Prime Minister Pham Minh Chinh requested the State Bank of Vietnam to urgently complete the report to the Standing Committee of the Government on the research, evaluation, and XEM of the proposal to establish a national gold exchange/trading floor, without further delay.
Prime Minister Pham Minh Chinh has just signed and issued Official Dispatch No. 12/CD-TTg dated February 8, 2026, on a number of key tasks and solutions for managing monetary and fiscal policies in 2026.
Prime Minister's directive: To Ministers, Heads of ministerial-level agencies and government agencies; Chairpersons of People's Committees of provinces and centrally-administered cities; Chairpersons and General Directors of state-owned corporations and companies.
The official dispatch states: On January 30, 2026, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired a meeting on solutions for managing monetary policy, fiscal policy, and other policies in 2026. Prime Minister Pham Minh Chinh gave the following directives:
The Ministry of Finance, the State Bank of Vietnam, and other relevant ministries and agencies shall seriously, fully, decisively, and effectively implement the tasks assigned in Notice No. 53/TB-VPCP dated January 30, 2026, on the conclusions of the Prime Minister, Head of the Government Steering Committee on macroeconomic management and administration, at the second meeting of the Steering Committee, and related directives on macroeconomic management and administration; focusing on the following tasks and solutions:
Urgently research and finalize the "National Single Window for Investment".
1. The Ministry of Finance shall preside over and coordinate with relevant ministries, agencies, and localities:
a) To manage expansionary fiscal policy rationally, with a focus on key areas; to effectively utilize the fiscal policy space to support and coordinate closely, flexibly, and effectively with monetary policy and other macroeconomic policies to achieve the goal of continuing to prioritize promoting growth while maintaining macroeconomic stability, controlling inflation, and ensuring major balances, public debt, and budget deficit remain within prescribed limits.
b) Effectively implement solutions to mobilize domestic and foreign investment resources; utilize the remaining public debt and budget deficit within safe limits to mobilize resources and issue government bonds to invest in key projects; strengthen the promotion and attraction of large-scale, high-tech FDI projects; develop the Capital market (stock market, corporate bond market) strongly, efficiently, and sustainably, and bring the International Financial Center into official operation in February 2026 in Ho Chi Minh City and Da Nang), creating a channel for mobilizing medium- and long-term Capital for the economy, reducing pressure on short-term Capital sources of the banking system.
c) Urgently and effectively implement the Resolution on piloting a cryptocurrency exchange and the Project on establishing and developing a carbon market in Vietnam, which have been approved by the Government and the Prime Minister.
d) Review and assess the current state of operations of small and medium-sized enterprises (SMEs) in the market, promptly identify difficulties and obstacles related to institutions, policies, and administrative procedures… in order to develop feasible, effective, and practical support solutions, focusing on researching mechanisms and policies to support SMEs in accessing finance and credit.
d) Urgently research and finalize the "National Single Window for Investment," and report to the Prime Minister before February 25, 2026.
e) Proactively prepare reports on the Socio-Economic Development Plan, the National Financial Plan, the Public Debt Borrowing and Repayment Plan, and the 5-year Medium-Term Public Investment Plan for the period 2026-2030, to be submitted to the Standing Committee of the National Assembly and the National Assembly.
Complete the application dossier for the establishment of a national gold exchange/brokerage, without further delay.
2. The State Bank of Vietnam shall preside over and coordinate with relevant ministries, agencies, and localities:
a) Actively, flexibly, promptly, and effectively manage monetary policy; closely monitor developments in inflation, exchange rates, interest rates, liquidation, etc., to proactively, flexibly, promptly, effectively, and smoothly manage monetary policy tools without causing shocks or abrupt changes, following a roadmap that is consistent with macroeconomic developments, the size of the economy, and monetary policy objectives. Continue implementing measures to stabilize exchange rates, interest rates, and increase foreign exchange reserves.
b) Manage credit growth at an appropriate level, in a transparent and open manner, and make timely adjustments depending on macroeconomic and market developments.
Strengthen inspection, supervision, and risk control; direct credit institutions to promote safe and effective credit growth, channeling credit Capital into production and business sectors, priority sectors, and growth drivers; control credit in sectors with potential risks; research and implement immediate, appropriate, and effective credit solutions to support production and business, create livelihoods for people, support small and medium-sized enterprises, business households, and sectors related to social housing.
c) Urgently finalize the report on researching solutions for mobilizing foreign currency and gold bars to attract foreign currency and gold bars from the public, as directed by the Government leaders in document No. 74/VPCP-KTTH dated January 8, 2026.
d) Urgently finalize the report to the Standing Committee of the Government on the research, evaluation, and XEM of the proposal to establish a national gold exchange/brokerage, without further delay.
d) Proactively and promptly provide official, public, and transparent information on policies and strategies for managing and operating the financial, monetary, foreign exchange, and gold markets; building on the foundation of macroeconomic stability; controlled inflation; strong growth; ensured major economic balances (revenue, expenditure, exports, imports, energy, employment); effective control of budget deficit, public debt, and foreign debt; and achieving record levels of investment Capital and, especially, FDI disbursement in 2025 and January 2026 compared to the same period…
3. The Ministry of Industry and Trade shall preside over and coordinate with relevant ministries, agencies, and localities:
a) Strengthen trade promotion, diversify markets, and boost exports; effectively utilize the 17 signed free trade agreements and negotiate new free trade agreements.
b) Proactively implement solutions to ensure energy security, preventing electricity and fuel shortages under all circumstances.
4. The Ministry of Agriculture and Environment shall preside over and coordinate with relevant ministries, agencies, and localities to implement solutions focused on promoting agricultural production; ensuring a balance between supply and demand for food items, especially essential food items.
5. Ministries, agencies, provinces, cities, and localities according to their assigned functions and tasks:
a) Effectively implement solutions to develop production and business, promote exports, develop the domestic market, stimulate consumer demand, promote trade, and attract investment Capital .
b) Accelerate the disbursement of public investment Capital from the beginning of 2026, especially for key national projects; resolutely implement solutions to achieve the target of 100% public investment disbursement in 2026 as assigned by the Prime Minister.
c) Ensure a balance between supply and demand for goods, proactively monitor and closely track price fluctuations of essential goods, especially food, energy, etc., in order to promptly take appropriate measures to manage, regulate, and stabilize the market; strictly handle violations of price laws.
6. State-owned corporations and general companies should focus on effectively and decisively implementing production, business, and import/export plans efficiently and flexibly; playing a leading Vai in improving production and business efficiency, building brands, enhancing product quality and competitiveness, and focusing on developing and diversifying markets, products, and supply chain ; striving to achieve a production or revenue growth of 10% or more in 2026, contributing to the national economic growth target for 2026.
7. The Deputy Prime Ministers, according to their assigned areas of responsibility, are responsible for directing ministries, agencies, and localities to implement this Directive.
8. The Government Office shall monitor and supervise according to its assigned functions and tasks; and report to competent authorities on matters exceeding its authority as prescribed.
