Vietnam: Preparation of the national financial plan for the 2026 - 2030 period

Preparation of the national financial plan for the 2026 - 2030 period in Vietnam

The Prime Minister of Vietnam requires the ministries, ministerial-level agencies, agencies under the Government of Vietnam, other central authorities (ministries, central authorities), and provinces and municipalities to implement the work of building the national financial plan for the 2026 - 2030 period.

The tasks in preparation of the national financial plan for the 2026 - 2030 period in Vietnam are as follows:

- Forecast the global and domestic political, economic, and financial context and situations that affect the capacity to mobilize and the demand for using financial-state budget resources in the 2026 - 2030 period.

- Analyze the difficulties, challenges, and factors affecting the development and implementation of the general and specific objectives in the 2026 - 2030 period.

- Develop the general and specific financial-state budget objectives, including:

+ Revenue and revenue structure of the budget, expenditure and expenditure structure of the budget;

+ State budget deficit;

+ Debt of the Government of Vietnam, public debt, and the foreign debt of the nation;

+ Mobilization and distribution of resources, and the structure of the state budget in the 2026 - 2030 period.

- Determine the state budget balance framework for the 2026 - 2030 period, including:

+ Total state budget revenue, detailed revenue structure by sector;

+ Total state budget expenditure, detailed by the structure of development investment expenditure, national reserve expenditure, regular expenditure, interest payment expenditure, aid expenditure, and other expenditures; factors affecting state budget expenditures, including the comprehensive implementation of wage reform policies and policies on pensions, social insurance, and preferential allowances for meritorious persons, and social allowances;

+ Balance the state budget: State budget deficit, central budget deficit; total borrowing of the state budget, including borrowing to cover deficits and borrowing for principal repayment.

- Debt management criteria as prescribed by the Law on Public Debt Management for the 2026 - 2030 period, associated with the orientation of attracting new-generation ODA capital.

- Financial solutions tasks to implement the national five-year financial plan, including solutions to ensure the leading role of the central budget; solutions for state budget revenue; solutions for management to ensure expenditure structure and efficiency of state budget expenditure; solutions for management to ensure safety and sustainability of public debt; solutions for the development of financial markets and services, mobilizing international resources in emerging sectors; management of public assets, state-owned enterprises, innovation of public service providers, and state management sectors.

Detailed content may be found in Directive 18/CT-TTg issued on May 28, 2024.

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