Speaking at the Government's monthly meeting for July on August 3, the Prime Minister praised the country's socio-economic performance over the first seven months of 2026 while urging authorities to capitalise on growth opportunities despite an increasingly uncertain global environment.

He said maintaining macroeconomic stability must go hand in hand with stronger institutional reforms, administrative simplification and efforts to remove bottlenecks constraining economic development.

Institutional reform must stay ahead

The Prime Minister identified lawmaking as one of the Government's top priorities.

He instructed ministries and ministerial-level agencies to promptly finalise 24 draft laws and resolutions for submission to the National Assembly's ongoing first extraordinary session, alongside preparing around 40 additional legislative proposals for the legislature’s year-end session in October.

He also called for all implementing regulations to be prepared in parallel so that newly adopted legislation can take effect immediately.

The Ministry of Justice was tasked with completing a comprehensive review of the legal system, introducing a key performance indicator (KPI) framework for legislative work, and strengthening oversight of newly introduced administrative procedures.

Regarding the draft law on small and medium-sized enterprise development, the Prime Minister requested expanding its scope to include individual business households, making it easier for them to transition into formally registered enterprises.

Economy maintains positive momentum

Government reports presented at the meeting showed Vietnam's macroeconomic fundamentals were stable during the first seven months of the year.

Average consumer inflation (CPI) rose an estimated 4.39%, and state budget revenue hit more than VND1.83 quadrillion, equivalent to 72.5% of the annual target.

Foreign investment was remained a bright spot, with registered FDI totaling US$38.06 billion, up 58% year on year. Disbursed FDI reached US$15.2 billion, an increase of 11.8%.

Total import-export turnover climbed to an estimated US$659.6 billion, up 28.1%, while industrial production expanded by more than 11.4%, the highest pace since 2019.

Retail sales of goods and consumer services increased 13.1%, and Vietnam welcomed more than 13.9 million international visitors, up 13.8% from a year earlier.

Despite these gains, the Prime Minister noted continued challenges, including pressure to maintain macroeconomic stability and achieve double-digit growth, slow public investment disbursement in some ministries and localities, difficulties facing businesses, and continued reliance on the foreign-invested sector and several major export markets.

He also warned that global economic uncertainty, geopolitical tensions, inflationary pressures and seasonal natural disasters could weigh on growth in the months ahead.

Public investment and digital transformation

Alongside institutional reform, the Prime Minister instructed ministries and local governments to accelerate public investment disbursement, with the goal of achieving 100% of the 2026 investment plan.

The State Bank of Vietnam was directed to maintain a flexible monetary policy, stabilise interest rates and ensure affordable financing for key infrastructure projects and productive sectors.

The Ministry of Industry and Trade was tasked with securing energy supplies, updating the national power development plan and expanding export markets in coordination with the Ministry of Foreign Affairs.

The Prime Minister also called for faster development of national databases, implementation of the Government's 100-day action plan to remove digital transformation bottlenecks, and stronger implementation of the Politburo’s Resolution 57 on science, technology, innovation and digital transformation.

The Ministry of Education and Training was instructed to ensure preparations for the new academic year while strictly handling irregularities related to the 2026 national high school graduation examination.

Meanwhile, the Ministry of Health was asked to continue nationwide health screening programmes and accelerate plans to modernise pharmaceutical and medical equipment supply systems.

No room for delays

Concluding the meeting, the Prime Minister said action plans to implement the Party Central Committee's recent resolutions and conclusions would soon be finalised, with ministries required to complete or update their own implementation plans before August 10.

He urged all government agencies to continue supporting businesses and citizens, strengthen decentralisation alongside greater accountability, and improve the effectiveness of public administration.

The Prime Minister maintained that accelerating institutional reform, streamlining administrative procedures and mobilising development resources would be essential to sustaining economic growth and ensuring Vietnam does not miss its development opportunities.