Post by : Shakul

Vietnam’s National Assembly of Vietnam has officially approved a comprehensive five-year national financial plan for the period 2026 to 2030, along with a detailed framework for public debt borrowing and repayment. The resolution was adopted during the closing session held on April 24, 2026.

The plan sets a clear objective of building an efficient, transparent, and sustainable national financial system. It emphasizes the importance of implementing a proactive fiscal policy that is closely coordinated with monetary policy to ensure stable and balanced economic growth.

Authorities aim to maximize both domestic and international resources to support development goals while maintaining strict financial discipline. The plan also focuses on restructuring the state budget, strengthening the central budget’s leading role, and increasing the autonomy of local budgets.

According to the resolution, total state budget revenue for the 2026–2030 period is projected at approximately VND 16.4 million billion, while total expenditure is expected to reach around VND 21.2 million billion. The government aims to maintain an average budget deficit of about 5 percent of GDP, ensuring that public debt remains within safe limits.

The government’s total borrowing during this period is estimated at around VND 6,497 trillion, with a significant portion allocated through the central budget. At the same time, strict measures will be taken to manage debt repayment obligations and ensure long-term financial stability.

The plan also highlights the importance of improving tax policies, expanding revenue sources, and increasing transparency and accountability in financial management. Special focus will be placed on revenue from land, natural resources, e-commerce, and digital platforms.

In addition, the government will continue to promote economic reforms, enhance coordination between fiscal and monetary policies, and strengthen the resilience of the financial system against global and domestic challenges. Authorities have been directed to ensure effective implementation and close monitoring of the plan across all levels.

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