<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/17/436540_201957_bppepper.jpg" alt=""></figure></td></tr><tr><td>Workers harvest pepper in Đồng Nai Province. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — There is an urgent need to reduce raw exports and boost the proportion of deep processing to enhance added value, especially for pepper, a product with notable strengths, as agricultural exports continue to uphold their role as a key sector in Việt Nam’s economy, according to experts.Most of the pepper exported is still in raw form or has only undergone basic preliminary processing (cleaning, sorting or drying). The proportion of deeply processed pepper (grinding, mixing with spices or packaging with private labels) is still modest.According to the Vietnam Pepper Association (VPA), deeply processed pepper products accounted for about 30 per cent of total export value in 2023, up from 20–25 per cent a few years ago, but still not commensurate with the potential.The Thời báo Ngân hàng (Banking Times) quoted VPA Vice Chairman Hoàng Phước Bình as saying that exporting raw pepper brought short-term benefits because it was easy to consume and the investment capital for processing was not large.However, he considered this a 'quick-profit' strategy that could easily lead to a large loss of value in the supply chain.Raw pepper is often sold at a price 20–30 per cent cheaper than deeply processed products.“We sell raw materials at low prices, while foreign companies process them and resell at significantly higher prices. This results in a substantial loss of added value,” he said.Currently, global market demand is changing dramatically. Customers in the US, EU and Japan increasingly prioritise deeply processed pepper, ensuring food hygiene and safety, with certification and traceability.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/17/436542_53486_CH1.jpg" alt=""></figure></td></tr><tr><td>Products from Phúc Sinh Corporation. — VNS Photo Văn Châu</td></tr></tbody></table></figure>Some Vietnamese enterprises have made significant investments to drive change.Phúc Sinh Corporation, for example, operates a grinding and packaging facility that meets US and European export standards.Companies like Olam Vietnam and Nedspice Vietnam have also established modern processing lines, exporting finely ground pepper and custom spice blends tailored to customer requirements.Each tonne of deeply processed pepper could sell for 15–30 per cent more than raw pepper, depending on the market, said a representative from Phúc Sinh Group.At the same time, companies with this strategy are able to secure longer-term, more stable contracts, he said.He added that European customers no longer buy just pepper. They expect finished products that are ground and packaged, with clear traceability.By doing so, the firm not only commands higher prices, but also builds long-term customer loyalty, said the representative.However, there are still not very many of these enterprises. Preliminary statistics show that less than one-third of Việt Nam's total pepper exports are deeply processed products. The majority is still black and white pepper that is processed, bagged and exported in raw form.To sell at high prices, it is necessary to produce clean products with consistent quality and transparent traceability, emphasised Bình.Mixing pepper from many sources and then exporting it — as was often done before — is now impossible, he said.If Việt Nam doesn't transform quickly, it could lose market share to emerging competitors like Brazil and Indonesia, which are promoting investments in deep processing and semi-finished products, as well as building their own brands, he added.A representative of the Ministry of Agriculture and Environment said that the strategy for developing Việt Nam's pepper industry aims to slash raw pepper exports and lift the share of value-added, deeply-processed products to at least 50 per cent by 2030.This is an inevitable direction to raise export value, boost farmers’ incomes and reduce reliance on low-price competition.VPA Chairman Nguyễn Nam Hải recommended that businesses join hands with farmers to build standardised raw material areas, invest in processing and develop Vietnamese brands. Only when selling with higher added value can we truly develop sustainably.Pepper is one of the country's key agricultural export products. Since 2001, Việt Nam has risen to become the world's largest pepper exporter, currently supplying over 60 per cent of global trading volume.According to the General Department of Customs, pepper exports continued to grow in both volume and value in the first six months of this year.Việt Nam had exported 124,133 tonnes of pepper of all kinds by the end of last month, of which black pepper reached 105,939 tonnes and white pepper reached 18,194 tonnes.Total export turnover reached US$850.5 million in the first six months of the year. Of this, black pepper accounted for $704.1 million, while white pepper reached $146.4 million.Compared to the same period last year, export volume declined by 12.9 per cent, but export turnover grew by 34.1 per cent. — VNS

According to the Vietnam Pepper Association (VPA), deeply processed pepper products accounted for about 30 per cent of total export value in 2023, up from 20-25 per cent a few years ago, but still not commensurate with the potential.

Pepper industry needs to quickly shift from raw exports to deep processing

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/17/437532_p11.jpg" alt=""></figure></td></tr><tr><td>A view of HCM City, which is one of the two venues of Việt Nam's IFC. VNA/VNS Photo&nbsp;</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— Việt Nam’s roadmap to establishing an international financial centre (IFC) hinges not only on planning, infrastructure and human capital, but above all, on attracting strategic investors, according to experts.Resolution No&nbsp;222/2025/QH15, recently signed by National Assembly chairman Trần Thanh Mẫn, lays out a legal framework for the development of IFCs in Việt Nam, with HCM City and Đà Nẵng named as the two designated hubs.Coming into force on September 1, the Resolution introduces a range of breakthrough and competitive mechanisms to support the centres’ development.While groundwork such as land-use planning, zoning and infrastructure is being addressed, one of the most decisive factors for success lies in the ability to attract investors, particularly strategic ones.Recent developments suggest growing foreign interest. Following a US$1.5 billion investment in Hưng Yên, the Trump Organisation has showed interest in developing a project in Thủ Thiêm - the area set to house HCM City’s IFC.A senior delegation from the organisation conducted field visits and held talks with local authorities to explore the potential site for a proposed Trump Tower, which will include a shopping mall, luxury apartments, a five-star hotel and office space. The company is also eyeing Đà Nẵng, Việt Nam’s second planned IFC location.According to a recent report by the Đà Nẵng People’s Committee, over 10 investors have expressed their interest and commitment to participating in the development of the local IFC. Notably, a consortium comprising Makara Capital, Terne Holding and Trump Organisation has proposed to become a strategic investor in the Đà Nẵng centre.Makara Capital Partners, a leading Singaporean firm specialising in fund management, asset investment and innovative financial solutions, has already built ties with Việt Nam. During a meeting with Prime Minister Phạm Minh Chính in early July 2025, Chairman and CEO Ali Ijaz Ahmad affirmed that Makara had conducted “in-depth” market research and expressed confidence in Việt Nam’s strategic development vision.Beyond its biopharma industrial park in Hưng Yên (in former&nbsp;Thái Bình Province), Makara also aims to support the restructuring of Vietnamese banks and participate in IFC development. According to Ahmad, the group could mobilise between $5-7 billion to support this effort.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/17/437557_da%20nang.jpg" alt=""></figure></td></tr><tr><td>A view of Đà Nẵng. VNA/VNS Photo</td></tr></tbody></table></figure>In a separate meeting in March, Deputy Prime Minister Nguyễn Hòa Bình urged Swire Group - one of the UK’s leading conglomerates - to take part in the development of IFCs in HCM City and Đà Nẵng. Swire has already invested in Empire City in Thủ&nbsp;Thiêm, widely regarded as the heart of the southern IFC. The group pledged continued support for the area's development.The strategic investor imperativeWhile foreign interest is encouraging, the key question remains - when will these plans materialise, and how can Việt Nam attract the calibre of investors needed to anchor its IFCs?Nguyễn Văn Quảng, Secretary of the Đà Nẵng Party Committee, recently underscored a broader perspective during a meeting with voters. In his view, an IFC is more than just “a financial office” - it must be a “living ecosystem” where investors genuinely feel it is a desirable place to live and invest.Finance Minister Nguyễn Văn Thắng echoed this, stating that the goal of building IFCs is to attract international capital flows to serve Việt Nam’s three strategic breakthroughs, support both traditional and emerging growth drivers, and promote high-end financial services. These centres, he said, will also be key to piloting and managing emerging markets in line with real-world demands.In addition to a “liveable” ecosystem, a thriving IFC requires a robust network of investors. The challenge, then, is not only to build the physical infrastructure but also to create conditions that entice major financial players to establish a base in Việt Nam.The roles of the two designated IFCs are already clearly defined. The HCM City centre is expected to focus on capital markets, banking, fintech sandboxes, and specialised trading platforms. Meanwhile, Đà Nẵng will test new models such as green finance, sustainable finance, fintech innovation and digital financial services.Ultimately, Việt Nam’s IFC vision is targeting the world’s top financial institutions and investment funds, seeking to develop a vibrant ecosystem to support digital finance, digital assets and fintech applications. — VNS

Việt Nam’s roadmap to establishing international financial centres (IFCs) hinges not only on planning, infrastructure and human capital, but above all, on attracting strategic investors, according to experts.

Strategic investors key to Việt Nam’s international financial centre ambitions: Insiders

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/18/437817_5220626819975146_%E1%BA%A2nh%20ch%E1%BB%A9ng%20ch%E1%BB%89%20b%E1%BA%A3o%20v%E1%BB%87%20kh%C3%A1ch%20h%C3%A0ng.jpg" alt=""></figure></td></tr><tr><td>F88 was&nbsp;awarded the Gold Level Certification for&nbsp;Client Protection by M-CRIL. Photo F88</td></tr></tbody></table></figure>&nbsp;F88, a pioneer in Việt Nam’s alternative finance sector, has once again affirmed its leadership position by being awarded the Gold Level Certification for&nbsp;Client Protection by M-CRIL.This marks the third time F88 has received this prestigious honour since 2019, and the second consecutive year it has achieved the highest possible rating. The achievement highlights F88’s deep and ongoing commitment to building a transparent, sustainable financial ecosystem that puts customers first.Issued by M-CRIL and developed in collaboration with globally recognised organisations Cerise+SPTF, the Client Protection Certification (CPC) is one of the most comprehensive and demanding assessments in the financial services sector. It evaluates how well institutions uphold international standards in client protection, requiring excellence in areas ranging from product design and customer communication to data security and corporate governance.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/18/437818_5220627304735667_%E1%BA%A2nh%202%20(2).jpg" alt=""></figure></td></tr><tr><td>Data protection remains a top priority at F88. Photo F88</td></tr></tbody></table></figure>To achieve Gold Certification, financial institutions must comply with eight core principles, 26 essential practices and over 120 detailed indicators, meeting a minimum compliance rate of 95 per cent&nbsp;and avoiding any disqualifying breaches. F88 surpassed these benchmarks with an impressive 98.3 per cent&nbsp;compliance score, demonstrating the strength of its internal systems and customer-first strategy.This success is not accidental. It stems from a clearly defined and responsibly executed development strategy focused on customer needs and protection. By creating tailored financial solutions to ensure better access to capital and standardising all product information with transparent, easy-to-understand language, F88 has embedded customer care into every step of its operations. The company also applies fair and responsible pricing when evaluating assets used in collateral, ensuring interest rates and fees remain balanced and justified.Data protection remains a top priority at F88. Customer data is collected only with explicit consent, securely stored and managed under strict internal controls. This information is then used to fairly assess creditworthiness, helping minimise financial risk for both parties while avoiding over-indebtedness for the customer.Throughout its operations, F88 consistently upholds fairness and integrity. Customers from all backgrounds, including vulnerable groups, receive equal access to financial services. The company adheres to a core principle of 'do no harm', ensuring that all decisions — from product offerings to debt restructuring — are made with the customer’s best interest in mind.F88 has also developed a robust, multi-channel feedback and complaint resolution mechanism that allows customers to express concerns easily and expect swift resolution. The company currently resolves over 99 per cent&nbsp;of complaints within 30 days, a figure that reflects not only operational efficiency, but also a strong culture of listening and learning.Underpinning all of this is F88’s solid governance structure. With clear internal policies, a strong credit risk management framework and ongoing ethics training for its staff, the company ensures that its team consistently delivers responsible and professional service.The impact of these efforts is evident in F88’s performance. In the first half of 2025, the company reported a Net Promoter Score of 73 per cent, with over half of its customers returning for additional services — clear signs of growing trust and customer satisfaction.Commenting on the milestone, Chairman and CEO of F88 Phùng Anh Tuấn said: "A company like F88 cannot grow sustainably by abandoning its social mission in pursuit of short-term profit. Our goal is to grow along with our customers, not to trap them in debt."This recognition comes at a pivotal time for F88. Having recently become a public company and progressing toward listing on the UpCOM exchange, the Gold Certification strengthens its position in the eyes of investors and partners. For stakeholders who value Environmental, Social and Governance (ESG) criteria, it sends a powerful message: F88 is a transparent, ethical and socially responsible business — an organisation that balances profitability with purpose and offers a sound investment opportunity.M-CRIL is a global leader in rating financial institutions and works with investment support from the Asian Development Bank. Through its work, M-CRIL reduces risks for financial entities while encouraging micro and small businesses to adopt best practices.

This marks the third time F88 has received this prestigious honour since 2019, and the second consecutive year it has achieved the highest possible rating.

F88 earns Gold Level Certification for Client Protection

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/4/434760_5207894336708148_dai-dien-cuc-cst-1-798.jpg" alt=""></figure></td></tr><tr><td>Trương Bá&nbsp;Tuấn, deputy head of the ministry's Department of Management and Supervision of Tax, Fees and Charges Policies.&nbsp;— Photo VNA</td></tr></tbody></table></figure>HÀ NỘI&nbsp;—&nbsp;The Ministry of Finance (MoF)&nbsp;is working with relevant ministries, sectors and localities to draft a new Personal Income Tax Law to replace the current one, with plans to submit it to the Naitonal Assembly during its session this October.The MoF has submitted a report to the Government after conducting a comprehensive review of the current law, identifying shortcomings, and examining international best practices, said Trương Bá&nbsp;Tuấn, deputy head of the ministry's Department of Management and Supervision of Tax, Fees and Charges Policies, at the ministry's regular press conference on Wednesday.According to him, six main areas are under review, including taxable income definitions, tax-free income categories, and family circumstance deductions. Adjustments are also proposed for business income thresholds and the progressive tax bracket system, which currently includes seven tiers.The ministry is also considering special deductions to support spending on education and healthcare, as well as ensuring alignment with recent legal reforms and the law on tax administration.After internal review, the draft will be published for public consultation through official government portals. Authorities expect the proposal to help modernise the personal income tax system in line with Vietnam’s development needs.&nbsp;— VNS

Six main areas are under review, including taxable income definitions, tax-free income categories, and family circumstance deductions.

Revised income tax law set for October submission

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/4/434842_PMC.jpg" alt=""></figure></td></tr><tr><td>Prime Minister Phạm Minh Chính speaks at the meeting. Photo baochinhphu.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— Prime Minister Phạm Minh Chính on Thursday directed the State Bank of Vietnam (SBV) to urgently consider removing the credit growth cap regulation imposed on commercial banks and replacing the administrative management tool with a market mechanism.At the Government’s regular meeting, the PM requested the SBV to promptly remove the regulation on assigning a credit cap to each commercial bank. Instead, the SBV needs to shift its management&nbsp;to a market mechanism and develop a set of criteria for credit safety control and report it to the Prime Minister this month.The credit growth quota policy, which puts a cap on the credit expansion of each bank, has been maintained by the SBV since 2011, when Việt Nam’s economy was experiencing hyperinflation stemming from excessive money supply. The tool was used to successfully control the quality of lending and ensure the safety of the banking system and macroeconomic stability.However, experts said that after over a decade of implementation, this tool is currently inappropriate and hinders people and businesses from accessing bank loans. Due to the quota system, even with a monetary surplus, banks cannot lend if they run out of their allotted credit quota.Experts suggest the SBV can choose the best commercial bank group to test the removal of the credit growth policy in its initial phase of implementation.“The SBV can experiment with allowing about the 15-20 best banks to freely increase credit. The remaining banks will still have to apply the credit growth cap,” suggested Nguyễn Tú Anh, former director of the Centre for Economic Information, Analysis and Forecasting under the Central Economic Committee.However, Anh noted, testing the removal of the credit growth cap needs to be strictly controlled, because when the restriction is removed, the competitive environment between banks will become more intense. This will create motivation and encourage banks that are unable to freely increase credit to improve their governance quality and operational efficiency, so that they can join the group. — BIZHUB/VNS

Prime Minister Phạm Minh Chính on Thursday requested the SBV to promptly remove the regulation on assigning a credit cap to each commercial bank.

Prime Minister requests urgent removal of credit growth cap regulation

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/7/4/434774_duongbayOska.jpg" alt=""></figure></td></tr><tr><td>First Japanese passengers on the direct Osaka-Đà Nẵng flight receive a warm&nbsp;welcome after landing at Đà Nẵng International Airport on July 3.VNS Photo Công Thành&nbsp;</td></tr></tbody></table></figure>ĐÀ NẴNG —&nbsp;The national carrier, Vietnam Airlines has resumed the direct Osaka-Đà Nẵng flight after a hiatus&nbsp;, operating seven flights per week on Mondays, Thursdays, Fridays and Sundays.The airlines said the re-opening the route is seen as an effort to expand air services from Đà Nẵng City to the other cities in Japan, and key market for the national carrier with 20 per cent annual growth.Vice director of Đà Nẵng City’s tourism department&nbsp;Nguyễn Thị Hoài An&nbsp;said the flights will offer favourable conditions for visitors travelling to and from Japan and&nbsp;Đà Nẵng.She said Đà Nẵng has organised different tourism promotion programmes in Tokyo and Osaka as well as press and farm trips from Japan.Đà Nẵng alone has welcomed 108,000 tourists from Japan in the first half of this year.The city will host the annual Japan–Việt Nam Cultural Festival on July 4-6.Đà Nẵng City has inked memorandums of understanding on investment and cooperation with Yokohama, Kawasaki and Sakai, and built relationships with 15 other cities in Japan.Many&nbsp;deals and exchange programmes in tourism, culture, education and environment protection have been promoted between Đà Nẵng and Japanese partners.The first Japanese language studies and culture research faculty in the central and Central Highlands region was established at the Đà Nẵng-Đông Á University from 2020.&nbsp;At least nine cities in Japan and more than 100 businesses have signed agreements to recruit students from the university and the region to work or&nbsp;study&nbsp;in Japan.&nbsp;More than 162,000 Vietnamese students currently study the Japanese language, while 40,000 students have joined training courses in Japan. — VNS &nbsp;

The airlines said the re-opening the route is seen as an effort to expand air services from Đà Nẵng City to the other cities in Japan, and key market for the national carrier with 20 per cent annual growth.

Vietnam Airlines resumes Osaka-Đà Nẵng air service

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/6/27/433349_3.jpg" alt=""></figure></td></tr><tr><td>The department's electronic information page, the application for managing tax procedure services and the e-commerce portal for information provision platforms will be temporarily suspended from 6pm on June 27 to 8am on July 1. — Photo cafef.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— The General Department of Taxation has announced that some electronic tax systems will be temporarily suspended for upgrades from June 27 to July 1.According to the department, the upgrades are aimed at meeting the requirements of reorganising tax agencies according to the two-tier local administration model from July 1 this year.Specifically, the department's electronic information page, the application for managing tax procedure services and the e-commerce portal for information provision platforms will be temporarily suspended from 6pm on June 27 to 8am on July 1.The suspension will also apply to the electronic information portal for households and individuals doing e-commerce and digital business; electronic tax application (eTax); electronic tax application for individuals (iCanhan); the eTax Mobile application and the information portal for exchanging information with external units and organisations.Electronic invoice applications will be temporarily suspended from midnight to 3am on July 1.Only the electronic portal for foreign suppliers is still operating normally.The tax authority will still receive and process tax administrative procedures directly at the one-stop division and via post during the process of upgrading and converting applications. However, the department notes that during the suspension period, the system may experience service interruptions, affecting the progress of processing and returning results.The department recommends that taxpayers complete procedures early and will continue to provide support via online channels, telephone and at the one-stop division.During the implementation process, if taxpayers have any problems, they can contact the department's support channel.&nbsp;— BIZHUB/VNS

According to the department, the upgrades are aimed at meeting the requirements of reorganising tax agencies according to the two-tier local administration model from July 1 this year.

Some electronic tax systems suspended until July 1 for upgrade

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/6/27/433370_5202657083163522_12.jpg" alt=""></figure></td></tr><tr><td>Takahiro Okazawa, Chairman of Hioki E.E Corporation, speaks at the ceremony announcing the establishment of HIOKI Group’s subsidiary in Việt Nam. — VNS Photo Tiến Đạt</td></tr></tbody></table></figure>HÀ NỘI — Japanese technology firm Hioki, a pioneer in the field of electrical measuring instruments with more than 90 years of expertise, officially launched its Vietnamese subsidiary, Hioki Electric Vietnam, during a ceremony held on June 27 in Hà Nội.The establishment of the new branch marks a significant milestone in Hioki’s global expansion strategy and underscores the company’s long-term commitment to Việt Nam’s journey towards achieving net-zero emissions by 2050.Following Việt Nam’s pledge at the COP26 Summit, the country has aggressively implemented a series of green transition policies, particularly in renewable energy, energy efficiency&nbsp;and environmental technologies.Against this backdrop, Việt Nam has emerged as a dynamic market, attracting global enterprises with strengths in innovation and clean technologies. Hioki has identified Việt Nam as a strategic market within Southeast Asia, not only due to its high growth potential but also because of the government’s consistent orientation towards sustainable development.Hioki Electric Vietnam will serve as a strategic bridge between the parent company and local partners, aiming to maximise the efficiency of electrical measuring equipment across various industries.The company will focus on four key objectives: enhancing production efficiency and green economic growth; supporting energy saving and emission reduction through the visualisation of electricity consumption data; improving electrical safety in industrial and workplace environments; and contributing to the training of high-quality technical personnel in support of industrialisation.Speaking at the launch ceremony, Takahiro Okazawa, Chairman of Hioki E.E. Corporation, said: “The establishment of Hioki Electric Vietnam is a strategic step in our journey of innovation and global business expansion."We hope to make meaningful contributions to Việt Nam’s energy transition and support local enterprises in their pursuit of sustainable development.”The Vietnamese subsidiary will be led by Kazuhiro Takezawa, one of the youngest executives in Hioki’s history. His appointment reflects the company’s spirit of innovation and its strategy of empowering young leadership to better adapt to the specific characteristics of each market.Takezawa added: “Our goal is to build Hioki Electric Vietnam into an agile and responsive organisation that leverages data as a competitive advantage, becoming a trusted partner for both domestic and international enterprises.”Nguyễn Thanh Hằng, General Director of Victory Instrument JSC,&nbsp;a long-time local partner of Hioki,&nbsp;said: “Victory would not have grown as strongly as it has without Hioki. Every measuring instrument we distribute brings real value to thousands of Vietnamese businesses, especially as they transition towards sustainable development models.”Hioki Electric Vietnam is headquartered at Taisei Square in Hà Nội, a central hub of the capital city, with a representative office in Hồ Chí Minh City, the country’s economic engine.This presence not only strengthens Hioki’s distribution network but also lays the foundation for deeper partner engagement, tailored solution consulting and advanced technical support, contributing to the dissemination of green technologies and enhancing the competitiveness of Vietnamese firms in the global marketplace.&nbsp;— VNS

The establishment of the new branch marks a significant milestone in Hioki’s global expansion strategy and underscores the company’s long-term commitment to Việt Nam’s journey towards achieving net-zero emissions by 2050.

HIOKI establishes Vietnamese subsidiary to support carbon neutrality goals

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/6/27/433367_5202645195002193_sua-doi-bo-sung-mot-so-dieu-lien-quan-den-hoat-dong-kinh-doanh-thuoc-quan-ly-cua-ngan-hang-nha-nuoc_6597f4570bbbb.jpg" alt=""></figure></td></tr><tr><td>SBV's headquarters&nbsp;in Hà Nội. — Photo&nbsp;vnba.org.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;—&nbsp;Starting October 15, the State Bank of Vietnam (SBV) will be granted&nbsp;the authority to approve special loans with zero&nbsp;annual interest and no collateral requirements.This new authority is part of the draft law amending and supplementing several articles of the Law on Credit Institutions, which was passed by the National Assembly during its 9th session on Friday, with 435 out of 443 delegates voting in favour. The law will take effect on October 15.Currently, the authority to approve special loans with a zero&nbsp;annual interest rate or without collateral rests with the Prime Minister.Before the National Assembly’s vote, State Bank Governor Nguyễn Thị Hồng said&nbsp;that special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery and transfers. These measures aim to ensure the safety of the banking system and protect depositors’ rights.The amended Law on Credit Institutions grants debt trading and handling units the right to seize collateral on bad debts, but only with prior agreement from the borrower. The law also specifies that seized collateral must not be disputed property involved in ongoing or unresolved court cases.To prevent abuse of this right, credit institutions are prohibited from taking measures that violate the law or social ethics during the process. Additionally, all collateral seizures must comply with conditions set forth by the Government.Governor&nbsp;Hồng said&nbsp;that following the National Assembly’s approval of the law, the Government will instruct the State Bank to work closely with relevant agencies to review, evaluate and propose detailed measures for implementing and enforcing the law, ensuring consistency and effectiveness.Key issues to be addressed include the State Bank’s inspection, supervision and monitoring mechanisms for the seizure of collateral assets related to bad debts, as well as defining the responsibilities of credit institutions, foreign bank branches, debt trading and handling organisations and other involved parties in the collateral seizure process.—&nbsp;VNS

Special loans from the State budget should only be provided when credit institutions face liquidity difficulties or to facilitate compulsory recovery and transfers. These measures aim to ensure the safety of the banking system and protect depositors’ rights.

SBV authorised to grant zero-interest, collateral-free special loans

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TNH99 Vietnam joint stock company is a multi-sector investment management company. Currently, TNH99 focuses on media, marketing, real estate, health care, F&amp;B and trading. TNH99 Vietnam always defines the customer benefits as the core value in it’s development strategy. We have been incessantly inovating, creating new values, complying with, committing to respect and consistently enforcing the common principles of conduct that make up TNH99 culture. Each member of TNH99 Vietnam has so much enthusiasm, devotion. They understand that interests of the company as well as its customers and social responsibility are focused.TNH99 currently has over 26 subsidiaries and affiliates throughout the country. At TNH99, more than 300 employees, experienced professionals, industry-leading experts, senior advisors and an open knowledge system provide a solid foundation for sustainable development.PRINCIPLES OF OPERATIONFollowing the "for human development" philosophy, TNH99 constantly searches and researches the needs of human and social trends. With the visionary leadership and management as well as young and professional staff, we are constantly growing and affirming our brand in the fields in which we operate in the Vietnamese market.CORE VALUESPeople are the most important resource, helping to create the values and differences of TNH99. They have the knowledge, qualifications and experience that are constantly accumulated and developed.The employees of TNH99 also have the unique characteristics of the Vietnamese people and industries. They always unite, strive towards professionalism, absorb and behave appropriately in communication with customers.Besides, leadership capacity is a key factor that helps TNH99 plan and successfully implement the sustainable development goals, promote the use of advanced management systems and tools, make accurate and timely decisions.Orientation to improve social responsibility, value management is applied at TNH99 to create a culture of effective work, productivity and quality. These values ​​are shared by TNH99 leaders and staff with partners and customers.TNH99 is committed to behave and operate with the following values: Efficiency, Quality, Straightforward, Enthusiastic, Professional.QUALITY POLICY:Meet the needs and satisfy customers by the highest quality of organization and service;Regularly research, apply and develop advanced technology to improve product quality, service and competitiveness in the field of operation;Identify and provide sufficient resources to ensure effective implementation of the quality management system.DEVELOPMENT ORIENTATIONWith a joint-stock operating model, we are still consistent with the tagline "We grow business", in which the principle of human resource development is an important step, governance is an important phase and promoting corporate culture is a regular task. Oriented solutions and services of TNH99 helps businesses to create sustainable added values ​​for people.We are committed to providing the most effective and practical services for Vietnamese businesses and the world for sustainable joint development.We always keep in mind, cherish and create products that constantly meet the expectations of the business community.We behave and cooperate based on civilized values ​​while promoting the cultural identities of VietNam.

About Us

In more than 15 years of establishment and development, with prestigious brands such as the Institute for Brand Strategy and Competition (BCSI), Vibiz, Vmark, Aaker,... and hundreds of media channels, we have affirmed our position as one of the pioneers and prestigious units in the field of market research, marketing consulting, communications, advertising and event organization in Vietnam. With a strategic vision and an experienced creative team, we provide comprehensive communication solutions, helping businesses not only reach the right customers but also build sustainable brand value in the public mind. The modern media industry requires a combination of content strategy, technology and the ability to understand consumer behavior. We provide a closed service ecosystem, including: - Market research and brand health - Consulting and building integrated communication strategy (IMC) - Creative content production (TV, digital, OOH, POSM, corporate films, TVC ...) - Management and implementation of multi-channel advertising campaigns: from traditional press to digital platforms such as Facebook, YouTube, TikTok, Google ... - Internal branding and brand communication services - PR - Press communication and media crisis handling With the orientation of "communication is not only to be known, but to be trusted", we always focus on the depth of the message, personalization and the ability to connect the brand with the target customers. In addition to communication capacity, we are a leading event organizer, with more than 1,000 large and small events held nationwide. We provide services from concept, design, production to full operation, including: - Marketing campaigns - Product launch, opening ceremony, anniversary celebration - Customer conferences, seminars, international forums - Activation, roadshow, exhibition, trade fair - Cultural, artistic and community CSR events Each event we organize is designed as a vivid communication story, where the brand is not only introduced, but also felt, loved and remembered. Our strength lies not only in our ability to organize or create content, but also in our ability to think about comprehensive communication strategies. We understand that in the digital age, brands cannot "shout loudly" but must "say the right thing, do the right thing and touch the emotions". With a team of experienced experts in marketing, communications, content production, art and digital technology, we are a trusted partner in the journey of building strong brands, winning public trust and promoting business growth.

Communication

In the digital age, information technology is not only a tool to support operations but has become the backbone of business development strategies. Realizing that, TNH99 has developed information technology services as a strategic pillar, providing comprehensive digital solutions for organizations and small and medium enterprises in Vietnam. TNH99 specializes in consulting and implementing digital transformation roadmaps from the root - starting from assessing the current state of operations, analyzing needs, to building digital systems suitable for the characteristics of each industry. We do not provide "ready-made" technology products, but focus on designing flexible, customized solutions according to reality, to ensure effective implementation and sustainable operation. One of TNH99's outstanding strengths is software development in the fields of medical health care, building management and operation, data mining, social listening. These systems are capable of linking internal data, real-time reporting and expanding integration with other platforms such as accounting systems, electronic invoices, banks or online payment gateways. In parallel with the management software, TNH99 also owns a team of experts in designing and operating business websites, e-commerce platforms and landing page platforms dedicated to marketing campaigns. All are built with a friendly interface, SEO standards, fast loading speed, multi-device compatibility and high security. In addition, TNH99's e-commerce solutions also support order management, customers, shopping carts, online payment integration and effective remarketing tools. In terms of infrastructure, TNH99 provides comprehensive IT system management solutions, from server setup, internal or cloud storage systems, to LAN setup, surveillance cameras, remote operating systems. In particular, information security and safety services are one of the top priorities, with encryption tools, periodic backups and access monitoring to protect business data from increasing cyber risks. For businesses that do not want to invest in their own IT team, TNH99 provides IT Outsourcing services - hiring technology experts periodically or by project. From daily technical support, system maintenance, troubleshooting, to training internal staff to use technology systems, we ensure professionalism - quick response - cost savings while still ensuring stable operating quality. All of TNH99's information technology services are built on 4 core principles: understanding the problem correctly - designing a custom solution - flexible implementation - long-term companionship. Not only a service provider, TNH99 wants to become a strategic technology partner of businesses on the journey of sustainable development.

Infomation Technology

We are a pioneer in providing comprehensive F&amp;B solutions, from restaurant operations, event organization, catering to importing and distributing high-end culinary specialties, including wine and imported food from famous regions around the world. With the philosophy that cuisine is a bridge between culture and life experience, TNH99 is committed to bringing customers satisfaction in every dish, every glass of wine and every moment of service. Professionally operated culinary - F&amp;B service chain: - KKAVENUE member company with a multi-style La Fontaine restaurant chain: from traditional Vietnamese dishes to modern fusion menus, youthful design space, international standard service. - Catering: serving family parties in a cozy and private space at private homes and villas, ensuring food safety, reasonable nutrition, and standard operation. - Event party - catering service: organizing full package wedding parties, birthdays, conferences, opening ceremonies... with flexible menus and attentive service. Importing - distributing high-end specialties and wines: Brandx member company is a direct importer and exclusive distributor of many high-end product lines serving the sophisticated culinary market: - Imported wines and beverages: from France, Italy, Chile, Australia, America,... with a diverse portfolio from regular wines to premium lines (Grand Cru, DOCG, Reserva...). - Regional specialties and high-end ingredients: such as European cheese, cold cuts, local spices, organic foods - supporting restaurant chains and distributors. - Gift baskets, high-end culinary gifts: designed according to the holiday season, combining the quintessence of Vietnamese and international cuisine - both luxurious and meaningful. We commit to: - Quintessence of raw materials - input standards: strictly selected, clear origin, meeting international safety standards. - Continuous innovation - flexible according to needs: meeting diverse individual, organizational and corporate customers. - Consistent service quality: whether it is a meal or a glass of wine at a high-end party, TNH99 focuses on the final customer experience. - Sustainable development - responsible business: minimizing F&amp;B waste, developing a clean supply chain, prioritizing high-quality Vietnamese goods.

Our Expertise

In TNH99's multi-industry development strategy, the real estate sector plays an important role in creating long-term value for the community and investors. Established as a member company, Allard Homes was born with the mission of becoming a professional, humane and sustainable real estate management and development unit, focusing on modern - sophisticated - livable housing products and urban projects. Allard Homes operates on the foundation of combining creative development thinking and international standard implementation capacity. With a team of experienced experts in the fields of planning, architecture, construction and finance, Allard Homes participates comprehensively in the process of market research, master planning, architectural design, construction and project management.From nursing homes, health care centers, eco-villas to synchronous urban areas, Allard Homes always focuses on three core factors: Construction quality - Investment value - Living experience. Each project is not just a real estate product, but a living ecosystem: a harmony between utilities, landscape, architecture and future residential community.In particular, Allard Homes prioritizes participating in the development of projects following the trend of "green and smart real estate", integrating standards of energy saving, green space, smart management and long-term after-sales services - contributing to the sustainable development of Vietnamese urban areas.With financial support, a multi-industry ecosystem and operational capacity from TNH99, Allard Homes not only creates high-quality real estate products, but also opens up opportunities for transparent, effective and long-term investment cooperation for strategic partners, individual and institutional investors.

Real Estate

With a distinguished heritage spanning over a decade in healthcare excellence, TNH99 Vietnam Joint Stock Company established the Medpharin Institute for High-Tech Pharmaceutical Research and Development — a pioneering institution dedicated to delivering optimal, bespoke health solutions through the harmonious integration of advanced biomedical technology and the enduring wisdom of traditional medicine.&nbsp;Complementing this foundation, TNH99 has thoughtfully cultivated a comprehensive healthcare ecosystem through a portfolio of esteemed subsidiaries. Peacelife Vietnam specializes in the production and distribution of premium herbal remedies and functional supplements, preserving and revitalizing Vietnam’s rich tradition of medicinal herbs. In parallel, My Health Vietnam stands at the forefront of digital healthcare innovation, developing intelligent m-Health platforms, AI-powered medical applications, gene sequencing technologies, family healthcare management solutions, and precision medicine services — all committed to fostering a proactive, health-literate community while elevating the global stature of Vietnamese healthcare.&nbsp;Building upon this legacy of holistic well-being, TNH99 made a visionary expansion into the luxury wellness and beauty sector with the founding of Éclat Vietnam — the exclusive owner and operator of Éclat Wellness &amp; Spa. Conceived as a sanctuary of refined beauty and restorative tranquility, Éclat Wellness &amp; Spa masterfully unites advanced therapeutic techniques, state-of-the-art technology, and an opulent, resort-style ambiance. Nestled within Hanoi’s prestigious Diplomatic Corps area — a modern, well-appointed neighborhood offering easy connectivity to the city’s major residential and commercial hubs — Éclat Wellness &amp; Spa offers an exquisite, timeless beauty experience through a portfolio of meticulously curated, five-star personalized services across three signature domains: Spa – Massage – Hair &amp; Nail. Every moment within Éclat is an invitation to celebrate individual beauty, nurture inner harmony, and embrace the art of gracious living.

Với hơn một thập kỷ hoạt động trong lĩnh vực chăm sóc sức khỏe, TNH99 đã thành lập Viện Nghiên cứu và Phát triển Dược phẩm Công nghệ cao (Medpharin), cung cấp các giải pháp tối ưu, cá nhân hóa, kết hợp giữa công nghệ hiện đại và tinh hoa y học truyền thống. Song song với đó, Tập đoàn cũng phát triển hệ sinh thái chăm sóc sức khỏe thông qua các công ty thành viên. Công ty Peacelife Việt Nam chuyên sản xuất và phân phối thực phẩm chức năng và các sản phẩm chăm sóc sức khoẻ từ thảo dược, đặc biệt là các sản phẩm từ cây thuốc Nam. Bên cạnh đó, TNH99 đầu tư Công ty My Health Việt Nam, tiên phong ứng dụng công nghệ thông tin vào y tế, phát triển các nền tảng m-Health, giải pháp số hóa, trí tuệ nhân tạo, giải trình tự gen, chăm sóc sức khoẻ gia đình và y học chính xác, với sứ mệnh xây dựng cộng đồng khỏe mạnh, chủ động và từng bước nâng tầm vị thế người Việt trên trường quốc tế.Dựa trên nền tảng vững chắc đó, TNH99 tiếp tục mở rộng lĩnh vực wellness &amp; beauty với sự ra đời của Éclat Việt Nam — đơn vị sở hữu và vận hành thương hiệu Éclat Wellness &amp; Spa. Đây là chuỗi điểm đến làm đẹp toàn diện, kết hợp liệu pháp trị liệu chuyên sâu, công nghệ tiên tiến và không gian nghỉ dưỡng đẳng cấp. Éclat Wellness &amp; Spa mang đến trải nghiệm làm đẹp vượt thời gian và thư giãn tuyệt đối thông qua hệ thống dịch vụ cá nhân hóa chuẩn 5 sao, tập trung vào 3 lĩnh vực chính: Spa – Massage – Hair &amp; Nail.