Stronger efforts needed to remove business barriers, promote exports
VOV.VN - Prime Minister Pham Minh Chinh has issued a directive, requesting ministries, agencies, and localities to maintain macroeconomic stability and promote exports, especially as businesses are affected by the United States’ reciprocal tax policies.
The directive dated November 19, 2025, emphasises the priority of maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances, creating a favourable investment and business environment, promoting fast and sustainable growth, and removing obstacles to support businesses in the export sector.
The State Bank of Vietnam is tasked with implementing proactive, flexible, and effective monetary policies, controlling credit flows toward production, business, and priority sectors, while managing exchange rates and interest rates appropriately to facilitate business operations.
The Ministry of Industry and Trade is required to actively promote exports, especially at the end of the year and the beginning of the new year, while implementing trade promotion measures, diversifying markets, products, and supply chains. The ministry is also responsible for accelerating negotiations and signing bilateral and multilateral free trade agreements with potential partners such as the Guld Cooperation Council (GCC), Pakistan, Egypt, Southern Common Market (MERCOSUR), and Algeria, and for providing enhanced support to Vietnamese enterprises through overseas trade offices.
The Ministry of Finance is asked to review and adjust export and import tax rates in line with Vietnam’s integration roadmap and to research and propose specific support measures for businesses affected by the US reciprocal tax policies, to be completed by November 2025. It will also direct customs authorities to strictly control product quality and prevent counterfeit goods, origin fraud, and intellectual property violations.
The Ministry of Agriculture and Environment is responsible for implementing measures to combat IUU fishing, remove the “Yellow Card” warning, invest in fisheries infrastructure, apply digital transformation, build agricultural product brands and traceability systems, and promote market access for Vietnam’s key agricultural and fruit products.
The Ministry of Foreign Affairs is tasked with supporting enterprises in connecting with foreign markets and promoting FTA negotiations, particularly with countries of the Gulf Cooperation Council.
Local authorities are expected to proactively identify difficulties and obstacles in production and export activities, propose timely solutions, and guide farmers and processing enterprises to organise production, packaging, and shipment efficiently to avoid congestion and adverse impacts.
Businesses are required to develop flexible production, trading, and export-import plans, enhance technology application, improve product quality and branding, and diversify markets, products, and supply chains.
The directive emphasises a common strategy to boost exports at the end of the year to meet demand during Christmas and New Year, resolve issues with existing FTAs, accelerate signing new FTAs with potential markets, and coordinate fiscal, monetary, and other macroeconomic policies effectively to control inflation and facilitate business operations.