Morning news 11-28: National Assembly meets to adjust the National Master Plan with a vision to 2050

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The National Assembly considers organizing the national space into 6 socio -economic regions.

According to the meeting agenda, this morning (November 28), the National Assembly discussed in the Hall the draft Law on Planning (amended) and the adjustment of the National Master Plan for the 2021-2030 period, with a vision to 2050.

The draft report on adjusting the National Master Plan for the 2021-2030 period, with a vision to 2050, sets the target of striving for an average GDP growth rate of 10% or more per year in the 2026-2030 period.

The Government 's report also proposed organizing the country's development space into 6 socio-economic regions; building an organizational model and regional coordination mechanism to implement intra-regional linkages and promote linkages between regions, improving the efficiency of resource use.

Accordingly, the Northern Midlands and Mountains region includes 9 provinces: Lang Son, Cao Bang , Thai Nguyen, Tuyen Quang, Phu Tho, Lao Cai, Lai Chau, Dien Bien, Son La.

The Red River Delta includes 6 provinces and cities: Hanoi , Hai Phong, Ninh Binh, Hung Yen, Bac Ninh, Quang Ninh.

The North Central region includes 5 provinces and cities: Thanh Hoa, Nghe An, Ha Tinh, Quang Tri, and Hue.

The South Central Coast and Central Highlands region includes 6 provinces and cities: Da Nang, Quang Ngai, Gia Lai, Dak Lak, Khanh Hoa, Lam Dong.

The Southeast region includes 3 provinces and cities: Ho Chi Minh City, Dong Nai, Tay Ninh.

The Mekong Delta region includes 5 provinces and cities: Can Tho, Vinh Long, Dong Thap, An Giang, Ca Mau.

In the afternoon, the National Assembly discussed the draft Law amending and supplementing a number of articles of the Law on Urban and Rural Planning.

Overnight interbank interest rates fall below 6%

According to updated news from the Vietnam Interbank Market Research Association (VBA), the average offered interest rate on the interbank market for Vietnamese Dong recorded two-way adjustments.

Short-term rates fell by 0.05 to 0.7 percentage points, while one-month rates rose by 0.15 percentage points from the previous session. At the end of the day, trading rates were at 5.8% overnight, 6% one-week, 6.4% two-week and 6.15% one-month, respectively.

For USD, the average interbank offered interest rate increased slightly from 0.02 to 0.03 percentage points in most terms, except for the one-month term which decreased by 0.01 percentage point. The closing interest rates reached 3.94% overnight, 4% for one week, 4.04% for two weeks and 4.05% for one month respectively.

People continue to deposit more money in banks

According to the latest data from the State Bank , as of the end of September, the total amount of money deposited by people and businesses in banks exceeded 16 million billion VND.

Of which, deposits from residents were 7.83 million billion VND, an increase of 10.8% compared to the end of 2024; while businesses and economic organizations deposited more than 8.35 million billion VND, an increase of nearly 9% compared to the end of last year.

Thus, from August 2022 to now, deposits in the banking system have increased continuously, the following month always increasing compared to the previous month, even though there was a period when the mobilization interest rate decreased to only below 5% for a term of 6 to 12 months.

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Regarding the movement of deposit interest rates in the past month, the increase has been significant, especially at private joint stock commercial banks. Currently, the common interest rate listed by many private joint stock commercial banks is 6.2% - 7% / year depending on the deposit amount and term of 6 months or more.

The 6-month term is the most popular choice for people to deposit money. Interest rates also recorded a significant increase for this term, with a common rate of 6.3%-6.5%/year depending on the bank.

As at VPBank, the deposit interest rate applied to priority customers for deposits of 100 million VND or more has increased 3 times since the end of October until now. For example, the 6-month term for deposits of 100 million VND or more is 6.5%/year.

According to banking experts, one of the main reasons for the increase in deposit interest rates is the increase in capital demand at the end of the year. According to the State Bank's calculations, credit growth this year is about 20%, higher than the 14% -15% of recent years.

Securities Commission warns of fake investment funds

The State Securities Commission has just announced that it has received a report from Vietcombank Securities Investment Fund Management Company Limited (VCBF) reflecting the cases of forgery.

Specifically, some entities created a website with the domain name: https://quymotangtruongvcbf.com with a name that is easily confused with the official website of VCBF because the website name includes the brand name "VCBF" and currently VCBF is managing an open-ended fund called VCBF Growth Stock Investment Fund.

In addition, there are signs of text forgery when the logo, company name and seal are similar to VCBF's text.

Securities trading at Vietcap Securities Joint Stock Company, Ho Chi Minh City - Photo: QUANG DINH

The Commission has advised investors to be cautious and check and compare information before trading. This is not the first time the agency has issued a warning about the phenomenon of fake investment funds.