VET Exclusive
Continued resilience of Vietnam's economy
Economic performance in the first five months of 2026 was solid overall though certain concerns are emerging.
Banking & Finance
ADB plans $4.6bln financing package for Vietnam through 2029
The Asian Development Bank plans to support Vietnam with a portfolio of 27 projects worth approximately $4.6 billion through 2029.
Banking & Finance
Corporate bond issuance rises in May as real estate firms increase fundraising
Total corporate bond issuance in May reaching VND40.26 trillion ($1.53 billion), up 21.5% from the previous month.
Real estate and securities major contributors to HCMC budget
Total State budget revenue in Ho Chi Minh City during the first nine months of 2021 reached nearly VND280 trillion ($12.32 billion), representing 76.5 per cent of the estimate and rising 11 per cent year-on-year, in which revenue from real estate and securities businesses posted the highest increase.
9M credit growth at 7.17%
Credit growth in the economy reached 7.17 per cent in the first nine months of the year, a 1.4-fold increase year-on-year. Though lending interest rates are low, credit growth remains slow due to Covid-19.
Banks to offer new loans to airlines
In order for airlines to come back into operation, the State Bank of Vietnam has directed that commercial banks lend them a further VND30 trillion ($1.3 billion) in unsecured loans with reduced interest rates.
Lending rates expected to fall
As the State Bank of Vietnam (SBV) has increased credit limits on commercial banks, lending interest rates are forecast to decline further from now to the end of the year.
Draft Circular to allow guarantees on future housing
A draft Circular on bank guarantees will not prohibit banks from implementing guarantees for houses to be formed in the future during the period of special control. The draft also specifies regulations on foreign exchange management in guarantees.
VIB & Microsoft come together
The Vietnam International Commercial Joint Stock Bank (VIB) has reached a three-year strategic cooperation agreement with Microsoft Vietnam, in which the bank will deploy a multi-cloud computing platform using Microsoft Azure as the primary cloud.