Vietnam’s government has directed a review of any adjustments to state-controlled prices, including electricity tariffs, healthcare fees, and education charges, to help maintain inflation stability.
In a resolution issued after its May regular meeting, the government stressed that the global and regional environment is expected to remain highly uncertain, complex, and difficult to predict, posing risks to global economic growth prospects.
Domestically, the economy continues to face significant challenges due to unfavorable external conditions, unresolved internal issues, and emerging new difficulties, VietNamNet reported.
“A key political task“
All ministries, agencies, local authorities, state-owned groups, and enterprises – especially those failing to meet targets in industry, agriculture, and services – have been instructed to closely align with the 2026 double-digit growth target, identify untapped potential, and concentrate resources on achieving assigned goals, according to the report.
The government emphasized the need for a proactive, flexible, timely, and effective monetary policy, coordinated with a reasonably expansionary fiscal policy and other macroeconomic measures to support growth, curb inflation, maintain stability, and ensure key economic balances.
It also highlighted stronger price and market management, flexible use of regulatory instruments, and lawful, market-based pricing mechanisms to maintain supply-demand balance and price stability.
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Authorities have been required to carefully evaluate any changes in administered prices, such as electricity, medical services, and education fees, to limit their impact on the consumer price index and keep inflation within target.
Ministries and sectors have been urged to intensify inspections and enforcement of pricing regulations and to strictly deal with hoarding, speculation, market manipulation and unjustified price hikes.
Public investment disbursement has also been prioritized, with agencies – particularly those lagging behind the national average – ordered to accelerate spending.
The government described this as a key political task and an important benchmark for evaluating institutional and individual performance, including leadership accountability, the report said.
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