Vietnam inflation and price control measures

In September 2026, Vietnam’s Deputy Prime Minister Nguyen Van Thang directed ministries and local authorities to implement strict measures to control prices and inflation for the remainder of the year. The government’s strategy aimed to balance economic growth with social security by monitoring the Consumer Price Index and essential commodity prices. Key actions included coordinating monetary and fiscal policies, regulating credit growth in priority sectors, and implementing tax or fee exemptions for petroleum and fertilizers to reduce business costs.

By October 2026, the Ministry of Finance updated its inflation forecasts, projecting a rise between 4.5% and 4.8% for the final quarter. The State Bank of Vietnam anticipated an average annual inflation rate of 4.5% to 5%, while international organizations estimated a range of 4.2% to 5.5%.

Upward price pressures were attributed to global energy and raw material fluctuations, exchange rate risks, geopolitical tensions affecting supply chains, and increased demand from public investment and year-end seasonal consumption. To address these risks, authorities maintained a focus on stabilizing the macroeconomy through close coordination between fiscal and monetary policies and continued tax relief measures.