Government aims to further reduce interest rates

Further reducing mid- and long-term lending interest rates is a priority task, the Government says in the resolution of its regular monthly meeting for March.
Further reducing mid- and long-term lending interest rates is apriority task, the Government says in the resolution of its regularmonthly meeting for March.

The State Bank isrequired to try and reduce the interest rate by 1-1.5 percent usingmarket tools, while continuing with a proactive and flexible monetarypolicy. The Government also emphasizes that foreign exchange managementshould be based on the ultimate goal of macroeconomic stability, fullytaking into account the impacts of foreign exchange rate onimport-export, inflation and public debt. At the same time, strongmeasures should continue to be taken to restructure the system of creditorganisations and settle bad debts.

The Ministryof Planning and Investment is tasked with speeding up the disbursementof investment capital from the State budget, Government bonds, OfficialDevelopment Assistance (ODA), foreign direct investment (FDI) andPublic-Private Partnership (PPP) sources.

Meanwhile, the Ministry of Finance is to follow the developments ofworld oil price and have plans in place to respond accordingly in aproactive manner. The ministry should intensify inspections to discoverand strictly punish such illegal activities as tax evasion and pricingtransfer with a view to curbing tax losses. Management of State budgetwill be tightened to ensure effective and economically spending, whiledebt payment will be carried out in line with budget estimates.Attention will be paid to restructuring the securities and insurancemarket in order to enhance their roles in mobilizing mid- and long-termcapital for development investment.

The Ministryof Finance is tasked to work with the Ministry of Industry and Trade toseek tax solutions to ensure the country fulfils commitments onimport-export tariff reduction while still protecting and promotingdomestic production.

The Ministry of Industryand Trade is told to work on expanding markets for local exports,especially farm and fishery products.

Allministries, agencies and local administrations are instructed to workharder in implementing the government resolution 19/NQ-CP dated March12, 2015 on main tasks and solutions to improve business environment andlifting national competitive capacity in 2015-2016.

The resolution also urges relevant ministries and agencies to continuewith efforts in dealing with outstanding issues such as the prolongeddrought in the central and Central Highlands regions and hospitaloverload, besides implementing the yearly working plans in theirrespective fields./.

See more

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.