Prime Minister Pham Minh Chinh chairs a meeting between permanent Cabinet members and commercial banks (Photo: Nhat Bac/ VGP)

Underlining that 2025 is an important year for progressing and achieving the goals set for the 2021-2025 period, PM Chinh said the Government has targeted at least 8% growth this year, setting the stage for double-digit growth in the coming years. This momentum is key to reaching the goals set to mark the 100th founding anniversary of the Communist Party of Vietnam in 2030 and the 100th anniversary Vietnam’s establishment in 2045.

He asked the participants to carefully examine the difficulties, challenges, and opportunities ahead, and to propose solutions that harness the banking sector to revitalize traditional growth drivers such as investment, export, and consumption, and boost new engines for the economy.

The PM requested feedback on Government management, particularly regarding institutions. He also underlined the need for the Government, ministries, and sectors to identify their roles, responsibilities, timelines, and deliverables to support the banking sector’s growth.

PM Chinh stressed the need to leverage the banking sector as a catalyst to unlock potential, capitalize on opportunities, and build a competitive edge to fuel the nation's economic growth.