PM chairs Vietnam Business Forum

Prime Minister Pham Minh Chinh emphasized that ensuring major balances in the economy and healthy and sustainable development in all markets, especially the corporate bond, securities, and real estate markets, will be a focus of the government in 2023.

He made the statement at the fifth Vietnam Business Forum in Hanoi on December 17.

The government will continue to apply firm, flexible, and effective monetary policies next year in close association with fiscal policies and other policies to ensure actual needs are met.

He said that foreign exchange and interest rates will be managed to suit actual circumstances and conditions, while monetary policy tools will be optimized to ensure the supply of credit to the economy, with a focus on priority areas.

Meanwhile, a balance will be found between inflation control and economic growth along with strong liquidity and suitable credit growth and the removal of bottlenecks facing capital flows, he said.

The government will continue to speed up the reform of administrative procedures on taxation, offer tax support policies, and tighten the management of finances and the State budget, he added.

Greater effort will be made in social welfare, fighting corruption, and maintaining political stability and social order as well as security and defense, while external relations and international integration will be enhanced.

The Prime Minister noted that 2023 will continue to see complex and unpredictable developments in the world and internally.

He asked ministries, sectors, and localities to continue to drastically implement directions from the Party, the National Assembly, and the government regarding socioeconomic development while offering active and timely policy responses.

Ministries and sectors must consider the matters of the people and businesses as their own, he said.

The government leader also emphasized the need to continue perfecting institutions and policies and promoting the growth of the digital, green, and circular economies in line with climate change response, and enhancing the effectiveness of planning activities and human resources training.

The fifth Vietnam Business Forum, chaired by the Prime Minister, attracted more than 1,000 delegates, who are leaders of central and local agencies, ministries and sectors, representatives of international organizations and embassies, leaders of businesses and associations and domestic, and international analysts.