Deputy Prime Minister Truong Hoa Binh recently signed Directive No. 14 dated May 28, 2025, issued by the Prime Minister regarding the 2026 socio-economic development plan and state budget estimates.

The directive highlights that 2026 will see the 14th National Party Congress, elections for the National Assembly and People’s Councils at all levels, and marks the first year implementing the 2026–2030 socio-economic development plan, aiming for double-digit growth right from the start.

Amid forecasts of complex and unpredictable global developments, the Vietnamese economy must handle internal bottlenecks, build on its strengths, and adapt effectively to the new global context. The Prime Minister calls on ministries, government agencies, state economic groups, and localities to innovate, act decisively, and prioritize citizens and businesses in policy-making to achieve the double-digit growth target for 2026, setting the momentum for successful implementation of the five-year plan.

The 2026 socio-economic development plan must be based on a thorough assessment of 2025 results and careful domestic and international forecasts, with focused, coordinated solutions to ensure robust economic growth.

Regarding the 2026 state budget estimates, the directive requires adherence to current policies and regulations, ensuring timely and full revenue collection.

It also emphasizes taking into account revenue fluctuations caused by policy shifts, tax and fee adjustments, and scheduled tax cuts.

The domestic revenue estimate (excluding land use fees, lottery proceeds, state capital sales, dividends, post-tax profits, and the State Bank’s revenue-expenditure gap) is expected to increase by about 10–12% on average compared to 2025 estimates, after excluding policy-related impacts.

Growth targets for each locality should be set based on their economic growth and revenue potential.

Revenue from import-export activities is projected to rise around 5–7% over 2025 estimates. Budget expenditures for 2026 must comply with laws, allocation principles, and criteria, while supporting budget restructuring alongside organizational streamlining and the establishment of a two-tier local government system.

Revenue from five largest e-commerce platforms reaches over US$12 billion in 2024

A report by the e-commerce analytic platform Metric has shown that the total revenue of the five largest e-commerce platforms in Vietnam reached VND318.9 trillion (US$12.6 billion) in 2024, 37.4% higher than 2023.