Prime Minister Pham Minh Chinh signed Official Telegram 12 on February 8, 2026, setting out key tasks and solutions for economic management this year.
He instructed the State Bank of Vietnam to lead the proactive, flexible and timely operation of monetary policy, working with ministries, agencies and local authorities. The central bank was told to closely monitor inflation, exchange rates, interest rates and liquidity, and to use policy tools to ensure stable and effective market operations.
Gold bar products (Photo: Manh Quan).
The telegram also called for continued measures to stabilise exchange rates and interest rates and to build foreign exchange reserves, alongside stronger inspection, supervision and risk controls.
Credit institutions were instructed to ensure safe and effective credit growth, directing lending into production, business, priority sectors and growth drivers, while tightening control over high-risk areas.
The Government also called for immediate credit solutions to support production and business, livelihoods, small and medium-sized enterprises, business households and social housing.
In one of the key directives, the prime minister requested the urgent completion of a report to the standing Government on researching, evaluating and considering the proposal to establish a national gold exchange, “without further delay”.
He also ordered agencies to proactively provide official, public and transparent information on policies for managing financial, monetary, foreign exchange and gold markets.
Bond issuance and new markets
The prime minister also instructed the Ministry of Finance to implement measures to mobilise domestic and foreign investment resources, using public debt and budget deficit headroom within safe limits to issue government bonds for key projects.
The ministry was told to step up efforts to attract large-scale, high-tech foreign direct investment and to develop capital markets, including the stock market and corporate bond market, to create longer-term funding channels and reduce pressure on banks.
The telegram also referenced plans to officially launch an international financial centre in February in Ho Chi Minh City and Danang.
The Ministry of Finance was instructed to implement a resolution on piloting a crypto asset exchange and a scheme to establish and develop a carbon market in Vietnam.
Other ministries were tasked with boosting trade promotion and exports, ensuring energy security and supporting agricultural production to maintain food supply and demand balance, particularly for essential goods.
The prime minister also ordered ministries and localities to accelerate public investment disbursement from early 2026, with the goal of reaching 100 per cent of the assigned plan.
