Vietnam Market Weekly Report

Prime Minister Pham Minh Chinh has directed the mobilization of diverse resources for a national oil refinery and energy center project in Dung Quat, with an estimated investment of $16.1-20.5 billion.

Prime Minister Pham Minh Chinh has directed the mobilization of diverse resources for a national oil refinery and energy center project in Dung Quat, with an estimated investment of $16.1-20.5 billion. This strategic initiative aims to enhance national energy security, meet 30% of domestic fuel demand, and boost regional economic development.

Vietnam's Ministry of Agriculture and Environment is drafting regulations to define green projects and ESG standards, allowing businesses to self-assess for eligibility for green loan interest rate support.

Vietnam's Ministry of Agriculture and Environment is drafting regulations to define green projects and ESG standards, allowing businesses to self-assess for eligibility for green loan interest rate support. This policy aims to promote sustainable growth across sectors like renewable energy, EVs, and sustainable agriculture.

Vietcombank plans to issue over 1 billion bonus shares to boost its capital base, support business operations, and restructure weak credit institutions.

Vietcombank plans to issue over 1 billion bonus shares to boost its capital base, support business operations, and restructure weak credit institutions. The bank also targets over 44 trillion VND in pre-tax profit for 2025 and plans to establish a new subsidiary bank.

Global oil prices, including WTI and Brent, surged significantly due to fears of supply disruption in the Strait of Hormuz amid ongoing geopolitical tensions, with Brent reaching $109.03 and WTI $111.5.

Global oil prices, including WTI and Brent, surged significantly due to fears of supply disruption in the Strait of Hormuz amid ongoing geopolitical tensions, with Brent reaching $109.03 and WTI $111.5. This rise fuels concerns about increasing global inflation and hindering economic growth.

Vietnamese businesses are facing severe pressure from rapidly increasing input costs, especially energy and logistics, which are rising daily.

Vietnamese businesses are facing severe pressure from rapidly increasing input costs, especially energy and logistics, which are rising daily. Despite soaring production expenses, companies are struggling to pass these costs onto consumers due to reduced purchasing power, leading to potential losses and strained financial capacity.

Singapore fuel prices have returned to peak levels, with petrol and diesel prices rising significantly.

Singapore fuel prices have returned to peak levels, with petrol and diesel prices rising significantly. This surge is attributed to global oil price increases, which soared over 11% due to concerns about prolonged oil supply disruptions following US-Iran tensions.

TikTok plans to invest $125 million in Ho Chi Minh City, establishing three companies, contributing to the city's significant 220% year-on-year increase in Q1 foreign direct investment.

TikTok plans to invest $125 million in Ho Chi Minh City, establishing three companies, contributing to the city's significant 220% year-on-year increase in Q1 foreign direct investment. This investment reflects growing foreign investor confidence in HCMC's business environment.

Mr.

Mr. Phan Quốc Công has been appointed as the new CEO of PNJ, a leading jewelry retailer, bringing over 30 years of management experience.

The State Bank of Vietnam's SIMO system has successfully prevented nearly 4,000 billion VND in suspected fraudulent transactions across 99 credit institutions and 50 payment intermediaries, significantly enhancing security and consumer trust.

The State Bank of Vietnam's SIMO system has successfully prevented nearly 4,000 billion VND in suspected fraudulent transactions across 99 credit institutions and 50 payment intermediaries, significantly enhancing security and consumer trust. This comes as non-cash payments continue to grow robustly, supported by expanded infrastructure and biometric customer data verification efforts.

Prime Minister Pham Minh Chinh is pushing for the urgent construction of a strategic crude oil reserve storage facility in Nghi Son, Thanh Hoa, to enhance national energy security, mitigate supply risks, and boost the efficiency of the Nghi Son refinery.