The State Bank of Vietnam published a briefing on the National Assembly’s adoption of a resolution on Vietnam’s 2026 socio-economic development plan, setting an objective of GDP growth of 10% or higher while requiring macroeconomic stability, inflation control and close coordination between fiscal and monetary policy. The resolution also calls for a stronger restructuring of credit institutions in 2026–2030, including the decisive handling of weak banks and people’s credit funds. For monetary policy, the plan requires proactive, flexible, timely and effective management to stabilise interest rates and the exchange rate and to support funding for production and business, alongside a “reasonably expansionary” but targeted fiscal stance. Headline targets include GDP per capita of USD 5,400–5,500, labour productivity growth of 8.5%, an urban unemployment rate below 4% and a digital economy share of 14% of GDP, while reform measures include eliminating and simplifying 100% of unnecessary investment and business conditions and reducing administrative compliance time and costs by 50% versus 2024; it also assigns work to develop international financial centres in Ho Chi Minh City and Da Nang.
State Bank of Vietnam 2025-11-13
State Bank of Vietnam reports National Assembly 2026 plan targeting at least 10% GDP growth and directing flexible monetary policy and bank restructuring
The State Bank of Vietnam announced the National Assembly's resolution on the 2026 socio-economic development plan, targeting GDP growth of 10% or higher with macroeconomic stability and inflation control. The plan emphasizes restructuring credit institutions, stabilizing interest and exchange rates, and supporting production funding. Key targets include GDP per capita of USD 5,400–5,500, 8.5% labour productivity growth, and a digital economy share of 14% of GDP.