Among the directives, the Prime Minister emphasized the need to explore raising approximately 100 trillion VND (over $4 billion) through bonds to finance critical infrastructure projects.

The Prime Minister highlighted the positive achievements of the first eight months of 2024, noting progress in macroeconomic stability, growth, inflation control, and fiscal balance.

With the potential to exceed 15 out of 15 key economic and social targets for the year, the government aims to address persistent challenges and drive forward with its development agenda.

To support this, the Prime Minister instructed the Ministry of Finance to enhance revenue collection, tighten expenditure, and implement electronic invoicing from cash registers.

Additionally, there is a call for improving public investment disbursement, addressing delays in project execution, and boosting innovation and technology adoption.

The Prime Minister also underscored the need for a focus on growth by increasing efforts to drive economic expansion in 2024 and 2025.

The State Bank of Vietnam is tasked with stabilizing the exchange rate, reducing lending rates, and increasing credit access, targeting a 15% growth in credit for the year.

Key sectors for investment include new growth drivers, such as high-tech industries, green transition, digital economy, and circular economy. Special attention will be given to infrastructure projects, including the development of railways connecting with China and the high-speed North-South railway.

The Prime Minister has directed the Ministry of Natural Resources and Environment to review and streamline administrative procedures related to land use and resolve issues concerning land prices and project implementation.

Additionally, efforts will be made to complete administrative unit restructuring and develop a semiconductor industry strategy by the end of the year.

As Vietnam continues to navigate economic and infrastructural challenges, the government's focus remains on fostering sustainable growth and leveraging all available resources to achieve long-term development goals.

Thu Hang