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On 17th July, the Ministry of Finance held a conference to review state financial and budgetary work for the first six months and to set out tasks for the second half of 2026. The conference was conducted both in person and online, connecting with 33 localities. The event was chaired by Mr. Ngô Văn Tuấn, Member of the Central Party Committee and Minister of Finance.

At the Ministry’s main location, attendees included Ms. Nguyễn Thị Bích Ngọc, Member of the Central Party Committee and Deputy Minister of Finance; Mr. Trần Quân, Alternate Member of the Central Party Committee and Director General of the State Treasury; representatives from Party agencies, the Government Office, Hanoi People's Committee, and leaders of Ministry of Finance departments. At the 33 local venues, participating were leaders from provincial and city People’s Committees, Departments of Finance, management boards of industrial zones and economic zones, and other relevant units.

Representing Vietnam National Chemical Group (Vinachem) at the conference were Mr. Phùng Quang Hiệp - Party Secretary and Chairman of the Members’ Council, and Mr. Nguyễn Hữu Tú - Deputy Party Secretary, General Director.

According to the conference report, amidst continued global complexity and unpredictability, the financial sector has closely followed the guidance of the Party Central Committee, National Assembly and Government, proactively providing advice and managing flexible fiscal policies. These efforts have helped maintain macroeconomic stability, control inflation, and ensure the major balances of the economy. This is also the first year to implement the target of double-digit growth for the 2026–2030 period, setting high demands on state financial and budget management.

In the first six months of 2026, the economy maintained positive growth momentum. GDP is estimated to have increased by 8.18%, the highest since 2011; average consumer price index (CPI) rose by 4.38%, remaining within the inflation control target. State budget revenue reached VND 1,568.2 trillion, equivalent to 62% of the estimate and up 17.4% year-on-year, with domestic revenue accounting for over 86% of the total, reflecting an increasingly sustainable revenue structure.

Alongside tight and efficient revenue and expenditure management, the Ministry of Finance has continued to advance institutional improvement, administrative reform and digital transformation. By the end of June 2026, the Ministry had submitted 152 legal documents for promulgation or issued them under its authority, helping to address policy bottlenecks, enhance decentralisation, unlock resources for development investment, and create favourable conditions for production and business activities.

The Ministry also implemented a range of fiscal policy measures to support enterprises, promote public investment, attract foreign direct investment (FDI), and develop financial markets. As of 30th June 2026, public investment disbursement totalled VND 356.9 trillion, equal to 35.5% of the plan assigned by the Prime Minister – both the absolute value and ratio were higher than in the same period last year. FDI attraction exceeded USD 34.6 billion, up 61% year-on-year, with realised capital estimated at USD 13.03 billion.

The conference also assessed that improvements in public asset management mechanisms, as well as adjustments to national, regional and sectoral planning, have helped broaden development space and foster new growth drivers. In addition, measures to develop enterprises, the private sector, the collective economy, attract investment, and modernise financial management have continued to be strengthened, laying the foundation for rapid and sustainable development.

For the second half of the year, the Ministry of Finance has set out to continue a reasonably expansionary fiscal policy, closely coordinating with monetary policy and other macroeconomic policies to achieve a GDP growth target of at least 10% for the year. Priorities include strengthening management of state budget revenue and expenditure, accelerating public investment disbursement, further institutional improvement, administrative reform linked to digital transformation, supporting enterprise development, promoting the stock market, insurance, carbon market and new economic models, while effectively mobilising resources to create space for swift and sustainable development, contributing to the achievement of the 2026 socio-economic development goals.