Vietnam has approved a resolution that raises the budget deficit for 2027 to 4.5% of GDP, surpassing the 4.2% deficit from 2026. The government plans to invest heavily in critical infrastructure projects to achieve at least double the current growth rate. The Assemblies National Assembly approved this decision on November 9, 2026.

The Vietnamese government has set a budget deficit for 2027 of 739,6 trillion dong (approximately $28.9 billion), equivalent to 4.5% of GDP, according to the official network. This is an increase compared to 4.2% of 2026. The National Assembly has forecasted a 9.1% increase in public revenue over 2026, while asking the gavel to intensify efforts against price gouging and tax evasion and recover unpaid debts, as explained by the post. Additionally, the government was informed to broaden the tax base, particularly focusing on online transactions and enterprises based on digital platforms and mines. Vietnam is seeking to extend its sources of financing, even though the growth ambitions and infrastructure project are already heavily affected by the central bank. The Ministry of Finance had conversations with international creditors to offer a sovereign American bond of up to $1 billion, which would be the first such issuance since 2014, but authorities continued to discuss without a launch date. These decisions highlight the need to further increase taxes and public procurement while trying to maintain support from the government to help small businesses and individuals grow and consume. The minimum aspiration of the Vietnamese government is at least 10% economic growth, but authorities have warned that there will be significant challenges, including rising inflationary pressures and increased capital and energy demands. Business losses in October 2026 were higher than twice those of 2025, as reported by the state news agency. A survey by the Vietnam Chamber of Commerce found that compliance with taxes remains one of the most important issues: 93% of entrepreneurs declared difficulties with tax procedures, 92% mentioned accounting obligations, and 92% expressed concerns about early payment and invoicing costs in 2026.