The State Bank of Vietnam published a report on a Government Standing Committee meeting chaired by Prime Minister Pham Minh Chinh to review the Lunar New Year period and set key tasks immediately after Tet, including macroeconomic management directions for the central bank. The Prime Minister tasked the State Bank of Vietnam with administering monetary policy proactively and flexibly, coordinating closely with fiscal and other policies to support macro stability, steer credit to priority sectors, control inflation and promote growth, and closely monitor the gold market. Broader economic instructions covered stricter discipline over spending and anti-waste measures, efforts to disburse public investment capital with a target of 100% disbursement, and an expansionary but focused fiscal stance led by the Ministry of Finance, including saving 10% from the beginning of the year. The meeting also noted stable market conditions over the Tet holiday, with essential goods supply ensured and no sudden price spikes. The Prime Minister requested urgent submission and promulgation of a Prime Minister’s Directive to press implementation of key post-Tet tasks from the first working day back.
State Bank of Vietnam 2026-02-23
State Bank of Vietnam relays Prime Minister’s post-Tet instructions for flexible monetary policy and gold market monitoring
The State Bank of Vietnam reported on a Government Standing Committee meeting led by Prime Minister Pham Minh Chinh, detailing post-Tet macroeconomic tasks. The central bank is to manage monetary policy proactively, coordinate with fiscal policies, support macro stability, control inflation, and monitor the gold market. Broader measures include strict spending discipline, full public investment disbursement, and a focused fiscal stance by the Ministry of Finance.