Vietnam looks to expand fiscal space to support double-digit growth
Hanoi, May 16 -- As Vietnam targets economic growth of at least 10% in 2026, fiscal policy is expected to shift from a traditional budget-balancing role to a more proactive driver of growth, with spending efficiency emerging as the decisive factor. State budget revenue in the first four months of 2026 was estimated at 1.11 quadrillion VND (42.1 billion USD), equal to 44% of the projection, up 15.2% year-on-year, indicating still-positive fiscal space. However, economists say the key issue is no longer how much the State collects, but how effectively it spends to generate spillover effects, boost investment, expand production capacity, and sustain sustainable economic growth momentum. Vietnam's GDP grew 7.83% in the first quarter, a solid ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.