The Vietnamese government has mandated a series of urgent economic measures to ensure the nation achieves a growth target of 10% or higher by 2026. According to official government directives, ministries and local authorities are tasked with accelerating public investment, stabilizing monetary policy, and streamlining administrative procedures to bolster domestic production and international trade, while simultaneously preparing for a base salary increase effective July 1, 2026.
Fiscal Policy and Public Investment Targets
The Ministry of Finance must submit proposals for flexible adjustments to fuel tax regulations by June 2026 to better reflect global price fluctuations. As part of the government’s broader fiscal strategy, the Ministry is required to define the medium-term public investment plan for the 2026–2030 period by July 15, 2026. Furthermore, the government has ordered all agencies and local governments to prioritize the full disbursement of allocated public investment capital, aiming for 100% completion within the 2026 fiscal year. These measures are designed to provide the necessary liquidity and funding to support the scheduled increase in the national base salary.
Monetary Policy and Market Stabilization
The State Bank of Vietnam (SBV) has been instructed to manage monetary policy with increased flexibility to control inflation and support double-digit economic growth. According to government guidelines, the SBV will focus on stabilizing interest rates and ensuring liquidity within the banking system. This includes evaluating the potential to increase the share of State Treasury term deposits in commercial banks to supplement available capital. These efforts are intended to maintain a stable currency and monetary environment amidst global economic volatility.
Infrastructure and Real Estate Development
To address project bottlenecks, the government has ordered an immediate review of stalled national projects. Key infrastructure developments, including urban railway lines in Hanoi and Ho Chi Minh City, the North-South high-speed rail, and the construction of Gia Binh International Airport, are under strict mandates to accelerate progress. Additionally, major cities such as Hanoi, Hai Phong, and Da Nang are required to identify specific land allocations for rental housing developments targeted at industrial park workers. This initiative aims to foster a sustainable and secure real estate market that supports the country’s manufacturing and economic zones.
Trade Promotion and Consumer Demand
The Ministry of Industry and Trade is currently coordinating efforts to stimulate domestic consumption and expand export markets. Following the government’s Resolution No. 88/NQ-CP, authorities are promoting the “Vietnamese people prioritize using Vietnamese products” campaign. Internationally, the government is focusing on diversifying export destinations, with specific strategies being developed for the Chinese and Indian markets. Regarding trade relations with the United States, the Ministry continues to engage in negotiations concerning Section 301 investigations, aiming to establish an equitable and balanced trade framework.
Energy Security and Digital Transformation
Energy management remains a priority, with the Ministry of Industry and Trade overseeing the implementation of the revised Power Development Plan VIII. The government has set a target of reducing total national electricity consumption by at least 3% by 2026. Simultaneously, the government is pushing for the completion of 12 key national databases by the third quarter of 2026. These efforts, which cover sectors such as healthcare, education, and social security, are intended to synchronize national data systems and improve administrative efficiency across all government levels.
Key Takeaways
- Growth Goal: The government aims for a 10% or higher growth rate by 2026.
- Salary Adjustments: Funding for a base salary increase is secured for implementation on July 1, 2026.
- Infrastructure: Urgent resolution of delays is required for national projects, including rail and airport expansions.
- Digital Infrastructure: Completion of 12 key national databases is slated for the third quarter of 2026.
- Energy Savings: A minimum 3% reduction in national electricity consumption is mandated by 2026.
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