The directive was issued during a meeting on March 7 at the Government headquarters with the Policy Advisory Council, where officials reviewed Vietnam’s socio-economic performance in February and the first two months of 2026, as well as potential risks from global developments.

Participants discussed the possible impacts of geopolitical tensions, particularly conflicts in the Middle East, fluctuations in global oil prices, and disruptions to supply chains that could affect energy security and economic growth.

The Prime Minister assigned the Ministry of Industry and Trade and major energy groups to review supply capacity and remove obstacles in the energy sector to ensure stable fuel and electricity supplies for both production and daily life.

Ensuring energy security is considered critical for maintaining macroeconomic stability and supporting Vietnam’s growth target of around 10% in 2026, according to the government leader.

The Prime Minister also emphasised that the current challenges present an opportunity to accelerate Vietnam’s energy transition, including expanding renewable energy sources such as wind and solar power while adjusting policies to attract more investment in clean energy.

Beyond the energy sector, the government will continue to coordinate fiscal and monetary policies to maintain macroeconomic stability, stabilise exchange rates and interest rates, and keep inflation under control.

Authorities will also pursue targeted fiscal expansion to support businesses, accelerate public investment disbursement, and consider stimulus measures if necessary to boost domestic demand and economic growth.

The Prime Minister highlighted the importance of strategic self-reliance, particularly in energy and national resources, calling on ministries and localities to strengthen their capacity to mobilise financial and human resources while making effective use of domestic potential.

Vietnam will also focus on resolving long-standing project bottlenecks, addressing constraints related to land, electricity and natural resources, and mobilising total social investment to increase by about 5% compared with 2025.

In addition, the government plans to promote science and technology development, particularly artificial intelligence, based on national and sectoral data systems, while expanding social housing projects with modern and sustainable infrastructure to increase supply and reduce housing costs.

Airfares from Vietnam to Europe soar as flights sell out amid Middle East tensions

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