Prime Minister Pham Minh Chinh has signed a directive outlining key tasks and priorities for managing monetary and fiscal policies in 2026.

In the directive, the Prime Minister requires the State Bank to conduct monetary policy in a proactive, flexible, timely, and effective manner while closely monitoring inflation, exchange rates, interest rates, and liquidity.

He emphasizes that the use of monetary policy tools must remain proactive, flexible, timely, effective, and smooth, avoiding shocks or abrupt adjustments, and following a clear roadmap aligned with macroeconomic conditions, the size of the economy, and policy objectives.

The State Bank must work with relevant agencies to regulate credit growth at appropriate levels, ensuring transparency, public disclosure, and timely adjustments in line with macroeconomic and market developments.

The Prime Minister also calls for strengthened inspections, supervision, and risk control, especially in areas prone to vulnerabilities. He directs the State Bank to study and implement suitable credit solutions to support production and business activities, create livelihoods for citizens, and assist small and medium-sized enterprises and household businesses.

The State Bank must rapidly finalize its report on solutions for mobilizing foreign currency and gold held by the public, following the instructions of government leaders.

At the same time, the Prime Minister orders the swift completion of documents for the Standing Government regarding the study, assessment, and consideration of establishing a national gold exchange, stressing that delays are unacceptable.

For the Ministry of Finance, the Prime Minister assigns the task of strongly and sustainably developing the capital market, including the stock market and corporate bond market, and officially launching international financial centers in Ho Chi Minh City and Da Nang this February.

The Ministry of Finance must also promptly implement the resolution on piloting the digital asset trading platform and advance the development of the carbon market as previously approved by the Government and the Prime Minister.

The Prime Minister further instructs the ministry to evaluate the current state of small and medium-sized enterprises, identify institutional, policy, and administrative obstacles, and propose practical and effective support solutions. Priority should be placed on mechanisms and policies enabling SMEs to access finance and credit.

In addition, the Prime Minister demands accelerated research and completion of the National Investment Single-Window Portal, with a report due before February 25.

 
Tran Thuong