Vietnam directs strict price and inflation controls for late 2026

Deputy Prime Minister Nguyen Van Thang has directed ministries and local authorities to implement decisive measures to control prices and inflation for the remainder of 2026. The goal is to balance high economic growth with social security and support for businesses.

The Ministry of Finance is tasked with monitoring the Consumer Price Index (CPI) and essential commodity prices to advise the Government on appropriate management solutions. To reduce input costs for businesses and support citizens, the government will continue implementing policies to exempt, reduce, or extend taxes and fees, particularly for petroleum and fertilizers.

The State Bank of Vietnam is instructed to coordinate monetary and fiscal policies closely. This includes monitoring exchange rates, interest rates, and international capital flows to mitigate imported inflation. Additionally, credit growth will be regulated to focus on priority sectors such as manufacturing, agriculture, and exports, while authorities will strictly penalize foreign currency speculation.