(BNP) – On the morning of March 4, Prime Minister Phạm Minh Chính chaired the Government’s regular meeting for February 2026, held online with localities nationwide. This was the Government’s first meeting after the Lunar New Year (Year of the Horse) 2026. The meeting took place in person at the Government Headquarters and was connected online to the People’s Committees of 34 provinces and centrally governed cities.
Overview of the meeting in Bac Ninh.
Attendees included Deputy Prime Ministers; the Deputy Secretary of the Government Party Committee; ministers and heads of ministerial-level and Government agencies; representatives of central Party and National Assembly bodies; leaders of provinces and centrally governed cities; and leaders of state-owned corporations and economic groups.
At the Bac Ninh bridge point, the meeting was attended by Mr. Pham Hoang Son, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee, along with leaders of several departments, agencies, and localities.
At the meeting, participants reviewed the socio-economic situation in February and the first two months of 2026; the allocation and disbursement of public investment; the implementation of three National Target Programs; the Government’s direction and administration; the performance of assigned tasks in February; and key tasks for March and the coming period.
According to the report, despite numerous difficulties and challenges, Vietnam’s socio-economic situation in the first two months of 2026 achieved positive results, improving compared to the previous month and the same period last year, thereby creating momentum for further progress.
Macroeconomic stability was maintained, inflation remained under control, growth was promoted, and major economic balances were ensured. The consumer price index (CPI) in the first two months rose by nearly 3% year-on-year. State budget revenue reached VND 601.3 trillion, equivalent to 23.8% of the estimate and up 13.1% year-on-year, despite tax and fee reductions and extensions of about VND 30.2 trillion to support production and business activities.
Total import-export turnover reached USD 155.7 billion, up 22.2% year-on-year. Ministries, agencies, and localities allocated VND 975.5 trillion in public investment capital for 2026, achieving 96.7% of the plan assigned by the Prime Minister. Disbursement by the end of February reached VND 55.74 trillion, higher by VND 10.9 trillion compared to the same period in 2025. Key economic sectors maintained positive growth, with the Index of Industrial Production (IIP) increasing by 10%, including an approximately 11% rise in manufacturing and processing industries.
In February, ministries, sectors, and localities strictly implemented directives on ensuring a joyful, safe, and economical Lunar New Year. Social welfare and Tet support programs were carried out effectively nationwide. Efforts in institutional improvement, administrative reform, business environment enhancement, national digital transformation, online public services, and addressing challenges in the operation of the two-tier local government system were strengthened. National defense and security were reinforced, political security and social order were maintained, and traffic safety and fire prevention measures were implemented synchronously.
Mr. Pham Hoang Son, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee speaks at the meeting.
Speaking at the meeting, Chairman Pham Hoang Son stated that, in line with the Prime Minister’s “Four No’s” directive, Bac Ninh’s political system had proactively implemented tasks from the beginning of the year, achieving initial positive results. Industrial production continued its growth momentum, with output value exceeding VND 400 trillion in the first two months, up 19.5% year-on-year. Import-export turnover reached USD 31.1 billion, while state budget revenue was nearly VND 26 trillion. Infrastructure development had been prioritized, with many key projects launched and implemented simultaneously, creating spillover effects for growth.
The implementation of the Gia Binh International Airport project and related works had achieved notable progress, particularly in construction and grave relocation. Before the 23rd day of the last lunar month, more than 8,000 graves within the project area were relocated. To date, all agricultural land had been cleared, and compensation plans for 165 hectares of residential land were being implemented to ensure timely handover to contractors.
In March 2026, Bac Ninh would continue to strictly follow central directives, effectively implement the Resolution of the 14th National Party Congress and the Prime Minister’s Directive No. 06/CT-TTg, and focus on successfully organizing elections for the 16th National Assembly and People’s Councils at all levels for the 2026–2031 term.
Amid increasingly complex global developments, including escalating conflicts in the Middle East affecting global supply chains and volatile U.S. trade policies, the province had directed relevant agencies to closely monitor the situation and support businesses, aiming for double-digit economic growth in 2026.
Bac Ninh also proposed that the Government adopt special mechanisms for the construction of the road connecting Gia Binh International Airport with Hanoi, to ensure synchronization with the airport project’s progress.
In his concluding remarks, Prime Minister Pham Minh Chinh emphasized that, thanks to the concerted efforts of the political system, people, and business community, the country achieved important socio-economic results. However, challenges remain, including pressures on macroeconomic management, inflation, exchange rates, interest rates, and capital requirements for achieving 10% growth.
The Prime Minister called on all levels and sectors to act with greater determination and urgency, avoid delays, and effectively implement assigned tasks. He stressed the need to closely monitor global developments, improve forecasting capacity, proactively respond with appropriate policies, mobilize resources for growth, and promote both traditional and new growth drivers, while ensuring macroeconomic stability and sustainable development.
