The State Bank of Vietnam (SBV) issued a press release stating that some credit institutions have not strictly followed its directive to lower interest rates, and have instead raised rates. The SBV has ordered regional branches to inspect commercial bank branches and strictly handle violations.
The State Bank of Vietnam continues to direct commercial banks to reduce deposit and lending rates, with inspections and strict handling of violations, amid some banks raising rates despite the directive. Deposit rates remain high, with the highest at 8.8% per annum for short terms and average 12-month rates at 8.31%.
Hanoi's Department of Construction tightens management of real estate trading floors, requiring them to review operational conditions and complete legal documents by May 28 to enhance market transparency.
The State Securities Commission fined Pham Thuy Lieu, a relative of the CEO of Tien Len Steel Group, nearly 480 million VND for illegally selling 2.4 million TLH shares without disclosure. TLH stock trades below par at 4,650 VND and remains under warning due to accumulated losses.
The Vietnamese government issued Decree 181/2026/ND-CP limiting state-owned enterprise leaders to a maximum of two terms at the same enterprise, with each term lasting 5 years.
The Deputy Prime Minister has ordered the removal of the registration procedure for apartment purchase contracts, aiming to reduce administrative burdens and compliance costs for real estate developers and homebuyers.
MSB has launched a project to comply with Circular 14 on capital safety, aiming for official adoption by 2029, with EY as independent auditor. The move aligns with Basel III standards and is expected to enhance risk management and capital resilience.
38 companies are paying cash dividends this week, with the highest rate at 30% (PAN Group). FPT pays 10% cash dividend and plans a 10:1 stock dividend; Hoa Phat pays 10% stock dividend; TCBS pays 20% stock dividend.
BIDV successfully issued 1.365 trillion VND in public bonds, achieving 36.91% of the registered offering, and announced a plan to increase charter capital by nearly 4.982 trillion VND via stock dividends.
Dien May Xanh (DMX), a subsidiary of Mobile World Investment Corporation (MWG), announced its IPO of 179.5 million shares at 80,000 VND per share, raising over 14,360 billion VND, with subscription starting May 27, 2026.
REE Corporation announces leadership transition: founder Nguyen Thi Mai Thanh steps down as Chairwoman effective July 10, 2026, with Lee Liang Whye succeeding as Chairman, and her son Nguyen Ngoc Thai Binh appointed as General Director.
Sacombank accepted the resignation of Deputy General Director Vu Minh Quan after less than half a year in office, amid ongoing leadership changes at the bank.
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.