Banking & Finance

Debt levels vary considerably, reflecting differences in borrowing requirements, economic conditions and public finances.

The Ministry of Finance has submitted a draft resolution to the Government proposing special mechanisms to resolve tax compliance bottlenecks, including a 30 to 70 percent reduction in late filing penalties and the cancellation of late payment interest for inactive taxpayers through June 30, 2028.

These measures are proposed in the context of needing to reduce energy costs and support production, business activities, and people's livelihoods.

With just 41.18 percent of allocated funds disbursed as of late October, Vietnam faces strong pressure to accelerate spending on science, technology, innovation, and digital transformation in the remaining months of the year.

The $105-million international syndicated green loan arranged by HSBC will assist the Vietnam Electricity's Northern Power Corporation (EVNNPC) in deploying energy storage systems at 70 existing substations, aiming to enhance load demand response capabilities and mitigate the risk of grid overload.

FTSE Russell’s upgrade opens Vietnam’s stock market to global capital but retaining long-term investment remains the key challenge.