News · CafeF

Finance Minister Explains Inflation Control and Disbursement Progress

Finance Minister Ngô Văn Tuấn said economic growth reached 9.01% and inflation 4.52% in the first nine months, with rising oil prices tied to geopolitical conflicts as the main price pressure. Brent was forecast to average $79 per barrel in 2026 but had risen to $118-120 at the time of his remarks, while the government is rolling out tax exemptions, reductions and extensions with total support of about 360,000 billion VND in 2026. Market capital mobilization rose 15% in the first nine months, and 10 IPOs since late 2025 raised over 60,000 billion VND, nine times the total for 2021-2025. Public investment disbursement reached 62.9% after nine months, but advances still account for about 37%, and the minister acknowledged that budget forecasts have not closely matched actual results.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Bộ trưởng Tài chính lý giải về kiểm soát lạm phát và tiến độ giải ngân

Read the original on CafeF ↗

Keywords

inflationoil pricesGDP growthbudgetIPO

Open a keyword to see other news on the same topic.

Related tickers and likely impact

VNINDEX

▲ Likely positive

Relevance: low

MarketVietnam stocks
Close on 10/30/20261,741.62
Change that session-0.80%
VNINDEX price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Dalal Street Week Ahead: Jio IPO, Q2 earnings, China GDP, oil prices, PMI flash numbers among 10 key factors to watchmoneycontrol.com·IndiaGDP growthoil prices
  • ECONOMIC WEEK AHEAD | Godongwana expected to trim GDP forecast

    Finance Minister Enoch Godongwana is likely to trim his 2026 growth forecast, which was 1.6% in the February budget, in his medium-term budget policy statement to parliament on Wednesday. The US war against Iran has hurt manufacturing and mining and pushed inflation sharply higher, and the South African Reserve Bank and the IMF have already cut their forecasts significantly. Spending for the first five months of 2026/27 reached 42% of the budget versus 41% a year earlier, while revenue of R812bn trailed the R868bn implied by the main budget, according to Investec economist Annabel Bishop. This week, Sacci releases its September business confidence index on Monday, and Stats SA publishes September consumer inflation on Wednesday, with Absa economists expecting a 0.2 percentage point rise to 4.6% on fuel prices.

    businessday.co.za·GDP growthbudgetinflation
  • Türkiye targets 4 . 2 % growth in 2027 as government unveils budget proposal

    Vice President Cevdet Yilmaz said Türkiye expects economic growth to rise to 4.2% in 2027 from a projected 3.3% this year, supported by a better global outlook and a recovery in external demand. The 2027 budget proposal projects a shortfall of $78.1 billion, equal to 3.5% of GDP, or 2.8% excluding earthquake-related spending. Annual inflation, which fell below 30% in September, is forecast to reach 28.4% by the end of this year and decline to 21% by the end of 2027. The government also expects employment to rise by 657,000 next year and unemployment to fall to 8%.

    aa.com.tr·TurkeybudgetGDP growth
  • Deputy PM: Economy growing fast but management pressures mounting

    Vietnam's GDP grew 9.01% in the first nine months, but Deputy Prime Minister Pham Gia Tuc warned of mounting policy pressures and said Q4 growth must reach 12.5% to meet the full-year target while keeping inflation around 4.5%. 24 of 34 provinces posted nine-month growth below their full-year targets, with Hanoi needing 16.55% in Q4 and Ho Chi Minh City 13.23%. Other points include a trade deficit of 19.42 billion USD over nine months, average CPI up 4.52%, and public investment disbursement at 62.9% of plan. For 2027, the government targets GDP growth of 10% or more, with budget revenue rising about 9.1%, and savings of 5% of public investment and 10% of regular spending to fund priority projects and social security.

    VnExpress·▲ VNINDEXGDP growthinflationVietnam
  • Targeting GDP growth of 10% or more in 2027, with substantive change in implementation

    2027 is set as a year of acceleration, targeting GDP growth of 10% or more while maintaining macroeconomic stability and controlling inflation. At a nationwide conference on October 16, Standing Deputy Prime Minister Phạm Gia Túc reported 9-month GDP growth of 9.01%, full-year state budget revenue estimated to exceed the estimate by 20.8%, and a full-year budget deficit of about 4.1% of GDP. The government has issued 32 action programs and cut 53% of administrative procedure time and 55% of compliance costs. Average CPI for the first nine months rose 4.52% year on year, and implementation was identified as the weakest link that still needs to be addressed.

    CafeF·▲ VNINDEXGDP growthinflationbudget
  • US Economy Grows Most in a Year on Strong Spending, Investment

    Kevin Gordon, Schwab's head of Macro Research & Investing, said the negative public perception of the economy, driven by fears about AI and the labor market, is an 'interesting divergence' from the economic data. He noted third-quarter GDP came in stronger than expected, with strong business investment and resilient consumer spending, even as consumer sentiment remains weak. He expects inflation to be 'pretty sticky' due to the Middle East conflict, rising oil prices, lingering tariff effects, and the coming impact of the spike in diesel prices. Although the stock market has had sharp drops, it has continued to see many record highs.

    Yahoo Finance·▲ SPY▲ DXY▲ QQQ▼ XAU/USDGDP growthinflationoil prices

Related markets

Vietnam stocks →

Latest news

  • The Force Behind Zelensky Defying Trump's Order

    Russian Deputy Prime Minister Alexander Novak said on October 30 that Ukraine resumed drone attacks on three Russian oil refineries and one gas chemical complex, causing light damage to one facility. Presidential adviser Yuri Ushakov said Ukraine was ignoring President Trump's call to stop the attacks and was counting on European support. According to the Wall Street Journal, Ukraine had informally paused attacks on Russian refineries from mid-October under U.S. pressure, out of concern that rising global fuel prices would hurt Washington before the midterm elections on November 3. President Zelensky denied a full halt order, saying the military had only become more cautious. The Kremlin said the attacks would not hinder preparations for talks between Russia, Ukraine and the U.S.

    CafeF·▲ XAU/USDUkraineRussiaoil prices
  • Vietnam City Holds 8.8 Billion Tons of ‘Black Gold,’ 3.6 Billion Tons Lie Less Than 300m Underground

    Quang Ninh, which accounts for over 90% of Vietnam's national coal reserves, is estimated to hold 8.8 billion tons of coal, with 3.6 billion tons less than 300 meters deep. Coal was long the province's economic backbone, but the mining share of its economy fell from about 35% in 2010 to 8.11% of GRDP in 2025 as the locality shifted toward green development, services and processing industries. Quang Ninh's economy grew nearly 10% a year on average over 2021–2025 and rose 11.89% in 2025, with GRDP reaching 368,445 billion VND and per-capita GRDP of $10,402. Since September 1, Quang Ninh has officially become the eighth centrally run city of Vietnam, after the National Assembly approved its establishment with all attending delegates voting in favor.

    CafeF·▲ PVD▲ PVTminingcoalGDP growth
  • Amazon Plans to Spend More on AI. Here’s Why the Stock is a Once-in-a-Decade Buy Hiding in Plain Sight.

    Amazon reported earnings below estimates and a deeper-than-expected negative free cash flow, while saying it plans to spend “meaningfully more” on AI next year; the stock fell afterward and was down 14% from its August high. AWS revenue grew 39% to $46 billion, and the company kept its capital spending forecast for the year at $220 billion. Trailing 12-month free cash flow was negative $42 billion due to property and equipment purchases. CEO Andy Jassy said AWS, now at a $184 billion annual run rate, could become a trillion-dollar revenue business within five to 10 years; the author argues the worries about AI spending may be overdone and that Amazon is reasonably priced at 30x forward earnings.

    Yahoo Finance·▲ AMZN▲ NVDAAMZNAI investmentcloud computing
  • President Donald Trump Claims, "Tariffs Are Making Us Much Richer," but Economists Show They Have Unintended Consequences

    President Trump has said tariffs are making the U.S. much richer and bringing in “trillions of dollars,” but the article cites research showing a more complicated picture. The Tax Foundation projects the tariffs will raise $1.426 trillion in revenue over 2026–2035, while also reducing full-time-equivalent employment by 338,000 jobs and cutting GDP by 0.4%. Three New York Fed economists estimate that the 2025 tariffs added 2.9 percentage points to goods price inflation by February 2026, and that without them goods prices would have fallen slightly. They estimate a 10% across-the-board tariff raises consumer goods prices by 2.6% after one year, mostly through pricier imports and partly through higher input costs for U.S. producers.

    Yahoo Finance·▼ SPY▼ QQQtariffsDonald Trumpinflation
  • Deputy PM: Electricity Prices Expected to Fall 2%, Gasoline Special Consumption Tax Cut to 0%

    The government is directing Vietnam Electricity (EVN) to cut costs to lower retail electricity prices by about 2% until March 31, 2027, and plans to cut the special consumption tax on gasoline from 7% to 0% from November to the end of 2026, at a cost of about 4,000 billion VND. Deputy Prime Minister Nguyen Van Thang said these measures create about 0.07 percentage points of room to keep inflation within the National Assembly's 4.5% target, while nine-month CPI rose 4.52%. Nine-month GDP grew about 9.01%, but reaching 10% for the full year requires fourth-quarter GDP growth of 12.5%, which the government calls a very big challenge but not impossible. Public investment disbursement exceeded 720 trillion VND as of October 29, above 75% of the plan, and the government has allocated 3.15 million billion VND of the 3.42 million billion VND in medium-term public investment capital approved by the National Assembly.

    CafeF·▼ NT2▼ PC1▼ POW▼ PPCinflationelectricitytaxes
  • Here's Why I Haven't Bought SpaceX Stock and Probably Never Will

    The author says he has not bought SpaceX (SPCX) even though the stock rose 25% over the three months to October 22, mainly because he does not fully understand the company, despite its leadership in space launches, satellite communications and AI. He cites other concerns: a price-to-sales ratio of about 58 versus 3.5 for the S&P 500, a profit only in the most recent quarter, cash burn of around $10 billion in that quarter, no dividend, and doubts about CEO Elon Musk's leadership. The author considers the case against the stock strong, since many things would have to go right for the company, which is far from guaranteed.

    Yahoo Finance·SpaceXElon Muskvaluation

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.