Prime Minister Pham Minh Chinh, head of the Government Steering Committee for Macroeconomic Management and Administration, outlined key tasks and solutions to create strong momentum for growth in 2026 and the entire 2026–2030 period while chairing the committee’s second meeting in Hanoi on January 26.
He called for proactive, flexible and effective responses based on clearly grasping developments. He directed the continued implementation of an expanded but focused fiscal policy, with appropriate tax and fee measures to support development, especially the double-digit growth target, alongside measures to increase revenues, reduce expenditures, and prioritise spending on defence, security, growth drivers and social welfare. Monetary policy should be managed proactively, flexibly, timely and effectively, with close coordination between fiscal and monetary policies so that they reinforce one another.
The Government leader also underscored the need to strengthen fiscal and budgetary discipline, ensure accurate and timely revenue collection, expand the tax base and combat revenue losses, especially in e-commerce and services, while continuing tax and fee reductions and extensions to support people and businesses, particularly small- and medium-sized enterprises. Available room on public debt and overspending should be used prudently to mobilise resources for investment in national priority projects and areas such as science, technology, innovation and digital transformation.
The Prime Minister also directed efforts to develop stable and healthy stock and corporate bond markets, manage interest rates and exchange rates in line with macroeconomic conditions, stabilise the Vietnamese dong (VND), continuously renew traditional growth drivers, and vigorously promoting new ones. He also stressed the importance of promoting public investment disbursement, attracting high-quality FDI, accelerating green transition, ensuring food security, stabilising markets and prices, and intensifying the fight against smuggling, trade fraud and counterfeit goods.
Last year, Vietnam recorded encouraging economic results, with inflation kept under control at 3.31%, macroeconomic stability consolidated, major economic balances safeguarded, and GDP growth reaching 8.02%.
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