Việt Nam News

The recent reduction in deposit interest rates by commercial banks has raised concerns about liquidity, especially among smaller institutions.

During a recent meeting with Party General Secretary Tô Lâm, SK Group Chairman Chey Tae-won outlined the company’s ambitions to partner with Việt Nam on energy projects, with a particular focus on LNG infrastructure, hydrogen energy and small modular nuclear reactors.

In terms of product type, latex rubber dominated exports to Malaysia, making up 76.5 per cent of the total rubber exports to this market in 2024.

Recently, the market has received support from factors like economic growth, macroeconomic stability, institutions, legal frameworks, planning, supply and demand.

The new land price frameworks, introduced under the 2024 Land Law, aim to align land prices with market values, but sudden price hikes in some areas have raised concerns in the real estate sector.

The State Bank of Vietnam (SBV) has recently sent a document to commercial banks to publicly and transparently announce the principles for assigning credit growth in 2025.

The Construction Development Investment Joint Stock Corporation (DIC) has recently announced the suspension of the issuance of 200 million shares to the public, at a price of VNĐ15,000 per share.

This goal follows the positive trade performance in 2024, which saw a continued trade surplus exceeding US$20 billion.

The special investment procedure marks a departure from the traditional pre-audit model, where extensive assessments and approvals precede project implementation, to a post-audit approach.

Temu, owned by Chinese e-commerce giant PDD Holdings, is considered one of the world’s fastest-growing e-commerce platforms, with sales estimated at $30 billion by the year-end. It started allowing shoppers from Việt Nam in October.

E-commerce growth has boosted Việt Nam's economy but created tax challenges, prompting revisions to the Tax Administration and VAT Laws for better compliance.

Credit institutions are reluctant to lend to the agricultural sector due to high risks while the lending interest rate is low, experts have said.

A contentious debate has arisen over whether Việt Nam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.

Vietnamese businesses need to step up the building of close relationships with partners and associations in the US.

In May, SBV launched an inspection campaign focussing on law compliance of gold trading enterprises, part of efforts to narrow the gap between international and domestic gold prices.

This significant restructuring of credit institutions opens up numerous growth opportunities for both the receiving and transferred banks.

The heavy damage of Typhoon Yagi to the agricultural sector has recently raised questions about the role of agricultural insurance and why it is not widely applied here.

Commercial banks are responsible for sharing the burden of those who were severely affected by Typhoon Yagi.