Hanoi, May 5, 2026 – The Europe Today: During the Government’s monthly meeting on Monday, Prime Minister Lê Minh Hưng issued a directive for a coordinated rollout of solutions centered on institutional reform and the removal of regulatory bottlenecks to drive national economic performance.
The meeting reviewed socio-economic performance for the first four months of the year and established critical priorities for the upcoming period, with a heavy emphasis on accountability, infrastructure, and financial stability.
Institutional Reform and Accountability
The Prime Minister underscored that improving policy frameworks is essential for development. Key directives include:
- Leader Accountability: The issuance of detailed guiding documents will now serve as a primary criterion for evaluating leader performance.
- Legislative Speed: Ministries must accelerate the drafting of documents guiding law implementation and finalize dossiers for draft laws ahead of the National Assembly’s second session in October.
- Regulatory Control: PM Hưng called for the prompt completion of overdue regulations and tighter scrutiny over the issuance of new ones to avoid unnecessary hurdles.
Macro-Economic Stability and Financial Innovation
To ensure growth amidst international fluctuations, the Ministry of Finance and the State Bank of Việt Nam have been tasked with:
- Policy Scenarios: Proactively developing strategies to respond to domestic and global market shifts.
- Revenue Management: Strengthening tax policies particularly in cross-border e-commerce and proposing plans for expenditure savings by May 15.
- Digital Finance: Accelerating the legal framework for capital markets, piloting a digital asset market, and promoting carbon credits and investment funds.
- Monetary Policy: Maintaining foreign exchange stability and ensuring businesses have access to reasonably priced credit.
Infrastructure and State-Owned Enterprise (SOE) Restructuring
A significant portion of the mandate focused on physical and corporate infrastructure:
- National Investment Fund: Research is underway to establish a national investment fund based on a restructured State Capital Investment Corporation.
- Public Investment: PM Hưng demanded more effective fund disbursement, expanded online bidding for transparency, and monthly public disclosure of disbursement results.
- Key Projects: The Ministry of Construction was urged to fast-track Long Thành International Airport, Gia Bình Airport, and preparations for the North–South high-speed railway.
- Social Housing: A target has been set to complete over 110,000 social housing units in 2026.
Sectoral Priorities: Agriculture, Industry, and Health
The Prime Minister assigned specific tasks to ensure comprehensive social and industrial stability:
- Agriculture & Environment: Ensuring food security, managing climate change risks, and strictly handling environmental violations related to clean water and landslides.
- Industry & Trade: Expanding export markets, leveraging free trade agreements, and ensuring a stable supply of energy and fuel.
- Health: Improving medical service quality through digital transformation and the adoption of electronic medical records.
- Technology: Developing national data systems and establishing regulatory sandboxes for AI and new business models.
In his closing remarks, PM Hưng emphasized the necessity of administrative reform through decentralization and the clarification of ministerial responsibilities. He also reaffirmed the government’s commitment to national defense and proactive monitoring of foreign affairs to ensure timely responses to security developments.
