Vietnam Economic News: 7.2 - 14.2.2026
Summary of Vietnam Economic News: 7.2 - 14.2.2026
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Summary of Vietnam Economic News: 7.2 - 14.2.2026 ---
FITCH UNIT SAYS VIETNAMESE DONG TO REMAIN STABLE THIS YEAR
Reuters News – 13 February 2026
The Vietnamese dong will remain stable for the rest of this year from its current level of 25,960 dong per U.S. dollar, BMI, a Fitch Group unit, said on Friday. BMI says it forecasts the Fed will cut its policy rate by 50 basis points while the State Bank of Vietnam will tighten monetary policy slightly. BMI says a new International Financial Centre launched earlier this week in the business hub Ho Chi Minh City will further attract foreign capital flows. "The combination of heightened geopolitical uncertainty, Vietnam's emerging market status and the central bank's low foreign reserves will prevent the dong from appreciating significantly," it added.
VIETNAM'S TO LAM EXPECTED TO ATTEND BOARD OF PEACE MEETING IN US NEXT WEEK
Reuters News – 12 February 2026
Vietnam's top leader, To Lam, plans to travel to the United States next week to attend the inaugural meeting of the Board of Peace, the initiative launched by U.S. President Donald Trump to address global conflicts. The visit would be Lam's first to the United States since his confirmation in January as chief of Vietnam's ruling Communist Party. The visit could also include announcements on aviation-related commercial agreements. Vietnam and the U.S. are negotiating a trade deal after Washington imposed 20% tariffs on Vietnamese goods in August, though it is unclear whether any progress is likely next week. The two sides held their sixth round of trade negotiations last week but announced no commercial agreement afterwards. Vietnam's foreign ministry did not respond to a request for comment on the visit. The first Board of Peace leaders meeting is to be held in Washington on February 19, according to a U.S. official. Vietnam announced on January 18 that it had accepted an invitation to join the Board of Peace as a founding member, saying in its acceptance letter sent to Trump that "Vietnam believes that the establishment of the Board of Peace is a necessary step in implementing the Gaza Strip Peace Plan."
SINGAPORE'S VPAM COMMITS TO RAISING $10 BLN FOR VIETNAM'S INTERNATIONAL FINANCIAL CENTRE
Reuters News – 11 February 2026
Singapore-based Vantage Point Asset Management (VPAM) has committed to raise $10 billion from global institutional investors and strategic partners for Vietnam's newly launched international financial centre over the next five years, it said on Wednesday. VPAM is a founding and development partner of the Vietnam International Financial Centre, it said. Vietnam officially launched the Vietnam International Financial Centre (VIFC) on Wednesday in business hub Ho Chi Minh City, with the aim of turning it into a centre like Hong Kong or Singapore, state media said. VIFC will have special rules and its own court and will offer incentives to attract investors. VPAM said it will promote the development of Vietnam's financial system by attracting talent, mobilising capital, and building modern investment platforms. VPAM will establish an institutional asset management platform at the centre to serve as a bridge between the Vietnamese market and major financial centres such as Singapore, London, the Middle East and Australia. VPAM also plans to set up an international agricultural finance and trading platform at the centre.
VIETNAM AWARDS $974 MILLION LNG POWER PLANT CONSTRUCTION CONTRACT TO POWERCHINA, LILAMA
Reuters News – 9 February 2026
Vietnam's state utility EVN has awarded a contract worth $974 million to a consortium of PowerChina and Lilama for building an LNG-fired power plant, EVN said on Monday. The Quang Trach II plant in the central province of Quang Tri will have a capacity of 1,612 megawatts, EVN said in a statement. The country is seeking to ramp up its power generation capacity to keep up with its expanding economy, which grew 8% last year. "This plant will contribute to ensuring energy security, improving the reliability of the power system, and fulfilling Vietnam's commitments to reducing greenhouse gas emissions," EVN said. Vietnam, where coal power plants are responsible for more than 40% of electricity output, has committed to achieving net-zero emissions by 2050. The plant will use turbines from General Electric Vernova, EVN said. It said last month the plant would be fully operational by 2030.
VIETNAM PARTNERS WITH U.A.E.'S G42 FOR $1 BLN AI INFRASTRUCTURE PROJECT
Dow Jones Newswires – 9 February
Artificial-intelligence company G42 and a consortium of Vietnamese companies have teamed up for a $1 billion project to expand AI and cloud infrastructure in the Southeast Asian country. Abu Dhabi-based G42 will work with FPT Corp., a technology and telecommunications company, and the Viet Thai Group, one of Vietnam's largest consumer and retail operators. The partnership is "backed by consumption commitments of up to $1 billion," aiming to position Vietnam as a regional leader in AI infrastructure development, the companies said in a statement Monday. Under the agreement, significant cloud capacity will be deployed across three data-center locations in Vietnam to support public- and private-sector workloads. "The initiative aligns with G42's broader mission to build a global and inclusive Intelligence Grid, interconnecting advanced AI infrastructure, cloud platforms, and governance frameworks to enable AI capabilities on demand, while respecting national sovereignty," the statement said. The partnership also includes plans for national AI-skilling and workforce development programs to support AI adoption.