HCMC – Vietnam will resolutely try to avoid macroeconomic instability or economic crisis in all scenarios amid global economic uncertainties, Prime Minister Le Minh Hung said.
Speaking at the first session of the 16th National Assembly, PM Hung said the Government remains committed to maintaining economic stability while pursuing growth, even as global conditions become more volatile.
Last year, the macroeconomy remained broadly stable, with major economic balances ensured. Gross domestic product (GDP) growth reached 8.02%, placing Vietnam among the higher-performing economies in the region and the world. The economy expanded to US$514 billion, ranking 32nd in the world.
Since the beginning of 2026, however, global developments have become increasingly complex, directly affecting the country’s socio-economic development tasks.
According to the prime minister, external headwinds are putting pressure on macroeconomic stability, making the double-digit growth target highly challenging.
He highlighted 12 key tasks for the remaining months of the year. Notably, these include promoting growth while maintaining macroeconomic stability, and mobilizing and effectively utilizing all resources for development.
On this front, the PM emphasized a firm commitment to preventing any macroeconomic instability or economic crisis under all circumstances.
He also called for strengthened fiscal discipline and contingency measures to proactively respond to fluctuations. In April, the Government will complete a review and assign growth targets by sector to localities, state-owned enterprises and corporations for 2026 and the 2026-2030 period.
PM Hung also underscored the importance of ensuring national energy security in both the short and long term, particularly securing adequate supplies of crude oil and natural gas.
In addition, relevant authorities were urged to strengthen the management of supply, demand and prices of essential goods, prevent hoarding and price manipulation, tighten product quality control, enhance traceability and protect consumers, as well as intensify efforts to combat smuggling, trade fraud and intellectual property violations.
The Government aims to increase state budget revenue by 10%, cut regular expenditures by over 10% and strive for an additional 5% savings. It will also issue government, local and project bonds, boost investment from state-owned enterprises, and accelerate private sector investment.
