Novaland (NVL) announced its 2026 business plan, projecting revenue to more than triple to VND 22,715 billion, while net profit is expected to remain flat at VND 1,852 billion, citing high interest rates and rising construction material costs.
Saigontel (SGT) reported 2025 net profit of 327.16 billion VND, up 2.5x year-on-year, and plans a 10,000 billion VND LNG port project and a capital increase via a 1:1 rights issue to fund its shift to green energy and digital infrastructure.
Over 20 commercial banks, including major state-owned and private banks, have simultaneously reduced deposit rates, paving the way for a trend of lower lending rates, following a directive from the State Bank of Vietnam.
The State Bank of Vietnam (SBV) leadership states that credit growth targets can be adjusted based on actual conditions and absolutely ensures liquidity for the banking system, with many commercial banks having already cut deposit rates following SBV directives.
Novaland announces it has completed its restructuring and sets a 2026 revenue target of VND 22,715 billion, which is 3.26 times (226% higher than) its 2025 revenue, alongside a net profit target of VND 1,852 billion.
VDSC analysis highlights persistent credit-deposit growth gap in Vietnam's banking system, increasing reliance on State Treasury funds, leading to upward pressure on deposit interest rates and a likely continued USD/VND appreciation trend in 2026.
The State Bank of Vietnam reports over 20 commercial banks have cut deposit rates by 0.1-0.5% p.a. following a meeting with the Governor, creating a basis for further lending rate reductions to support the economy.
Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha discussed interest rates, exchange rates, and credit developments in Q1/2025, noting the SBV's commitment to maintaining stable policy rates and coordinating with fiscal policy to support growth and control inflation.
Vietnam and Slovakia held a business forum to strengthen economic cooperation, with Vietnam positioning itself as an attractive investment destination bridging Slovak enterprises into ASEAN markets.
The world's largest container shipping line, MSC, through its affiliate, has been approved as an investor in the $5 billion Can Gio International Port project in Ho Chi Minh City.
The State Bank of Vietnam has received 11 applications for licenses to produce gold bars and import gold, indicating regulatory changes in the gold market aimed at stabilization.
Vingroup reported 2025 consolidated revenue of VND 331.874 trillion, up 75% YoY, with net profit doubling to over VND 11.064 trillion, a record high. The company also forecasts 2026 revenue of VND 450 trillion (up ~36%) and net profit of VND 25 trillion (up 2.2x).
Vietnam's traffic police penalty authority is proposed to increase significantly, with maximum fines rising up to 75 million VND (approx. USD 3,000), affecting enforcement powers across different ranks.
Đà Nẵng's People's Council (HĐND) convenes its first session to establish policies focusing on economic revitalization through innovation, green economy initiatives, infrastructure projects, and attracting strategic investors.
Thanh Niên - Tài chính
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