Vietnam Market Weekly Report

Vietnam's banking sector sees record household deposits of over 10.3 million billion VND, while the State Bank tightens deposit rate supervision and urges rate cuts of 1-2% to support growth.

DHC reported Q1 2026 net profit up 80% YoY to 137 billion VND, driven by higher paper prices and packaging demand after 200 small paper mills shut down due to environmental standards.

VEFAC reported record after-tax profit of over 15,402 billion VND in 2025, up 16 times year-on-year, driven by the launch of the Vietnam Exhibition Center (VEC).

VEFAC reported record after-tax profit of over 15,402 billion VND in 2025, up 16 times year-on-year, driven by the launch of the Vietnam Exhibition Center (VEC). The company retained all 2025 retained earnings for long-term development.

Viettel Global (VGI) announced a $560 million investment to establish Viettel Dominicana and build a telecom and digital infrastructure network in the Dominican Republic, marking its first major overseas deal in nearly a decade.

The State Bank of Vietnam signals a shift towards maintaining reasonable interest rates rather than keeping them low at all costs, amid rising deposit rates and global pressures.

The Prime Minister has assigned Deputy Prime Ministers to oversee and direct localities to achieve an economic growth target of over 10% in 2026 and beyond, with specific regional assignments.

The government approved the National Financial Inclusion Strategy 2026-2030, targeting 95% of adults having bank accounts and at least 30% having savings deposits by 2030, along with expanding digital financial infrastructure.

Deputy Prime Minister Pham Gia Tuc directs the State Bank of Vietnam to implement monetary and credit measures to boost domestic consumption, including consumer lending and cashless payments, as part of a broader government push to stimulate domestic demand.

The Ministry of Finance has withdrawn a proposal requiring banks and payment intermediaries to provide taxpayer account information to tax authorities, following feedback from the State Bank of Vietnam citing conflicts with data privacy laws and feasibility concerns.

Ho Chi Minh City is implementing a new mechanism to resolve legal bottlenecks for real estate projects, requiring businesses to update project issues on the 'System 45' by May 24.

Ho Chi Minh City is implementing a new mechanism to resolve legal bottlenecks for real estate projects, requiring businesses to update project issues on the 'System 45' by May 24. This aims to clear obstacles and unlock resources for economic growth.