Speaking at the regular Government meeting in May 2026 held on the morning of June 3, Minister of Finance Ngo Van Tuan said that the index of industrial production in May is estimated to increase by more than 8.7% compared to the same period. Overall for 5 months, this index increased by more than 9%, the highest in the same period since 2021, of which processing and manufacturing increased by nearly 9.5%.
Regarding inflation and the supply of gasoline, oil, and electricity, the consumer price index in May increased by 0.3% compared to the previous month, the lowest in the last 3 months. However, May increased by 5.6% compared to the same period, an average of 4.31% in 5 months.
In addition, domestic gasoline and oil prices are managed at a low level compared to the region, helping to stabilize prices. The supply of gasoline and oil by the end of May basically meets demand.
However, the Ministry of Finance recommends that the adjustment of electricity, education, and healthcare prices in 2026 needs to be carefully calculated to avoid cumulative impacts on the price level. At the same time, it is necessary to strengthen price management, not to allow sudden price increases during peak seasons and storms.
Disbursement of public investment capital by the end of May is estimated at 219.4 trillion VND, equal to 21.6% of the plan, compared to the same period in terms of proportion and about 34.8 trillion VND higher in absolute terms.
Closely following the viewpoint in Conclusion No. 18-KL/TW that "overcoming the difficulties of 2026, breaking through in the period 2027-2030", the Ministry of Finance proposed that the principle of management in the coming time is to firmly aim for double-digit growth, and at the same time closely monitor to control inflation and ensure macroeconomic stability.
On that basis, the Ministry of Finance proposed a number of key tasks. The Ministry will submit to the Government for extension of tax and land rent payment deadlines to support businesses and people.
The Ministry proposed that the Government direct ministries and localities to accelerate the disbursement of public investment associated with improving the efficiency of public investment, especially 12 ministries and localities that are disbursing low funds, have not disbursed funds, and key projects. The Ministry of Construction shall take the lead in reviewing and proposing measures to definitively resolve the issue of supply and price of construction materials as directed by the Prime Minister, resolutely handle cases of obstruction, localism, hoarding goods to increase prices for profit; deploy inter-regional coordination mechanisms on construction materials for key projects.
Regarding monetary policy, the State Bank manages to ensure stable interest rates, ensure liquidity; directs commercial banks to promote the reduction of operating costs, create room to reduce substantive lending interest rates; tightly control foreign currency flows and bad debts; closely monitor the monthly balance of payments.
The Ministry of Finance and the State Bank of Vietnam closely coordinate to ensure liquidity for the government bond market and amend regulations towards upgrading the stock market according to international standards.
Regarding production, business and import-export, each ministry, locality, corporation, and state-owned enterprise closely follow the scenario, clearly identify the room to promote growth, especially 22 localities with lower industrial production than the scenario.
Regarding price management, the Ministry of Industry and Trade, ministries, agencies, and localities coordinate to do a good job of managing prices and markets, regulating supply and demand; strictly handle acts of speculation, profiteering, and unusual price increases, ensuring control according to the proposed scenario.
The Ministry of Health, the Ministry of Education and Training, and the Ministry of Industry and Trade carefully assess the roadmap for increasing prices of medical and educational services, and electricity prices associated with inflation scenarios.
The Ministry of Construction effectively implements policies to develop social housing for rent.
