From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.

Major Vietnamese tech firms VNPT, Viettel, FPT, CMC, Mobifone and Gtel have been asked to help public bodies upgrade their systems to integrate with the population and e‑ID platforms, as well as keep online public services running smoothly.

The event, which runs until July 3, gathered more than 15,000 participants, including nearly 60 heads of state and government leaders.

With more than 95 per cent of registered enterprises being SMEs, the private sector plays a decisive role in driving economic growth, innovation, and digital transformation.

The event attracted nearly 100 delegates representing regulatory agencies, associations, enterprises, manufacturers, importers and relevant organisations to discuss orientations for improving EPR policy.

The reductions cover a wide range of areas, including public administration, construction, finance, healthcare, agriculture and environmental services.

Ambassador Mai Phan Dũng, head of the Vietnamese Delegation in Geneva, praised Norway’s open trade policies, highlighting its e-commerce tax data exchange system for cutting costs and easing cross-border trade.

This was part of his participation in the Fourth International Conference on Financing for Development (FfD).

The law is designed to foster innovation, strengthen consumer protection and improve State management.

Developed under a public-private partnership model, the platform is State-funded in terms of infrastructure and its online foundation, including access to national science and technology databases.

Despite early-year volatility and geopolitical uncertainties, domestic capital flows, stable macro conditions and expectations of strong corporate profit growth are providing a credible foundation for a sustained rally.

The recognition not only honours leading enterprises driving sustainable growth, but also serves as a strategic benchmark for evaluating corporate adaptability in the face of a global shift toward a greener and more equitable and transparent economy.

The Vietnamese supporting industry currently meets only 10 per cent of the demand for domestic production and consumption.

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.