On the afternoon of January 6th in Hanoi, Prime Minister Pham Minh Chinh attended the conference summarizing the financial sector's performance in 2025 and outlining tasks for 2026, organized by the Ministry of Finance. At the event, the head of government emphasized that 2026 must be a year of significant turning point, especially with the target of double-digit growth set.
The Prime Minister issued a 24-word motto for action for the entire sector:
"Aspiration for strength and prosperity – Pioneering institutions – Efficient governance – Leading digitalization – Breakthrough revenue and expenditure – Sustainable finance" .
The finance sector needs to "think deeply, act big" to remove bottlenecks in the economy.
According to the Prime Minister, the Finance sector needs to maintain a leading Vai through long-term thinking, decisive action, and the ability to coordinate macroeconomic policies. In particular, institutional factors have been identified as bottlenecks that need to be addressed promptly, with a new approach: not just "managing," but aiming to create a development ecosystem for businesses and the people.
Simultaneously, the Prime Minister requested that the administrative apparatus from the central to local levels use efficiency as a benchmark, accelerate digitalization, and build a data-driven, transparent, and modern financial system.
Eight key task groups for 2026
To achieve high growth targets and create significant changes, the Prime Minister requested the Centralized Finance on eight major task groups:
1. Innovate thinking and improve institutions.
The Ministry of Finance needs to take the lead in legal reform, transforming institutions from "barriers" into driving forces, and fulfilling Vai as a comprehensive advisor and coordinator of macroeconomic policies.
2. Implement a flexible and focused fiscal policy.
Promote expansionary fiscal policy at a reasonable level while still ensuring national financial security.
3. Promoting the development of household businesses into enterprises.
The Prime Minister highly appreciated the "60-day intensive campaign" which helped provide tax support to more than 2.3 million business households and suggested timely commendation, while also building a mechanism for business households to transform into enterprises.
4. Accelerate the disbursement of public investment, considering it a driver of growth.
The Prime Minister emphasized the principle of "Capital waiting for projects, not letting projects wait for Capital," setting a target of 100% disbursement of public investment Capital , focusing on strategic projects such as:
North-South High-Speed Railway
3 railway lines connecting China
Nuclear power project
Underground, offshore, and space development projects such as land reclamation and metro systems…
5. Effectively manage public assets and support the two-tiered local government model.
Promote decentralization and delegation of power in the spirit of: "Local authorities decide, local authorities act, local authorities are responsible," especially in strategic infrastructure projects.
6. Promote the private sector and improve the efficiency of state-owned enterprises.
Strongly implement Resolution 68-NQ/TW and Resolution 198 of the National Assembly, strengthen market confidence so that people and businesses dare to invest. At the same time, have policies to help small and medium-sized enterprises grow stronger and participate in global value chain .
7. Promote science and technology and digital transformation, prioritizing investment in human resources.
The Prime Minister requested that resources be prioritized for education and training, healthcare, and areas aimed at improving the quality of human resources. Specifically, before January 15th , the Ministry of Finance must grant licenses to businesses participating in the cryptocurrency market pilot program (Sandbox) as per regulations. Simultaneously, the national single-window mechanism for investment must be urgently implemented.
8. Policy communication must be one step ahead.
The Prime Minister emphasized that communication efforts need to be proactive and timely to create social consensus, helping people and businesses understand and support policies.
"Double-digit growth is a mountain to conquer."
Recognizing that achieving double-digit growth in 2026 and subsequent years is a major challenge, the Prime Minister emphasized that the most important thing is aspiration , and that aspiration must be translated into concrete action.
He emphasized the need for clear enforcement based on principles:
Clearly defined roles, tasks, timelines, responsibilities, authority, and expected results; completing each task thoroughly ; and especially: "What is said must be done, commitments must be fulfilled, and work must yield concrete results."
The Prime Minister expressed confidence that the Finance sector will continue to uphold its traditions and core Vai , making a significant contribution to driving the economy's breakthrough in the new phase.
