The Vietnamese National Assembly is discussing a government proposal to reduce environmental protection tax, VAT, and special consumption tax on various fuels to 0 VND until the end of the year, aiming to support businesses and citizens amidst global energy price fluctuations.
The article details the official assignment of duties for Vietnam's Prime Minister and six Deputy Prime Ministers, outlining their specific responsibilities across various government ministries and national strategic areas.
Vietnam announced it will pilot a regulated digital asset exchange from Q2/2026, alongside new tax regulations for crypto transactions. Five companies have applied for licenses, with CAEX securing investment from OKX Ventures and existing shareholders like VPBankS to meet capital requirements.
The Asian Development Bank (ADB) forecasts Vietnam's GDP growth at 7.2% in 2026, the highest in Southeast Asia, driven by flexible government policies, exports, industrial production, and investment. This robust outlook significantly surpasses the regional average, indicating strong economic momentum.
Khanh Hoa province is deploying the Ca Na LNG Thermal Power Plant project, a 57.385 trillion VND investment by Trung Nam Group, aiming to provide 1,500 MW of power and enhance national energy security by 2030. This major infrastructure project, part of Power Master Plan 8, also includes a deep-water port and supports Vietnam's clean energy transition.
The Prime Minister outlined Vietnam's economic strategy, emphasizing stable growth over 'hot growth' that risks macroeconomic instability, and highlighted the critical need for institutional reform and unlocking stalled project resources to achieve long-term development goals.
The Ministry of Finance is finalizing a revised decree on private corporate bond issuance, expected in April 2026, to enhance market transparency, discipline, and facilitate corporate capital mobilization. This new regulation aims to replace previous decrees, clarifying responsibilities and standardizing conditions for professional investors.
US inflation remains stubbornly high, with PCE data exceeding the Fed's 2% target, coupled with weak income growth and revised down GDP, making a Fed interest rate cut unlikely soon and raising stagflation risks. This persistent inflation, exacerbated by rising oil prices, suggests a 'higher-for-longer' interest rate environment in the US.
ACB successfully held its Annual General Meeting, approving ambitious 2026 targets including 14% pre-tax profit growth, a 13% capital increase, and a 20% dividend distribution (7% cash). The meeting saw record shareholder attendance and positive engagement with leadership.
Prime Minister Le Minh Hung outlined key economic priorities, emphasizing institutional reform, administrative streamlining, resolving stalled projects, and boosting infrastructure and energy development to achieve sustainable growth without 'hot' expansion.
FTSE Russell's confirmation of Vietnam's stock market upgrade roadmap triggered a significant market rally and increased liquidity, with experts generally advising re-entry due to improved macro conditions and attractive valuations. This news, coupled with easing geopolitical tensions, is expected to drive a sustainable recovery.
Foreign investors are showing strong net buying on HOSE for the third consecutive session, with March seeing the highest number of new foreign institutional accounts in four years, signaling potential 'front-running' ahead of a market upgrade. This capital inflow is concentrated in key large-cap stocks, contributing to a positive market sentiment despite mixed overall index performance.
Prime Minister Le Minh Hung stated that Vietnam will prioritize macroeconomic stability over high growth and aims for double-digit growth for the 2026-2030 term, emphasizing institutional reforms as a key driver.
ADB warns that Vietnam's corporate bond market is excessively dependent on bank credit, creating an imbalanced capital market and posing financial risks that could hinder long-term economic growth. This structural weakness, coupled with rising NPLs and liquidity pressure in banks, is a significant concern for financial stability.
The VN-Index dropped 6.2% YTD 2026 and 10.9% in March, falling to 11th regionally due to an oil price shock from Middle East tensions. Despite panic selling, the market saw bottom-fishing, leading to increased liquidity and more attractive valuations with expectations for recovery.
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.