Vietnam

Bảo hiểm tiền gửi chi trả sớm, không cần chờ ngân hàng phá sản

VN Express | Local Language | News | Dec. 12, 2025 | UndeterminedBankruptcy-Insolvency

On December 10, the National Assembly passed an amended Deposit Insurance Law with over 94% approval. Effective from May 1, 2026, the law introduces three cases for deposit insurance payouts: when the State Bank approves a bankruptcy plan for a credit institution or foreign bank unable to pay deposits; when the State Bank suspends deposit-taking activities of a credit institution under special control that has losses exceeding 100% of its charter capital; and when the regulator requires payment to ensure system safety, public order, and social safety. These additions aim to enable timely payouts and stabilize depositor confidence.

The Governor of the State Bank, Nguyen Thi Hong, was assigned to set the maximum payout limit periodically. Currently, the limit is 125 million VND, although some delegates had proposed increasing it. The amended law also expands the role of the deposit insurance organization to include handling credit institutions under early intervention and special control, managing crises, and evaluating recovery and restructuring plans. The organization can provide zero-interest special loans to insured banks and is permitted to borrow unsecured funds at zero percent interest from the State Bank to make early payouts and cover shortfalls in the operational reserve fund.

Thông xe trên đèo nối Đà Lạt - Khánh Hòa sau hơn 1 tháng tê liệt

Dantri | Local Language | News | Dec. 12, 2025 | Accidents

Traffic on the D'ran Pass, connecting Đà Lạt and Khánh Hòa, was reopened on December 11 after being closed for more than a month due to a landslide. The Lam Dong Department of Construction allowed vehicles with loads under 5 tons and passenger cars with fewer than 16 seats to travel in both directions, while heavier vehicles and larger buses must use alternative routes.

The landslide occurred on October 28, caused by prolonged heavy rain, which triggered the collapse of an uphill slope near Cầu Xéo, blocking the 10 km stretch of National Highway 20. The pass, known for its dangerous curves, links Đà Lạt with Song Pha Pass on National Highway 27, forming the route to Phan Rang in Khánh Hòa province.

Authorities continue to work on stabilizing the landslide area and advise drivers to avoid traveling through the pass at night or during heavy rain. Drivers are also urged to adhere to traffic signs and diversion plans in the repair zones to ensure safety.

IMF dự báo Trung Quốc tăng trưởng 5% năm nay

VN Express | Local Language | News | Dec. 12, 2025 | UndeterminedEconomic Growth

The International Monetary Fund (IMF) raised its forecast for China's economic growth in 2025 from 4.8% to 5%. For 2026, the IMF expects China’s growth to reach 4.5%, up from the previous forecast of 4.2%. The IMF highlighted China’s economic resilience despite various shocks in recent years but noted ongoing challenges such as a weakening property sector, high local government debt, and weak domestic demand.

The IMF emphasized the need for China to accelerate structural reforms and transition its economy from reliance on exports and investment toward a consumption-driven growth model. Although China recorded a trade surplus exceeding $1 trillion in the first 11 months of 2025, the IMF cautioned that dependence on exports is unsustainable amid rising global trade tensions.

Recommendations from the IMF include adopting more accommodative macroeconomic policies while reforming to reduce household saving rates, curbing inefficient investments, and eliminating unnecessary industrial support. They also called for strengthening the social safety net and supporting the adjustment process in the property sector. Beijing closely monitors IMF assessments, viewing them as important validation amid ongoing trade disputes.