At the meeting, it was reported that during the four-month period, macroeconomic conditions remained broadly stable, inflation was under control, and major economic balances were maintained.

The consumer price index rose an estimated 3.99%. State budget revenue reached more than VND1.11 quadrillion, equal to 44% of the estimate and up 15.2%. Total import-export turnover was estimated at US$344.2 billion, up 24%.

The Ministry of Finance proposed that the PM direct the Ministry of Industry and Trade to ensure adequate supply of goods, while making an advance payment of VND8 trillion from the state budget to the petrol price stabilisation fund.

Minister of Industry and Trade Le Manh Hung said the ministry, together with the Ministry of Finance, has ensured petrol supply to date. Fuel prices have been controlled, and supply resilience has improved, with inventory levels rising from about 10-15 days to around 23-26 days.

Exports throughout the reviewed period hit nearly US$169 billion. Retail sales in April rose 12%. International arrivals totalled nearly 8.8 million. Total social investment reached VND744 trillion, while public investment disbursement was about VND144 trillion. However, VND46 trillion from 14 ministries and 17 localities has yet to be allocated in detail.

Minister of Finance Ngo Van Tuan recommended that the Government, ministries and localities focus on measures, particularly renewing working methods and improving implementation capacity. He called for an urgent review of growth targets for the 2026-2030 period, to be submitted before May 6.

In recent months, 33 commercial banks have lowered listed interest rates by 0.1-0.5 percentage points. However, participants said actual lending rates remain high, at around 8-8.6% per year.

State Bank of Vietnam Governor Pham Duc An said deposit rates averaged about 6%, up 0.77 percentage points from the beginning of the year. Newly issued lending rates stood at 8.38%, up 0.3 percentage points and down 0.44 percentage points from the peak, indicating a downward trend and a degree of sharing between banks and businesses.

Participants emphasised measures to improve institutions, remove bottlenecks, accelerate administrative reform, decentralise authority, and guide localities in reviewing and cutting administrative procedures.

Minister of Agriculture and Environment Trinh Viet Hung said efforts would focus on digital transformation and completing the land database. Of about 106 million land plots nationwide, data has been collected for 62 million, but only about 30 million meet the criteria of being accurate, sufficient, clean and regularly updated.

The minister said the target is to finalize updated and reliable data by the end of 2026, after which localities will take responsibility for updates.

The PM called for stricter discipline in drafting and issuing detailed legal documents, coordinated measures to spur growth, and continued efforts to maintain macroeconomic stability and develop macroeconomic management scenarios.

He assigned the Ministry of Finance to review legal documents, close tax loopholes, finalise plans for equitisation and enterprise restructuring, and accelerate key projects, particularly in the energy sector.

The State Bank of Vietnam was tasked with flexibly managing interest rates, exchange rates and credit, and effectively implementing credit programmes to support access to capital for people and businesses at appropriate interest rates.

The Ministry of Agriculture and Environment was asked to fast-track implementation of national target programmes, issue capital allocation criteria before May 10, and prioritise clean water supply and relocation from landslide-prone areas.

The Ministry of Industry and Trade was tasked with completing the national power development plan VIII, reforming petrol distribution, strengthening strategic energy reserves and diversifying supply sources.

The Ministry of Construction was directed to speed up key projects, including Long Thanh International Airport and Gia Binh Airport, and to expedite preparations for the North–South high-speed railway and rail links with China. It was also asked to take measures to develop a healthy and sustainable real estate market and aim to complete more than 110,000 social housing units in 2026.

The Ministry of Science and Technology was urged to remove bottlenecks in digital infrastructure, particularly data infrastructure, and to complete the national artificial intelligence strategy.

In social sectors, the Government chief called for special mechanisms for Bach Mai Hospital 2 and Viet Duc Hospital 2, resolving outstanding issues to bring the facilities into operation, and preparing a review of one year of implementing the three-tier local government model.

PM urges focus on inflation risks, public investment at cabinet meeting

VOV.VN - Prime Minister Le Minh Hung urged deeper analysis of inflation risks and faster public investment disbursement while chairing the Government’s regular meeting for April 2026 on May 4.