Finance Minister: Loans should be concentrated on key projects
Minister of Finance Dinh Tien Dung pointed out shortcomings in public debt management and put forth solutions to overcome in the coming time while answering questions raised by lawmakers at the fourth session of the 14th National Assembly in Hanoi on November 16.
Hanoi (VNA) – Minister of Finance Dinh Tien Dung pointedout shortcomings in public debt management and put forth solutions to overcomein the coming time while answering questions raised by lawmakers at the fourthsession of the 14th National Assembly in Hanoi on November 16. Dung said it is necessary to map out a roadmap to gradually reduceoverspending to ensure public debt safety. Under the NA’s Resolution 25 on the five-year mid-term financial planfor 2016-2020, the legislature set a target of keeping public debt, governmentdebt and foreign debt not exceed 65 percent, 54 percent and 50 percent of thegross domestic product (GDP), respectively, he elaborated. The minister said the NA is discussing to adopt the revised Law on PublicDebt Management, adding that the Ministry of Finance has proposed the Governmentpromulgate decrees on enhancing the management of public debt and strengtheningcoordination between ministries and sectors in managing official developmentassistance (ODA).
More than ever, it is necessary to concentrate loans on key projects andgradually control growth of public debt and reduce State budget over-expenditure,he stressed.
“Controlling overspending is of importance,which means controlling growth of public debt and public debt ceiling,” hesaid, stressing the need to tighten the Government’s guarantees.
☂ It is also a must to pay debt on time, strictlycontrol public investment, and improve a legal framework for investment,bidding, inspection and audit, Dung added.-VNA
National Assembly Chairwoman Nguyen Thi Kim Ngan asked NA deputies to uphold a high sense of responsibility as well as the spirit of solidarity and democracy to make the fourth plenary session of the 14th NA a success.
The Government should set out a roadmap in order to ensure economic growth is stable, legislators said on the sidelines of the ongoing fourth sitting of the 14th National Assembly in Hanoi on October 31.
The Government will keep State budget overspending not to exceed 3.5 percent of GDP and less than 178 trillion VND (7.8 billion USD) as set by the National Assembly.
Lawmakers concluded their discussions on socio-economic development and state budget and allocation on Nov 2 after two and a half days, as part of the fourth sitting of the 14th National Assembly.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Minister of Finance Dinh Tien Dung (Photo VNA)
