Looking back at the development path of the economy, how does the Deputy Minister assess the role of finance - budget in ensuring macroeconomic stability and creating a foundation for growth?
- In the first months of 2026, despite being heavily affected by rising fuel prices and supply disruptions due to armed conflicts in the Middle East, the Ministry of Finance has submitted to competent authorities and issued fiscal policies to reduce taxes, fees, and charges on gasoline and oil products, and supplement the budget to temporarily advance the Gasoline and Oil Price Stabilization Fund to stabilize gasoline and oil prices, contributing to stabilizing production and business, and controlling inflation.
It can be said that fiscal policy in the past time has been managed flexibly, proactively, with focus and key points, contributing to building a stable national financial foundation, with policy space to effectively respond to external shocks and maintain high economic growth momentum.
Practice over the past time has shown that fiscal tools such as taxes, fees, budget expenditures, and public investment have directly impacted the operations of businesses and people. How will the Ministry of Finance continue to promote this regulatory and leading role in the coming period?
- In the past time, fiscal policy has always taken a step ahead to support production, stimulate investment and maintain the growth rate of the economy. The Ministry of Finance determines to manage fiscal policy flexibly to respond to and overcome short-term difficulties, but it must also be sufficiently in-depth to create a foundation for long-term growth; when businesses are still in difficulty, policies must be sufficiently sharing, when the economy enters a new growth cycle, policies must have enough vision to pave the way.
In the coming period, the Ministry of Finance will continue to promote the leading role of fiscal policy in three major directions.
First, continue to improve tax policies in the direction of both nurturing revenue sources and creating motivation for production and business.
Second, improve the quality of budget expenditure, strongly shift from the mindset of "speaking enough" to "effective spending, with spillover".
Third, promote public investment but must be associated with disbursement responsibility and investment efficiency.
Ensuring major balances of the economy, from budget revenue and expenditure, public debt to mobilization and allocation of resources, is posing increasingly high requirements. What solutions will the Ministry of Finance have to improve the efficiency of management and use of these resources?
- According to the assigned functions and tasks, the Ministry of Finance is currently implementing the development of socio-economic development plans, national finance, medium-term public investment, public debt borrowing and repayment for 05 years in the 2026-2030 period to submit to the National Assembly for approval, as a basis and orientation for implementation in the coming term. In which, the targets and tasks are all built at a breakthrough level, a very large increase compared to the previous period, with the spirit of "high determination, great effort", determined to implement the two-digit economic growth goals, successfully completing the tasks set out in the new era.
The Ministry of Finance has also focused on closely monitoring, deeply and fully understanding the difficulties and challenges posed by the impact of both domestic and foreign factors, especially the incertitude in US foreign and trade policies, conflicts in many regions of the world, the risk of recession, inflation, and price escalation threatening the global economy... In that context, the Ministry of Finance has advised competent authorities on many groups of tasks and solutions to ensure macroeconomic stability, maintain major balances, and state budget revenue and expenditure.
In the context of Vietnam promoting capital market development and attracting investment, what will the Ministry of Finance do to make the financial system truly become a platform to connect and lead capital flows for the economy?
- In the context of promoting capital market development and attracting investment to contribute to maintaining double-digit economic growth, the Ministry of Finance focuses on synchronously implementing solutions to ensure that the capital market and financial market operate safely, healthily, and effectively, becoming a platform to connect and lead capital flows for the economy.
First of all, create a transparent and favorable investment environment, promote the role of private investment, implement reasonable, focused and key fiscal policy expansion, closely coordinate with monetary policy and other macroeconomic policies, strengthen inter-connected supervision in the capital market and credit market to ensure stable development of the financial market, macroeconomic stability and major balances of the economy. Continue to reform administrative procedures, ensure freedom of business and equal competition between businesses, between domestic and foreign investment sectors.
Next, institutional reform through promoting, reviewing, and perfecting the legal framework on the capital market and financial market from the legal level to guiding documents, in accordance with market development, according to international practices, creating favorable conditions for the Government, businesses, and local authorities to mobilize resources. At the same time, perfecting legal documents on the development of financial services, intermediary institutions such as insurance companies, accounting, auditing, securities companies, fund management companies, securities investment funds... to create conditions to attract resources for economic development investment and support improving the operational efficiency of the financial system.
From October 2025, the stock market has been announced by FTSE Russell to be upgraded from the frontier group to the secondary emerging market; and recently, we continued to surpass FTSE's 6-month evaluation period. To maintain this result, the Ministry of Finance continues to implement solutions to improve product quality, market infrastructure efficiency, and increase transparency to meet the requirements of foreign investors. At the same time, develop new financial fund models such as investment support funds, infrastructure investment funds, science and technology, innovation,... in parallel with promoting the development of securities investment funds and pension funds.
On the basis of promoting the results achieved in 2025 with total realized foreign direct investment capital reaching 27.62 billion USD, reaching the highest level ever; the Ministry of Finance will continue to encourage attracting foreign direct investment through cooperation with corporations and investment funds with sustainable capital sources, efficient operations, good management experience and business models to participate in investment in strategic infrastructure projects, artificial intelligence, semiconductor, science and technology development, innovation, digital transformation, renewable energy...
The Ministry of Finance requests investment funds and the business community to develop sustainable business strategies, proactively innovate in a green direction, apply science and technology and promote innovation; actively participate in investment in the Vietnamese capital market; fully comply with legal regulations in investment, business and service provision in the financial market, and at the same time proactively and promptly propose appropriate policies and regulations. Thank you, Deputy Minister!
