State Bank announces adjustment of credit growth target
Stocks continue to hit new peaks, VN-Index surpasses 1,550 points
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| Export activities of goods at Cai Mep - Thi Vai port cluster, Phu My town, Ba Ria - Vung Tau province. |
1. The Ministry of Industry and Trade informs about the reciprocal trade negotiations between Vietnam and the United States . Specifically, on the afternoon of August 1, the Ministry of Industry and Trade said that in the early morning of August 1, 2025 (Vietnam time), the White House posted President Donald Trump's Decree on adjusting reciprocal tax rates, according to which the United States decided to adjust the reciprocal tax rates for 69 countries and territories listed in Appendix I. According to this Appendix, the reciprocal tax rate for Vietnam is reduced from 46% to 20%.
2. In the trading session on July 28, with a strong increase (26.29 points), VN-Index set a new record of 1,557.42 points . After reaching a historical peak, investors' cautious sentiment seemed to have been completely removed. Cash flow into the market skyrocketed, helping the indices continue to break out to new highs without much resistance.
3. On the afternoon of July 31, the State Bank of Vietnam announced that it had adjusted the credit growth target for 2025 for credit institutions according to specific principles, ensuring publicity and transparency. The adjustment was made under the condition that inflation is controlled in accordance with the goals set by the National Assembly and the Government and in accordance with the direction of the Government and the Prime Minister on appropriate, timely and effective credit growth management to meet the capital needs of the economy.
4. From August 1, PetroVietnam Oil Corporation (PVOIL) will pilot the sale of E10 bio-fuel at gas stations in Hanoi, Hai Phong and Ho Chi Minh City. After the pilot phase, PVOIL will continue to upgrade, convert and develop E10 gasoline sales points; ready to implement the roadmap for using E10 gasoline from January 1, 2026.
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| Buy and sell gasoline at Petrolimex gasoline business point on Tran Hung Dao street, Hoan Kiem district, Hanoi. |
5. Binh Son Petrochemical Joint Stock Company (BSR) has just successfully exported the first batches of Diesel Oil (DO) to Laos . Specifically, BSR has organized the sale of 420m³ of DO to Lao Petroleum Company Limited (PVOIL Laos) - a member unit of Vietnam Oil Corporation (PVOIL). These DO oil shipments, after being received from Dung Quat Oil Refinery, will be transported through Bo Y international border gate, Quang Ngai province to be consumed in the Lao market. It is expected that the transportation time of the shipment will take about 3 - 4 days.
6. HDBank has just signed a syndicated loan worth 215 million USD with three international financial institutions : Sumitomo Mitsui Banking Corporation (SMBC), FinDev Canada and Japan International Cooperation Agency (JICA). This capital will be allocated by HDBank to areas that have a positive impact on the community and the economy, including: financing green projects, promoting sustainable agricultural development, supporting small and medium enterprises (SMEs), women-owned businesses, as well as low-income customer groups through social housing credit programs.
7. Ho Chi Minh City has 27 more electric bus routes . The Ho Chi Minh City Department of Construction and Phuong Trang Passenger Transport Joint Stock Company - FUTA Bus Lines have announced 35 subsidized bus routes operating in the city from August 1; including 27 pure electric bus routes and 8 diesel bus routes. From August 1, when 443 more electric buses were put into operation on 27 routes, the number of electric buses operating in the city is 613, accounting for 26.2% of the fleet.
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| Electric buses circulate in the central area of Ho Chi Minh City. |
8. On July 29, Quang Ngai province approved the investment policy for the 10,000 billion VND railway rail production project . According to the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks, the project will complete legal procedures and site clearance work from the third quarter of 2025 to the second quarter of 2026. Basic construction will be completed and put into operation from the third quarter of 2026 to the third quarter of 2028.
Source: https://baothainguyen.vn/kinh-te/202508/su-kien-kinh-te-viet-nam-noi-bat-tuan-qua-3924c3b/
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