Accelerating key tasks and solutions to achieve Vietnam’s 2026 economic growth targets.
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The year 2026 holds significant importance as it marks the first year of implementing the 5-year Socio-Economic Development Plan (2026-2030), ushering in a new era of national development. To successfully fulfill the resolutions of the 14th National Party Congress, the Prime Minister has urged ministries, agencies, localities, corporations, and state-owned enterprises to vigorously and effectively implement the tasks and solutions outlined in Resolution No. 01/NQ-CP dated January 8, 2026. This includes closely monitoring domestic and international developments, enhancing analytical and forecasting capabilities, and ensuring flexible and timely policy responses to avoid any surprises. Key focus areas include:
1. Ministry of Finance to lead and coordinate with relevant ministries and agencies in drafting the Government’s Action Program for implementing the 14th National Party Congress resolutions, to be submitted to the Government by February 5, 2026.
2. Fiscal and Monetary Policy Management
a) Ministry of Finance to continue implementing an expansionary fiscal policy with focus and coordination with monetary and other macroeconomic policies, including:
- Strengthening financial discipline, ensuring timely tax collection, broadening the tax base, and combating tax evasion, especially in e-commerce, catering, and retail. Aiming for a 10% increase in state budget revenue in 2026 compared to 2025.
- Continuing tax reductions and deferrals to support citizens and businesses, particularly SMEs.
- Effectively utilizing public debt and deficit margins to mobilize resources for investment, including issuing government bonds for key national projects in technology, innovation, and digital transformation.
- Implementing measures to stabilize the stock and corporate bond markets, making them efficient medium and long-term capital mobilization channels for double-digit growth.
b) State Bank of Vietnam to proactively manage monetary policy, ensuring coordination with fiscal policy to promote growth, macroeconomic stability, inflation control, and balance of payments. This includes:
- Managing interest rates and exchange rates in line with macroeconomic conditions, stabilizing the Vietnamese Dong, and directing credit towards production, priority sectors, and growth drivers. Continuing government-led credit programs, especially for social housing, infrastructure, and digital technology.
- Addressing weak financial institutions, restructuring special-controlled banks, and enhancing bad debt resolution.
- Completing the proposal for a national gold trading exchange by January 2026.
c) State-Owned Enterprises to enhance governance and operational efficiency, targeting a minimum 10% growth in output or revenue in 2026, and expediting key infrastructure projects.
3. Revitalizing Traditional Growth Drivers (Investment, Consumption, Exports)
a) Investment
- Ministries and Localities to finalize the 2026 capital plans for national target programs by February 2026, ensure timely public investment disbursement, and attract large-scale, high-tech FDI projects. Establishing a National Investment Portal by February 2026.
- Ministry of Construction to upgrade highways, accelerate social housing projects, and advance key transportation infrastructure, including the Lao Cai-Hanoi-Haiphong railway and Long Thanh International Airport.
- Ministry of Agriculture and Environment to promote sustainable agricultural practices, ensure food security, and support farmers with inputs and market information.
b) Consumption
- Implementing demand stimulation measures, promoting Vietnamese products, ensuring market stability, and enhancing consumer protection. Organizing a successful Spring Fair in early February 2026.
c) Exports
- Diversifying export markets, leveraging FTAs, and addressing IUU fishing issues to lift the EU’s “yellow card” by April 2026.
4. Harnessing New Growth Drivers
- Ministry of Science and Technology to accelerate innovation and digital transformation projects.
- Ministry of Education to develop world-class universities and strategic research programs.
- Ministry of Finance to establish the International Financial Center in Ho Chi Minh City and Da Nang.
- Ministry of Public Security to create a regulatory framework for data innovation by January 2026.
5. Deputy Prime Ministers to oversee the implementation of these directives within their respective domains.
6. Government Office to monitor progress and report to the Prime Minister on any issues beyond its authority.
– 08:26 25/01/2026
