Government Issues Resolution No. 23/NQ-CP

The government has just issued Resolution No. 23/NQ-CP following the regular government meeting in January 2026, emphasizing the need for proactive, flexible, and effective monetary policy management, closely coordinating with selective expansionary fiscal policy to maintain macroeconomic stability, control inflation, and ensure major economic balances. The government aims for GDP growth of about 8% in the first quarter of 2026, and strives for an annual growth rate of 10% or more.

A notable content in the Resolution is the directive to urgently put into operation the trading markets for digital assets, gold, and real estate by February 28, 2026. Accordingly, the government requires the pilot implementation of a digital asset trading platform, while quickly completing and putting into operation the gold and real estate trading markets, ensuring safety, health, openness, and transparency.

In parallel, the government also directs the acceleration of the formation and effective operation of the International Financial Center in Vietnam, aiming to attract capital flows from global financial institutions, banks, and investment funds. This is considered an important foundation to support the development of new asset markets in the near future.

In the real estate sector, the Resolution continues to emphasize the requirement to develop the market in a safe and sustainable direction, focusing on promoting the role of the National Housing Fund, boosting the construction of social housing, especially rental housing. The government aims to complete over 158,000 social housing units in 2026, while requiring economic groups and state-owned corporations to accelerate production and business activities from the beginning of the year, striving for a minimum growth in output or revenue of 10%.

Previously, in a directive on January 24, the Prime Minister requested the State Bank to urgently complete research, evaluation, and propose a plan to establish a national gold exchange or trading floor, reporting to the Standing Government in January. The National Assembly has also repeatedly urged the government to soon provide a roadmap and appropriate solutions to stabilize the gold market.

After more than a decade of managing the gold market mainly through administrative measures, Vietnam’s gold policy is entering an important adjustment phase. Decree 232/2025/ND-CP, amending Decree 24/2012/ND-CP, has ended the state monopoly on gold bar production, paving the way for a more institution and market mechanism-based approach.

In this context, the formation of a national gold exchange is expected to standardize prices, enhance transparency, and contribute to long-term gold market stability, in line with the development trend of modern asset markets.