Banking & Finance

Value-added tax (VAT) refunds totalling VND111.73 trillion ($4.25 billion) as of August 11.

This is part of key tasks outlined by the State Bank of Vietnam at the 2026 Banking Digital Transformation event in Hanoi on August 18.

The National Assembly Standing Committee (NASC) continued its deliberations on the draft Law on Urban Development during a session on August 17, with a key focus on the legal framework for the Vietnam International Financial Center (IFC).

Gold prices in the domestic market were priced at VND144.8 million ($5,505) per tael for selling and VND141.8 million ($5,391) per tael for buying, their highest levels since mid-July.

Under a new circular from the State Bank of Vietnam, such payments and money transfers can be conducted from September 19, 2026.

The southern city’s total public investment plan for 2026 stands at VND147.6 trillion ($5.6 billion).