Resolution 109/NQ-CP: Updated Government Action Program Implementing the 14th Party Congress Resolution and Conclusion 18-KL/TW on 2026-2030 Socio-Economic Development

Overview

Resolution No. 109/NQ-CP, dated April 16, 2026, updates and supplements the Government's Action Program implementing the 14th Party Congress Resolution and Central Conclusion No. 18-KL/TW, dated April 2, 2026, on the 2026-2030 five-year plan for socio-economic development, national finance, public debt borrowing and repayment, and medium-term public investment, tied to the 'double-digit' growth target.

The Resolution takes effect from its signing date (April 16, 2026) and replaces Resolution No. 41/NQ-CP, dated March 11, 2026. Work already underway under Resolution 41/NQ-CP continues and is updated under the new Action Program.

Purpose and Requirements

The Action Program serves as the basis for ministries, agencies, localities, state economic groups, corporations and state-owned enterprises to build their own action programs, and as the basis for inspection, monitoring and evaluation of progress toward the country's 2026-2030 development goals.

Key Task Groups for Socio-Economic Development (Section II)

The Action Program groups tasks into 11 areas:

1. Unifying mindset and modernizing execution governance for the 'double-digit' growth target alongside macroeconomic stability.
2. Completing development institutions: shifting from 'pre-inspection' to 'post-inspection'; cutting administrative procedures and business conditions to a minimum; fully digitizing procedure-handling; targeting a business environment in ASEAN's top 3 and the world's top 30 by 2028; building legal frameworks for fintech, crypto assets and AI; piloting controlled regulatory sandboxes.
3. Establishing a new growth model driven by science, technology, innovation and digital transformation; developing the stock and corporate bond markets to reduce dependence on bank credit; expanding foreign ownership limits in sectors that do not affect national security; shifting FDI policy from tax-incentive-led to results-based incentives; making the private sector the economy's single most important driver, with priority support for small and medium enterprises and household businesses.
4. Developing high-quality human resources and modernizing education, including making English a second language in schools.
5. Breakthroughs in science, technology, innovation and digital transformation: reforming financing and investment mechanisms for science and technology; developing the semiconductor and AI industries; advancing e-government.
6. Building synchronized infrastructure: North-South expressways, high-speed rail, Long Thanh Airport phase 2, the Ninh Thuan 1 and 2 nuclear power plants, national data centers; a target of over 5,000 km of expressway by 2030.
7. Developing culture, society and social welfare; universal health insurance and basic free hospital care by 2030.
8. Managing natural resources, environmental protection and climate change response.
9. National defense and security, including economic, data and cyber security.
10. Foreign affairs and international integration.
11. Building a rule-of-law state and fighting corruption and waste; measuring the quality of law enforcement based on citizen and business satisfaction.

National Finance, Public Debt and Medium-Term Public Investment (Section III)

This is the part most directly relevant to businesses and tax/accounting professionals:

• Tax policy: build a modern, transparent, neutral tax system, limiting the use of tax policy to deliver social objectives.
• Local tax incentives: localities are barred from issuing mechanisms or policies for tax exemptions, reductions or incentives beyond what current tax law and other state revenue law allow (except under authority of competent bodies).
• Emergency tax and fee adjustments: the Government may proactively adjust taxes and fees in emergency situations to coordinate fiscal and monetary policy.
• State budget: preserving the central budget's leading role; strict cuts to recurring spending (conferences, seminars, official travel); from 2027, certain approved defense and security tasks previously funded off-budget will be brought into the state budget.
• Public debt: effective implementation of the Public Debt Management Law, greater transparency, and a push toward an investment-grade sovereign credit rating.
• Medium-term public investment 2026-2030: a 10% general contingency reserve; cutting the number of projects by at least 30% compared to 2021-2025; studying a merger of the Public Investment Law and the State Budget Law.

Organization of Implementation (Section IV)

Ministers, heads of ministerial-level agencies, provincial/municipal People's Committee chairs, and chairs/general directors of state economic groups, corporations and state-owned enterprises must:

• Update and supplement their own action programs by April 20, 2026, and report to the Prime Minister with a copy to the Ministry of Finance for consolidation.
• Translate the tasks into annual work plans with clear deliverables, approval levels and assigned responsibility.
• Implement tasks that already have clear directives immediately, without drafting additional project proposals.

The Resolution is signed on behalf of the Government by the Prime Minister.