Southeast Asia Information Port News (www.dnyxxg.com) – On February 8th, Vietnamese Prime Minister Pham Minh Chinh issued an official notice outlining the key tasks and solutions for monetary and fiscal policy regulation in 2026 to all ministries, ministerial-level agencies, government agencies, People's Committees of provinces and centrally administered cities, and state-owned groups and corporations. This notice was formulated based on the requirements of a policy regulation meeting chaired by Prime Minister Pham Minh Chinh on January 30th, which emphasized that the Ministry of Finance, the State Bank of Vietnam, and relevant ministries and agencies must comprehensively, decisively, and efficiently implement all regulatory measures.
The Ministry of Finance, as the leading department for fiscal policy implementation, will collaborate with relevant units to rationally implement expansionary fiscal policies, flexibly coordinating with monetary policy and other macroeconomic policies, anchoring the core objectives of promoting growth, stabilizing the macroeconomy, and controlling inflation, ensuring that the economy operates within a reasonable range and that public debt and fiscal deficits are kept within permissible limits. Meanwhile, the Ministry of Finance will efficiently mobilize domestic and international resources, issue government bonds to guarantee the construction of key projects, and intensify efforts to attract large-scale, high-tech foreign direct investment; promote the robust and sustainable development of the capital market, ensure the Ho Chi Minh City and Da Nang International Financial Centers are operational as scheduled in February 2026, and broaden medium- and long-term financing channels for the economy. In addition, the Ministry of Finance will implement the resolution on the pilot program for the cryptocurrency market, promote the establishment and development of the carbon market, address bottlenecks in systems, policies, and administrative procedures, introduce financing and credit support policies for SMEs, improve the "National Investment Single Window Portal," and lead the formulation of five-year medium-term plans for socio-economic development, national finance, public debt repayment, and public investment from 2026 to 2030, submitting them to the Standing Committee of the National Assembly for review according to procedures.
The State Bank of Vietnam will lead the implementation of flexible, precise, and timely monetary policy, closely monitor inflation, exchange rates, interest rates, and market liquidity trends, comprehensively utilize various monetary policy tools, stabilize exchange rate and interest rate levels, and increase foreign exchange reserves. In terms of credit management, the government will maintain reasonable credit growth and implement transparent management, strengthening inspection, supervision, and risk control. Credit funds will be guided towards production and operation, priority development areas, and sectors driving economic growth. Credit allocation to high-risk areas will be strictly controlled. Special credit policies will be introduced to support production and operation, people's livelihoods, and employment, assisting the development of small and medium-sized enterprises (SMEs) and individual businesses, and promoting the construction of affordable housing. Simultaneously, the State Bank of Vietnam will accelerate the improvement of policy reports on the mobilization of private foreign exchange and gold bar resources, and the research and evaluation report on the establishment of the National Gold Exchange. It will proactively and promptly release information on financial, monetary, foreign exchange, and gold market regulation, implementing precise policy adjustments based on a stable macroeconomy, controlled inflation, and positive results in attracting foreign direct investment.
The Ministry of Industry and Trade, in conjunction with relevant ministries, agencies, and localities, will strengthen trade promotion efforts, diversify export markets, expand export volume, fully utilize the 17 signed free trade agreements, and steadily advance negotiations on new free trade agreements. At the same time, it will proactively formulate and implement energy security measures to comprehensively ensure stable electricity and fuel supplies and prevent shortages under any circumstances.
The Vietnamese government has made it clear that all other departments, agencies, provinces, cities, and state-owned enterprises must strictly adhere to their respective responsibilities and earnestly fulfill their tasks related to policy regulation, thus forming a concerted effort in policy implementation. (End)
