Deputy Lê Hoàng Anh of Gia Lai told the National Assembly that the economy still relies heavily on bank credit, with outstanding loans around 155% of GDP while nearly 80% of mobilised funds have maturities under 12 months. He highlighted a paradox: household deposits exceed 11.2 million billion VND and citizens hold about 500 tonnes of gold, roughly 12% of GDP, yet the corporate bond market is only 11% of GDP, short of the 20% target for 2025. The lack of domestic capital channels has pushed many Vietnamese tech firms to set up foreign parent companies to raise funds. He proposed three measures: lending based on cash-flow data such as e-invoices, tax and trade records; keeping equity capital at home through holding companies in the International Financial Centre and attracting parent companies back at reasonable tax cost; and channelling household savings via voluntary pension funds, open-end funds and a pilot gold certificate scheme.
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Original headline: Đại biểu Quốc hội: “Người dân còn giữ khoảng 500 tấn vàng, xấp xỉ 12% GDP”
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
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