VIETNAM RAISES OVER VND80 TRILLION THROUGH G-BONDS IN Q1
The Vietnam State Treasury mobilized VND80.1 trillion through Government bond issues in the first quarter of 2026, fulfilling 73% of the quarterly plan and 16% of the annual target. This capital mobilization, unveiled by the Hanoi Stock Exchange (HNX), underscores a strong start for the domestic sovereign debt market.
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
VIETNAM’S BIG FOUR BANKS TO INJECT VND1 QUADRILLION INTO THE ECONOMY
Vietnam’s four major State-owned commercial banks are set to disburse VND1 quadrillion to meet the economy’s capital demands in 2026. This move was announced by Le Ngoc Lam, CEO of Bank for Investment and Development of Vietnam (BIDV – one of the big four banks), during the conference entitled “Enterprises’ contribution to double-digit growth and the Prime Minister’s tribute to the business community” held on March 27.
CORPORATE BONDS WORTH OVER VND122.5 TRILLION DUE IN H1
More than VND122.5 trillion in corporate bond principal and interest payments will fall due in the first half of this year, up 49.2% year-on-year, according to FiinGroup. Payment pressure is expected to rise from March and through the second quarter. Banks account for VND15.1 trillion of the total, up 33.2%, while non-bank issuers account for VND107.5 trillion, up 51.8%.
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 SET TO LAUNCH INTERNATIONAL FINANCIAL CENTER IN HCMC ON FEB 11
HCMC will officially launch the Vietnam International Financial Center (VIFC) tomorrow, February 11, a move aimed at attracting global capital and strengthening the city’s role in regional finance. The HCMC People’s Committee has issued a plan to organize the launch ceremony, which will take place at the VIFC building at 8 Nguyen Hue Boulevard, Saigon Ward.
HCMC WANTS TO BE AMONG TOP 50 GLOBAL FINANCIAL CENTERS BY 2045
HCMC aims to enter the top 50 of the Global Financial Centers Index by 2045 under a draft strategy to develop an international financial center in the city. The draft strategy for the Vietnam International Financial Center in HCMC (VIFC-HCMC) sets targets of reaching the top 75 by 2035 and the top 50 by 2045, according to Nguyen Huu Huan, vice chairman of the VIFC-HCMC executive authority.
REMITTANCES TO HCMC TOP US$10 BILLION IN 2025
According to the State Bank of Vietnam’s (SBV) Region 2 Branch, total incoming remittances to the city amounted to more than US$10.34 billion last year, up 8.3% from 2024. Most remittances were channeled through economic organizations, totaling nearly US$7.43 billion, or 71.8% of the total. Transfers via credit institutions accounted for the remainder, at about US$2.92 billion.
