The objective of macroeconomic stability is set out in the National Assembly’s Resolution No. 244/2025/QH15 on the socio-economic development plan for 2026, identified as a fundamental goal in the country’s development strategy. Not only for 2026, but macroeconomic stability has consistently been a steadfast objective of the Government over many years, underscoring its critical and inseparable role in the overall development agenda. In a highly open economy like Vietnam’s, macroeconomic fluctuations can have deep and wide-ranging impacts across sectors and on people’s livelihoods. In efforts to maintain macroeconomic stability, monetary policy is the core pillar within the broader economic policy framework. Against the backdrop of mounting pressures on domestic interest and exchange rates toward the end of 2025, combined with ambitious economic growth targets and evolving global monetary policy stances, this article examines the goal of macroeconomic stability and offers insights into monetary policy orientations to stabilize the macroeconomy in 2026. The importance of macroeconomic stability Macroeconomic stability can be understood as maintaining a balanced economic state, free from excessive volatility and major disruptions such as economic crises or recessions, high inflation, or elevated unemployment. In the aforementioned National Assembly resolution, the overarching objective emphasizes “prioritizing growth promotion on the […]
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