Vietnam Market Brief — Week 32, 2026

Overview

Vietnam’s stock market declined significantly in July with the VN-Index dropping 6.68%, driven largely by a 7.84% decline in banking sector capitalization totaling over 220 trillion dong in losses. On the macroeconomic front, deposit interest rates continued rising across terms as credit growth outpaced deposit mobilization, while Vietnam attracted increased foreign investment interest, including a fourfold surge in trade with Uganda and expansion of cross-border payment services with China. The government is also preparing tax reduction proposals for small and medium-sized enterprises for 2026-2027 and positioning the country to mobilize substantial green capital toward its Net Zero 2050 targets.

Payments

Mốc quan trọng 06/8/2026: Cùng với BIDV và Weixin Pay, NAPAS đã hoàn thiện kết nối thanh toán xuyên biên giới với thị trường hơn 1,4 tỷ dân

On August 6, 2026, NAPAS, WeChat Pay (Weixin Pay), and BIDV jointly announced the expansion of cross-border QR code payment services between Vietnam and China. The partnership marks a milestone in expanding payment connectivity to a market of over 1.4 billion people. The event represents progress in broadening cross-border payment infrastructure.

Key figures: Target market population: over 1.4 billion people
Source: CafeF

Regulation

Đề nghị truy tố 56 bị can trong đường dây tội phạm núp bóng mua bán nợ

Criminal investigators in Ho Chi Minh City have completed an investigation and recommended prosecution of 56 suspects in a debt-trading criminal ring. The suspects face charges including extortion, fraud, illegal high-interest lending, and bribery. Two debt-trading companies, Mua bán nợ Lê Phong Gia Lai and Mua bán nợ Nhất Tín, are implicated in the scheme.

Source: CafeF

Chính phủ đề xuất giảm 30% thuế thu nhập cho hộ kinh doanh, doanh nghiệp có doanh thu đến 10 tỷ đồng

The Vietnamese government is preparing a proposal to submit to the National Assembly for a 30% income tax reduction for individual business owners and enterprises with revenue up to 10 billion VND for 2026-2027. The measure aims to support small and medium-sized businesses during this period. The proposal is still under government preparation and awaits parliamentary consideration.

Key figures: Proposed income tax reduction percentage: 30%; Revenue threshold for eligible businesses: 10 billion VND VND; Implementation period: 2026-2027
Source: CafeF

Đề xuất giảm 30% thuế cho hộ kinh doanh, doanh nghiệp thu dưới 10 tỷ đồng

The Ministry of Finance proposes a 30% reduction in personal income tax and corporate income tax for 2026 and 2027 for individual business households, self-employed individuals, and enterprises with revenues below 10 billion VND. The measure aims to support small and micro enterprises during this period. This proposal forms part of broader tax policy adjustments for the upcoming fiscal years.

Key figures: Proposed tax reduction rate: 30% percent; Revenue threshold for eligibility: 10 billion VND; Applicable fiscal years: 2026, 2027 years
Source: CafeF

EuroCham: Nghị quyết 10 tạo niềm tin để doanh nghiệp châu Âu mở rộng đầu tư tại Việt Nam

Resolution 10 is viewed by the European business community as a significant step forward in Vietnam’s foreign direct investment (FDI) approach, shifting focus from capital attraction to building a high-quality FDI ecosystem. EuroCham assesses that the resolution creates confidence for European enterprises to expand their investments in Vietnam. The initiative reflects Vietnam’s evolving strategy toward sustainable and quality-oriented investment development.

Source: CafeF

Chuẩn bị quy định hoàn toàn mới về AI trong hệ thống ngân hàng Việt Nam

Vietnam’s banking system is preparing entirely new regulations on artificial intelligence (AI) applications. According to State Bank leaders, while AI offers benefits, it also poses risks related to information security, model risk, data, and decision-making accountability. At a workshop titled “AI and Data Governance in Banking Operations” on August 5, 2026, Deputy Chairman and Secretary-General of the Vietnam Bankers Association (VNBA) Dao Minh Tu discussed the shift from the digitalization era in global finance and banking.

Source: CafeF

Nhóm đối tượng người nước ngoài ‘ẩn mình’ trong chung cư cao cấp để vận hành đường dây cờ bạc 30.000 tỷ đồng

Foreign nationals, primarily Chinese, rented multiple high-end apartment units in Hanoi and hired dozens of young Vietnamese to operate hundreds of mobile phones for managing a gambling network. The operation processed cash flows totaling 30,000 billion Vietnamese dong through bank accounts to conceal proceeds from illegal online gambling activities. The criminal ring was uncovered through citizen reports and law enforcement investigation.

Key figures: Cash flow processed: 30,000 billion dong VND; Duration of operation: approximately one year time
Source: CafeF

Nâng tỷ lệ tiền gửi Kho bạc Nhà nước lên 50% khi tính LDR: Cú hích thanh khoản, hạ nhiệt cuộc đua lãi suất huy động

The State Bank of Vietnam has increased the ratio of State Treasury deposits counted in the LDR (Loan-to-Deposit Ratio) calculation from 20% to 50%, effective from August 1, 2026 to July 31, 2028. This adjustment is considered a strategic measure to ease liquidity pressure and cool down the competition for deposit interest rates among banks. The move is intended to expand credit capacity to support economic growth.

Key figures: LDR ratio increase for State Treasury deposits: 20% to 50%; Effective period: 1/8/2026 to 31/7/2028
Source: CafeF

Hải Phòng triệt xóa đường dây rửa tiền cờ bạc, phong tỏa hơn 3.000 tỷ đồng

Police in Hai Phong arrested 28 suspects in a large-scale gambling and money laundering operation. Authorities seized and froze over 3,000 billion VND in accounts across 36 banks. The case was formally initiated on the evening of August 3.

Key figures: Số đối tượng bị bắt tạm giam: 28 người; Số tiền phong tỏa: 3.000 tỷ đồng; Số ngân hàng có tài khoản bị phong tỏa: 36 ngân hàng
Source: CafeF

Stock Market

Tháng 7 ‘bi đát’ của các ngân hàng Việt: Vốn hóa bốc hơi hơn 220.000 tỉ đồng, xóa sạch thành quả từ đầu năm

Vietnam’s stock market experienced significant declines in July, with the VN-Index closing down 124 points (6.68%) from end-June levels, retreating below the 1,800-point mark. Banking stocks were a major drag on the market, with the total market capitalization of 27 listed banks declining 7.84% from 2.829 quadrillion dong on June 30 to 2.605 quadrillion dong on July 31. The banking sector’s losses wiped out gains accumulated since the start of the year, representing a capital loss of over 220 trillion dong.

Key figures: VN-Index decline (July): 124 points points; VN-Index percentage decline (July): 6.68 %; Number of listed banks: 27 banks; Banking sector market cap (June 30): 2,829 trillion dong
Source: TuoiTre

EVN có lãi trong 6 tháng đầu năm, xóa sạch lỗ lũy kế từ năm 2022

Vietnam Electricity Group (EVN) reported profitability in the first half of 2026 and eliminated accumulated losses carried forward from 2022. The group maintained stable electricity supply across the country while supporting socio-economic development. Total electricity production and imports for the first half of the year reached 171.54 billion kWh, representing a 9.8% increase.

Key figures: Total electricity production and imports (first half of 2026): 171.54 billion kWh; Increase in electricity production and imports: 9.8 %
Source: TuoiTre

Tỷ lệ nợ xấu xuống mức thấp nhất trong nhiều năm, VPBank được nhiều CTCK đánh giá tích cực

VPBank’s asset quality improved significantly in the first half of 2026, with non-performing loan (NPL) ratio and Group 2 loan ratio reaching multi-year lows. The bank attributes this improvement to its long-term investment strategy in risk management, data, and technology. Multiple securities companies have issued positive assessments of VPBank based on these developments.

Source: CafeF

Mốc lợi nhuận 10.000 tỷ một năm đã là quá khứ, Vietcombank, VietinBank, BIDV, MB và VPBank giờ lãi cả vạn tỷ mỗi quý

In Q2 2026, five Vietnamese banks—Vietcombank, VietinBank, BIDV, MB, and VPBank—each reported quarterly profits exceeding 10 trillion Vietnamese dong. This marks a milestone shift in the banking sector, with several other banks approaching this threshold and heralding what analysts describe as a “10 trillion dong per quarter era” for the industry.

Key figures: Quarterly profit threshold reached by five banks: 10,000 billion VND; Quarter: Q2 2026
Source: CafeF

Macroeconomy

Cải cách tổng thể thị trường vốn: San sẻ gánh nặng với hệ thống ngân hàng

Vietnam requires substantial capital investment to maintain high growth rates in coming years. For 2026 alone, achieving growth targets of 10% or above requires approximately 5.1 million billion VND in total social investment capital. For the 2026-2030 period, this figure is projected to reach approximately 38.5 million billion VND.

Key figures: Investment capital requirement for 2026: 5.1 million billion VND VND; Investment capital requirement for 2026-2030 period: 38.5 million billion VND VND; Growth target: 10% %
Source: CafeF

Thanh tra Chính phủ chỉ rõ nguyên nhân giá vàng Việt Nam cao hơn thế giới

The Government Inspectorate identified that the State Bank has not implemented intervention measures to stabilize the gold market through raw material imports and bullion production, which is a key factor in supply scarcity and the price gap between Vietnamese and global markets. Bảo Tín Mạnh Hải reported seven bullion transactions with deposits were due to packaging damage requiring transfer to SJC for resealing.

Source: CafeF

Giá vàng tăng vọt, nhà đầu tư vui mừng trở lại

Gold prices surged over 100 USD per ounce in early trading on August 8, reaching spot prices of 4,341 USD/ounce, the highest level in two months. The weekly gain reached approximately 300 USD/ounce. Gold and silver rallied after North American stock markets closed on Friday, following weaker-than-expected July employment data that pulled down US Treasury bond yields.

Key figures: Gold price increase in early trading: 100 USD/ounce; Spot gold price: 4341 USD/ounce; Weekly gold price increase: 300 USD/ounce; Highest level in: 2 months
Source: CafeF

Lãi suất huy động leo thang, ngân hàng chịu sức ép kép

Deposit interest rates continue to rise across multiple terms at Vietnamese banks, with short-term rates approaching a ceiling of 4.75% per annum. Banks are increasing rates and offering incentives at longer terms to push actual received rates above 9% per annum. This trend is expected to continue as credit growth outpaces deposit mobilization.

Key figures: Short-term deposit rate ceiling: 4.75 %/annum; Actual received rates at longer terms: above 9 %/annum
Source: CafeF

Thương mại với Việt Nam tăng hơn 4 lần chỉ trong một năm, một quốc gia muốn làm ‘cửa ngõ’ cho doanh nghiệp Việt bước vào thị trường 1,4 tỷ người tiêu dùng

Vietnam-Uganda bilateral trade surged from $22.1 million in 2024 to approximately $95.47 million in 2025, representing more than fourfold growth in one year. Uganda is actively seeking Vietnamese enterprises in agricultural processing, industry, energy, mining, and technology sectors. Uganda aims to position itself as a gateway for Vietnamese goods to reach African markets.

Key figures: Vietnam-Uganda bilateral trade 2024: 22.1 million USD; Vietnam-Uganda bilateral trade 2025: 95.47 million USD; Year-over-year trade growth: 4+ times
Source: CafeF

Thu hút 700 tỷ USD cho mục tiêu Net Zero: Ngân hàng giữ vai trò kênh dẫn vốn chủ lực

Vietnam is positioned to attract large flows of green capital as international financial institutions recognize the country’s macroeconomic platform and government commitment to green transition. Approximately $700 billion USD is needed to support Vietnam’s Net Zero target by 2050. The banking system is identified as the primary channel for mobilizing and channeling this capital.

Key figures: Capital needed for Net Zero target: 700 billion USD; Net Zero target year: 2050 year
Source: CafeF

Giải bài toán vốn dài hạn cho tăng trưởng cao

Vietnam faces a structural mismatch between capital supply and demand for long-term growth. The banking system currently funds approximately 80% of investment through short-term sources and only 20% through long-term capital. High growth objectives in infrastructure, energy, strategic industries, digitalization, and green transition require substantial long-term investment capital that cannot be entirely sourced from the banking system.

Key figures: Share of short-term capital in banking system funding: 80% percent; Share of long-term capital in banking system funding: 20% percent
Source: CafeF

Khởi công Nhà máy Điện mặt trời Dầu Tiếng 5, bổ sung hơn 808 GWh điện sạch mỗi năm

The Dau Tieng 5 Solar Power Plant began construction with an installed capacity of 450 MW and total investment of 7.774 trillion Vietnamese dong. The project is expected to supply over 808 GWh of clean electricity annually to the national grid. The initiative aims to support energy transition and contribute to local socio-economic development.

Key figures: Installed capacity: 450 MW; Total investment: 7.774 trillion VND; Annual clean electricity supply: 808 GWh
Source: CafeF

Nền kinh tế lớn nhất Đông Nam Á công bố tăng trưởng GDP quý 2/2026 vượt dự báo, so với Việt Nam thì sao?

Indonesia’s statistics agency reported Q2 2026 GDP growth of 5.29%, exceeding analyst forecasts of 5.1%. The performance outpaced earlier Reuters estimates for Southeast Asia’s largest economy. However, the article notes that currency pressures, interest rates, and investor confidence concerns are casting shadows over the outlook.

Key figures: Indonesia Q2 2026 GDP growth (actual): 5.29% percent; Indonesia Q2 2026 GDP growth (analyst forecast): 5.1% percent
Source: CafeF

Ấn tượng ‘bức tranh’ kinh tế Việt Nam vừa công bố

Vietnam’s economic statistics for the first seven months of the year show multiple positive indicators. Industrial production index (IIP) rose 11.4%, the highest level since 2019, while foreign direct investment (FDI) registrations reached $38.06 billion. State budget revenue increased 16% compared to the same period last year.

Key figures: Industrial production index (IIP) growth: 11.4% percent; Foreign direct investment (FDI) registrations: 38.06 billion USD; State budget revenue growth: 16% percent year-on-year
Source: CafeF

Đúng 14h, Việt Nam thành công làm được điều chưa từng có trong lĩnh vực năng lượng, một bước ngoặt lớn đã diễn ra từ 14 năm trước

Vietnam’s first wind farm officially commenced operations at 2:00 PM on April 18, 2012, in the former Bình Thuận province (now Lâm Đồng province), marking a major milestone in the country’s energy sector. The facility was constructed with a total investment of approximately 2,000 billion VND and has a total capacity of 30 MW, having been initiated in 2008 with 20 turbines of 1.5 MW each. This project represented a significant breakthrough for Vietnam in renewable energy development.

Key figures: Total investment: 2000 billion VND; Total capacity: 30 MW; Number of turbines: 20 units; Turbine capacity per unit: 1.5 MW
Source: CafeF

Kích hoạt gói tín dụng 220.000 tỷ đồng và loạt giải pháp hỗ trợ doanh nghiệp bứt tốc

Vietnam’s government announced a 220,000 billion VND credit package and multiple support measures for businesses at a July 2026 regular press conference. The Ministry of Finance and State Bank of Vietnam disclosed preferential lending programs, expanded medium and long-term capital room, and policies for tax and land rent deferrals. These measures are intended to accelerate economic momentum across the economy.

Key figures: Credit package announced: 220,000 billion VND
Source: CafeF

Summaries are AI-generated from public news sources and link to the originals. Neutral, factual, not investment advice.