Prime Minister Pham Minh Chinh has instructed ministries, agencies and localities to assess the current situation and develop response scenarios to recent global developments, aiming to achieve the targeted GDP growth rate of 10% this year.
He made the request at a March 4 meeting of the Government’s standing members with ministries and relevant agencies to review socio-economic performance in the first two months of 2026.
The meeting took place amid rapidly evolving global developments in February, including new US tariff policies and escalating military tensions in the Middle East. These factors have disrupted maritime and air transport, affected global supply chains, and caused fluctuations in oil and liquefied natural gas (LNG) prices.
The Prime Minister called on participants to focus discussions on evaluating socio-economic performance in January and February, identifying priority orientations for the coming period, assessing policy responses to global developments, and proposing appropriate governance scenarios to ensure proactive and effective management.
He also urged the formulation of key tasks and solutions for March, the first quarter and the longer term, including breakthrough measures to secure double-digit growth and accelerate public investment disbursement.
According to the Government’s assessment, Vietnam’s socio-economic situation in February and the first two months of the year maintained a positive trajectory, with most sectors recording better results than in the same period last year.
Macroeconomic stability was maintained, inflation remained under control, and major economic balances were ensured. The average Consumer Price Index (CPI) in the first two months rose 3% year-on-year. The monetary market and exchange rates were broadly stable, while public debt, Government debt and national external debt stayed well below statutory ceilings.
Foreign direct investment (FDI) inflows showed strong growth. Newly registered FDI reached more than $3.5 billion, up 61.5% from a year earlier, while disbursed FDI totaled $3.2 billion, marking an 8.8% increase year-on-year.
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