Prime Minister Pham Minh Chinh on February 8 signed Official Dispatch No. 12/CD-TTg, outlining key tasks and solutions for the management of monetary and fiscal policies in 2026, the Vietnam News Agency has reported.
The Ministry of Finance was tasked with leading and coordinating with relevant ministries, agencies and localities to pursue a reasonably expansionary fiscal policy with clear priorities, effectively tapping fiscal policy space to closely and flexibly coordinate with monetary policy and other macroeconomic policies.
The ministry was also requested to effectively mobilise domestic and foreign investment resources; make prudent use of public debt and deficit headroom to issue government bonds for key projects; intensify efforts to attract large-scale, high-tech FDI projects; and strongly develop capital markets, including putting the international financial centre in Ho Chi Minh City and Da Nang city into official operation in February so as to help mobilise medium- and long-term capital and ease pressure on short-term bank funding.
More efforts are needed to promptly and effectively implement the Resolution on piloting a digital asset exchange, as well as the scheme on the establishment and development of the carbon market in Vietnam, as approved by the Government and the PM.
The PM also urged conducting a comprehensive review and assessment of the current operations of small- and medium-sized enterprises (SMEs), promptly identifying difficulties and bottlenecks related to institutions, policies and administrative procedures, in order to propose practical, feasible and effective support measures. Particular attention should be given to studying mechanisms and policies to facilitate SMEs’ access to finance and credit.
It is necessary to expedite the research and completion of the National Investment One-Stop Portal, and report to the PM by February 25.
The SBV was assigned to manage monetary policy in a proactive, flexible, timely and effective manner, closely monitoring inflation, exchange rates, interest rates and liquidity to manage policy tools smoothly, with clear roadmaps, in line with macroeconomic developments and policy objectives. Credit growth should be managed appropriately, transparently announced, and adjusted in line with economic conditions, while ensuring credit flows into production, priority sectors and growth drivers, and controlling risks in vulnerable areas.
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