Vietnam has updated its growth scenarios and key solutions for H2 2026, with a GDP growth target of 10 per cent or higher while maintaining macroeconomic stability.
The new resolution mandates continuing fiscal policy management in a ‘focused and targeted expansionary’ direction.
It requires continued improvement of the business investment environment and a sharp reduction in administrative procedures.
The government has directed the Ministry of Finance to submit a proposal soon to flexibly adjust tax regulations on gasoline and jet fuel in accordance with global energy price fluctuations.
The ministry must complete the allocation of the 2025 central budget revenue surplus and the medium-term public investment plan for the 2026-2030 period by July and improve the institutional framework for capital market development.
The resolution requires ministries, agencies and localities to disburse cent per cent of the capital plan assigned for 2026. Project owners must develop detailed disbursement schedules on a weekly, monthly, and quarterly basis, while continuing to link the accountability of heads of organisations with disbursement results.
It calls for tightened financial discipline, thorough savings on regular expenditures, the cutting of non-essential costs and a definitive resolution to delays in budget estimation and allocation, according to domestic media outlets.
It requires the central bank to proactively and flexibly manage policies to stabilise interest rates, ensure system liquidity and maintain stability in the money and foreign exchange markets.
The SBV is also tasked with controlling credit in high-risk sectors while prioritising capital for key national projects and new growth drivers.
The resolution devotes significant attention to promoting production, investment and growth drivers.
The government requires continued improvement of the business investment environment and a sharp reduction in administrative procedures, particularly in quarantine, import-export and logistics.
The government also wants urgent removal of bottlenecks for delayed projects across all economic sectors.
Fibre2Fashion News Desk (DS)
