Gov’t to place highest priority on inflation control in remainder of 2026

Addressing the Cabinet meeting on Wednesday, the Prime Minister urged ministries and localities to put in place concrete measures to boost exports and reduce trade deficit, private investment, and advance the development of emerging economic sectors.

Le also urged ministries and localities to have measures to stimulate consumption, tourism, and trade promotion in the remaining months.

He tasked the Ministry of Finance to closely monitor market prices, update inflation scenarios, promptly reform value-added tax and tax management, and advise the Government on measures to promote business and production activities, effectively mobilize and utilize resources for national development.

The Ministry of Finance needs to proactively design solutions to support growth, improve business climate, and reform administrative procedures.The Prime Minister called on banking system to continue cutting costs in order to reduce interest rates in favor of businesses, especially small and medium-sized enterprises.The Ministry of Industry and Trade was assigned to ensure supply of essential goods, particularly petroleum and electricity, report to the Government for consideration of amendments to the 8th edition of the National Power Development Plan under the fast-track procedure; step up trade promotion and utilization of free trade agreements, while promoting the signing of a reciprocal trade agreement with the U.S./.