VET Exclusive
Rising costs not customers
Revenue increases in the food and beverage sector detailed in a recent report appear to stem from higher prices rather than growing demand.
Banking & Finance
Vietnam targets November launch of financial transactions at international financial centers
All operational preparations expected for completion in October with the aim of facilitating actual transactions from November.
Digital Biz
Dialogue targets real-world quantum applications for urban megacities
A core focal point of the seminar was identifying concrete urban challenges in the city where quantum technology could offer viable breakthroughs.
PM orders cut in intermediary costs to ease housing, fuel, and healthcare price pressures
The government is conducting comprehensive reviews across real estate, land management, petroleum, electricity, pharmaceuticals, medical devices, and agriculture to eliminate unwarranted markups, cut intermediary layers, and raise regulatory oversight efficiency.
Banks ordered to cut deposit and lending rates
The move is part of efforts to maintain macroeconomic stability, control inflation and support economic growth.
Deputy PM urges 1.5–2% cut in lending rates for businesses
Deputy Prime Minister Nguyen Van Thang urged the central bank to execute timely, substantive measures to bring down overall interest rate levels, specifically targeting a 1.5–2% cut in loan rates for production, commerce, and priority sectors.
New public debt strategy through 2030 adopted
Under the new strategy, the foreign debt-to-GDP ratio represents a five-percent increase from the previous edition of the public debt strategy through 2030 which had been adopted by the Government in 2022.
National Technology Innovation Fund spends $156,000 in 9M
The National Technology Innovation Fund spent an estimated 72.5 percent of its full-year state budget allocation through September, while working to streamline procedures and ease administrative hesitations for business support programs.
Arrangements afoot
Vietnam issuing USD-denominated government bonds would be entirely feasible given that certain preparatory stages for an international bond issuance are already underway.