Morning news November 18: Today, the Government presented to the National Assembly mechanisms and policies to remove obstacles for land.

National Assembly deputies at the discussion session last October, the National Assembly discussed 5 draft laws on this day - Photo: Quochoi.vn

Today, the Government presented to the National Assembly mechanisms and policies to remove obstacles for land.

According to the meeting agenda, this morning, the National Assembly will discuss in the hall the draft Law on amending and supplementing a number of articles of the Law on Public Debt Management. At the end of the discussion, the Minister of Finance will explain and clarify a number of issues raised by National Assembly deputies.

Next, the National Assembly will discuss in the hall the draft Law amending and supplementing a number of articles of the Law on Insurance Business. The Minister of Finance will explain and clarify a number of issues raised by National Assembly deputies.

In the afternoon, the National Assembly will listen to the Minister of Agriculture and Environment, authorized by the Prime Minister, present a draft resolution of the National Assembly stipulating a number of mechanisms and policies to remove difficulties and obstacles in organizing the implementation of the Land Law.

Then, listen to the Chairman of the National Assembly's Economic and Financial Committee present the review report on this draft resolution.

According to the draft, the Government proposed to add 3 cases in which the State reclaims land for socio-economic development in the national and public interest.

Regulations on conditions for land recovery for national defense and security purposes, socio-economic development for national and public interests, and on the basis for land recovery in cases of land recovery according to the progress of investment projects or according to the progress of land recovery, compensation, support, and resettlement.

Notably, the proposed regulation on land price calculation for land compensation and resettlement land price is calculated according to land price in the land price table and land price adjustment coefficient.

Allow land users to choose the form of land lease with one-time payment or land lease with annual payment, except for the case of land use by public service units.

During the remaining time of the afternoon, the National Assembly will discuss the draft Law amending and supplementing a number of articles of the Law on Anti-Corruption.

Billion-dollar fund withdraws capital from MBBank

Military Commercial Joint Stock Bank - MBBank (MBB) has just updated the list of shareholders owning 1% or more of charter capital. Accordingly, Pyn Elite Fund is no longer in the group of shareholders holding 1% or more of capital at MBBank.

Previously, Pyn Elite Fund still owned more than 86.3 million MBB shares, equivalent to 1.63% of charter capital.

See the latest news on gold prices today here

Pyn Elite Fund is one of the largest foreign funds in the market, with a management portfolio size of up to 940 million euros (about 28,600 billion VND, approximately more than 1.1 billion USD) as of the end of October this year.

According to the newly published October report, the top 10 portfolios of Pyn Elite Fund include 4 bank codes such as STB, MBB, VIB, OCB.

Notably, Pyn Elite Fund recorded a negative investment performance of 4.85% in October when the stock market faced correction pressure.

Imported cars are processed in Ho Chi Minh City - Photo: NHU BINH

In 10 months, the whole country spent up to 8.5 billion USD to import cars and spare parts.

According to the latest statistics of the Customs Department, the import value of complete cars and auto parts in the past 10 months reached 8.5 billion USD.

Specifically, in the past 10 months, the country imported 171,364 cars, an increase of 28,558 units compared to the same period last year.

Of which, the imported vehicles are mainly complete cars, with 128,564 units, an increase of 11,121 units compared to the same period in 2024.

Next are trucks at 22,415 units, an increase of 9,934 units; other types of cars are 22,315 units, an increase of 7,819 units compared to the same period in 2024.

For cars with more than 9 seats, in the past 10 months, Vietnam only imported 70 cars.

Regarding the car import market, according to information from the customs agency, imported cars of all kinds to Vietnam in the past 10 months mainly originated from Indonesia and Thailand, accounting for 72% of the total import volume of the country. Of which, imports from Indonesia were 64,626 units and from Thailand were 56,862 units.

Interest rates increased sharply

In early November alone, joint stock commercial banks including VPBank, KienlongBank, Bac A Bank, SHB, NCB, MB... increased deposit interest rates compared to the previous month.

For example, VPBank , in just the last 2 weeks, this bank has increased the deposit interest rate twice for priority customers. The deposit amount is more flexible, applying the level of 100 million - 300 million VND instead of over 300 million VND as before, with interest added. The 6-month term for deposits from 100 million - 300 million VND is increased by VPBank to 6.4%/year, up to 1% compared to about last month.

Notably, many banks raised interest rates for terms under 6 months to a ceiling of 4.75%/year.

According to experts, the increase in deposit interest rates may put pressure on lending interest rates in the coming time. In the report on the socio-economic situation in the past 10 months submitted to the Government Standing Committee, the Ministry of Finance assessed that one of the difficulties and challenges is that the new lending interest rates at commercial banks are increasing.

Accordingly, as of October 10, the average lending interest rate for new transactions of commercial banks was at 6.55%/year, an increase of 0.03%/year compared to September 10, although still down 0.38%/year compared to the end of 2024.

In addition, interbank interest rates and government bond issuance interest rates tend to increase. As of October 31, compared to the beginning of October, interbank interest rates for all terms increased from 0.11 - 0.37%/year for terms over 1 month.