Banking & Finance

Hanoi’s ambitious metro line expansion will require far more than fiscal capacity and new financing tools to deliver on its promise.

Under Decree No. 252/2026/ND-CP, individuals engaged in business activities and heads of household businesses will be subject to a temporary exit ban if they are under tax enforcement measures and owe at least VND50 million (nearly $2,000) in overdue taxes for more than 120 days.

Prime Minister Le Minh Hung also called for JBIC’s support in enhancing Vietnam’s economic autonomy and resilience by promoting Japanese investment in strategic sectors such as semiconductors, artificial intelligence, batteries, new materials, critical minerals, and high-tech industries.

The new service links the payment infrastructures of Vietnam's National Payment Corporation (NAPAS) and Singapore-based Liquid Group.

The groundbreaking of UOB Plaza Ho Chi Minh City marks a significant milestone as UOB becomes the first foreign bank to establish a purpose-built headquarters within the Vietnam International Financial Centre (VIFC-HCMC), underscoring its long-term ambition in Vietnam’s evolving financial landscape.

Vietnam needs to make comprehensive and well-coordinated preparations in order to successfully develop its International Financial Center and secure a competitive position on the regional financial map.