh Chinh has told the State Bank of Vietnam to expand soft loan packages to support the forestry, fisheries, and wood processing sectors impacted by the new U.S. tariff policy.
Under a new directive, the Prime Minister also called for close monitoring of international developments and timely policy responses to changing the U.S. tariff policy, reported the Government news website (baochinhphu.vn).
The State Bank of Vietnam is tasked with managing exchange rates and interest rates flexibly, lowering lending rates, and ensuring stable credit conditions for businesses impacted by U.S. tariffs. The central bank is also expected to accelerate the rollout of a credit package for homebuyers under 35, as well as a VND500-trillion loan package for infrastructure and technology investment, and extend support to more sectors.
The Ministry of Finance has been directed to assess the effects of the new U.S. trade policy on the Vietnamese economy and propose fiscal support for affected companies and workers by the end of April. It is also working on a draft resolution on economic development and the state budget, to be submitted to the Government by April 25.
Provinces and cities that missed their first-quarter economic growth targets must coordinate with the Ministry of Finance to identify causes and suggest measures for improvement for the rest of the year.
Chinh urged authorities to accelerate public investment disbursement, especially for the 2026-2030 period, and limit the number of projects using the central budget to 3,000. The Government is also seeking to speed up the implementation of the revised National Power Development Plan VIII.
The Ministry of Construction is tasked with promoting domestic consumption of locally produced building materials and designing model housing for low-income and substandard housing replacement.
