PM outlines tasks to fulfil 2026 economic growth target

Prime Minister Pham Minh Chinh on January 24 signed an urgent dispatch outlining key tasks and solutions to drive economic growth in 2026.

To effectively implement the 2026 socio-economic development plan, the Prime Minister called on ministries, agencies, local authorities, and State-owned corporations to strictly and urgently carry out the Government’s assigned measures.

The Ministry of Finance was tasked with continuing policies on tax reductions and extensions, as well as land rental fee adjustments, to support people and businesses, particularly small and medium-sized enterprises.

The Prime Minister also called for stronger efforts to develop the stock market and corporate bond market in a stable, safe, and transparent manner, with the aim of gradually transforming them into effective channels for mobilising medium- and long-term capital to support high growth targets in the coming years.

Meanwhile, the State Bank of Vietnam (SBV) was directed to implement a proactive, flexible, timely, and effective monetary policy, closely aligned with an appropriately expansionary fiscal policy and other macroeconomic measures. Monetary instruments—particularly exchange rates, interest rates, and credit—must be managed flexibly to ensure the safe and stable operation of the monetary and banking systems, thereby supporting production, trade, job creation, and investment attraction.

The Prime Minister also instructed the SBV to urgently propose the establishment of a national gold exchange and submit the plan to standing members of the Government in January.

He emphasized the need to strengthen traditional growth drivers,  with investment as a central pillar. Ministries, sectors, and localities were ordered to finalise the 2026 public investment plan promptly, accelerate disbursement from the start of the year, and strive for a 100% disbursement rate of the allocated capital.

On the export front, the Prime Minister called for intensified trade promotion, market diversification, and more effective use of signed free trade agreements, while expanding into new markets. He also urged concerted efforts to secure the removal of the European Commission’s “yellow card” warning on illegal, unreported, and unregulated (IUU) fishing by April 2026.

The National Assembly targeted 10% GDP growth for 2026.