In a strategic move to ease trade tensions with Washington, Vietnam has announced significant reductions in import duties on a wide range of goods—including automobiles, liquefied natural gas (LNG), and several U.S. agricultural products. The decision comes as concerns grow over potential sweeping tariffs from the United States, with Vietnam increasingly under the spotlight due to its large trade surplus with the world’s largest economy.
Effective March 31, 2025, the revised tariff scheme will see import duties halved on certain automobiles, while LNG tariffs will drop from 5% to 2%, according to an official statement released late Monday on the Vietnamese government’s portal.
Key U.S. agricultural exports are also set to benefit. Tariffs on frozen chicken legs will be reduced from 20% to 15%, unshelled pistachios will drop from 15% to 5%, and almonds will decrease from 10% to 5%. Other products affected by the new preferential rates include fresh apples, cherries, raisins, ethanol, and various types of wood.
The tariff adjustment follows a statement from Prime Minister Pham Minh Chinh last month, in which he confirmed that Vietnam was reviewing its trade policies to promote more balanced trade with the United States.
The move is widely viewed as a proactive gesture to prevent Vietnam from being targeted in the next wave of U.S. tariffs, which President Donald Trump is expected to unveil as part of a broader protectionist push. Currently, Vietnam has the third-largest trade surplus with the U.S., trailing only China and Mexico.
“Vietnam is doing everything it can to soften the blow,” said Bruno Jaspaert, CEO of DEEP C Industrial Zones and Chairman of the European Chamber of Commerce in Vietnam. “Rather than retaliate, they give—and hope to be treated in a better way than most. But the overall expectation is that there will still be tariffs.”
The latest measures underscore Vietnam’s delicate balancing act between maintaining favorable trade relations with the U.S.—its largest export market—and managing its own economic interests amid a shifting global trade landscape. For foreign investors, the tariff cuts may offer new opportunities across key sectors, especially in agriculture, energy, and logistics, as Vietnam aims to diversify its supply chains and sustain its export-driven growth.
Vietnam’s capital city, Hanoi, has the second-highest number of unmarried individuals in the country, with 1.79 million people aged 15 and above reporting single status, according to the latest Population and Housing Census conducted in April 2024 by the General Statistics Office.
While Ho Chi Minh City tops the chart with a staggering 2.85 million single residents, Hanoi’s significant single population reflects broader demographic and lifestyle shifts occurring in Vietnam’s major urban centers.
Interestingly, the province with the highest number of unmarried individuals outside the six centrally-governed cities is Dong Nai, where nearly 800,000 out of 2.6 million people aged 15+ are single. Binh Duong follows closely with 692,000, while Thanh Hoa and Nghe An each report over 600,000 single individuals.
These figures come amid changing social norms in Vietnam, where urbanization, economic development, and evolving career aspirations are contributing to delayed marriage and an increase in single households—particularly in fast-growing cities and industrial provinces.
For investors and businesses, especially those in the real estate, F&B, e-commerce, lifestyle, and fintech sectors, these demographic shifts represent a significant opportunity. A large single population often translates to rising demand for modern housing, personal finance products, solo travel experiences, convenience services, and lifestyle-focused consumption.
Moreover, cities like Hanoi, Ho Chi Minh City, and Binh Duong continue to attract young, mobile professionals from across the country—fueling a growing market of independent, tech-savvy consumers who are reshaping Vietnam’s urban economy.
As Vietnam’s population structure continues to evolve, staying attuned to these trends will be critical for both local and foreign investors seeking to tap into the country’s rapidly modernizing consumer base.
The death toll from the devastating 7.7-magnitude earthquake that struck Myanmar last weekend has climbed to at least 2,719, according to the country’s leader, Senior General Min Aung Hlaing. Authorities warn the number could rise to 3,000 as search and rescue teams reach remote areas still cut off by the disaster.
In a national address today, Min Aung Hlaing confirmed that 4,521 people were injured, and more than 400 remain unaccounted for. The Global New Light of Myanmar reported that around 500 Muslims were killed while praying in mosques when the quake struck.
At 12:51:02 p.m. local time on April 1—the exact time the earthquake occurred on March 28—the nation observed a poignant minute of silence. Sirens wailed across cities and towns, and all activity came to a halt to honor the victims. In Mandalay, outside the heavily damaged Sky Villa apartment complex, rescue workers stood in silence, hands clasped behind their backs, as a gesture of respect for the lives lost.
The government has declared a week of national mourning through April 6 to “commiserate with the loss of life and widespread destruction.”
Mandalay, Myanmar’s second-largest city with over 1.7 million residents, was the hardest hit. Numerous buildings crumbled, leaving entire neighborhoods in ruins. On the city’s outskirts, a crematorium is operating around the clock to handle the overwhelming number of bodies.
Four days after the quake, many residents remain outdoors, either because their homes have collapsed or out of fear of aftershocks. “I don’t feel safe. There are six- or seven-story buildings near my house that are leaning and could fall at any time,” said Soe Tint, a watch repairman in Mandalay. Many families, including those with infants and young children, are sleeping on blankets spread out on the streets, with only a few managing to find tents for shelter.
International aid has begun to arrive. More than 1,000 rescue workers from other countries are now on the ground in Myanmar. Local media report that nearly 650 people have been rescued from beneath collapsed buildings so far. A global relief effort is underway, including a $100 million aid package to support recovery and humanitarian needs.
The quake’s impact extended beyond Myanmar’s borders. In neighboring Thailand, authorities in Bangkok reported 20 fatalities, most of whom were construction workers killed when a 30-story building under construction collapsed.
As Myanmar continues its search for survivors and mourns its dead, the full extent of the tragedy is still unfolding.
Authorities in central Vietnam are investigating an incident involving two foreign nationals who were reportedly seen riding high-capacity motorcycles without using their hands—an act considered both reckless and illegal under Vietnamese traffic law.
Traffic police in Quang Nam Province confirmed they have summoned two foreign individuals, along with the owners of the motorcycles—both Vietnamese citizens from neighboring Da Nang City—for questioning. The foreigners had rented the large-displacement motorcycles from the two owners.
The investigation follows a video that went viral on Facebook on Sunday, showing a group of motorcyclists riding along Vo Chi Cong Street in Quang Nam. In the footage, two men, identified as foreigners, were seen riding without holding the handlebars. The motorcycles involved bore Da Nang license plates.
Senior Lieutenant Colonel Phan Thanh Hong, head of Quang Nam’s traffic police unit, stated that the behavior displayed in the video posed serious danger to both the riders and others on the road. “This is a clear violation of Vietnam’s Law on Road Traffic Order and Safety. Regardless of nationality, everyone must respect and follow Vietnamese laws,” he emphasized.
Police are currently reviewing video evidence and documentation, including vehicle rental contracts, to verify the identities of the riders and determine appropriate legal action. If the foreigners are confirmed as the individuals in the video, they could face severe penalties.
Under Vietnam’s Decree 168, riding a motorcycle without hands on the handlebars is considered a serious offense. Violators may face confiscation of the vehicle and a suspension of their driver’s license for 22 to 24 months.
Authorities say the case serves as a reminder to both locals and visitors: while Vietnam welcomes tourists and expats, public safety and adherence to traffic laws are non-negotiable.
A 10-year investor visa, which offers long-term residency and stability for foreign investors, entrepreneurs, and high-achieving professionals, enabling them to live, work, and invest in the country without frequent visa renewals.
Vietnam’s Tourism Advisory Board (TAB) is calling on the government to introduce long-term visa programs—similar to “golden visas”—to boost competitiveness and attract more foreign investors, talents, and residents to the country.
In a formal proposal submitted to Prime Minister Pham Minh Chinh, the TAB emphasized that although Vietnam’s tourism industry is rebounding strongly post-Covid, it risks losing ground to regional neighbors like Thailand, Malaysia, and Indonesia—countries that have already implemented multi-year golden visa schemes for investors and skilled professionals.
The proposal outlines a 10-year investor visa, which would include the option to apply for permanent residency after five years, provided the investment is sustained. It also recommends a five-year “talent visa” designed for foreign experts and entrepreneurs, featuring a streamlined renewal process. These measures aim to position Vietnam as a more attractive, long-term destination for global investors, digital nomads, and high-net-worth individuals.
The board suggests piloting these visa programs in key economic and tourism hubs such as Ho Chi Minh City, Hanoi, Da Nang, and Phu Quoc—areas already recognized for their strong international appeal and investment potential.
During a high-level government meeting on Monday, Prime Minister Pham Minh Chinh instructed relevant ministries to evaluate and expand Vietnam’s visa policies. The goal: to stimulate tourism, enhance the country’s global image, and create a more welcoming environment for foreign investors and skilled professionals looking to make Vietnam their second home.
If implemented, these new visa initiatives could mark a significant step in Vietnam’s journey toward becoming a premier destination not just for travel, but also for investment, innovation, and international living.
On the morning of Monday, March 31, a series of buildings in central Bangkok, Thailand, were urgently evacuated following reports of sudden tremors and visible cracks in the structures.
The evacuations began around 10 a.m., affecting several key locations including Building A of the Government Complex on Chaeng Watthana Road, the Ministry of Labor in Din Daeng District, and multiple court buildings along Ratchadaphisek Road. Authorities also ordered evacuations at the Stock Exchange of Thailand, the Criminal Court on Ratchadaphisek Road, and the Social Security Office in Din Daeng.
Eyewitnesses reported noticeable shaking and structural cracks at both the Government House and the Ministry of Labor.
As of now, the cause of the incident and the full extent of any damage remain unclear. Officials are conducting thorough inspections and safety assessments to determine the source and ensure public safety.
As global supply chains change, businesses are looking for new places to manufacture instead of relying only on China. The “China Plus One” strategy means companies set up production in other countries to reduce risks. Vietnam has become an important choice because of its growing factories, good location, and helpful trade policies. This article explains why Vietnam is key in this strategy, looking at its advantages, challenges, and future as a manufacturing hub.
Vietnam’s Growth as a Manufacturing Hub
Over the past 20 years, Vietnam has changed from a farming-based economy to one focused on industry and exports. It has become a strong option for global companies that want to expand their production. With more foreign investments and government support, Vietnam has attracted many multinational corporations (MNCs) that are looking to move some of their production away from China.
According to the General Statistics Office (GSO), the industrial sector’s contribution to GDP in 2024 grew by 8.52% compared to the previous year, adding 2.7 percentage points to the country’s overall economic growth. Breaking it down further, processing and manufacturing grew by 9.83%, adding 2.49 percentage points; water supply, waste management, and wastewater treatment grew by 9.43%, adding 0.06 percentage points; electricity production and distribution grew by 10.05%, adding 0.37 percentage points. However, mining activity dropped by 7.24%, reducing economic growth by 0.21 percentage points. These numbers show how fast Vietnam’s industrial sector is expanding and its increasing role in global manufacturing.
In the video below, we will explore in greater detail the benefits and challenges of establishing manufacturing hubs in the top 5 “China Plus One” countries including Vietnam as alternatives to China
Why Vietnam?
Several key factors make Vietnam a popular destination for manufacturing. First, labor costs in Vietnam are lower than in China, making it a great choice for industries that require many workers. Vietnam has also signed important free trade agreements (FTAs), such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). These agreements help companies save money by reducing or eliminating export taxes to major markets.
The Vietnamese government has created policies to attract foreign investors, including tax benefits, reduced land rental costs, and an easier process for setting up businesses. Special economic zones (SEZs) and industrial parks provide companies with good infrastructure and logistics to support their operations. Vietnam’s location close to China is another advantage. Companies can still source raw materials from China while benefiting from lower manufacturing costs in Vietnam. This helps businesses reduce risks while keeping their supply chains efficient.
Although Vietnam has many advantages, there are also challenges that businesses must consider. One issue is that labor costs in Vietnam have been rising as demand for skilled workers grows. Another challenge is Vietnam’s infrastructure, as some ports are overcrowded, roads are not fully developed, and power supply issues can affect production. These factors can create delays and increase costs for businesses. Vietnam’s manufacturing industry also depends heavily on China for raw materials, especially in textiles, electronics, and machinery. This dependence creates risks, as any supply chain disruption in China can affect production in Vietnam.
To overcome these challenges, businesses can take several steps. Training and developing local workers can reduce reliance on foreign expertise. Sourcing raw materials from other countries, such as India and Indonesia, can help businesses reduce their dependence on China. Companies should also use government incentives to offset infrastructure-related costs and work closely with local manufacturers to build a stronger supply chain
Key Industries Benefiting from Vietnam’s Growth
Vietnam has quickly become an important center for electronics manufacturing, attracting international companies due to favorable trade policies, infrastructure improvements, and skilled workers. A good example is Samsung, which has invested about $20 billion, turning Vietnam into an important global electronics manufacturing location and boosting jobs and exports.
In textiles and garments, Vietnam is a leading clothing exporter benefiting from competitive production costs and wide-reaching trade agreements. ASICS is a good example, operating 14 of its 37 global factories in Vietnam, highlighting the country’s ability to handle large-scale production.
The furniture and wood products industry effectively uses Vietnam’s local resources and skilled workers to meet growing global demand. Likewise, the automotive and machinery industries, although still developing, are increasingly attracting attention and investment, showing strong potential.
In the field of technology and innovation, NVIDIA recently announced plans to open two AI centers in Vietnam. This decision highlights Vietnam’s growing importance as a center for advanced technology, improving its global standing.
Additionally, the Trump Organization has just invested 1.5 billion USD in an urban complex project including eco-tourism, sports, and a high-end golf course in Hung Yen province.
Vietnam has positioned itself as a major player in the China Plus One strategy, offering lower labor costs, a strong trade environment, and a strategic location. However, challenges such as rising wages, infrastructure limitations, and dependence on China for raw materials must be addressed. As more businesses seek to diversify their supply chains, Vietnam is expected to become an even more important global manufacturing hub. The country’s success will depend on further investment in infrastructure, workforce training, and diversifying supply sources to ensure long-term stability and competitiveness in the manufacturing sector.
The United States Geological Survey (USGS) has warned that the death toll from the devastating 7.7-magnitude earthquake that struck central Myanmar on March 28 could reach as high as 100,000 in a worst-case scenario.
In its preliminary assessment, the USGS estimated a 35% probability that fatalities could range between 10,000 and 100,000, and a 36% chance that the number of deaths may exceed 100,000. These projections are based on the earthquake’s epicenter—located approximately 16 km northwest of Sagaing city—and the vulnerability of local infrastructure.
“Most residents in the affected area live in structures highly susceptible to seismic shaking. Many buildings are constructed with weak masonry and do not meet modern engineering standards, making them particularly vulnerable to collapse,” the USGS report stated.
The agency also estimated a 35% probability of economic losses ranging from $10 billion to $100 billion—equivalent to roughly one-third of Myanmar’s GDP.
Widespread Destruction and Mounting Casualties
The cities hardest hit include Mandalay, Kyaukse, and Taungoo, all of which experienced intense shaking. Early images from the scene show widespread destruction, particularly in Mandalay, where buildings have crumbled into rubble.
Historical data indicates that earthquakes of similar magnitude in this region have resulted in thousands of deaths and triggered secondary disasters such as landslides.
As of the evening of March 28, Myanmar’s military leader, General Min Aung Hlaing, confirmed at least 144 deaths and more than 730 injuries. He cautioned that the casualty figures are likely to rise as rescue efforts continue. General Min also announced that Myanmar is open to receiving international aid and donations and has opened access routes to facilitate relief efforts.
Regional Impact
The tremor was also felt in neighboring Thailand. In Bangkok, at least 10 people have died, and over 100 remain trapped under the rubble of a partially constructed high-rise building that collapsed due to the quake.
A Call for International Aid
Given the scale of the disaster, the USGS has called for urgent international assistance to support emergency response, rescue operations, and humanitarian aid to help mitigate the disaster’s impact.
Myanmar lies in an earthquake-prone region, with six major quakes of magnitude 7.0 or higher recorded between 1930 and 1956 along the Sagaing Fault—a major tectonic boundary running from north to south through the country.
Experts warn that Myanmar’s rapid urban expansion, aging infrastructure, and poor urban planning have increased the vulnerability of its densely populated cities to earthquakes and other natural disasters.
March 28, 2025 – Yangon, Myanmar — A powerful earthquake has devastated Myanmar and parts of neighboring countries, with the confirmed death toll now rising to 167, according to News18.
Myanmar bore the brunt of the disaster, with 163 fatalities and more than 300 people reported injured.
The tremors, which struck with alarming force, were felt across the region, including in Thailand and China. In Thailand, four people lost their lives, and 68 others sustained injuries. China reported two people injured due to the quake.
Search and rescue operations are ongoing as emergency teams race against time to locate survivors and provide aid to the affected communities. Local authorities and international agencies have mobilized resources to assess the damage and coordinate relief efforts.
The full extent of the disaster is still being determined, with officials warning that the number of casualties may rise as more reports come in from remote and heavily affected areas.
This earthquake marks one of the deadliest natural disasters to strike the region in recent years, drawing international concern and offers of support.
In a remarkable achievement, Việt Nam has secured its place as the ninth-ranked real estate investment destination in the world. This recognition underscores the country’s growing appeal to international investors, driven by robust economic growth, rapid urbanization, and a surge in foreign capital inflows.
For investors seeking high-growth opportunities in emerging markets, Việt Nam’s booming property market is increasingly difficult to ignore.
A Thriving Economy Fuels Real Estate Growth
Việt Nam’s economic ascent has been nothing short of impressive. With consistent GDP growth rates outpacing many of its regional peers, the country has transformed into a dynamic hub for trade, manufacturing, and innovation. This economic momentum has directly fueled demand for real estate, from residential developments to commercial spaces and industrial zones. As businesses expand and the middle class grows, the need for modern housing, office buildings, and retail centers continues to rise, creating a fertile ground for investment.
Urbanization: A Catalyst for Opportunity
The rapid pace of urbanization in Việt Nam is another key driver behind its real estate boom. Cities like Hà Nội, Hồ Chí Minh City, and Đà Nẵng are evolving into bustling metropolises, attracting both domestic migrants and international corporations. This urban shift has sparked a wave of infrastructure projects, including new highways, metro systems, and smart city initiatives, all of which enhance the value of surrounding properties. For foreign investors, this presents a unique chance to capitalize on appreciating land values and rental yields in prime urban locations.
Government Support Amplifies Appeal
Việt Nam’s government has played a pivotal role in elevating the country’s status as an investment hotspot. Through proactive policies, such as tax incentives for foreign investors and streamlined regulations for property ownership, the administration has made it easier for international players to enter the market. Additionally, significant investments in infrastructure—such as ports, airports, and industrial parks—have bolstered connectivity and economic activity, further boosting the real estate sector’s attractiveness.
Why Việt Nam Stands Out
Ranking ninth globally is no small feat, especially in a competitive landscape that includes established markets like the United States, Singapore, and the United Kingdom. Việt Nam’s edge lies in its combination of affordability, growth potential, and stability. Compared to more mature markets, property prices in Việt Nam remain relatively accessible, offering investors a lower entry point with the promise of substantial returns as the market matures. Moreover, the country’s political stability and pro-business environment provide a level of confidence that is critical for long-term investments.
Opportunities for Foreign Investors
For those considering a stake in Việt Nam’s real estate market, the opportunities are diverse. Residential projects in urban centers cater to a growing population with increasing purchasing power, while resort properties along the country’s stunning coastline—think Nha Trang and Phú Quốc—tap into the thriving tourism sector. Industrial real estate is also on the rise, driven by Việt Nam’s emergence as a manufacturing powerhouse amid global supply chain shifts. Whether it’s luxury condos, beachfront villas, or logistics hubs, the market offers something for every investment strategy.
A Future-Proof Investment Destination
As Việt Nam continues its trajectory toward becoming a regional economic leader, its real estate sector is poised for sustained growth. The convergence of strong fundamentals—economic expansion, urban development, and government backing—positions the country as a future-proof choice for investors. For those willing to act now, Việt Nam offers a rare blend of immediate returns and long-term potential, making it a standout in the global real estate landscape.
Final Thoughts
Việt Nam’s rise to the ninth spot among the world’s top real estate investment destinations is a testament to its transformation into a high-growth market with global appeal. For foreign investors, this is more than just a ranking—it’s an invitation to be part of a dynamic and profitable journey. As the country continues to modernize and attract capital, the time to invest in Việt Nam’s property market is now.
A powerful 7.7-magnitude earthquake struck central Myanmar on Friday, causing widespread panic and structural damage, according to the United States Geological Survey (USGS). The quake buckled roads in the capital Naypyidaw and sent tremors as far as China and Thailand.
The USGS reported the epicenter was located 16 kilometers (10 miles) northwest of the city of Sagaing, at a shallow depth of 10 kilometers. The quake struck at approximately 12:50 p.m. local time (0620 GMT).
In Naypyidaw, AFP journalists reported severe ground shaking that caused roads to buckle and ceiling fragments to fall from buildings. In neighboring Thailand, metro and light rail services in Bangkok were temporarily suspended as a precaution.
The quake was widely felt in northern Thailand, including the popular tourist city of Chiang Mai. “I heard it and I was sleeping in the house. I ran as far as I could in my pajamas out of the building,” said Duangjai, a resident of Chiang Mai, speaking to AFP.
In Bangkok, residents and tourists fled buildings in panic. Eyewitnesses described seeing hotel guests rushing out in bathrobes and swimwear as structures swayed.
Social media footage from Mandalay showed collapsed buildings and debris-strewn streets, though these reports have yet to be independently verified. In Yangon, Myanmar’s largest city, residents also evacuated buildings in fear.
China’s earthquake monitoring agency reported tremors in the southwestern province of Yunnan, estimating the quake at a magnitude of 7.9.
Myanmar lies in a seismically active region. According to the USGS, six major earthquakes of magnitude 7.0 or higher occurred between 1930 and 1956 along the Sagaing Fault, which runs north to south through the country.
In 2016, a 6.8-magnitude earthquake struck near the ancient city of Bagan, killing three people and damaging several historic temples.
The quake adds further pressure to Myanmar’s already fragile healthcare infrastructure, especially in rural areas, where access to emergency medical services remains limited.
Ho Chi Minh City, March 28 – A group of 12 leading UK companies specializing in Artificial Intelligence (AI) and data is exploring collaboration opportunities in Vietnam, as part of the UK-Southeast Asia Tech Week 2025.
Held in Ho Chi Minh City from March 27–28, this flagship event aims to foster digital innovation and build stronger tech partnerships between the UK and Southeast Asia. The initiative reflects the UK’s growing interest in Vietnam’s fast-emerging digital economy.
In a major development on the sidelines of the event, the UK Consulate General in Ho Chi Minh City and the Ho Chi Minh City Digital Transformation Centre signed a Memorandum of Understanding (MoU) to strengthen cooperation in science, technology, and innovation.
The newly signed MoU sets the stage for deeper collaboration between UK and Vietnamese stakeholders—including government agencies, research institutions, universities, and private sector players—to accelerate digital transformation and tech innovation in Vietnam’s southern economic hub.
The partnership will focus on both fundamental and applied research across a wide range of key sectors, including smart city solutions, FinTech, AI, robotics, automation, nanotechnology, cybersecurity, and HealthTech.
As Vietnam continues to position itself as a regional leader in digital transformation, this UK-Vietnam collaboration could unlock new opportunities for innovation and growth in one of Southeast Asia’s most dynamic tech markets.
FWD Group has officially appointed Mr. Phuong Tien Minh as the new Chief Executive Officer (CEO) of FWD Vietnam Life Insurance Company Limited (FWD Vietnam), effective March 27, 2025.
Mr. Minh brings with him decades of experience in the banking and insurance sectors. Prior to joining FWD Vietnam, he served as CEO of Prudential Vietnam. He also spent 12 years in commercial and retail banking at HSBC Vietnam and Vietnam International Bank (VIB).
On the same day, the Ministry of Finance approved Mr. Minh’s appointment as CEO of FWD Vietnam, succeeding Mr. Anantharaman Sridharan.
This marks the second leadership transition at FWD Vietnam in less than two years. Mr. Sridharan had taken over the role from Mr. Huynh Huu Khang on August 1, 2023.
Operating in Vietnam since 2016, FWD Vietnam is currently the exclusive bancassurance partner of Vietcombank. In 2024, FWD Group also launched a regional Technology Center in Ho Chi Minh City to support its digital operations across Asia.
Despite reporting a strong post-tax profit of VND 290 billion in the first half of 2024—a 70% year-on-year increase—FWD Vietnam still carries an accumulated loss of over VND 5,800 billion as of June 30, 2024. The company’s total assets exceed VND 20,400 billion, with the majority allocated to financial investments.
FWD Vietnam’s investment portfolio is heavily weighted toward bank deposits and government bonds, alongside corporate bonds from major firms such as Taseco Real Estate Investment JSC and Taseco Group JSC. Its equity holdings include shares of prominent listed companies like MWG, VIC, IJC, MML, CTD, MBB, and STB.
In a proud moment for Vietnam, TIME Magazine has named Ho Chi Minh City’s Metro Line 1 as one of the World’s 100 Greatest Places to Visit in 2025—the only Vietnamese destination to make the prestigious list.
The recognition places HCMC alongside some of the world’s most exciting travel hotspots, from Japan’s newly opened Nintendo Museum to futuristic libraries in Beijing and ski resorts in Shanghai. It’s a testament to Vietnam’s rapid urban transformation and growing appeal to global travelers.
A New Icon for a Dynamic City
According to TIME, the Ben Thanh – Suoi Tien metro line is “a great achievement” for Vietnam’s southern metropolis, highlighting how the city is reinventing itself for the future. Stretching 19.7 kilometers with 14 stations, the line connects the vibrant heart of HCMC with the growing innovation hub of Thu Duc City.
This sleek, modern metro makes it easier than ever for locals and tourists to explore iconic spots like Ben Thanh Market, Nguyen Hue Walking Street, and the Municipal Theatre, all while avoiding the city’s infamous traffic.
More Than Just Transportation
Beyond convenience, Metro Line 1 represents a shift toward sustainable urban living. TIME praises the project for easing congestion and reducing pollution, while enhancing the overall quality of life for millions of residents and visitors alike.
For tourists, it’s more than a way to get around—it’s a new way to experience Ho Chi Minh City. Smooth, clean, and efficient, the metro offers a fresh lens through which to explore one of Asia’s most energetic cities.
Photo: Olivier Ochanine
Vietnam on the Global Map
This is the seventh year that TIME Magazine has published its highly anticipated list, curated based on criteria such as Relevance, Innovation, Impact, and Success. HCMC’s inclusion not only signals global recognition of the city’s efforts to modernize, but also positions Vietnam as a forward-thinking destination in the eyes of international travelers.
With infrastructure like Metro Line 1 leading the way, Ho Chi Minh City is shaping up to be not just Vietnam’s economic powerhouse—but also a modern, accessible, and unforgettable stop on any world traveler’s itinerary.
Vietnam is fast becoming one of Asia’s most exciting travel destinations, with Ho Chi Minh City (HCMC) and Hanoi leading the way.
In the first quarter of the year, HCMC welcomed more than 8.57 million domestic travelers, reflecting a strong 6.3% year-on-year increase, and generating an impressive VND56.66 trillion (US$2.21 billion) in tourism revenue—a 26.7% jump from the previous year.
To further enrich the visitor experience, HCMC’s Department of Tourism has collaborated with local authorities and businesses to develop unique inter-district travel experiences. These efforts highlight the city’s cultural diversity, vibrant street life, and dynamic mix of tradition and modernity.
In celebration of the 50th anniversary of Vietnam’s National Reunification (April 30, 1975 – 2025), HCMC has launched a fresh tourism identity campaign under the message “Find Your Vibes.” This campaign features 50 stunning graphic visuals that showcase the city’s iconic landmarks and lively neighborhoods, inspiring travelers to uncover their own perfect moments in the city.
Meanwhile, the capital city of Hanoi attracted 7.3 million visitors and earned nearly VND29.93 trillion (US$1.17 billion) in tourism revenue in just the first three months of the year. From its centuries-old temples and French colonial architecture to modern cafes and bustling markets, Hanoi continues to captivate tourists from around the world.
Adding to the appeal, both Hanoi and Ho Chi Minh City have been named among Southeast Asia’s safest cities, according to data from statistics site Numbeo—a reassuring highlight for travelers seeking a secure and welcoming destination.
Whether you’re in search of culinary adventures, cultural heritage, or urban exploration, Vietnam is ready to welcome you with open arms. Start planning your journey today and find your vibes in Vietnam!
