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Vietnam banks to gain stronger powers in resolving bad debts under new law

Vietnam’s bad debt crisis may see relief as the government moves to codify Resolution 42 into law, granting banks greater authority in seizing and selling collateral. The new legal framework could unlock billions in liquidity for the banking sector.

Vietnam eases fuel business regulations, abolishes price control task force

Vietnam’s Ministry of Industry and Trade (MOIT) has issued Circular 18, eliminating outdated fuel regulations, including state-controlled price regulation mechanisms. New reporting rules for fuel storage businesses aim to enhance market transparency.

Pi Network miners risk losing all Pi as final KYC deadline approaches

At 3:00 PM on March 14, Pi Network miners must complete KYC verification or risk losing all mined Pi. Users are uncertain about the fate of their bonus Pi, while market prices remain stable.

Vietnam’s car market set to overtake motorbikes after 2035, says World Bank

Vietnam is on track for a transportation shift, with car sales projected to overtake motorbikes after 2035. The World Bank expects the market to grow to 54 million cars by 2050, fueled by rising incomes and EV adoption.

Agrivoltaics could be a game changer for Vietnam’s agriculture

Solar power in agriculture should be studied as one of the most promising approaches to generating clean energy in VN, said economists and business insiders.

Acquirers of weak banks get incentive policies

The State Bank of Vietnam (SBV) completed the compulsory transfer of four vulnerable banks, CB, Oceanbank, DongA Bank and GPBank to Vietcombank, MB, HDBank, and VPBank, respectively.

Vietnam eyes new direct European air routes to boost tourism

Authorities are also looking to strengthen Vietnam’s competitiveness in the global tourism market by streamlining entry procedures, offering preferential policies, enhancing travel experiences and improving air connectivity.

Vietnam Airlines partners with Singapore to elevate Long Thanh airport

The agreements affirmed the carrier’s pioneering role in the innovation and digital transformation process while providing a solid foundation for building large-scale aircraft repair hangars with cutting-edge technology at Long Thanh airport.

Vietnam’s private sector to become key economic pillar under new strategy

Vietnam’s private sector contributes over 50% of GDP, yet legal barriers hinder expansion. Experts urge reforms to unlock business potential.

VN – US trade surpasses $22 billion in the first two months of 2025

Experts predict that VN’s key export industries, including textiles, wooden furniture, electronic machinery and agricultural products, will continue to see positive growth in the US market throughout 2025.

European Investment Bank helps VN unlock green finance

The partnership will help to strengthen Vietnam’s financial sector for climate investments.

World Bank raises VN’s growth forecast to 6.8 per cent

As export demand may decrease this year, Việt Nam should strengthen domestic business activities and services to drive economic growth, says Mariam Sherman, World Bank director for VN, Cambodia and Laos.

Canada’s trade policy changes expected to boost for Vietnamese exports

Canada’s recent changes in trade policies focusing on reducing domestic trade barriers are expected to provide significant benefits to Vietnam’s export.

Hanoi to slash business conditions by at least 30%

In a document issued on March 11, the Hanoi People’s Committee stressed the need to mobilise all economic sectors, businesses and citizens to engage in socio-economic development, contributing to national growth.

Vietnam partners with Israel for hi-tech agricultural innovation

Vietnam's Vitad Group and Israel's Ginosar Agro on March 12 signed a comprehensive strategic cooperation agreement to accelerate the adoption of advanced Israeli technology in crop development across Vietnam.

Vietnam considers regulatory changes to allow COMAC aircraft operations

Vietnam is considering amending aviation laws to certify and operate Chinese-made COMAC aircraft, addressing aircraft shortages and facilitating fleet expansion for airlines.

Gold prices hit record highs in VN: Hanoi residents rush to buy despite rain

Gold prices in Vietnam continue to surge, with SJC 9999 gold reaching 94 million VND ($3,840) per tael. Hanoi buyers queue in the rain, withdrawing savings to invest before prices climb further.

Vietnam’s online sellers hit by Shopee and TikTok Shop fee increases

Major e-commerce platforms are increasing commission rates, forcing sellers to raise prices and reconsider their business strategies.

Vietnam’s EV industry to create 6.5 million jobs by 2050, says World Bank

A World Bank report released on March 12, 2025, underscores Vietnam’s booming electric vehicle market, which is expected to revolutionize transportation and generate millions of high-tech jobs.

Vietnam’s auto market surges in February, VinFast outperforms foreign brands

Car sales in Vietnam grew by 14% in February, with VinFast maintaining its dominant position, outselling Toyota, Hyundai, Ford, and KIA combined.