Phoc expressed his pleasure at the recent positive development of Vietnam–France relations across various fields, noting that France became the first EU country to establish a comprehensive strategic partnership framework with Vietnam during Party General Secretary and State President To Lam’s official visit to France in October 2024.
The S&P experts expressed a belief that with such strong institutional reforms and a dynamic policy agenda, Vietnam’s economy is poised for rapid growth, and its sovereign credit rating will see further improvement in the near future.
Deputy PM Ho Duc Phoc lauded the sides’ agreement to kick off negotiations on a reciprocal trade deal. He confirmed Vietnam’s readiness to engage in talks and urged both parties to accelerate discussions to reach an agreement at the earliest opportunity, contributing to stable and sustainable bilateral economic and trade ties that benefit their businesses and people.
US Trade Representative Jamieson Greer said the reciprocal trade agreement should include arrangements on tariffs and proposed that technical-level representatives from both countries start discussions immediately.
The Deputy PM also called on the American Chamber of Commerce (AmCham) in Vietnam and the US-ASEAN Business Council to convey the message of goodwill from the Vietnamese Government and business community to President Donald Trump’s administration to foster effective talks that could further reinforce the Vietnam-US comprehensive strategic partnership.
Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.
Over 218 tonnes of rice from the national reserves will be allocated to the north mountainous province of Tuyen Quang to assist needy residents during the Tet (traditional Lunar New Year) Festival.
Deputy Prime Minister Ho Duc Phoc spoke to the Vietnam News Agency (VNA) about the outstanding results in implementing financial and budgetary tasks in 2024 as well as solutions for 2025.
Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.
Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
In a move to restructure the credit institution system and tackle bad debts, the State Bank of Vietnam (SBV) has announced the mandatory transfer of two major banks.
Various members of the German Association of Small- and Medium-Sized Businesses (BVMW International) have pointed to potential for cooperation between Vietnam and Germany in labour supply.
Deputy Prime Minister Ho Duc Phoc on September 23 met with Liu Ning, Secretary of the Communist Party of China (CPC) Committee of the Guangxi Zhuang Autonomous Region and Chairman of the Standing Committee of the region's People's Congress.
