Global and Domestic Challenges

The global economy is currently facing significant hurdles, including trade wars, geopolitical tensions, and potential supply chain disruptions. Domestically, Vietnam is grappling with extreme weather conditions that threaten agricultural output and energy supply.

Government's Strategic Response

In light of these challenges, the Vietnamese government has underscored the importance of maintaining macroeconomic stability and controlling inflation. Ministries and local authorities are urged to overcome obstacles and leverage opportunities to meet the ambitious 8% GDP growth target.

Support Measures for Businesses

To counteract the impact of U.S. tariffs, the Ministry of Finance is developing support measures for affected businesses and workers, alongside proposing an extension of the value-added tax reduction until the end of 2026.

Financial and Industrial Strategies

The State Bank of Vietnam is focusing on flexible exchange rate management and prioritizing credit for production sectors. Meanwhile, the Ministry of Industry and Trade is addressing power plan bottlenecks to ensure energy stability.

Boosting Tourism and Simplifying Procedures

The tourism sector is preparing for a dynamic summer campaign, aiming to enhance domestic travel. Additionally, the government is streamlining administrative procedures to facilitate business operations.