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Prime Minister Lê Minh Hưng chaired a meeting with the State Bank of Vietnam on the banking sector’s operations in the early months of 2026 on the morning of April 29, 2026, reviewing directions and key tasks for the near future along with related proposals and recommendations.
The Prime Minister instructed the State Bank to promptly study and propose amendments to regulations governing lending beyond the ceilings of credit institutions for strategic projects and national key projects. The proposed changes are intended to strengthen credit institutions’ responsibility for credit quality control and for assessing project efficiency.
He also directed the State Bank to carefully calculate, monitor, and supervise lending to high-risk sectors. As part of this work, the State Bank is asked to study the classification of real estate types to set appropriate credit limits, while encouraging the development of social housing and industrial parks.
According to the Prime Minister’s directive, if credit institutions meet full capacity, conditions, and standards, they may conduct asset management activities for collateral related to privately issued corporate bonds. At the same time, the State Bank is required to ensure data connectivity and information sharing with relevant state management agencies to support inspection and supervision.
The Prime Minister further requested coordination with the Ministry of Finance to review and amend regulations to promote capital market development and the International Financial Center, with the aim of easing pressure on the banking system. The amendments to Decree 153 on corporate bonds should clearly define criteria, standards, and conditions for transparency, openness, and fairness.
On the gold market, the Prime Minister required the State Bank to strictly implement the directive of General Secretary Tô Lâm in Announcement 211-TB/VPTW dated May 30, 2025 on the mechanism and policy for effectively managing the gold market. He asked for a roadmap aligned with real-world conditions and policy requirements over time.
“Gold is a commodity and asset people are allowed to hold, but the state does not encourage it because it does not create added value for the economy; therefore we must curb hoarding and speculative sentiment. The final solution is that with a solid macroeconomic foundation, a transparent and predictable legal system, people and businesses will feel confident to invest in production and business, or at least increase bank deposits, thereby mobilizing resources for development.”
The Prime Minister stressed that macroeconomic stability is the foundation and must be reinforced before adding floors, renovating, or constructing new structures.
Based on the directive, the head of government instructed the State Bank to proactively monitor domestic and international financial and monetary market developments, strengthen analytical and forecasting capabilities, and develop annual and quarterly operating scenarios. The State Bank should identify concrete options and policy tools with appropriate timing and dosage to achieve the stated goals.
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