Banking & Finance

Mr. Jochen Biedermann, Managing Director of the World Alliance of International Financial Centers, tells Ngoc Lan that Vietnam holds certain advantages as it goes about building an International Financial Center.

According to the proposal, household and individual businesses with total annual revenue not exceeding VND10 billion ($381,000) in 2026 and 2027 will be eligible for a 30% reduction in personal income tax (PIT) for each respective year.

Much has been done to establish the legal framework and introduce the cooperative agreements needed to operate a carbon market in Vietnam and efforts are ongoing.

Eximbank is advancing the implementation of its 2026 - 2030 Development Strategy, continuing the phased enhancement of its corporate governance framework and executive leadership structure following approvals from the shareholders and the State Bank of Vietnam.

Vietnam’s impressive containment of inflation over the last decade may be put to the test after a problematic first half of 2026, and continued policy attention will be required during the remainder of the year.

Savings and term deposits accounted for 39.2% of total mobilization, an increase of 9.2% from the end of the previous year.