HÀ NỘI — The Government has recently asked ministries to continue studying measures to supplement liquidity in the banking system, with an aim of meeting the country's double-digit growth target this year.

Resolution 168/NQ-CP updated Việt Nam's growth outlook and key solutions for the rest of the year to achieve the 2026 GDP growth target of at least 10 per cent while maintaining macroeconomic stability.

Under the resolution, the Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) have been asked to consider an increase of the ratio of time deposits from the State Treasury at commercial banks to supplement liquidity in the banking system.

“The MoF and the SBV need to closely coordinate the management of State Treasury deposits in commercial banks to support short-term capital for the economy,” the resolution states.

The Government has also instructed the MoF and the SBV to effectively coordinate the implementation of tasks and solutions assigned through Resolution 148/NQ-CP dated June 6, concerning the development of the securities and Government bond markets.

If temporarily idle State funds have not yet been allocated, they can be used to repurchase Government bonds or deposited in commercial banks for fixed terms. The MoF will decide on the specific cap for using the fund for fixed-term deposits in commercial banks, to enhance coordination between fiscal and monetary policies.

This move is being made as the country is working to achieve double-digit growth.

According to the Government, the uncertain global and regional economic situation, especially impacts from the conflict in the Middle East, significantly affected the Vietnamese economy in the first half of 2026.

Despite this, economic growth continued to be promoted in Việt Nam while maintaining macroeconomic stability, controlling inflation and ensuring balance, but achieving the 2026 growth target of 10 per cent or more will still be a challenge.

To successfully achieve the goal of sustainable double-digit economic growth this year, the Government also asked the SBV to implement other solutions to stabilise interest rates, ensure liquidity for the economy and stabilise the monetary and foreign exchange markets to control inflation.

The central bank needs to closely monitor and assess the situation and update and analyse the international balance of payments monthly, as well as the import and export situation, investment flows, international financial and monetary markets and factors affecting exchange rates and the foreign exchange market.

The SBV must also coordinate with the MoF, the Ministry of Industry and Trade and other relevant ministries and agencies to monitor foreign currency inflow and outflow, especially by enterprises with large import and export turnover, to develop appropriate solutions.

It should also strengthen measures to manage and supervise the foreign exchange market and stabilise it.

Credit control should be implemented in areas with potential risks, while mechanisms and solutions should be in place to ensure credit funding for key large-scale projects and projects approved by the National Assembly.

The credit cap should be adjusted appropriately.

Bad debt resolution should also be accelerated and the restructuring of weak credit institutions should continue.

Meanwhile, credit quality should be improved, channelling credit towards production and business sectors, priority sectors, economic growth drivers and key projects serving socio-economic development. — BIZHUB/VNS