INTEREST RATES SURGE TO 9% PER YEAR
Savings rates are rising again as many banks have hiked rates to 9% per year, though such rates are tied to substantial deposit requirements. For instance, the Bank for Investment and Development of Vietnam (BIDV) has revised up rates up to 4.75% for 1 to 5-month savings, hitting the regulatory ceiling. The bank has also raised its one-year savings rate by one percentage point to 6.6%, while longer-term rates are up to 6.8%, up 1.5-1.6 percentage points.
VIETNAM’S RICE EXPORTS TO SENEGAL SURGE 30-FOLD
More than 160,000 tons of Vietnamese rice were exported to Senegal in 2025 with total revenue of US$52.57 million, a 30-fold increase compared to 2024, according to the latest report by the Vietnam Trade Office in Algeria (covering Senegal). As a major West African importer, Senegal consumes an average of one million tons of rice annually, primarily low-cost 100% broken rice, with a per capita consumption of 117kg, among the highest in the region.
VIETNAM TARGETS SCIENCE, TECHNOLOGY AND AI AS CORE DRIVERS OF NEXT GROWTH MODEL
At the Vietnam Economic Forum 2026, organised by the Vietnam Institute of Economics and World Economy under the Vietnam Academy of Social Sciences, Nguyen Duc Hien, Deputy Head of the Party’s Policy and Strategy Commission, said the Politburo has tasked the commission with drafting a new development framework based on science, technology, innovation and digital transformation.
CAUTION AND STABILITY DRIVE VIETNAM’S WORKFORCE TRENDS
According to the Salary Guide 2026 by Adecco Vietnam on March 19, Vietnam’s economy demonstrated solid momentum in 2025, with GDP growth of 8.02 per cent, driven by services and industrial sectors. Exports grew by 17 per cent, while business remained active despite ongoing market adjustments. Hiring activity remained cautious but stable.
PHUC VUONG: STRATEGIC VISION – REACHING FURTHER
At Phuc Vuong, every project is more than just concrete and steel; it is the realization of our ambition to elevate Vietnam's infrastructure. With a spirit of determination and professionalism, Phuc Vuong is proud to be a reliable partner, creating lasting values together!
THE ULTIMATE, MOST ANTICIPATED, BOLDEST OKTOBERFEST 2026 AT WINDSOR PLAZA HOTEL IS BACK!
This September, Oktoberfest Vietnam 2026 – the largest traditional German beer festival – officially returns to Windsor Plaza Hotel. Get ready for a night of non-stop excitement. Stay tuned!
HUNG YEN PROPOSES US$18-BILLION FREE ECONOMIC ZONE
The northern province of Hung Yen has proposed developing a free economic zone (FEZ) on over 60,000 hectares at an estimated cost of US$18 billion. According to the proposal to be submmited to the central Government, the Hung Yen FEZ will be developed as a strategic hub for high-tech manufacturing, new energy, and advanced logistics based on the operational 30,583-hectare Thai Binh economic zone.
PHU THO TARGETS US$1.1 BILLION FDI IN 2026
Phu Tho Province aims to attract more than US$1.1 billion in foreign direct investment (FDI) and about VND70 trillion in domestic capital in 2026. The northern province sees investment attraction as a key growth driver, with a shift from volume to project quality. In 2025, Phu Tho drew about US$1.51 billion in FDI and nearly US$10 billion in domestic investment. It is currently home to 735 FDI projects worth around US$13.2 billion from 27 countries and territories.
