Want to be in the loop?
subscribe to
our notification
Business News
ELECTRONIC FUND TRANSFER FEES TO BE CUT BY AT LEAST 50 PER CENT
The State Bank of Việt Nam on Tuesday issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 per cent for local banks.
The reduction took effect from today to the end of this year, aiming to support production and business to overcome difficulties caused by the COVID-19 pandemic and encourage cashless payments.
Under the Circular 04/2020/TT-NHNN, the central bank asked credit institutions and branches of foreign banks in Việt Nam to review their payment services fees to cut the fees on customers.
The fee reduction for customers must be equal to or higher than the reduction rate offered by the central bank for local banks.
Local banks must report the reduction of payment fees to the central bank before April 15.
The National Payment Corrporation of Việt Nam recently slashed the switching fees for local banks twice, which made local banks cut fees on customers for fast fund interbank transfer of sums worth VNĐ2 million or less.
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026
Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
HOSPITALITY / TOURISM / ENTERTAINMENT
PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE
Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.
VIETNAM ECONOMY INVESTMENT
VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS
Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.
BANKING / FINANCE / INSURANCE / TAX
OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION
Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.
MEMBER CORNER / PROMOTIONS
KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP
On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.
Events Sponsors
