Prime Minister Pham Minh Chinh has issued an Official dispatch, setting forth directions for the coordination of fiscal and monetary policies, with a clear focus on sustaining macroeconomic stability while driving economic growth.
VOV.VN - Deputy General Director of the General Department of Taxation (GDT) Le Long on August 26 chaired a meeting reviewing the evaluation of tax management effectiveness using the Tax Administration Diagnostic Assessment Tool (TADAT), attended by the International Monetary Fund (IMF) delegation led by Patrick De Mets.
VOV.VN - Vietnam’s GDP expanded 7.56% in the first half of 2025, with Q2 growth reaching 7.67% despite numerous difficulties and challenges, showing targeted fiscal policy, controlled inflation and a continued trade surplus.
As Vietnam's economy is recovering from the COVID-19 pandemic but still faces many big challenges, the Ministry of Finance (MoF) has introduced a range of measures aimed at revitalising economic activity and mitigating the impact of global uncertainties.
Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.
Prime Minister Pham Minh Chinh on August 5 requested the continued implementation of a proactive, flexible, timely, effective monetary policy which has proven its efficiency in the past time.
VOV.VN - It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance Ho Duc Phoc.
The Government's drastic directions in financial and monetary management, and growth support in the first quarter of 2024 are a foundation helping Vietnam's economy overcome difficulties and achieve impressive growth amidst a variety of challenges of the world economy, according to economists.
As the room for the fiscal policy remains quite large, Vietnam in 2024 should continue to pursue the counter-cyclical fiscal policy, with a focus on increasing spending and maximising tax and fee exemption and reduction, to support economic growth, experts believe.
Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.