A record 1.71 million travel partners across 212 countries and territories are being recognized with a Traveller Review Award in 2025 for their top-notch hospitality.
For the eighth consecutive year, Italy leads as the country with the highest number of award recipients (207,730) followed by France (155,203), Spain (147,700), Germany (102,031), and the United Kingdom (88,209).
In Vietnam, 13003 Booking.com travel partners are being awarded this year for consistently delivering outstanding hospitality.
HO CHI MINH CITY, 6 FEBRUARY 2025 – Booking.com, one of the world’s leading digital travel companies has unveiled the 10 Most Welcoming Places on Earth as part of the 13th edition of the annual Traveller Review Awards and Kien Giang, Vietnam is proudly included in this list!
Based on over 360 million verified customer reviews, the awards honor travel partners who consistently deliver outstanding hospitality and service and make travel experiences more memorable for travelers. In 2025, a record-breaking 1.71 million partners are being recognised, a 16% increase compared to the year prior. This includes 1,711,539 accommodations, 1,329 rental companies and 124 taxi providers. In Vietnam, 13,003 partners were awarded, including 6502 in Homes (up from 11360 properties in 2024).
2025’s Most Welcoming Places on Earth
Determined by the share of accommodation partners receiving a Traveller Review Award in a certain city, as a proportion of the total properties in that destination, this year’s Most Welcoming Places on Earth list highlights a diverse array of destinations from around the globe. Destinations also had to have an above-average number of winners to be included on this list (200 award recipients or higher for cities and regions) and were curated for geographic spread. Whether it’s coffee farms and pristine beaches or medieval hideaways and jungle towns, these destinations showcase the world’s diverse charm, inspiring unforgettable adventures in the year ahead.
Kien Giang joins a diverse selection of incredible destinations across the globe, recognized for their exceptional hospitality. Nestled in the Mekong Delta, Kien Giang captivates visitors with its stunning natural beauty, including pristine beaches, lush mangrove forests, and the renowned Phu Quoc Island. Beyond its breathtaking landscapes, the region invites travelers to delve into unique traditions, savor local delicacies, and immerse themselves in the warm hospitality of its people. This recognition is a testament to the dedication of Kien Giang’s accommodation providers in offering outstanding service and showcasing the region’s unique beauty and charm.
2025’s Most Welcoming Regions on Earth
Osijek-Baranja, Croatia
Kakheti, Georgia
Madeira, Portugal
Misiones, Argentina
Graubünden, Switzerland
South Australia, Australia
Bretagne, France
Baja California Sur, Mexico
Kien Giang, Vietnam
Drenthe, Netherlands
2025’s Most Welcoming Cities on Earth:
Sigiriya, Sri Lanka
Cazorla, Spain
Urubici, Brazil
Taupo, New Zealand
St. Augustine, United States
Orvieto, Italy
Manizales, Colombia
Quedlinburg, Germany
Ko Lanta, Thailand
Chester, United Kingdom
Varun Grover, Country Head, Vietnam at Booking.com, commented: “From personalized recommendations to thoughtful touches, our partners in Vietnam consistently go the extra mile to create extraordinary experiences for travelers. The Traveller Review Awards are our way of recognizing these hospitality heroes and expressing gratitude from Booking.com and millions of travelers from all around the world. We’re especially delighted to see Kien Giang being recognised as one of the Most Welcoming Regions – this well-deserved honour reflects both the region’s stunning natural beauty and the dedication of our accommodation partners in providing top- notch service and unforgettable stays”.
Vietnam kicked off the year with an impressive surge in foreign direct investment (FDI), attracting more than $4.33 billion in January—a remarkable 48.6% year-on-year increase, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
This surge reflects the growing confidence of international investors in Vietnam’s business environment and long-term economic potential. Sophie Dao, Senior Partner at Global Business Services LLC (GBS), emphasized that these figures underscore Vietnam’s position as a premier investment destination in Asia, thanks to its strong economic fundamentals, strategic location, and ongoing reforms to enhance the investment climate.
Manufacturing and Real Estate Lead the Way
The manufacturing and processing industry continued to dominate foreign investment, attracting over $3.09 billion, which accounted for nearly 71.3% of total FDI. This sector witnessed an astonishing 99.1% year-on-year growth, further solidifying Vietnam’s role as a global manufacturing hub.
Meanwhile, real estate secured the second-highest FDI inflow at $1.09 billion, representing 23.5% of total investments, despite a slight 6.4% decline from the previous year. Sophie Dao noted that Vietnam’s booming real estate sector remains highly attractive, with investors focusing on industrial parks, commercial properties, and high-end residential projects as demand continues to grow.
Impressive Gains in Capital Adjustments and Share Purchases
While new project registrations in January totaled 282 projects with $1.29 billion in capital (a 43.6% decrease year-on-year), the sharp rise in capital adjustments from existing projects signaled strong investor commitment. Additional capital from 137 ongoing projects surged more than sixfold to $2.73 billion, demonstrating foreign investors’ confidence in Vietnam’s long-term growth prospects.
Foreign investors also showed renewed interest in share purchases and capital contributions, with 260 transactions totaling $322.9 million, reflecting a 70.4% year-on-year increase.
Korea and Singapore Lead Investment Inflows
Among 55 countries and territories investing in Vietnam in January, the Republic of Korea emerged as the top investor, pouring over $1.25 billion into the country—a 13.4-fold increase from the previous year. Singapore followed closely with $1.24 billion, reaffirming its strong investment presence. Meanwhile, Japan, China, and Hong Kong (China) rounded out the top five investors.
China led in the number of new projects (30.1%), while Korean investors dominated in capital adjustments and share purchases (25.4%), reflecting a diverse and evolving investment landscape.
Key Investment Destinations: Bac Ninh, Dong Nai, Hanoi, and Ho Chi Minh City
Vietnam’s northern and southern economic hubs remained the most attractive destinations for FDI. Bac Ninh province led with $1.39 billion in investment, accounting for 32.2% of the total FDI inflow—a 6.1-fold increase year-on-year.
Dong Nai province ($959 million, 22.1%) and Hanoi ($716.4 million, 16.8%) followed closely, maintaining their status as key investment hubs. Meanwhile, Ho Chi Minh City continued to attract the highest number of new projects (35.5% of total), capital adjustments (19%), and share purchases (64.2%), reinforcing its reputation as Vietnam’s economic powerhouse.
A Positive Outlook for Vietnam’s Investment Landscape
Sophie Dao highlighted that Vietnam’s resilience, competitive labor market, and investor-friendly policies have positioned the country as one of the most promising FDI destinations in the region. With strong infrastructure development, digital transformation, and government reforms supporting foreign investment, she expects continued robust FDI growth in 2024 and beyond.
“Vietnam’s ability to attract high-quality investments, particularly in manufacturing, real estate, and high-tech industries, speaks volumes about its economic potential. We are seeing increasing interest from global investors looking to establish long-term partnerships in Vietnam,” Dao remarked.
With FDI inflows on an upward trajectory, Vietnam is well-positioned to strengthen its role as a regional investment magnet, driving sustainable economic growth and job creation for years to come.
HANOI – The number of enterprises registering to suspend business in Vietnam surged in January 2025, reflecting a common seasonal trend but also raising concerns about economic challenges.
According to the General Statistics Office (GSO), over 52,800 enterprises registered for temporary suspension, marking a 20.2% increase compared to the same period last year. This figure is also 12.6 times higher than the last month of 2024.
The Ministry of Planning and Investment noted that this surge is typical for the start of the year, as businesses strategically choose to suspend operations before the fiscal year begins and ahead of the Lunar New Year.
Mixed Signals in Business Dynamics
While business suspensions increased, the number of enterprises completing dissolution procedures fell by 5,500 units, signaling a potential slowdown in permanent closures. Meanwhile, nearly 33,500 enterprises entered or re-entered the market, including 10,700 newly established firms and 22,000 businesses resuming operations.
Strong Capital Inflows Amid Business Hesitation
Despite the rise in business suspensions, corporate investments showed strong confidence in economic recovery. Enterprises expanded operations and increased registered capital to over VND 367,200 billion, a 158% jump compared to the same period in 2024. Officials attribute this surge to growing optimism about the government’s economic policies and business recovery efforts.
However, new business registrations were more cautious in terms of investment size. The total registered capital for new businesses was VND 95,000 billion, representing a 39% decline year-on-year. On average, a newly registered enterprise had VND 8.8 billion in capital, lower than VND 10.1 billion in the same period of 2024. Notably, nearly 10,000 new businesses were classified as small-scale, with capital under VND 10 billion.
Rise in Business Households
In addition to corporate entities, 34,200 business households received establishment licenses in January, contributing nearly VND 8,500 billion in registered capital and providing employment for over 58,500 workers.
While the early-year trends highlight short-term business suspensions, the surge in capital investment and returning businesses suggests long-term optimism in Vietnam’s economic resilience. Analysts will be closely monitoring business activity in the coming months to assess whether this confidence translates into sustained growth.
The stock market extended its recovery on Thursday, driven by gains in the banking sector, as the VN-Index officially crossed the 1,270-point mark. However, trading liquidity saw a slight decline, and foreign investors maintained their net-selling trend.
VN-Index Sees Modest Gains Amidst Mixed Market Sentiment
On the Ho Chi Minh City Stock Exchange (HoSE), the VN-Index edged up by 1.87 points (0.15%), closing at 1,271.48 points. Despite the index’s advance, market breadth remained negative, with 160 declining stocks outpacing 148 gainers.
Trading liquidity dropped slightly to approximately VNĐ12.9 trillion (US$511.1 million), with nearly 570 million shares changing hands, reflecting cautious investor sentiment.
The VN30-Index, which tracks the 30 largest-cap stocks on HoSE, gained 5.24 points (0.39%), settling at 1,336.59 points. Among the VN30 components, 14 stocks advanced, 11 declined, and five remained unchanged.
Banking Stocks Lead the Market Rally
The banking sector played a key role in sustaining the market’s upward momentum. Vietnam Technological and Commercial Joint Stock Bank (TCB) led the gains with a 2.02% increase, contributing 0.86 points to the VN-Index.
Other notable performers in the sector included:
• Lien Viet Post Joint Stock Commercial Bank (LPB): +1.67%
• Bank for Foreign Trade of Vietnam (VCB): +0.32%
• Bank for Investment and Development of Vietnam (BID): +0.51%
Real estate giant Vingroup Joint Stock Company (VIC) also provided support, rising 1.1%.
Large-Cap Losses Cap Market Gains
Despite banking-led advances, declines in certain large-cap stocks limited the market’s gains:
Vietnam Dairy Products Joint Stock Company (VNM): -1.3% (erasing nearly 0.4 points from the VN-Index)
Bình Sơn Refining and Petrochemical Company Limited (BSR): -1.2%
FPT Digital Retail Joint Stock Company (FRT): -4.95%
Market Outlook: Consolidation Phase with Potential for Further Gains
Analysts at Việt Dragon Securities noted that while the market continued to rise, gains remained modest, forming a star-shaped candlestick pattern due to hesitation among large-cap stocks.
Although liquidity declined compared to the previous session, it remained above the 20-session average, suggesting that capital flows are still active, and supply pressure remains temporarily low.
Looking ahead, analysts expect the market to stay in a consolidation phase but note that sustained positive momentum could help the VN-Index gradually test the 1,275–1,285-point resistance zone.
Investment Strategy:
Investors may consider short-term opportunities in stocks showing strong rebounds from support levels.
However, profit-taking is advisable for stocks that have surged toward key resistance levels.
HNX-Index Declines as Foreign Investors Continue Selling
On the Hanoi Stock Exchange (HNX), the HNX-Index slipped 0.5%, closing at 229.13 points. Trading value exceeded VNĐ743 billion, with over 45 million shares exchanged.
Foreign investors remained net sellers, offloading shares worth over VNĐ344 billion on HoSE, though their selling pressure eased compared to previous sessions.
Despite banking sector strength, the market faced mixed sentiment due to losses in key large-cap stocks. While the VN-Index has successfully crossed 1,270 points, investors remain cautious amid foreign outflows and sector-specific volatility. Moving forward, the market’s ability to sustain its upward trajectory will depend on whether banking stocks can maintain their momentum and whether liquidity remains supportive.
In this conversation we spoke to Thijs van Loon, CEO and founder of Betterworks Asia. As an experienced skills development facilitator, Thijs is now leveraging his two decades of experience helping companies in Southeast Asia upskill in all manner of business operations. Part of this involves developing soft skills, which he believes businesses are starting to emphasise globally. By focusing on their development, Thijs is sure companies can reap a variety of cost-saving, value-raising, and revenue-boosting benefits.
Soft Skills For Skills Development: What Are They?
Soft skills are a term you might’ve heard of before, but you may still be unsure what it actually refers to. As per Workable, soft skills are general, non job-specific traits which can help employees excel in the workplace. The converse are known as hard skills, which tend to be more technical, job specific skills. Here’s a table comparing the two.
Soft Skills
Hard Skills
Communication
Data Analysis
Negotiation
Coding
Leadership
Social Media
Teamwork
Project Management
Critical Thinking
Technical Writing
The Value Of Soft Skills: Cross-Cultural Importance
The importance of soft skills has been known since way back in the early 1900’s. According to research conducted by Harvard University, the Carnegie Foundation, and Stanford Research Center, they concluded that 85% of job success comes from having well‐developed soft skills, while only 15% of job success comes from hard skills.
Despite these numbers, there remains a gap in the perceived importance of the two skill types. As per a State of the Industry Report, when U.S. employers spent $171.5 billion on employee learning and development in 2010, only 27.6% of those training dollars went to soft skills training.
Thankfully, that trend is changing. A steady increase in the demand and importance of soft skills has been seen worldwide. In Vietnam, a 2024survey conducted by the Vietnam Chamber of Commerce and Industry found that 75% of employers in Vietnam prioritize soft skills when recruiting new talent. While these numbers point to a future in which soft skills are given their rightful attention, it’s worth taking a look at what happens without proper skills training.
A Skills Development Facilitator In Vietnam: What’s Missing?
Based on his decades of experience and time spent working in a variety of countries, Thijs has outlined 4 main issues for when people don’t train soft skills.
People lack clear goals
Without proper soft skills training, employees in a company are only ever focused on day-to-day operations. This means they lack clear, long-term goals which hinders innovation, growth, and alignment with an organization’s strategic targets.
Employee engagement and retention decreases
Teams lacking in soft skills like empathy, active listening, and conflict resolution tend to leave employees feeling undervalued or unsupported. This can lead to frustration, low morale, and higher turnover rates. As per People Keep, the average costs to replace an employee can be one to two times their yearly salary making this something you want to avoid at all costs.
People fail to communicate
A large part of soft skills training has to do with improving communication skills. Without strong communication skills, misunderstandings increase. This leads to inefficiencies, missed deadlines, and conflict. This is especially bad in cross-cultural settings.
Missed leadership development opportunities
Without training in leadership-focused soft skills like delegation, coaching, and emotional intelligence, organizations lack a strong talent pipeline. This results in ineffective leadership and stalled growth.
Highlighting The Value of Soft Skills Training: A 5-Step Process
While the importance of soft skills should be clear by now, Thijs outlines a 5-step process for showcasing how soft skills training can be cost-saving, value-raising, and revenue-boosting.
Find The Gaps
As mentioned in the previous section, one of the main issues with an absence of soft skills training is that people lack clear goals. This prevents them from growing. That’s why the first step in this process focuses on finding these gaps and filling them with goals. Soft skills training helps with this by teaching people to align their personal goals with company strategy, ensuring a symbiosis between the two.
Track Your Value
With the gaps identified, Thijs says it’s time to start tracking the value you and your company provide. The value is the positive output you generate with your client, whether that be for a product or a service. This is the reason they come to you. Understanding the value you create is key. By doing so, it’s possible to get a clear cut view of what you’re currently doing and how you can improve.
Connect Your Values With Your Skills
Now that you understand what value you provide, you need to connect those values with the skills you already possess and those you need to learn.
Take a taxi driver. A taxi driver provides value by getting customers from one place to the next. However, the manner in which they do so changes the value they provide. Are they calm, smooth drivers? Are they irritable and impatient? Beyond driving, are they great conversationalists or are they uninterested?
All these skills add and subtract from the final value a taxi driver provides. Understanding this in the context of your own work can help you better connect your values with your skills.
Build Training That Matters
Now it’s possible to build training that increases not only your skills but also the value you provide. This is easier because you’ve already identified the gaps, values, and skills in your company, so all you really have to do is base the training off of those factors. One aspect that’s important to remember is to conduct training in a timely manner–You need to provide time for training to take place and information to sink in!
Generate Revenue
Following these steps, you can now generate revenue from your effective soft skills training sessions. This also involves having measurement tools in place to ensure training produces results. A great way to do this is by working hand in hand with operations teams and running Quality Report checks to see values are being delivered upon.
Bridging The Cross-Cultural Gap With Soft Skills
Another benefit of understanding soft skills is the ability to bridge cross-cultural gaps in the workplace. Having opened Betterworks Asia in 2019, Thijs has seen first-hand how some foreign companies and managers struggle when moving to Vietnam and coming face to face with the subtleties of its workplace culture.
Soft skills training provides a foundation for bridging these gaps and ensuring that differences in background and culture don’t affect the efficacy of business operations. Areas such as cross-cultural communication will be fleshed out to ensure successful transitions into the Southeast Asian workforce.
Case Study: A Skills Development Facilitator’s Work With Pizza 4Ps
As one of Vietnam’s most popular restaurants, Pizza 4P’s has been making waves in the country ever since it opened back in 2011. So when they approached Thijs for work in 2022, he was more than excited to get on board.
He joined as an interim training manager. Essentially, someone who’s a consultant and in charge of building and implementing training strategy. From there, he began by looking at the company’s overall model in order to get an idea of how they operated across their 40+ stores. Doing this gave him the idea to have training take place in every regional store, as opposed to through online or e-learning sessions. While these take more time and effort, Thijs believed the impact would be greater and Pizza 4P’s were happy to give it a try.
At that point it became necessary to understand what was needed for actual training sessions by having trainers rotating around Pizza 4P’s numerous outlets. Discussions with different partners in the business became crucial. Finally, a training program focusing on leadership and management skills came together.
This program was neatly aligned with Pizza 4Ps culture, which places a strong emphasis on the highest quality service. The program not only ensured this, it also left space for people’s own ability to think critically, take initiative, and grow autonomously. It’s still in use today.
Learn More From Vietnam’s Leading Skills Development Facilitator
DeepSeek is shaking up the world’s technology scene and is seen as a hero by many Chinese.
According to CNN, the hashtag “DeepSeek overturned the stock market overnight” has attracted tens of millions of views on Weibo in China in recent days. In addition, dozens of other related hashtags have also trended after DeepSeek topped the application rankings in many markets, surpassing Open AI’s ChatGPT.
In particular, Liang Wenfeng (born in 1985), the founder behind DeepSeek, is being praised by many Chinese people as having a vision, helping the country of a billion people open up a new wave of technology that can compete with Silicon Valley.
In fact, the emergence of AI models with many outstanding advantages from DeepSeek not only shocked the technology world but also changed the US stock market, causing the “giant” Nvidia to lose about 600 billion USD on January 27.
Marc Andreessen, a famous technology investor, praised this as a “Sutnik moment”. Meanwhile, US President Donald Trump also spoke about DeepSeek’s success and called it a new breakthrough, a wake-up call for the US industry.
Reuters also recently cited an internal source saying that US President Donald Trump and Nvidia CEO Jensen Huang met on January 31 at the White House to discuss DeepSeek , a startup whose AI models are “shaking” the technology world. According to this source, the two discussed tightening the export of AI chips. Notably, President Trump asked if the appearance of DeepSeek means that US companies do not have to spend a lot of money to build a low-cost AI solution.
US President Donald Trump (right) and Nvidia CEO Jensen Huang are said to have secretly met to discuss DeepSeek. Photo: Reuters
In fact, technological dominance, especially in the field of artificial intelligence (AI), has become a major battleground between the US and China. In recent years, the US has also restricted Chinese companies’ access to advanced chip technology to stifle the country’s AI development.
Therefore, according to many Chinese people, Mr. Liang Wenfeng’s success, vision and spirit towards DeepSeek have marked a significant step forward for this country in the competitive international arena.
Some Weibo users even expressed: “The achievements of Mr. Liang Wenfeng can be called the destiny of the nation.”
“DeepSeek does not do trivial work”
Mr. Liang Wenfeng is the founder of DeepSeek. Photo: SCMP
DeepSeek, the startup that is currently making waves, was founded in 2023. Notably, the company’s latest model, DeepSeek R1, launched on January 20, is considered to be on par with famous American competitors, including OpenAI’s GPT-4, Meta’s Llama, and Google’s Gemini. DeepSeek claims that it cost less than $6 million to build, a fraction of the “huge” investments from other technology companies.
DeepSeek currently has offices in Beijing and Hangzhou (Zhejiang Province), with nearly 140 researchers and engineers. This number of personnel is far behind that of large companies in China and the US in the field of AI. Notably, DeepSeek’s employees are all recruited domestically. Among them, many are recent graduates or postgraduates from top universities in China.
“The top 50 talents may not be in China. But we can create them ourselves. Innovation first needs confidence. And this confidence is often more evident in young people,” DeepSeek’s founder Liang told Chinese media. He added that jobs at DeepSeek are divided according to each person’s strengths.
According to MIT Technology Review, Zihan Wang, a former DeepSeek employee who is currently studying in the US, said that Chinese startups offer luxuries that few new graduates have, such as access to computing resources, freedom to experiment…
Although newly launched, DeepSeek is not inferior to ChatGPT. Photo: Cloudbooklet
A post on DeepSeek’s Wechat revealed that the company’s goal is to discover the essence of artificial general intelligence (AGI). The post reads: ” We do not do trivial things and answer the biggest questions with curiosity and foresight .”
DeepSeek is currently hiring deep learning researchers, engineers, and user interface designers. The highest-paying engineering positions pay 90,000 yuan ($12,400) a month. By comparison, Google’s software engineer salary is around $29,000.
With Valentine’s Day just around the corner, it’s time to plan something extraordinary for your special someone.
Whether you’re dreaming of a luxurious beach escape, an intimate fine-dining experience, or an indulgent spa retreat, these romantic destinations across Vietnam promise unforgettable moments.
Romantic Getaways at Azerai Resorts
Azerai Resorts in Vietnam invites couples to indulge in an intimate escape with exclusive two-night stay packages, featuring romantic in-room décor, fresh flowers, fine wine, and more.
Azerai Ke Ga Bay (just 2.5 hours from Ho Chi Minh City) offers a serene beachfront retreat surrounded by lush gardens, dramatic sand dunes, and the historic Hon Ba Island lighthouse.
Azerai La Residence, Hue transports couples to a colonial-era mansion, originally built in 1930, exuding charm and elegance.
The “Azerai Valentine Romance” package includes: Romantic room décor, a bottle of wine, a luxury chocolate set, and a floral bouquet. Daily breakfast. A 60-minute couple’s spa treatment
Fine Dining & Live Piano Music at The Anam Cam Ranh
For a gourmet Valentine’s experience, The Anam Cam Ranh’s fine-dining restaurant, The Colonial, presents an exquisite set menu, complemented by optional wine pairing and a live pianist from 7-9 PM on February 14.
Menu Highlights: Fresh Khánh Hòa oysters with yuzu juice & smoked salmon roe. Langoustine Norway with heirloom tomatoes & strawberry umeboshi. 150-day grain-fed Black Angus tenderloin with cashew purée & chorizo sauce. Cherry & juniper ice cream with apple & beetroot jelly
Reservations: Call +84 258 398 9499 or email reservations.cr@theanam.com
Caviar & Champagne at Sofitel Legend Metropole Hanoi
For a lavish French dining experience, couples can indulge in an elegant 5-course dinner at the historic Le Beaulieu. Expect rich caviar, premium wine, and Champagne pairings.
Meanwhile, L’Épicerie du Metropole unveils a heart-shaped white chocolate & berry praline cake, while Le Spa du Metropole offers romantic couple’s spa treatments.
A Romantic & Wellness Retreat at TIA Wellness Resort, Da Nang
Couples can escape into relaxation at TIA Wellness Resort with a blend of wellness, creativity, and gourmet indulgence.
Package Includes: A 5-course Valentine’s dinner by the infinity pool. Private beach breakfast setup. Romantic villa turndown service with a drawn milky bath. “Stamp of Love” creative workshop. Two wellness treatments per guest per night (e.g., Himalayan Heart Stone massage, Rose Bud Beauty Scrub)
Vietnam’s cultural landscape has evolved remarkably throughout its history, shaped by profound social and historical transformations. This dynamic interplay of tradition and modernity is vividly reflected in its cuisine, architecture, art, and music, according to a recent article by Diario LaR of Uruguay.
The article highlights Vietnam’s deep-rooted cultural diversity, shaped by influences from globalization, colonial rule, and years of war. These historical experiences have left a lasting impact, enriching the country’s identity while fostering resilience and adaptability.
Vietnam’s impressive economic growth in recent decades has played a pivotal role in its rapid urbanization. Both Hanoi and Ho Chi Minh City have experienced explosive population growth, fueled by rural-to-urban migration in pursuit of better job prospects and educational opportunities. This transformation has led to a dynamic and cosmopolitan society, where modernity blends seamlessly with tradition.
The article also underscores the crucial role of education in Vietnam’s social transformation. The Vietnamese government has made significant investments in public education, improving access to higher learning and fostering a skilled workforce. These efforts have driven social mobility, empowered women, and contributed to economic progress. Over the years, Vietnam has made substantial strides in gender equality, with women increasingly taking on leadership roles in the workforce, politics, and cultural spheres.
Despite rapid modernization, Vietnam remains deeply connected to its cultural roots. While traditional customs and practices are still preserved, the country has also embraced global influences, creating a unique cultural fusion. The younger generation, in particular, is adopting international trends in fashion, technology, and lifestyle while maintaining a strong sense of national identity.
Vietnam’s ongoing social and cultural evolution showcases the resilience, creativity, and adaptability of its people—an aspect that Diario LaR emphasizes as a defining strength of the nation.
Quang Ngai police have arrested seven young men for attacking passersby on a highway in an attempt to “gain reputation.”
On February 6, authorities temporarily detained Dinh Mit Na (23 years old) and six others, aged 18-20, on charges of murder. Two additional suspects, Dinh Minh Thoang (19 years old) and Mai Thieu Thien (20 years old), were prosecuted but released on bail.
The arrests followed a six-month investigation into an unprovoked attack that left one victim seriously injured.
According to police, at around midnight on August 23, 2024, the suspects had been drinking when they decided to bring knives, sticks, and empty beer bottles to Highway 24B, near Ta Com village, Son Thuy commune, Son Ha district, looking for people to attack.
They soon encountered Dinh Van Dung (17 years old), who was riding a motorbike with Dinh Van Sy and Dinh Van Vi (both 19 years old). The group blocked their vehicle and launched a violent attack.
Investigators determined that Na used a knife to slash Sy twice in the head, while the others joined in, beating him until he collapsed. The two other victims managed to escape in panic.
Sy was rushed to Quang Ngai General Hospital in critical condition, suffering severe injuries. The late-night attack caused widespread alarm among local residents, prompting a police investigation.
Authorities continue to process legal proceedings against the suspects as they work to ensure public safety and prevent similar incidents.
As Vietnam steps into the Year of the Snake, the country continues its rapid evolution, with the government introducing new regulations that impact daily life for both locals and expats.
The snake, a symbol of grace, intelligence, and transformation in Vietnamese culture, is a fitting metaphor for the nation’s approach to governance—strategic, adaptive, and forward-thinking.
For expatriates, staying informed about these legal changes is essential. Vietnam’s regulatory landscape shifts frequently, and understanding these updates is the minimum responsibility of those calling this country home, whether temporarily or permanently.
So, what are the key new regulations for 2025, and how will they affect the expat community?
1. Traffic Laws: Stricter Fines and Fewer Negotiations
Vietnam’s infamous roads are now subject to tougher traffic penalties, with significantly higher fines for violations. Authorities aim to improve road safety and discipline among drivers, making it essential for expats to:
Obtain a valid driver’s license
Stay updated on traffic laws and fines
Follow the rules or risk hefty penalties
The days of informal roadside negotiations are disappearing, and ignorance of the law is no longer an excuse.
2. Vape Ban: No More E-Cigarettes in Vietnam
A sweeping ban on e-cigarettes and heated tobacco products has been introduced. The new law prohibits:
Production, sale, and importation of vaping products
Storage, transportation, and use of e-cigarettes and heated tobacco devices
While this move will be welcomed by non-smokers, it’s likely to frustrate vaping enthusiasts. Fines for violations can reach millions of đồng, though enforcement on the ground remains to be seen.
For those unwilling to quit, alternative destinations like Thailand or Mexico might be on their radar.
3. Visa and Work Permit Adjustments
Vietnam has also fine-tuned its work permit regulations, reinforcing policies that prioritize job opportunities for Vietnamese nationals. Under the new rules:
Employers must advertise job openings locally before hiring foreign workers
Work permit renewals may become more difficult in certain industries
While teaching jobs remain relatively unaffected, professionals in other sectors may face additional hurdles when extending their visa and employment status.
4. Property Ownership and Government Land Repossession
The government has been making adjustments to property ownership laws, particularly regarding land repossession in the Tây Hồ district. Expats should be aware that:
Certain land areas may be reclaimed for public development projects
Property laws continue to evolve, impacting long-term investment decisions
For those looking to invest in Vietnamese real estate, staying informed about ownership regulations is crucial.
5. Digital Regulations and Website Restrictions
Another area of regulatory change involves online content and access to certain websites. The government continues to monitor and regulate online platforms to align with national interests and public security concerns.
While such changes may surprise some expats, they reflect Vietnam’s broader governance approach—prioritizing economic stability, public welfare, and national security.
A Year of Transformation
Vietnam’s fast-paced growth demands strategic governance, and 2025’s new regulations are designed to enhance public safety, economic sustainability, and national development. While some rules may pose challenges—particularly for expats—it’s important to recognize that we are guests in a rapidly evolving nation.
Ultimately, the Year of the Snake brings with it a period of adaptation and progress. By staying informed and respecting the changes, expatriates can continue to enjoy and thrive in this dynamic country of Vietnam.
The Vietnamese stock market has undergone remarkable transformation, with a significant rise in the number of listed companies, market capitalisation, and trading value. As the market continues to expand, there is an urgent need to improve investment quality and trading standards to ensure long-term sustainability.
Aiming for a New Era of Development
To drive sustainable economic growth in 2025 and beyond, Vietnam must accelerate market reforms, leverage available resources, and implement breakthrough strategies. The securities sector plays a crucial role in this transformation by improving infrastructure, enhancing service quality, attracting international investors, and mobilising medium- and long-term capital for businesses and the state budget.
A transparent, secure, and appealing investment environment is essential to positioning Vietnam’s stock market as a trusted destination for both domestic and foreign investors.
Encouraging Institutional Investment for Stability
Currently, Vietnam’s stock market has over 9.2 million trading accounts, with retail investors dominating daily transactions. Data from securities companies show that retail investors contribute approximately 75% of market liquidity, a stark contrast to markets like Hong Kong and South Korea, where institutional investors play a more dominant role.
To achieve high-quality and sustainable growth, Vietnam must increase the presence of institutional investors. In mature financial markets, retail investors often invest through fund certificates or entrust capital to professional fund managers, ensuring a more stable and structured investment ecosystem.
Regulatory Reforms to Attract Foreign Capital
To make Vietnam’s stock market more accessible to foreign institutional investors, the Ministry of Finance and the State Securities Commission (SSC) have been refining the legal framework. One of the key milestones is Circular No. 68/2024/TT-BTC, which took effect on November 2, 2024. The regulation removes the prefunding requirement, allowing foreign investors to purchase shares without needing to pre-deposit funds in their accounts.
Additionally, the amended Securities Law, recently approved by the National Assembly, further facilitates the participation of professional institutional investors, making the market more attractive to global capital.
According to Duong Ngoc Dung, a professional investor, these regulatory changes are critical for attracting foreign funds and improving market stability. He pointed out that the high participation of retail investors often leads to excessive volatility, driven by speculation and the FOMO (Fear of Missing Out) effect. The introduction of a central counterparty clearing (CCP) model and increased institutional participation will help mitigate these fluctuations and create a more resilient investment landscape.
Enhancing Market Quality and Investor Confidence
Despite efforts to upgrade Vietnam’s stock market, foreign investors continue to sell off shares, highlighting the need for further improvements. To regain investor confidence, the market must focus on expanding high-quality investment opportunities and addressing key limitations.
One major challenge is the shortage of high-quality stocks, partly due to delayed IPOs and the slow pace of state-owned enterprise (SOE) equitisation. The recent approval of the State Asset Management Law is expected to accelerate SOE listings and privatisations, introducing new supply sources to stabilise and expand the market in 2025 and beyond.
Additionally, the government is prioritising reducing state ownership in sectors where it is no longer necessary, encouraging businesses to list publicly and improve corporate governance and transparency. Loosening regulatory restrictions on foreign ownership will also attract more institutional investors, contributing to a more balanced and stable market structure.
Facilitating Foreign Investment and Market Upgrades
Vietnam’s efforts to attract foreign institutional investors should align with broader national credit rating goals and the participation of large international asset management firms. This includes:
Diversifying financial products tailored to foreign investors
Enhancing oversight through professional fund management companies
Strengthening corporate governance standards
To lay the foundation for long-term market development, the government will continue revising and updating regulations on foreign ownership limits, investment restrictions, and short selling mechanisms. These changes aim to increase foreign participation, boost market liquidity, and make Vietnam’s stock market more integrated with global financial systems.
Vietnam is committed to modernising its stock market, ensuring sustainable growth, and attracting high-quality investment. By refining regulations, expanding investment opportunities, and encouraging institutional participation, the country is taking significant steps toward establishing a stable, transparent, and globally competitive financial market.
Vietnam has become one of the most popular destinations for expats looking for a vibrant lifestyle, career opportunities, and an affordable cost of living.
Whether you are moving for work, business, or a new adventure, understanding where to live is crucial to settling in smoothly. Vietnam offers diverse living options, from bustling urban centers to peaceful coastal cities, catering to different preferences and lifestyles.
Best Cities for Expats in Vietnam
1. Hanoi – The Cultural and Political Hub
As the capital of Vietnam, Hanoi is a top choice for expats who appreciate a mix of traditional charm and modern convenience. The city is known for its rich history, cultural sites, and dynamic economy. Hanoi offers plenty of job opportunities, particularly in banking, finance, education, and technology.
Popular Expat Neighborhoods in Hanoi:
Tay Ho (West Lake): The most popular area for expats, Tay Ho offers a Western-friendly environment with international restaurants, cafes, and supermarkets. It provides a peaceful atmosphere near the scenic West Lake while still being close to the city center.
Ba Dinh: Home to embassies and government offices, Ba Dinh attracts professionals looking for a quieter yet well-connected area.
Hoan Kiem: If you enjoy being in the heart of the action, Hoan Kiem is the best place, with its historic Old Quarter, vibrant nightlife, and commercial centers.
Hanoi Old Quarter
2. Ho Chi Minh City – The Business and Financial Capital
Ho Chi Minh City (Saigon) is the economic powerhouse of Vietnam, offering numerous opportunities for business professionals, entrepreneurs, and digital nomads. It is fast-paced, energetic, and packed with modern skyscrapers, entertainment venues, and a thriving food scene.
Popular Expat Neighborhoods in Ho Chi Minh City:
Binh Thanh District: Close to the city center, Binh Thanh is a favorite among expats looking for modern apartments at reasonable prices.
District 2 (Thao Dien and An Phu): Known for its expat-friendly atmosphere, Thao Dien and An Phu offer international schools, high-end villas, and plenty of Western restaurants.
District 7 (Phu My Hung): This planned urban area is home to many Korean and Japanese expats, with a well-developed infrastructure and green spaces.
Photo: Olivier Ochanine
3. Da Nang – The Coastal Tech Hub
For those looking for a balance between work and beach life, Da Nang is the perfect choice. It has emerged as a tech and startup hub while maintaining a relaxed coastal vibe. With modern amenities, clean streets, and stunning beaches, Da Nang is a great option for digital nomads and remote workers.
Why Expats Choose Da Nang:
A growing expat community with co-working spaces and networking events.
Beautiful beaches and a relaxed pace of life.
A lower cost of living compared to Hanoi and Ho Chi Minh City.
4. Nha Trang – A Seaside Retreat
If you prefer a laid-back lifestyle by the sea, Nha Trang is an excellent choice. This coastal city is known for its clear blue waters, affordable living, and expat-friendly cafes and bars. Many retirees and hospitality professionals choose Nha Trang for its relaxing atmosphere and beachside living.
Adjusting to Life in Vietnam as an Expat
Moving to Vietnam is an exciting experience, but adjusting to the local culture and lifestyle may take some time. Vietnam is a lively country, with fast-paced urban life, bustling markets, and a unique way of doing business. Here are a few tips to help you settle in smoothly:
Learn basic Vietnamese: While many locals in major cities speak English, knowing a few Vietnamese phrases can help you connect better with the community.
Embrace the local culture: Vietnamese hospitality is warm and welcoming. Take the time to explore local customs and traditions.
Get used to the traffic: Motorbikes dominate Vietnam’s streets, and navigating through the chaos may take some practice.
Enjoy the food: Vietnamese cuisine is diverse and affordable, offering delicious options from street food to fine dining.
Vietnam is an attractive destination for expats due to its affordable cost of living, thriving job market, and diverse lifestyle options. Whether you prefer the vibrancy of Hanoi and Ho Chi Minh City, the tech-friendly atmosphere of Da Nang, or the beachside relaxation of Nha Trang, there is a perfect place for everyone. With an open mind and a sense of adventure, expats can enjoy a fulfilling life in Vietnam, blending work, travel, and cultural exploration.
HANOI – Vietnam acknowledges and expresses gratitude for the contributions of the United States Agency for International Development (USAID) as the agency prepares for administrative leave affecting most of its direct-hire personnel.
In a statement posted on its website—following a temporary outage over the weekend—USAID announced that staff leave will commence shortly before midnight on February 7. The decision affects all USAID direct-hire personnel, except those responsible for mission-critical functions, core leadership, and specially designated programs. The agency expressed appreciation for its employees, stating, “Thank you for your service.”
The move aligns with U.S. President Donald Trump and billionaire Elon Musk’s broader efforts to reduce the size of the federal government, a policy shift that has sparked debate in Washington and protests from Democrats and human rights organizations.
As a key arm of U.S. foreign policy, USAID has long played a critical role in funding health and emergency programs in approximately 120 countries, including some of the world’s most vulnerable regions. The agency has been a major player in international development and a significant instrument of U.S. soft power, particularly in geopolitical competition with countries like China.
Musk, a close Trump ally and major government contractor, has publicly criticized USAID, calling it a “viper’s nest of radical-left Marxists”, and has pledged to dismantle the agency. He has also alleged—without substantiation—that USAID has engaged in covert CIA operations and even funded bioweapon research related to Covid-19, claims that have drawn widespread scrutiny.
The restructuring of USAID comes amid long-standing conservative concerns about U.S. foreign aid spending, with critics arguing that taxpayer dollars should prioritize domestic needs rather than assistance to foreign nations.
According to the Congressional Research Service, the top three recipients of USAID funding in 2023 were Ukraine, Ethiopia, and Jordan, followed by the Democratic Republic of Congo, Afghanistan, South Sudan, and Syria. The U.S. government reported that Ukraine alone received more than $16 billion in macroeconomic support amid the ongoing conflict.
With a budget exceeding $40 billion, USAID represents a small fraction of the $7 trillion in total U.S. government spending. However, the United States remains the world’s largest provider of official development assistance, according to the Organization for Economic Cooperation and Development (OECD).
As USAID undergoes significant changes, Vietnam extends its appreciation for the agency’s longstanding support in various development initiatives and humanitarian programs.
HANOI – The Vietnamese government plans to submit a revised GDP growth target of at least 8% for 2025 to the National Assembly, following Resolution 01/NQ-CP 2025, which was issued early last month. This marks an upward revision from the previously approved target of 6.5%–7%, set by the National Assembly in November 2024.
Key Measures to Support 8% GDP Growth
To achieve this ambitious goal, the government has outlined several critical measures:
Legal and Political Reforms: Continuing to refine the legal framework and streamline the political system to enhance economic efficiency.
Accelerated Public Investment: Increasing public investment disbursement, with an adjusted 2025 public investment plan set at VND 875 trillion.
Private Sector and Industrial Growth: Encouraging private investment, particularly in the processing and manufacturing sectors to boost industrial output.
Consumption and Tourism: Enhancing domestic consumption and attracting more international tourists to drive economic activity.
Export Diversification: Expanding export markets, supporting businesses in meeting new international standards, and providing assistance in anti-dumping lawsuits.
New Growth Drivers: Fostering the development of artificial intelligence (AI), big data, cloud computing, and the Internet of Things (IoT) as new economic engines.
SBV Targets 16% Credit Growth to Support Economic Expansion
In alignment with the new GDP target, the State Bank of Vietnam (SBV) has issued Directive No. 01/CT-NHNN for 2025, setting a credit growth target of 16%. The Deputy Governor emphasized that if GDP growth reaches 10%, credit expansion could rise to 18–20% to ensure sufficient capital for businesses and consumers.
To achieve this, SBV will implement key measures:
Liquidity Management: Ensuring a stable money supply through appropriate market operations.
Interest Rate Reduction: Directing commercial banks to lower lending rates by cutting operational costs and leveraging financial technology.
Flexible Credit Growth Management: Adjusting credit limits beyond 16% if inflation and exchange rates remain stable.
Economic Outlook and Policy Implications
Vietnam’s push for an 8% GDP growth rate reflects its commitment to accelerating economic recovery and long-term development. The revised target signals stronger policy coordination between fiscal and monetary authorities, with a focus on investment, consumption, exports, and technological innovation.
The National Assembly is expected to review and decide on the proposal in its upcoming session. If approved, this adjustment could position Vietnam among the fastest-growing economies in the region in 2025.
Swedish police have confirmed that around 10 people were killed in a mass shooting at a school in central Sweden on Wednesday, with the suspect believed to be among the deceased.
The attack took place at a school campus in the city of Örebro, where several others were injured when the suspect opened fire, regional police chief Roberto Eid Forest told Reuters. Authorities are currently investigating the gunman’s motive.
Earlier in the day, police had warned of a “serious violent crime” and launched an operation in the city center. Officers received the first emergency call at approximately 12:30 p.m. local time, Forest said.
According to Jonas Claesson, director of the regional health authority, six people were taken to the local university hospital, including five with gunshot wounds. Four have undergone surgery, with two in stable condition.
Police confirmed that there was an exchange of gunfire between officers and the suspect. The exact number of injured individuals remains unclear, but no law enforcement officers were reported among the casualties. Authorities have urged the public to stay indoors and avoid the area.
The incident comes amid Sweden’s ongoing struggle with rising gun violence. In 2024, at least 40 people were shot dead in the country, with police claiming to have prevented more than 100 serious crimes that year. Sweden recorded the highest rate of gun violence per capita in Europe in 2023.
Swedish Prime Minister Ulf Kristersson has called for a thorough investigation into the tragedy.
“I am deeply saddened by the terrible violence in Örebro. My deepest condolences to those affected and their families. This is a very sad day for all of Sweden,” he stated.
