The National Assembly last Friday approved revisions to the 2024 Credit Institution Law, significantly strengthening banks’ ability to recover bad debts and empowering the State Bank to intervene more effectively in struggling financial institutions.

In the first half of 2025, more than VNĐ268 trillion (around US$10.5 billion) was disbursed, reaching 32.5 per cent of the annual plan – up from 28.2 per cent in the same period last year.

The legislation marks the first time data is recognised as a property right under Vietnamese law.

Both the IMF and OECD believe that with solid macroeconomic fundamentals, a clear reform agenda, and active involvement from the private sector, Vietnam is well-positioned to maintain stable growth and enhance its position in global value chains.

The event will host three rounds of discussions focusing on value chain autonomy, constructive mechanisms, globalisation of Vietnamese value, and strategic capabilities.

Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 4.63 points, or 0.34 per cent, to 1,376.07 points. This was its second consecutive peak after breaching the 1,270-point mark.

In response to increasing summer travel demand, Vietjet has also added more than 600,000 seats to its network of over 145 routes, enhancing connectivity and offering more options for travelers both within Việt Nam and abroad.

The BCI reveals an evolving but still resilient outlook among European businesses operating in Việt Nam.

The launch of the Free Trade Zone is widely seen as a key strategic step to transform Hải Phòng into a leading logistics and innovation hub in northern Việt Nam, strengthening its role in international trade and supply chains.

With a multifunctional design and state-of-the-art amenities, the newly launched MAC Hưng Yên-Ecopark provides Manulife agents with a dynamic space to connect, learn, and sharpen their expertise within a professional financial environment.

The cluster will cover an area of 34.6 hectares, with infrastructure to be developed by Kim Long Joint Stock Company as the project’s investor.

The circular, effective from July 1, regulates two entities authorised to issue C/O: the ministry’s Import and Export Department and organisations authorised by provincial and municipal people’s committees.

The Ministry of Construction is working with the Việt Nam Association of Realtors (VARS) to develop a pilot scheme for a state-run real estate trading centre which aims to boost the market transparency.

As one of the first banks in Việt Nam to implement this innovation, VIB now offers its Visa cardholders the ability to make payments from both credit and debit accounts using a single card.

The National Data Development Fund has been established, operating as a non-budget state financial fund with an initial capital of VNĐ1 trillion (US$38.4 billion).

Unlike familiar fees such as discounts, shipping or advertising fees, the "platform infrastructure fee" is a new charge applied by Shopee across the system.

Four commercial banks won the SBV’s bid for VNĐ3.1 trillion worth of bills with a term of seven days and an interest rate of 3.5 per cent per year.

These changes follow the passing of several amended tax laws, including the revised Law on VAT, Law on Corporate Income Tax, Law on Personal Income Tax and Law on Special Consumption Tax. The updates are seen as a major reform to improve fairness, efficiency and transparency in taxation.

Vietnamese seafood processing and export enterprises are completing required procedures and adopting necessary technologies to bring their products into the halal market.