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Gov’t discuses monetary, fiscal policies, macroeconomic performance

VGP - Prime Minister Pham Minh Chinh on Tuesday chaired a meeting on monetary and fiscal policies, and macroeconomic performance amid global inflation hikes and growth slowdown.

December 06, 2022 8:13 PM GMT+7
Prime Ministers chairs meeting to discuss fiscal and monetary policy, macro-economy - Ảnh 1.

Prime Minister Pham Minh Chinh chairs a Permanent Government meeting on monitoring the fiscal and monetary policy and macro-economy in the last months of 2022 and early 2023, Ha Noi, December 6, 2022 - Photo: VGP

Participants to the event included Deputy Prime Minister Vu Duc Dam, Minister-Chairman of Government Office Tran Van Son, Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, Governor of the State Bank of Viet Nam Nguyen Thi Hong, Minister of Finance Ho Duc Phoc, Minister of Construction Nguyen Thanh Nghi, among others. 

Since October this year, the Government has set up a working group on credit liquidity led by Deputy Prime Minister Le Minh Khai, a working group on real estate market headed by Minister of Construction Nguyen Thanh Nghi and a working group on corporate bond overseen by Minister of Finance Ho Duc Phoc. 

The Prime Minister had three working sessions with trade representatives and diplomatic missions abroad to seek ways to expand export markets.

The Government's efforts over the recent months have resulted in positive signals seen in market confidence, stock market, and corporate bond market.

Addressing the event, the Government leader underlined the need to closely monitor the developments of the stock, corporate bond and real estate markets as well as capital demands of people and enterprises in order to take timely and effective interventions to ensure smooth operation of the economy.

He tasked Deputy Prime Minister Le Minh Khai to direct the establishment of a decree amending decrees relevant to the stock, bond and real estate markets.

Pham required the State Bank of Viet Nam to ensure stable credit liquidity, stabilize the development of the banking system and seek for measures to balance the exchange rate and interest rate.

The Government leader underscored the necessity to accelerate disbursement of public investment and practice thrift.

He also urged the Ministry of Finance to continue mulling over a proposal on reduction and extension of payment of taxes, fees and charges for businesses and people./.