HCMC – The Prime Minister has urged the Ministry of Finance to consider measures to secure funds for economic development, including a plan to issue VND100 trillion in bonds to finance projects of strategic significance, reported the local media.
This instruction was given during the Government’s regular meeting on September 7, where PM Chinh emphasized the need for policies that support macroeconomic stability, drive growth, and control inflation.
The Government aims to achieve higher economic growth in 2024 and 2025 to offset the slower growth experienced over the past three years.
To support this, Chinh instructed the State Bank of Vietnam to stabilize foreign exchange rates, lower lending rates, and enhance lending to priority sectors, targeting annual credit growth of 15% this year.
Chinh also urged state-owned enterprises to take a more active role in investing in large-scale projects across key sectors and called for resolving issues with struggling enterprises, projects and banks.
The Ministry of Transport has been tasked with expediting the development of three railway lines connecting Vietnam to China and providing updates on the North-South express railway and urban railways in Hanoi and HCMC.
