Vietnam Market Weekly Report

The State Bank of Vietnam issued Directive 9608/NHNN-CSTT requiring credit institutions to cut deposit rates by at least 0.5%/year and lending rates by 1.5-2%/year for priority sectors, with sanctions tied to 2026-2027 credit growth quotas.

The State Bank of Vietnam issued Directive 9608/NHNN-CSTT requiring credit institutions to cut deposit rates by at least 0.5%/year and lending rates by 1.5-2%/year for priority sectors, with sanctions tied to 2026-2027 credit growth quotas. At least 19 banks cut deposit rates within two days, though VDSC expects deposit rates to stabilize rather than fall deeply in 2027 due to the large funding-credit gap.

Economists argue Vietnam's 10%+ GDP growth target for 2026-2030 requires 280-300 billion USD of annual investment, so capital mobilization must shift beyond bank credit toward equity and corporate bond markets.

Vietnam's tax authority is running a campaign to clean up and standardize tax identification numbers, closing the records of roughly 125,000 defunct companies and branches by end-August 2026, up about 30% from end-2025, to reduce legal risks and improve tax data quality.

Ho Chi Minh City issued a plan to convert the nearly 110-hectare Le Minh Xuan expanded industrial park into social housing development, requiring land-use function changes and project termination procedures by October 2026.

The National Assembly discussed amendments to the Law on Handling Administrative Violations, including proposals to temporarily bar individuals or organization heads from exiting Vietnam if they fail to comply with administrative penalty decisions, plus measures to seal premises and cut electricity/water supply to enforce penalties.

The Vietnamese government approved a pilot program for small electric three-wheelers for urban waste collection and logistics, with state-owned Nam Trieu (Ministry of Public Security) showcasing made-in-Vietnam models.

The Vietnamese government approved a pilot program for small electric three-wheelers for urban waste collection and logistics, with state-owned Nam Trieu (Ministry of Public Security) showcasing made-in-Vietnam models. The niche market remains unaddressed by major EV players like Pham Nhat Vuong's VinFast.

CII adjusted the use of 2,500 billion VND in convertible bond proceeds, shifting 300 billion VND from its expressway project contribution to repay maturing bond principal due October 14, 2026.

CII adjusted the use of 2,500 billion VND in convertible bond proceeds, shifting 300 billion VND from its expressway project contribution to repay maturing bond principal due October 14, 2026. The company says the change does not affect project funding or progress.

At a State Bank of Vietnam conference, HDBank and Vikki Digital Bank pledged VND124,500 billion (~USD4.98bn) to finance four infrastructure, financial and urban projects in HCMC and Dong Nai, with VietinBank, NCB, Agribank, MB and Vietcombank also signing sponsorship agreements for regional projects.

Bank of Ayudhya (Krungsri), a member of Japan's MUFG, completed payment to SHB for the full transfer of 100% of SFinance (formerly SHBFinance), making SFinance a wholly-owned Krungsri subsidiary.

The Government proposed raising maximum administrative fines to 1.5 billion VND for individuals and 3 billion VND for organizations, adding enforcement measures such as exit bans and suspension of electricity, water, and internet services.