Government requests to ensure resources for implementing the base salary increase from July 1

PHẠM ĐÔNG |

The Government directs the allocation of sources to increase central budget revenue in 2025 in July 2026, ensuring sources to implement the base salary increase from July 1.

The Government has just issued Resolution 168/NQ-CP dated June 27, 2026, updating the growth scenario and key solutions in the remaining quarters to implement the 2026 growth target, striving for 10% or more associated with maintaining macroeconomic stability.

Regarding fiscal policy management, the Ministry of Finance continues to manage reasonable expansionary fiscal policy in a focused and key direction, in which it urgently advises that in June 2026, it will submit to the Government to flexibly adjust some regulations on gasoline and fuel tax in accordance with world price developments.

Submit to the Government and the Prime Minister to allocate sources to increase central budget revenue in 2025 in July 2026; allocate the medium-term public investment plan capital for the period 2026 - 2030 before July 15, 2026. Ensure sources to implement the increase in the base salary from July 1, 2026.

Continue to effectively implement solutions to develop the stock and insurance markets, attract FDI, and develop businesses according to the direction of the Government and the Prime Minister; submit amending the Securities Law at the National Assembly session in October 2026 and related regulations to improve market capacity.

Designing new financial products, attracting capital flows from international investors to the International Financial Center in Vietnam.

Regarding monetary policy management, the Government requests the State Bank of Vietnam to manage monetary policy proactively, flexibly, promptly, and effectively. Implement solutions to stabilize interest rates, ensure liquidity for the economy, and stabilize the monetary and foreign exchange markets to control inflation and support the double-digit growth target.

Direct credit institutions to continue to reduce costs and implement solutions to stabilize the market interest rate level.

Controlling credit for potentially risky sectors; having mechanisms and solutions to ensure credit capital for large, key projects, projects approved for investment policy by the National Assembly; promoting bad debt handling and continuing to restructure weak, specially controlled credit institutions.

Improve credit quality, direct credit capital flows into production, business, priority sectors, economic growth drivers and key projects serving socio-economic development.

Research to adjust credit limits appropriately and strictly handle cases of taking advantage of growth limits to raise lending rates.

The State Bank of Vietnam in 2026 continues to study increasing the proportion of term deposits of the State Treasury in commercial banks into the mobilized capital of commercial banks to supplement liquidity for the banking system.

The Ministry of Finance and the State Bank of Vietnam coordinate to effectively implement the tasks and solutions assigned by the Government in Resolution No. 148/NQ-CP dated June 6, 2026 of the Government related to the development of the stock market and government bonds.

Closely coordinate the management of deposits of the State Treasury at the commercial banking system to support short-term capital sources for the economy.

The temporarily idle state treasury fund is prioritized for use for the central budget and provincial budgets to advance and borrow; in case it has not been used, the temporarily idle state treasury fund is used to buy and sell government bonds and deposit them for term at commercial banks.

PHẠM ĐÔNG
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