Government steps up price control measures to curb inflation in late 2026
Vietnam has ordered stronger price control and market stabilization measures for the rest of 2026 as inflation pressures persist, with consumer prices in several localities rising faster than the national average. Vietnam’s inflation climbs amid strong foreign investment surge Ministry calls for inflation control, price stability during Tet holiday 7.2-percent wage hike proposal aims to ease…
In late 2026, the Vietnamese government intensified price control and market stabilization efforts to curb inflation, with consumer prices in several regions surging faster than the national average. Deputy Prime Minister Nguyen Van Thang signed Official Dispatch No. 70/CD-TTg on October 15, mandating stronger price management and control measures for the remaining months of the year to keep inflation within the set limit.
National data showed the Consumer Price Index (CPI) increased 4.52 percent year-over-year through the first nine months of 2026, with 14 provinces and cities posting a nine-month CPI growth rate surpassing the national average. This data underscores that price pressures remain pronounced in certain areas, demanding targeted, timely, and practical price management solutions suited to each region's market dynamics and consumption patterns.
To tackle these challenges and keep the 2026 CPI around the targeted 4.5 percent, the Prime Minister directed ministries, sectors, and localities to rigorously enforce government and Prime Minister directives on price management, control, and market stabilization. The State Bank of Vietnam pledged a proactive and flexible monetary policy, coordinated with fiscal and other macroeconomic measures, to manage interest rates and credit growth accordingly.
The central bank aims to meet legitimate foreign currency demand, tamp down imported inflation, and combat hoarding and market manipulation per existing rules.
Minister of Industry and Trade was tasked with ensuring a balanced supply-demand for essential goods and services, while other ministries, agencies, and local authorities were tasked with reviewing price adjustment plans within their jurisdictions. For the 14 localities where 2026's nine-month CPI growth outpaced the national average, immediate price management and control plans were required, focusing on commodities with steep price hikes that significantly impact the CPI and living costs.
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