Novaland (NVL) announced its 2026 business plan, projecting revenue to more than triple to VND 22,715 billion, while net profit is expected to remain flat at VND 1,852 billion, citing high interest rates and rising construction material costs.
Saigontel (SGT) reported 2025 net profit of 327.16 billion VND, up 2.5x year-on-year, and plans a 10,000 billion VND LNG port project and a capital increase via a 1:1 rights issue to fund its shift to green energy and digital infrastructure.
Over 20 commercial banks, including major state-owned and private banks, have simultaneously reduced deposit rates, paving the way for a trend of lower lending rates, following a directive from the State Bank of Vietnam.
VDSC analysis highlights persistent credit-deposit growth gap in Vietnam's banking system, increasing reliance on State Treasury funds, leading to upward pressure on deposit interest rates and a likely continued USD/VND appreciation trend in 2026.
Novaland announces it has completed its restructuring and sets a 2026 revenue target of VND 22,715 billion, which is 3.26 times (226% higher than) its 2025 revenue, alongside a net profit target of VND 1,852 billion.
Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha discussed interest rates, exchange rates, and credit developments in Q1/2025, noting the SBV's commitment to maintaining stable policy rates and coordinating with fiscal policy to support growth and control inflation.
The State Bank of Vietnam reports over 20 commercial banks have cut deposit rates by 0.1-0.5% p.a. following a meeting with the Governor, creating a basis for further lending rate reductions to support the economy.
The State Bank of Vietnam (SBV) leadership states that credit growth targets can be adjusted based on actual conditions and absolutely ensures liquidity for the banking system, with many commercial banks having already cut deposit rates following SBV directives.
Đà Nẵng's People's Council (HĐND) convenes its first session to establish policies focusing on economic revitalization through innovation, green economy initiatives, infrastructure projects, and attracting strategic investors.
Vietnam and Slovakia held a business forum to strengthen economic cooperation, with Vietnam positioning itself as an attractive investment destination bridging Slovak enterprises into ASEAN markets.
Vietnam's traffic police penalty authority is proposed to increase significantly, with maximum fines rising up to 75 million VND (approx. USD 3,000), affecting enforcement powers across different ranks.
The State Bank of Vietnam (SBV) has received 11 applications for gold bar production licenses and is reviewing them strictly, while stating the gold market is changing and authorities are implementing measures to stabilize it.
The State Bank of Vietnam is reviewing applications from 11 entities for licenses to produce gold bars, aiming to increase supply and stabilize the domestic gold market following the removal of the monopoly under Decree 232.
The State Bank of Vietnam is reviewing applications from 11 entities, including banks and firms like PNJ, DOJI, and SJC, for licenses to produce gold bars and import raw materials, ending the monopoly to increase supply and stabilize the domestic gold market.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.