Vietnam

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.

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.

Chỉ đạo, điều hành của Chính phủ, Thủ tướng Chính phủ ngày 10/12/2025

Bao Dien Tu | Local Language | News | Dec. 12, 2025 | UndeterminedPolitical Policy Resistance

The Government of Vietnam issued Resolution No. 405/NQ-CP on December 10, 2025, extending the deadline to resolve policies and regimes for individuals working outside staffing quotas at provincial and district-level Associations assigned by the Party and State. This extension aligns with Resolution No. 07/2025/NQ-CP and the Politburo’s Conclusion No. 183-KL/TW, mandating that all related payments be completed by December 31, 2025.

Resolution No. 403/NQ-CP assigns social insurance development targets through 2030 to provinces and centrally-run cities, aiming for 29.33 million participants nationwide, including at least 2.44 million in voluntary social insurance. The Government tasks the Ministry of Home Affairs, Ministry of Finance, and related agencies with removing obstacles to social insurance implementation, enhancing communication, reforming administrative procedures, ensuring budget allocations, and enforcing compliance. Provincial People’s Committees are responsible for setting local targets, directing implementation, handling contribution evasion, and coordinating support policies. The Vietnam Fatherland Front and socio-political organizations are also engaged in promoting participation and oversight.

Decree No. 313/2025/ND-CP, effective December 8, 2025, regulates the management and use of non-refundable aid that is not official development assistance (ODA) from foreign entities. It replaces the 2020 decree to address current inadequacies and ensure alignment with Vietnamese law. The decree outlines conditions for receiving and using eligible aid for socio-economic development and humanitarian purposes, prohibits misuse such as money laundering or personal gain, and delegates approval authority among the Prime Minister, ministers, and agency heads depending on aid type. It details financial management, reporting, and termination procedures to ensure transparency and compliance.

Decree No. 316/2025/ND-CP, effective January 1, 2026, details nuclear safety, radiation safety, and nuclear security regulations for nuclear power plants and research reactors pursuant to the Atomic Energy Law 2025. It sets design requirements ensuring basic safety functions, defense-in-depth, redundancy, cyber security, and environmental protection. The decree outlines supervision principles, including graded risk-based inspections and establishes responsibilities for national radiation and nuclear safety authorities.

Decision No. 2674/QD-TTg approves additions to the task list for implementing the 1979 International Convention on Maritime Search and Rescue (SAR 79) for 2026–2030. The Ministry of Construction leads coordination to ensure legal consistency and international standards. Other ministries are assigned roles in funding, awareness campaigns, capacity-building, environmental response, equipment procurement, and training to enhance Vietnam’s maritime search and rescue capabilities.

Decision No. 2672/QD-TTg approves a project to send Vietnamese citizens to study in Russia, China, Eastern European, and former Soviet countries from 2026 to 2035. The program aims to train approximately 1,500 candidates annually in prioritized fields such as defense, technology, medicine, and law. Target groups include ethnic minorities, disadvantaged students, officials, and students with demonstrated academic or extracurricular excellence. Funding combines foreign scholarships, state budget, and socialized sources. The decision repeals prior directives on candidate selection for these countries.

On December 9, 2025, Prime Minister Pham Minh Chinh approved the election of Mr. Vu Dai Thang as Chairman of the Hanoi People’s Committee for the 2021–2026 term, simultaneously dismissing Mr. Nguyen Duc Trung from the position.