Government Resolution: Focus on implementing four core principles for economic growth

The Government issued Resolution No. 89/NQ-CP on 5 April 2026, following the regular March 2026 Government meeting and the Government conference with localities. The resolution focuses on implementing four core principles for economic growth, while requiring steadfast adherence to macroeconomic stability and mobilizing more resources for development.

In the morning of 4 April, Prime Minister Pham Minh Chinh chaired the Government’s regular March 2026 meeting and the online conference with localities. The Government said macroeconomic and social indicators for March and the first quarter of 2026 showed positive results—better than the previous month and the same period last year—creating momentum for progress in April, Q2, and the period ahead.

The Government noted that macroeconomic conditions remain fundamentally stable, inflation is controlled, growth is accelerating, and major balances of the economy are preserved. It estimated that Q1 2026 GDP rose by 7.83% year-on-year, and that 23 of 34 localities achieved GRDP growth of 8% or higher.

Resolution No. 89/NQ-CP: April, Q2 and next steps

While acknowledging opportunities and favorable conditions, the resolution also states that challenges and difficulties are more numerous. It requests Ministers, heads of ministerial-level agencies, and chairpersons of provincial People’s Committees to monitor closely and focus on implementing the four core principles for macroeconomic growth highlighted by the General Secretary at the Second Central Committee meeting.

Authorities are asked to maintain a high sense of responsibility, determination, and decisive action; thoroughly review assigned tasks; promptly complete overdue items; address obstacles; and respond effectively to emerging issues.

Key priorities emphasized for implementation

The resolution highlights the following content for April, Q2, and the time ahead:

• Disseminate and implement the Government’s action program to carry out the Party’s 14th Congress resolutions and related central and local directives, ensuring timely and high-quality proposals for the Party’s leadership bodies and the Government in 2026.

• Maintain macroeconomic stability, strengthen resource mobilization for development, monitor global developments, respond flexibly to policy changes, and ensure inflation control and major macro balances; manage monetary policy actively and flexibly in coordination with fiscal and other macro policies.

• Accelerate disbursement of public investment and ensure 100% of the 2026 capital plan is disbursed as assigned; monitor monthly progress and prioritize energy, transport, inter-provincial connectivity, and national-scale programs.

• Promote traditional growth drivers and vigorously exploit new growth drivers; modernize key industries (energy, machinery, new materials, chemicals); develop supporting industries; advance the International Financial Center in Vietnam; accelerate trade agreement negotiations; broaden export markets and supply chains; develop domestic demand; and push consumer stimulation programs.

• Optimize the effectiveness of Government Steering Committees and Task Forces; remove obstacles; resolve stalled projects; and complete high-priority tasks by Q3 2026, including progress toward the “Dong Khanh Campaign” for highway projects.

• Ensure national energy security and reliable electricity, fuel, and essential goods supply in all situations; proactively respond to global risks; promote energy efficiency; and support green energy transitions.

• Complete the social housing initiative of at least 1 million units; advance social welfare and health and living standards; complete the social housing framework; and implement related campaigns to support vulnerable groups.

• Reinforce national defense and security; protect sovereignty; ensure energy and data security; combat smuggling, fraud, and intellectual property violations; and sustain international engagement and policy communication to build public consensus.

• Implement administrative reform with the target of a 50% reduction in processing time and compliance costs in 2026 compared with 2024, including simplifying access to business operations and reducing unnecessary licensing.

• Reinforce administrative discipline and governance by reviewing and updating working regulations and reporting to the Government for approval.

Overall aim

The resolution’s stated objective is to accelerate growth while maintaining macro stability and advancing structural reform across sectors.