AsemconnectVietnam - The Government has just issued Resolution 168/NQ-CP updating the growth scenario and key solutions for the remaining months of 2026, which requires the Ministry of Finance to urgently submit a plan for flexible adjustment of gasoline and aviation fuel taxes according to world price fluctuations, while simultaneously implementing a comprehensive set of fiscal, monetary, and public investment solutions to realize the growth target of 10% or more.

On June 27, the Government issued Resolution No. 168/NQ-CP on updating the growth scenario and key solutions for the remaining quarters of 2026 to achieve the GDP growth target of 10% or more while maintaining macroeconomic stability.
According to the Government, although the Vietnamese economy continued to record many positive results in the first half of the year, with many indicators reaching their highest levels in many years and terms, and receiving positive assessments from international organizations, the double-digit growth target still faces many challenges, especially the impact from fluctuations in the global economy and conflicts in the Middle East.
Expanding policy space to promote growth
One of the notable contents of the resolution is the requirement to continue managing fiscal policy in a focused and targeted expansionary direction to support growth.
The Government assigned the Ministry of Finance to urgently submit to the Government in June a plan to flexibly adjust some regulations on taxes on gasoline and aviation fuel to suit the developments in world energy prices. Simultaneously, in July, the allocation of increased central government revenue for 2025, as well as the medium-term public investment plan for the 2026-2030 period, must be completed, ensuring the funds for the basic salary increase from July 1, 2026.
In addition, the Ministry of Finance is tasked with continuing to improve the institutional framework to develop the capital market, submitting amendments to the Securities Law to the National Assembly at the October 2026 session, and researching new financial products to attract international capital flows into an international financial center in Vietnam.
Regarding public investment, the Government requires ministries, sectors, and localities to disburse 100% of the allocated capital plan in 2026. Project owners must develop detailed disbursement scenarios on a weekly, monthly, and quarterly basis; and continue to hold heads of departments accountable for disbursement results.
Alongside promoting investment, the resolution calls for tightening financial discipline, thoroughly saving on recurrent expenditures, cutting unnecessary spending, and decisively addressing the issue of delayed budget allocation.
In the monetary field, the Government requires the State Bank of Vietnam to proactively and flexibly manage policies to stabilize interest rates, ensure system liquidity, maintain stability in the money and foreign exchange markets, contribute to controlling inflation while supporting growth targets.
The State Bank of Vietnam is also tasked with controlling credit to sectors with potential risks, while prioritizing capital for key national projects and new growth drivers; studying adjustments to credit limits, and strictly dealing with the abuse of growth limits to raise lending interest rates.
Notably, the Government continues to request research on increasing the ratio of time deposits of the State Treasury at commercial banks to increase liquidity for the banking system, thereby strengthening coordination between fiscal and monetary policies. Removing bottlenecks, promoting new growth drivers
Besides macroeconomic management solutions, the resolution allocates significant space to promoting production, investment, and growth drivers.
Accordingly, the Government requests continued improvement of the investment and business environment, significant reduction of administrative procedures, especially in the areas of quarantine, import and export, and logistics; and regular dialogue with businesses to promptly resolve difficulties in accordance with the spirit of Resolution 68 of the Politburo.
For the industrial sector, the Ministry of Industry and Trade is tasked with accelerating mineral and rare earth mining projects linked to deep processing; increasing oil and gas exploitation for power generation; Developing key mechanical engineering industries, especially the railway industry, manufacturing locomotives, carriages, signaling systems, and electrification equipment.
In the infrastructure sector, the Ministry of Construction is required to coordinate with localities to accelerate the progress of key transportation projects; proactively address obstacles related to construction materials, establish a mechanism for coordinating inter-regional supply sources, and remove difficulties in licensing the exploitation of material mines serving public investment.
The Government also requested the urgent removal of obstacles for key national projects such as the Hanoi and Ho Chi Minh City urban railways, railway lines connecting China, and some sections of the North-South high-speed railway line, etc.
The government also urgently requested the removal of obstacles to slow-moving projects across all economic sectors, especially key national projects such as the Hanoi and Ho Chi Minh City urban railways, railway lines connecting to China, some sections of the North-South high-speed railway, Gia Binh International Airport, the expansion of Phu Quoc, Chu Lai, and Ca Mau airports, and many other long-standing stalled projects.
In parallel with infrastructure investment, the resolution aims to develop the real estate market in a safe, healthy, and sustainable manner; promoting the development of social housing and rental housing associated with industrial parks and economic zones in key localities such as Hanoi, Ho Chi Minh City, Hai Phong, Dong Nai, Quang Ninh, Bac Ninh, Hung Yen, and Ninh Binh.
In the trade and services sector, the Ministry of Industry and Trade is tasked with implementing programs to stimulate domestic consumption, promoting digital transformation in trade promotion, regularly organizing national-scale trade fairs, and strengthening control over counterfeit goods, smuggling, and trade fraud.
For tourism, the Government requires continued restructuring of the international tourist market, effectively exploiting markets in Northeast Asia, Southeast Asia, India, and the Asia-Pacific region; developing tourism products that combine trade and services to increase spending and extend the length of stay of tourists.
In the agricultural sector, the Ministry of Agriculture and Environment is tasked with supporting localities in overcoming difficulties in exporting agricultural, forestry, and aquatic products, especially durian and other key products; and simultaneously accelerating the issuance of planting area codes and packaging facility codes to meet the traceability requirements of importing markets.
To ensure macroeconomic stability, the Government requires ministries and agencies to carefully calculate the price adjustment roadmap for state-managed goods, strictly control inflation; ensure sufficient supply of gasoline, oil, and electricity in all situations, and proactively develop scenarios to respond to adverse weather developments.
In addition, ministries and agencies must accelerate the development of a digital government, complete the connection of national databases, develop strategic technology sectors, build a set of criteria for evaluating officials based on KPIs, complete the competency framework for officials at the commune and ward levels, and continue to review and improve the legal system to create new room for growth in the coming period.
The government also urgently requested the removal of obstacles in key national projects such as the Hanoi and Ho Chi Minh City urban railways, railway lines connecting to China, and some sections of the North-South high-speed railway line.
The government also urgently requested the removal of obstacles in slow-moving projects across all economic sectors, especially key national projects such as the Hanoi and Ho Chi Minh City urban railways, railway lines connecting to China, some sections of the North-South high-speed railway line, Gia Binh International Airport, the expansion of Phu Quoc, Chu Lai, and Ca Mau airports, and many other long-standing stalled projects.
In parallel with infrastructure investment, the resolution aims to develop the real estate market in a safe, healthy, and sustainable direction; promoting the development of social housing and rental housing associated with industrial parks and economic zones in key localities such as Hanoi, Ho Chi Minh City, Hai Phong, Dong Nai, Quang Ninh, Bac Ninh, Hung Yen, and Ninh Binh.
In the trade and services sector, the Ministry of Industry and Trade is tasked with implementing programs to stimulate domestic consumption, promoting digital transformation in trade promotion, regularly organizing national-scale trade fairs, and strengthening control over counterfeit goods, smuggling, and trade fraud.
For tourism, the Government requires continued restructuring of the international tourist market, effectively exploiting markets in Northeast Asia, Southeast Asia, India, and the Asia-Pacific region; developing tourism products that combine trade and services to increase spending and extend the length of stay of tourists.
In the agricultural sector, the Ministry of Agriculture and Environment is tasked with supporting localities in overcoming difficulties in exporting agricultural, forestry, and aquatic products, especially durian and other key products; and simultaneously accelerating the issuance of planting area codes and packaging facility codes to meet the traceability requirements of importing markets.
To ensure macroeconomic stability, the Government requires ministries and agencies to carefully calculate the price adjustment roadmap for state-managed goods, strictly control inflation; ensure sufficient supply of gasoline, oil, and electricity in all situations, and proactively develop scenarios to respond to adverse weather developments.
In addition, ministries and agencies must accelerate the development of a digital government, complete the connection of national databases, develop strategic technology sectors, build a set of criteria for evaluating officials based on KPIs, complete the competency framework for officials at the commune and ward levels, and continue to review and improve the legal system to create new room for growth in the coming period.
CK
Source: VITIC/vneconomy.vn