“The State Bank of Việt Nam (SBV) will work with ministries and branches to carefully research the establishment of a gold exchange before proposing it to the Government at an appropriate time, SBV’s Governor Nguyễn Thị Hồng said on Monday. “The establishment of a gold exchange requires the SBV to coordinate with ministries and branches […]

“Recently, deposit interest rates in the primary market (serving households and businesses) have fallen at many banks, following strong directives from Government and SBV. Meanwhile, lending rates have remained stable or slightly declined. In the Interbank market, interest rates have also trended down and remained relatively stable as the SBV stopped withdrawing liquidity through treasury […]

“In the interbank market, the USD/VND exchange rate last weekend fell to 24,543 VND per dollar, down 47 VND compared to the previous week. Compared to the end of July, the interbank foreign exchange rate is currently down by about 2.8%. Meanwhile, the USD/VND exchange rate listed at domestic banks has also decreased. As of […]

“Excess rooftop solar power can be sold to the national grid at no more than 20 per cent of the installed capacity, according to a new Government decree on encouraging self-produced and self-consumed rooftop solar power issued on Tuesday. The new regulation, Decree No. 135, applies to rooftop solar power installations on houses, offices, industrial […]

“On the first working day of 2025, Bắc Ninh province granted investment registration certificates and investment approval decisions to 18 domestic and foreign enterprises, with a total registered capital of US$1.8 billion. Of the total, foreign direct investment (FDI) reached $1.67 billion, fulfilling the province’s yearly target. According to the director of the provincial Department […]

“Fines of between VNĐ900 million-1 billion (US$36,600-40,700) have been proposed for discharging domestic solid waste which contains radioactive substances, causing environmental contamination. The Ministry of Natural Resources and Environment (MoNRE) has also suggested fines of VNĐ500,000-1 million ($20-40) for households and individuals who do not properly classify domestic solid waste and do not use the […]

“The Ministry of Finance (MoF) has proposed Việt Nam’s value-added-tax (VAT) reduction should continue until at least June 2025, saying the tax cut has provided both the business community and the economy with much-needed support. According to the MoF, the two per cent VAT tax cut (from a ten per cent VAT tax rate ), […]

“Vice Chairman and General Secretary of the Vietnam Banks Association Nguyễn Quốc Hùng said it was necessary to amend the Law on Credit Institutions promptly to remove the bottleneck in handling bad debts, as they have been rising significantly. Hùng said despite efforts of banks in dealing with bad debts, the debts increased by about […]

“Magnus Frantzen Eidsvold, a spokesperson for Equinor, said that energy giant had discontinued its business development in Vietnam and closed its Hanoi office. This marks the first time Equinor has shut down an international office focused on offshore wind farm development. In recent years, the company has exited over a dozen countries where it had […]