Ministry of Finance proposes measures to achieve growth above 10% in 2026

FinMinistry is finalizing a new growth scenario and adjusting fiscal and monetary policy to keep the growth target above 10% in 2026. The measures are expected to be implemented in the remaining quarters of the year. At a press conference held on April 9, 2026 in Hanoi, Deputy Minister of Finance Nguyen Duc Chi said the economy in Q1 did not meet the growth target due to having to respond to emergency situations. The Ministry is developing a new growth scenario and adjusting fiscal and monetary policies to fit the real context, in order to achieve a two-digit growth rate in 2026. The measures will be implemented in Q2, Q3, and Q4. According to Mr. Nguyen Duc Chi, the Ministry has reported and proposed many policies, including those related to fuel such as allocating budget to the price stabilization fund. If not implemented, the impact on the economy and people will be large. Therefore, to achieve the growth target above 10%, the Ministry is constructing a new scenario in which fiscal and monetary tools will be adjusted to suit the actual context. The solutions will be rolled out in the remaining quarters of the year. According to Mr. Dinh Xuan Ha, Deputy Director of the State Budget Department (NSNN), the GDP growth rate in Q1 2026 was estimated at 7.83% year over year. This increase is lower than the government’s Resolution 01 target (9.1%), but higher than Q1 2025 (7.05%). In a world full of volatility, this remains a notable result. Twenty-three localities grew by more than 8%, and four provinces reached two-digit growth: Ha Tinh, Ninh Binh, Hai Phong, and Hung Yen. Seven groups of measures to promote growth First, implement tasks in line with the conclusions of Central Conference 2, with 92 key tasks. Second, continue researching and proposing fiscal policies to support the economy, while strengthening anti-tax evasion, transfer pricing and tax avoidance. Third, flexibly manage the interest rate on government bond issuance, study new fundraising methods and diversify funding channels. Fourth, ministries and localities to cut 10% of current expenditures to reserve resources for social security. Fifth, accelerate disbursement of public investment, focusing on national key projects. Regarding public investment, Deputy Minister Chi said the framework and policies related to public investment have been reviewed and comprehensively adjusted, from decentralization and bidding to payment, settlement and planning, to facilitate project deployment. However, the reason lies in implementation; therefore, disbursement of public investment is identified as a pillar of growth. Agencies and units assigned must implement on schedule; failure will be evaluated as not meeting duties. The use of KPI indicators in evaluating officials will be deployed to improve accountability and execution efficiency. Sixth, the Ministry proposes policies to attract international investment funds and to develop diverse types of investment funds. In addition, in Q2, the tax authority will complete a mechanism to encourage FDI enterprises to reinvest profits in Vietnam. Seventh, deploy a crypto-asset exchange and develop a carbon-credit market to mobilize additional resources for growth. On growth prospects, Do Thi Ngoc, Deputy Director of the Statistics Department (Ministry of Finance), analyzed: the growth drivers in Q1 were mainly traditional factors such as exports, investment and domestic consumption. New drivers like science- and technology-based innovation have contributed but are not yet clear; more time is needed to realize their effects. To achieve growth for the year, the remaining quarters must achieve growth rates above 10%. Specifically, Q2 should reach 10.5%, Q3 10.6%, and Q4 10.44%. In the remaining three quarters, the main growth drivers include boosting public investment, stimulating domestic consumption through wage reforms and stimulus policies, along with flexible fiscal and monetary policy to support businesses. In addition, leveraging free trade agreements (FTAs) and tapping the potential of exporting industries are also important.