Banking & Finance
Domestic gold prices continue downward trend
The prices of SJC-branded gold bars dropping by VND6-7 million ($228-$266) per tael on July 23.
Banking & Finance
Vietnam’s potential to become a global pioneer in Real-World Asset tokenization
Given that the global scale of the Real-World Asset (RWA) tokenization market remains modest, Vietnam has significant opportunities to anticipate the development wave and attract international capital flows.
Business
The Vietnamese IPO market recorded an impressive recovery in the first half of 2026
Vietnam recorded four IPOs in the first six months of the year, after none in the same period last year...
MoF ready to implement Public Debt Strategy to 2030
The Ministry of Finance’s plan on implementing the Public Debt Strategy to 2030, which has been approved by the Minister of Finance, outlines seven lists of tasks and projects, including a proposal to supplement and amend the Law on Public Debt Management in line with international practice. The 2030 public debt strategy sets a target that, by 2030, Vietnam’s public debt will not exceed 60 per cent of GDP, government debt will not exceed 50 per cent of GDP, and foreign debt will not exceed 45 per cent of GDP.
EuroCham President: SBV operating very well
Mr. Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham), told VnEconomy / VET that while devaluations of the VND have increased over the last two weeks, the currency remains strong, is improving, and is holding up better than many other currencies. The State Bank of Vietnam (SBV), he said, has been doing a good job.
HCMC’s 2023 budget revenue forecast at $20bln
Ho Chi Minh City’s budget revenue in 2023 has been forecast at about VND496 trillion ($20.6 billion). This figure is overwhelming for a city that has only recently overcome the Covid-19 pandemic. According to the Ministry of Finance, the city’s budget revenue in 2022 is estimated at VND427 trillion ($17.7 billion); the highest on record since the pandemic began.
SBV raises USD selling price again
The State Bank of Vietnam (SBV) increased the selling price of USD once more on October 24, from VND24,380 to VND24,870. The price has increased by a total of VND1,720 this year.
SBV increases interest rates
The State Bank of Vietnam (SBV) has decided to increase the refinancing interest rate, the rediscount rate, the ceiling interest rate for deposits under six months, and lending rates for priority sectors by 1 per cent. It also said it will closely monitor domestic and international market developments to quickly and flexibly manage monetary policy.
Stock market still popular among investors
As of the end of September, customer deposit balances at 32 leading securities companies had reached nearly VND67 trillion ($2.69 billion), down by more than VND3 trillion ($120 million) compared to the end of the second quarter. This shows that the amount of money withdrawn from the stock market is not significant and individual investors still consider securities an attractive investment channel compared to other channels such as gold, virtual currencies, bank savings, and real estate.