Resolution 122/NQ-CP requires ministries, branches and localities to continue to strive to achieve the highest socio-economic development goals in 2024, in which priority is given to promoting growth associated with maintaining macroeconomic stability, focusing on controlling inflation, ensuring major balances of the economy.

Ministries, agencies and localities, according to their assigned functions, tasks and powers, closely monitor developments, do a good job of analysis and forecasting, have timely policy responses, avoid being passive and surprised; closely and harmoniously coordinate proactive, flexible, timely and effective monetary policies with reasonable, focused and key expansionary fiscal policies and other macroeconomic policies, ensuring control of the 2024 target inflation below 4.5% as set out.

Grasp the market situation, balance supply and demand, and commodity prices to have timely and appropriate solutions, avoid shortages, supply disruptions, and sudden price increases, especially for gasoline, oil, food, and other essential goods. Proactively assess the impact on inflation, calculate, and prepare plans and roadmaps to adjust prices of goods and services managed by the State when there is room and conditions allow, at appropriate levels and times, not all at the same time. Strengthen inspection and supervision of declaration, listing, and disclosure of price information; strictly handle acts of speculation, hoarding, price increases, and price manipulation, etc.

The Government requires ministries, branches and localities to continue to thoroughly cut regular expenditures to reserve for development investment and social security expenditures, including strictly implementing the requirement to save 5% of regular expenditures in 2024; resolutely cut regular expenditure estimates that have been assigned but have not been allocated by June 30, 2024 in accordance with Resolution No. 82/NQ-CP dated June 5, 2024 of the Government. Effectively implement policies to extend tax payment deadlines, land use fees, reduce value-added tax rates, and reduce fees and charges that have been issued.

Promote credit growth, especially for production and business sectors.

The Government assigned the State Bank of Vietnam to preside over and coordinate with relevant agencies to effectively use management tools to regulate exchange rates and interest rates in accordance with the developments of the macro-economic situation and the set goals, stabilize the monetary and foreign exchange markets; strengthen inspection, examination, and control of bad debt risks, improve credit quality, and ensure the safety of credit institutions' operations. Continue to direct commercial banks to reduce operating costs, enhance the application of information technology, and digital transformation to reduce lending interest rates, promote credit growth, especially for production and business sectors, priority sectors, and growth drivers.

The Ministry of Planning and Investment and the Ministry of Finance, based on their assigned functions and tasks, shall urgently preside over and coordinate with ministries, agencies and localities to develop a Report assessing the implementation of the socio-economic development plan, public investment plan and state budget estimate for 2024, and the projected socio-economic development plan, public investment plan and state budget estimate for 2025, clarifying options and scenarios to report to the Government for comments before reporting to the Politburo, the Central Committee and the National Assembly; proactively assess and prepare contents to develop the socio-economic development plan, the national 5-year financial plan, and the medium-term public investment plan for the period 2026 - 2030, ensuring quality and progress to report to competent authorities as prescribed.

Strongly promote disbursement of public investment capital

The Government requested ministries, branches and localities to strongly promote the disbursement of public investment capital, implement three national target programs, and progress key and important national projects; encourage private investment and foreign direct investment.

Specifically, ministries, agencies and localities, according to their assigned functions, tasks and powers, will accelerate the disbursement of public investment capital, especially ODA capital and foreign preferential loans, for important national transport works and projects, airports, seaports, highways, inter-regional and inter-provincial projects; use public investment to activate and lead private investment, promote public-private partnership. Accelerate the construction progress of the expressway system, striving to put about 3,000 km into operation by 2025.

Take the 500kV Circuit 3 Project as a typical model of drastic direction and management, implementing "5 determinations" and "5 guarantees" to promote disbursement of capital plan in 2024, especially for localities assigned large public investment plan capital such as Ho Chi Minh City, Quang Ninh, Dong Nai, Bac Ninh... and 33 ministries, 25 localities with disbursement rates lower than the whole country.

Regularly monitor the detailed disbursement plan and targets for each project to focus on direction; closely follow weather developments, develop plans to prevent natural disasters and floods, organize appropriate construction solutions, and ensure approved progress. Timely transfer capital from tasks and projects that are not eligible for disbursement or disbursement is slow to supplement tasks and projects that are capable of disbursement quickly and need additional capital according to regulations, ensuring the principle of focus, key points, and concentration on urgent projects and expressway projects. Urgently complete investment preparation for projects expected to start construction at the end of 2024. Resolutely handle cases of intentional delay in progress of capital assignment, implementation, and disbursement, negativity, corruption, loss, and waste.

Promote exports, control imports, develop domestic markets

The Government requires ministries, sectors and localities to focus on developing the domestic market, enhancing trade promotion, stimulating consumption, actively responding to the campaign "Vietnamese people prioritize using Vietnamese goods"; promoting the distribution of goods through digital platforms and e-commerce. Boosting exports, especially for key products with competitive advantages and to large, potential markets.

Direct functional forces to combat and strictly handle acts of smuggling, trade fraud, and counterfeit goods, including acts of counterfeiting codes of growing areas and codes of packaging facilities for Vietnamese exported goods, and prevent organizations and individuals from cheating on origin and evading trade defense measures.

The Government assigned the Ministry of Industry and Trade to preside over and coordinate with relevant agencies and localities to maximize opportunities from key and strategic export markets and signed Free Trade Agreements (FTAs); promote negotiations and signing of new FTAs ​​to boost exports. Timely provide information and support businesses to quickly meet new standards of export partner countries; maximize and effectively take advantage of recovery opportunities from large and traditional markets and export opportunities for key product groups of our country, especially agricultural products.

Timely solutions to manage, regulate, promote production, stabilize supply and demand of energy products, firmly ensure national energy security, and provide sufficient electricity and gasoline in all situations. Effectively organize and implement the National Power Development Plan for the period 2021 - 2030, with a vision to 2050.

The Ministry of Agriculture and Rural Development shall preside over and coordinate with agencies and localities to strengthen regulation and organization of agricultural production according to regional planning; effectively implement solutions to ensure national food security...