FROM 2026, SMALL BUSINESSES WITH REVENUES UNDER VNĐ200 MILLION WILL BE EXEMPT FROM VAT
Effective January 1, 2026, a new regulation approved by the National Assembly (NA) on Tuesday will exempt individuals and household businesses with annual revenues below VNĐ200 million (approximately US$7,870) from value-added tax (VAT).
CENTRAL BANK ISSUES NEW DECISIONS ON DEPOSIT INTEREST RATES
The other holds that the maximum interest rate for Vietnamese đồng-denominated deposits with terms of less than one month of organisations and individuals at credit institutions and foreign bank branches is 0.5 per cent per year. Additionally the maximum interest rate applied to deposits with terms from one month to less than six months is 4.75 per cent per year.
MONETARY AND CREDIT POLICIES SUPPORTING EXPORTERS
Loosening monetary policy and credit incentive packages are aimed at easing exchange rate pressures and supporting exporters during the festive period and year ahead. At the National Assembly session last week addressing plans for economic and social development in 2025, lawmakers proposed loosening monetary policies to support specific sectors, including export enterprises.
NEW POLICY DRAFTED TO HELP NON-BANK CREDIT INSTITUTIONS DEVELOP FURTHER
The draft circular regulates filings, procedures and steps for granting establishment and operation licences to credit institutions in cases that commercial banks contribute capital or purchase shares of credit institutions, which causes a change in the legal form of credit institutions. The SBV will grant the establishment and operation licences to credit institutions in the cases.
MONETARY POLICY FLEXIBLE AND STABLE
Following four consecutive sessions of treasury bill issuance, interbank interest rates have rebounded. By October 23, overnight VND rates were at 3.83 per cent, while the one-week rate reached 3.99 per cent, an increase of 1.1 per cent and 1.03 per cent from the previous week.
NON-BANK CORPORATE BONDS FORECAST TO RECOVER IN YEAR-END MONTHS
Under an October 2024 corporate bond market report released recently, analysts of the rating agency FiinRatings said that the US Federal Reserve (Fed)'s first interest rate cut in four years was a positive sign for the Vietnamese exchange rate, after the State Bank of Vietnam (SBV) continuously sold the US dollar due to high capital withdrawal demand.
CENTRAL BANK CONFIDENT ABOUT CREDIT GROWTH THIS YEAR
The State Bank of Việt Nam is confident about reaching this year's credit growth target, as lending is expected to accelerate in the remaining months of the year on the recovery of production and business, Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said.
CHANGES DRIVING FOREIGN INVESTOR ACTIVITY IN THE STOCK MARKET
The list of prospective investors for the offering includes 66 individuals and organisations. Notably, Pyn Elite Fund, a foreign fund from Finland, is the largest institutional investor with a registered purchase of 21.5 million shares, representing 15 per cent of the total offering, 2.99 per cent of post-issue capital.
