Vietnam: A Hidden Gem for Expats Seeking a Thriving Family Life

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Over nine years ago, when Sarah Hamilton accepted a three-month work assignment in Vietnam, she had no idea it would lead her entire family to leave the United States for good.

A New Home in Vietnam

In 2015, Sarah, then 39, and her husband moved from Boston to Vietnam to source materials for a U.S.-based company. Initially planning to stay in Ho Chi Minh City for just three months, they soon fell in love with the people, culture, and dynamic lifestyle, extending their stay to 18 months.

When their work contract ended, the couple returned to the U.S., but their hearts remained in Vietnam. They found themselves drawn back, splitting their time between Boston and Ho Chi Minh City before ultimately deciding to settle in Vietnam permanently. “Ho Chi Minh City offers an excellent quality of life at an affordable cost, making it an ideal place for families,” Sarah explains.

They rented an apartment in the vibrant Thao Dien neighborhood, home to a large international community. Over the years, their four children (two sets of twins) were born in Ho Chi Minh City, further cementing their decision to stay. “The cost of childcare, hiring a nanny, and healthcare in Vietnam is only about one-third of what we would pay in the U.S.,” she adds.

Back in Boston, the couple spent at least $800 per month per person on car-related expenses, including insurance and gas. In Vietnam, they traded cars for motorbikes, spending just $450 per month for two.

Beyond affordability, Sarah appreciates the strong sense of community and family values deeply embedded in Vietnamese culture. The city’s strategic location also allows them to take advantage of budget-friendly flights across Southeast Asia. Weekly routines include ballet, tennis, and soccer lessons for their children.

However, there are trade-offs. “International school tuition and housing costs are comparable to those in the U.S.,” she admits.

The first five years were a period of adjustment. The couple learned to ride motorbikes, took Vietnamese language lessons, and experimented with local cooking. Their children faced health challenges due to the tropical climate, prompting Sarah to educate herself on common concerns like dengue fever and water pollution. Over time, these issues faded as they became fully accustomed to their new home.

“We’ve embraced local traditions, celebrating Mid-Autumn Festival and Lunar New Year just like the Vietnamese,” she says. “The work-life balance here is one of the best things about living in Vietnam. We have the flexibility to work remotely, travel, and spend quality time as a family.”

Vietnam: A Top Choice for Expats

Sarah’s family is part of a growing trend of international families relocating to Vietnam, a country consistently ranked as one of the most affordable places to live. According to the 2024 Expat Insider Report, 86% of expats rated Vietnam’s cost of living positively—more than double the global average.

Moreover, 65% of expats reported financial satisfaction, citing high income levels and low expenses. Notably, 19% earn an annual income of $150,000 or more—well above the 10% global average.

A 2024 survey by MoveToAsia, a company specializing in investment and relocation services, revealed an 18% increase in expats seeking assistance to move to Vietnam. Guillaume Laurent, the company’s director, notes a rising trend of families with one or two young children choosing to settle in Hanoi and Ho Chi Minh City.

This shift aligns with Vietnam’s surge in foreign direct investment (FDI), which jumped by 48.6% in January 2024 alone. As businesses expand, more skilled professionals and entrepreneurs are choosing to build their futures here.

Guillaume highlights another factor: Vietnam’s increasingly open visa policies, making long-term residency more accessible.

Overcoming Initial Challenges

For some families, the move initially presents hurdles. Take Mark Wilson, a 43-year-old teacher from Australia. In 2017, he relocated his family to Ho Chi Minh City for work, despite resistance from his two children, then aged 8 and 10, who struggled to leave their friends and school behind.

“We only had a month to prepare,” Mark recalls. He began learning Vietnamese through an app but quickly realized he had picked up a northern dialect, requiring him to start over upon arrival in the south.

Navigating Vietnam’s infamous traffic was another challenge. His children had to adapt to a world dominated by motorbikes and learn how to cross the streets safely. With help from colleagues, they found an apartment and settled in within a week.

After two years, Mark’s work contract ended—but the family had no desire to leave. They officially decided to make Vietnam their permanent home. When visiting Australia in late 2024, his children repeatedly asked, “When are we going back home?”—referring to Vietnam.

“The energy in Vietnam’s major cities is vibrant, but life isn’t as stressful or fast-paced as it is in many Western countries,” he says. “It’s been an incredibly rewarding experience.”

Why More Families Are Choosing Vietnam

Guillaume identifies four key factors that keep expat families in Vietnam:

  • High quality of life – Access to excellent healthcare, international schools, and modern infrastructure.
  • Career opportunities – Expanding industries and foreign investment create job prospects for professionals.
  • Affordable living costs – Housing, food, and transportation remain significantly cheaper than in Western countries.
  • World-class education – Many international schools provide top-tier education at 20% lower tuition fees than in cities like Singapore, Hong Kong, and Shanghai.

“In recent years, we’ve seen a surge in expats enrolling their children in French international schools here, recognizing that Vietnam offers education on par with leading Asian cities but at a more competitive cost,” Guillaume notes.

With its welcoming culture, economic growth, and affordability, Vietnam is emerging as an ideal destination for families looking for a fresh start.

“Vietnam isn’t just where we live,” Sarah concludes. “It’s where we’ve built our home.”

VinFast Brings Vietnamese Innovation to the Heart of the Automotive World

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Vietnamese automaker VinFast is making a strong push into the European market with its participation in ABF 2025, one of Northern Germany’s leading trade shows, held from February 12 to February 16.

At the event, visitors will have the opportunity to test drive VinFast’s latest urban electric SUVs, the VF 6 and VF 8, marking another step in the company’s global expansion.

VinFast Strengthens Commitment to European Market

By joining ABF 2025, VinFast reaffirms its commitment to providing European consumers with high-quality, competitively priced electric vehicles, backed by comprehensive after-sales policies. The event, which focuses on sustainable transportation and green mobility, showcases cutting-edge technologies, products, and trends that are shaping the future of the automotive industry.

Visitors can explore VinFast’s fully electric vehicle lineup at booth D11, Hall 26, Hannover Exhibition Center.

Ms. Le Thi Thu Trang, General Director of VinFast Europe, emphasized the significance of this event, stating:

“ABF 2025 is an opportunity for VinFast to bring high-quality, reasonably priced electric vehicles closer to European consumers and industry partners. With our expanding network across Europe, we look forward to delivering modern vehicles that offer an outstanding driving experience, combining European design with Vietnamese innovation.”

Spotlight on VinFast VF 6 and VF 8

VinFast is presenting two electric SUV models at the trade show:

VinFast VF 6 – A Compact Urban SUV

The VF 6 is a B-segment electric SUV designed for city driving, offering both Eco and Plus versions: VF 6 Plus – Priced from 38,990 euros (1.033 billion VND), featuring a 59.6 kWh battery, a 150 kW electric motor, 310 Nm torque, and front-wheel drive. Additional highlights include: Advanced ADAS driver assistance features; Heated and cooled seats; Panoramic sunroof; 360-degree camera; Wireless Apple CarPlay & Android Auto connectivity; VF 6 Eco – Starting at 34,990 euros (927.69 million VND), offering a driving range of up to 410 km per full charge (WLTP standard). Both versions come with an industry-leading 7-year or 160,000 km warranty (whichever comes first).

VinFast VF 8 – A Spacious and Powerful D-Segment SUV

The VF 8 is tailored for business professionals and families, offering a premium driving experience with a strong focus on performance and comfort.
VF 8 Eco – Starting at 48,490 euros (1.28 billion VND); VF 8 Plus – Starting at 54,490 euros (1.44 billion VND)

Equipped with an 87.7 kWh battery, a 300 kW electric motor, 620 Nm torque, and four-wheel drive, providing a range of 471 km per full charge (WLTP standard).

The Plus version features: Head-up display (HUD); Panoramic sunroof; Heated and cooled seats.

All VF 8 versions include ADAS driving assistance systems and come with a 10-year or 200,000 km warranty, while the battery is covered by an unlimited mileage warranty.

Expanding After-Sales and Service Network in Germany

To support its customers in Germany, VinFast has developed a comprehensive after-sales system with 8 dedicated technical centers. The company also collaborates with ATU, Germany’s leading auto service provider, leveraging its 533 service locations across the country.

All ATU service centers are equipped with genuine spare parts and VinFast-certified technical expertise, ensuring that customers receive high-quality maintenance and repair services. As part of its growth strategy, VinFast continues to expand and improve its service network, providing peace of mind for electric vehicle owners across Germany.

VinFast’s Global Vision and Market Expansion

As a subsidiary of Vingroup, VinFast is on a mission to become a leading smart electric vehicle brand that accelerates the global transition to sustainable transportation. With its presence at ABF 2025, the company is not only showcasing its latest electric SUVs but also solidifying its position in the European market.

With an expanding service network, competitive pricing, and cutting-edge technology, VinFast is well on its way to becoming a key player in the European EV landscape.

Vietnam Raises 2025 GDP Growth Target to 8.0% Amid Strong Trade and Investment Outlook

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Vietnam will officially revise its GDP growth target for 2025 to 8.0%, up from the previous range of 6.5%–7.0%, Minister of Planning and Investment Nguyen Chi Dung announced on Wednesday.

Speaking in parliament, Dung projected imports and exports to grow by 12% this year, with an estimated trade surplus of $30 billion. The Southeast Asian manufacturing hub recorded GDP growth of 7.09% in 2024, cementing its position as one of the fastest-growing economies in Asia.

According to Dung, industrial manufacturing and foreign investment will be the key drivers of economic expansion this year. Foreign direct investment (FDI) inflows are expected to reach $28 billion, while domestic retail sales are forecasted to increase by 12%.

Despite the positive outlook, Dung emphasized that Vietnam still faces economic challenges in 2025. The government will prioritize inflation control and macroeconomic stability, with inflation projected at 4.5%–5.0%.

The revised GDP growth target remains subject to parliamentary approval.

Everything About Valentine’s Day and How to Celebrate It in Vietnam

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Valentine’s Day, celebrated every year on February 14, is a time to express love and affection through gifts, heartfelt messages, and romantic gestures. While many recognize it as a global tradition, its origins and customs vary across cultures.

For foreigners living in or visiting Vietnam, understanding the history of Valentine’s Day and how it is celebrated locally can enhance their experience and deepen their connection with Vietnamese culture.

The Origins of Valentine’s Day

The story of Valentine’s Day dates back to ancient Rome. One of the most popular legends is about Saint Valentine, a Christian priest who lived during the 3rd century under the rule of Emperor Claudius II. The emperor banned marriages for young men, believing that single soldiers fought better than those with families. Defying the decree, Saint Valentine secretly performed weddings, earning him the emperor’s wrath and eventual execution on February 14.

Over time, the day became associated with love and romance. By the Middle Ages, poets like Geoffrey Chaucer romanticized it, and by the 18th century, exchanging love notes and small gifts became common in Europe. In the 19th century, printed Valentine’s Day cards emerged, solidifying its modern commercial appeal. Today, Valentine’s Day is celebrated in many countries, each adding its own cultural touch.

How Valentine’s Day is Celebrated in Vietnam

Vietnamese couples embrace Valentine’s Day with enthusiasm, incorporating both Western traditions and local customs. Here are some key aspects of how the holiday is observed in Vietnam:

  • Gift-Giving: Popular Valentine’s Day gifts in Vietnam include chocolates, flowers (especially red roses), teddy bears, and personalized gifts. Some couples exchange handwritten love letters, a tradition that holds sentimental value.
  • Romantic Dates: Fancy dinners, café outings, or scenic strolls along lakes and parks are common ways for couples to spend the day. Rooftop restaurants and river cruises offer a more luxurious experience.
  • Social Media and Public Declarations: Vietnamese youth enjoy expressing their love publicly through social media posts, often sharing couple photos, love messages, and even surprise videos.
  • Valentine’s Variations: Vietnam celebrates not only February 14 but also White Day (March 14) and Black Day (April 14), which originate from Japan and South Korea. White Day is when men return the favor with gifts, while Black Day is for singles to gather and celebrate friendship.
How Foreigners Can Celebrate Valentine’s Day in Vietnam

If you are a foreigner in Vietnam, here are some meaningful ways to celebrate:

Experience a Romantic Dinner in a Vietnamese Setting

Vietnam offers a wide range of dining experiences, from fine-dining restaurants to charming street food stalls. Consider enjoying a candlelit dinner at a high-end restaurant in Hanoi or Ho Chi Minh City, or savoring Vietnamese specialties like bò lúc lắc (shaking beef) and bánh xèo (crispy pancakes) at a cozy eatery.

Take a Scenic Getaway

Vietnam’s breathtaking landscapes make it an ideal place for a Valentine’s retreat. Some top destinations include:

  • Sapa – Experience the misty mountains and romantic views.
  • Da Lat – Known as the ‘City of Love,’ Da Lat has cool weather, flower gardens, and picturesque valleys.
  • Phu Quoc – A tropical paradise with stunning beaches and luxury resorts.

Try Traditional Vietnamese Love Customs

Vietnamese culture has unique romantic traditions. One of them is writing love wishes on paper lanterns and releasing them into the sky or water. Some cities, like Hoi An, allow visitors to float paper lanterns on the river, creating a magical atmosphere.

Explore Local Valentine’s Day Events

Many shopping malls, cafés, and cultural spaces host Valentine’s Day events, including live music, poetry readings, and couple-themed activities. Keep an eye on event listings in major cities to find something special.

Gift Local Handicrafts and Personalized Surprises

Instead of traditional chocolates and flowers, consider gifting Vietnamese lacquerware, silk scarves, or handmade jewelry. A personalized approach—such as a custom-made áo dài (Vietnamese traditional dress) or a photo album documenting shared experiences—adds a heartfelt touch.

Valentine’s Day in Vietnam is a blend of romance, cultural adaptation, and personal expression. Whether you are new to the country or have been here for years, embracing both global and local traditions will make your celebration more memorable. Whether through a romantic dinner, a scenic getaway, or a simple handwritten note, expressing love is what truly matters.

Happy Valentine’s Day!

A French Son-in-Law’s Love for Vietnamese Cuisine Turns into a Family Business in Saigon

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Timothée Rousselin, a Frenchman living in Vietnam, never imagined that his love for his mother-in-law’s cooking would lead to a thriving restaurant venture. But that’s exactly what happened when he and his Vietnamese wife, Hồng Nhung, encouraged her mother, Lê Thị Ngọc Trinh, to share her home-cooked Vietnamese meals with the world.

From Family Kitchen to Restaurant

Every morning, at a cozy eatery on Pasteur Street in District 3, Ho Chi Minh City, Mrs. Trinh, 54, can be seen meticulously cleaning tables and setting up utensils. Though the restaurant’s décor carries a French touch, its menu is unmistakably Vietnamese, featuring beloved traditional dishes.

Mrs. Trinh hails from Tây Ninh province and moved to Ho Chi Minh City in 2021 to live with her daughter and son-in-law. While helping care for her grandchildren, she also prepared daily meals for the family. It was during this time that Tim discovered her exceptional cooking. Fascinated by the rich flavors and authenticity of her dishes, he encouraged her to open a restaurant to introduce Vietnamese cuisine to more people, especially foreigners.

“I love cooking, but I never thought about opening a restaurant,” Mrs. Trinh admitted. “After receiving praise from my children, I started selling food online, and to my surprise, many people loved it. One day, my daughter and son-in-law suggested opening a physical restaurant, with me as the head chef. I was excited but also nervous.”

With Tim’s unwavering support, Mrs. Trinh took on the role of head chef, preparing traditional dishes such as gỏi (Vietnamese salad), cà ri (curry), chả giò (spring rolls), and bì cuốn (shredded pork rolls). She relies on years of cooking experience rather than strict recipes, ensuring each dish retains the authenticity of homemade Vietnamese food.

The restaurant operates daily from 8 AM to 10 PM, with Mrs. Trinh in the kitchen alongside an assistant, while her daughter and staff serve customers. Despite managing another restaurant in the city, Tim frequently drops by after work to help oversee operations.

A Frenchman’s Passion for Vietnamese Cuisine

Tim, who has over 15 years of experience in the food industry, was instantly captivated by the flavors of Vietnamese cuisine, particularly his mother-in-law’s chicken curry. For him, opening the restaurant was not just about business—it was about sharing his appreciation for Vietnamese food with the world.

“I chose this location because many foreigners live and work here, and I wanted them to experience authentic Vietnamese dishes,” he explained. “I hope our dedication will help our restaurant grow and introduce more people to the beauty of Vietnamese cuisine.”

A Love Story Rooted in Vietnam

Hồng Nhung takes pride in seeing her husband and mother pursue their culinary dreams together. Every day at the restaurant, she wears a traditional Vietnamese áo dài, adding to the cultural experience for foreign guests.

“Our busiest times are lunch and dinner,” she said. “During lunchtime, we mostly serve Vietnamese customers, while in the evening, foreign tourists make up the majority. Their positive feedback motivates us to keep going.”

Now living in Thủ Đức City with Mrs. Trinh, the couple has been happily married for over four years and has two children. Despite the challenges of learning Vietnamese, Tim makes an effort to speak it daily with his wife and mother-in-law.

A true family man, Tim designed the restaurant to be warm and inviting, creating an atmosphere where customers can feel at home. He even decorated the space with pictures of his parents and grandparents, keeping their presence close despite being far from France.

Having lived in Vietnam for over six years, Tim has no regrets about leaving his career in France to embrace life in this vibrant country. “Vietnam is a beautiful land with a rich history. From the moment I arrived, I felt welcomed. I knew right away that this country was my future.”

Tim admires the warmth and hospitality of the Vietnamese people and is fascinated by the country’s diverse culture. While he acknowledges that Vietnamese is a difficult language, he enjoys learning and speaking it.

“I’m focused on working hard, raising my family, and ensuring my children have a bright future. I hope they, too, will follow their dreams,” he said.

Through a simple yet heartfelt venture, Tim and his family have created more than just a restaurant—they’ve built a bridge between cultures, proving that food has the power to bring people together.

Source: Dan Tri

Vietnam’s Phu Quoc Island Among the Fastest-Growing Tourist Destinations in Southeast Asia

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Phu Quoc has been recognized as one of the top five fastest-growing tourist destinations in Southeast Asia, making it the only Vietnamese representative on the prestigious list.

Phu Quoc’s Rising Popularity

According to Travel Off Path, an American travel website, Phu Quoc is “stealing the hearts” of international travelers with its luxurious yet affordable resorts, breathtaking natural landscapes, and pristine white-sand beaches lined with palm trees.

Experts highlight that the island’s vibrant night markets and world-class amusement parks offer visitors endless entertainment. Many international tourists enjoy adventurous experiences in southern Phu Quoc, including Riding the world’s longest three-wire cable car to Hon Thom Island; Walking under the ocean for a unique marine exploration;
Watching mesmerizing fireworks displays at Hoang Hon Town; Visiting Hon Bridge, a uniquely designed “no-touch” bridge, which has become a popular spot for sunset lovers seeking romantic and picturesque views.

Phu Quoc’s Record-Breaking Growth

Phu Quoc’s rapid rise in the tourism sector is reflected in its impressive growth statistics. In January 2024, Phu Quoc International Airport recorded a 185% increase in passenger volume compared to the same period in 2023, making it the fastest-growing airport in the region, according to Aviation A27, an Indian aviation industry tracking website.

This surge in tourism is largely attributed to: Vietnam’s visa exemption and relaxation policy, implemented in August 2023. Increased international flight routes and higher flight frequencies, thanks to expanded cooperation between airlines and local authorities.

During the Lunar New Year holiday, Phu Quoc contributed 70% of Kien Giang Province’s total tourism revenue, which reached nearly 1,900 billion VND.

A Rising Star Among Global Islands

Phu Quoc is not only making waves in Southeast Asia but also earning global recognition, in 2024, Travel + Leisure ranked Phu Quoc the second most beautiful island in the world, just behind the Maldives; Condé Nast Traveller included Phu Quoc in its list of must-visit islands for 2025.

Despite offering world-class experiences, Phu Quoc remains highly affordable. Experts estimate that a 3-day, 2-night vacation on the island costs just one-third or one-fourth of the expenses in Singapore or Koh Samui, Thailand, making it an attractive option for budget-conscious travelers.

Phu Quoc’s Future as an International Hub

Further solidifying its global status, Phu Quoc has been chosen to host the Asia-Pacific Economic Cooperation (APEC) Forum in 2027. This prestigious event is expected to elevate Vietnam’s international reputation and transform Phu Quoc into a leading tourism, economic, and service hub in the Asia-Pacific region.

With its remarkable tourism growth, stunning natural beauty, and strategic development plans, Phu Quoc is well on its way to becoming one of the most sought-after travel destinations in the world.

Vietnam’s capital city Ranks 2nd in Top 10 Best Cultural Destinations Worldwide

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Vietnam’s capital, Hanoi, has been ranked 2nd among the world’s top cultural destinations in the Tripadvisor Travelers’ Choice Awards.

The ranking, based on traveler reviews from last year, recognizes Hanoi’s deep-rooted history, rich traditions, and unique cultural experiences.

Hanoi: A Cultural Gem in Asia

Hanoi’s recognition among the world’s best cultural destinations is a testament to its blend of ancient heritage and modern vibrancy. The city, with its thousand-year-old history, is home to well-preserved French colonial architecture, historic temples, bustling markets, and vibrant street life.

Visitors to Hanoi are enchanted by:

  • The Old Quarter – A maze of 36 ancient streets showcasing traditional crafts, street food, and historical buildings.
  • The Temple of Literature – Vietnam’s first university, offering insight into Confucian teachings and traditional Vietnamese education.
  • Hoan Kiem Lake & Ngoc Son Temple – A serene retreat in the heart of the city, rich in folklore and history.
  • Hanoi’s Cuisine – From Pho (Vietnamese noodle soup) to Bun Cha (grilled pork with noodles), Hanoi’s food scene is a cultural experience in itself.
  • Theatres & Arts – The city is renowned for its water puppet theatre, folk music performances, and contemporary art spaces.
Hanoi in Autumn, which is the best season of the year. Photos: Khanh Huy/ Hanoi Times
Tripadvisor’s Top 10 Cultural Destinations

The Travelers’ Choice Awards also recognized other outstanding cultural destinations worldwide. The top 10 list includes:
1. Bali, Indonesia
2. Hanoi, Vietnam
3. London, UK
4. Marrakech, Morocco
5. Rome, Italy
6. Cusco, Peru
7. Kathmandu, Nepal
8. New Delhi, India
9. Crete, Greece
10. Siem Reap, Cambodia

Vietnam’s Growing Global Recognition

Hanoi’s ranking reflects Vietnam’s increasing prominence as a top global travel destination. With UNESCO heritage sites, rich traditions, and a warm, welcoming culture, Vietnam continues to attract visitors seeking authentic cultural experiences.

This recognition not only solidifies Hanoi’s position as a must-visit city but also highlights Vietnam’s tourism growth and cultural richness on the global stage.

For travelers looking for a destination that blends history, tradition, and modern energy, Hanoi stands out as a top choice in 2024.

American Millionaires Explore Ha Long Bay While Seeking Investment Opportunities in Vietnam

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On the morning of February 11, two prominent American financial millionaires, Jeff Grinspoon and Jon Thomas Foley, arrived in Quang Ninh province to visit Ha Long Bay and Bai Tu Long Bay, as part of their broader exploration of Vietnam for investment opportunities.

The helicopter carrying Jeff Grinspoon and Jon Thomas Foley landed at Van Don International Airport at 11:30 AM, where they were warmly welcomed by Ms. Nguyen Huyen Anh, Director of the Quang Ninh Provincial Department of Tourism, Mr. Vu Duc Huong, Chairman of Van Don District, and other local leaders.

The two millionaires traveled by EC155B1 helicopter from Ha Giang to Gia Lam Airport and continued to Van Don before embarking on a luxurious cruise journey through Ha Long Bay and Bai Tu Long Bay.

The duo is experiencing a specially designed, high-end tourism route, starting from Ao Tien International Passenger Port and moving toward the Cong Do area.

Following their cruise, the two American millionaires will continue their Vietnam journey by road, heading to Hoi An, Hue, and Ho Chi Minh City.

Jeff Grinspoon and Jon Thomas Foley
Seeking Investment Opportunities in Vietnam

Beyond their luxury travel experience, Jeff Grinspoon and Jon Thomas Foley are in Vietnam with a strong business agenda. They are exploring investment opportunities in footwear manufacturing and real estate, two of Vietnam’s most dynamic and rapidly growing industries.

Commenting on their visit, Sophia Dao, Senior Partner at GBS, highlighted Vietnam’s strong potential for international investors:

“Vietnam continues to be an attractive destination for global investors, thanks to its robust economic growth, skilled workforce, and increasingly favorable business environment. Ha Long Bay and Bai Tu Long Bay are not only world-class tourism icons but also symbols of Vietnam’s rising appeal as an investment hub. The presence of distinguished investors like Mr. Grinspoon and Mr. Foley underscores the growing confidence in Vietnam’s market potential.”

With Vietnam’s booming economy, strategic location, and investment-friendly policies, the arrival of high-profile investors like Jeff Grinspoon and Jon Thomas Foley further cements the country’s position as a leading destination for both tourism and business expansion.

Vietnam’s Consumer Finance Provider F88 Reports Record-Breaking Profits in 2024

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F88 Business Joint Stock Company, Vietnam’s leading pawnshop chain operator, has announced its highest-ever annual profit, reporting VND351 billion in after-tax profit for 2024—2.6 times higher than 2023.

F88 recorded VND3,347 billion in revenue in 2024, marking a 23.2% increase compared to the previous year. The fourth quarter alone contributed VND917 billion, up 18.8% year-on-year. Mortgage lending remained the primary revenue driver, accounting for over 88% of total earnings.

The company’s total loan disbursement last year reached over VND12,000 billion, an 8.5% increase from 2023, while outstanding loans rose 22.7% to VND4,585 billion.

Related: How to invest into Vietnam financial market 

F88 attributed its strong profit growth to an optimized cost structure and higher revenue, leading to a 12.6% reduction in its cost-to-revenue ratio (CIR). This performance signals a major turnaround for the company following its VND545 billion loss in 2023.

By the end of 2024, F88 operated 868 transaction points nationwide, further solidifying its position as a key player in Vietnam’s consumer financial services sector. The company also expanded into insurance distribution by launching NNX Technology Joint Stock Company.

Bertrand Rieger/Getty Images

Founded in 2013, F88 has rapidly grown into one of Vietnam’s largest consumer financial services providers, with a network spanning both urban and rural areas. Since 2017, Mekong Capital has been a strategic investor, playing a crucial role in F88’s expansion and financial success.

With record-breaking profits and continued expansion, F88 is positioning itself as a dominant force in Vietnam’s consumer finance sector, driving financial inclusion for millions across the country.

How to cross the road in Vietnam as a foreigner?

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Stepping onto the street after 10 minutes of observation, Geepee still felt his heart pounding as he navigated through the chaotic flow of traffic at an intersection in Hoan Kiem District, Hanoi.

The Nigerian man cautiously followed a group of three Vietnamese pedestrians ahead of him, raising his right hand to signal his presence to drivers. He even thought it would be better if he held a bottle in his hand—an unconventional trick he had picked up after two years in Vietnam, VNExpress, a local media reported.

Before arriving in Hanoi in 2022, Geepee had watched numerous videos about Vietnamese traffic. “It looked chaotic, but experiencing it in real life was far more shocking,” he admitted. “The streets were packed with vehicles, and it seemed like no driver wanted to stop.”

Sitting on the sidewalk, he observed and marveled at how locals managed to cross the street unscathed.

The first time Geepee attempted to cross an intersection in Hoan Kiem District, he quickly realized it was no easy feat. The speeding motorbikes terrified him—each time he took a few steps, he found himself retreating to safety. On one occasion, he was even hit by a motorbike while trying to cross, deepening his fear.

A few months later, after deciding to settle in Hanoi, he acknowledged that crossing the street was a “survival skill” he had to master. He sought advice from both Vietnamese locals and long-term expats and picked up some valuable tips.

Mastering the Art of Crossing the Street in Vietnam

The first lesson he learned was to follow the locals—crossing the street alongside them made him feel more secure. Geepee realized that in Vietnam, “you shouldn’t rush, but you also shouldn’t hesitate too much.” Maintaining eye contact with drivers and raising a hand as a signal were crucial tactics.

“Sometimes, I even have to shout to make sure they notice I’m crossing,” he said. At the same time, he stayed alert, constantly scanning his surroundings to maintain a safe distance from oncoming traffic.

Geepee is among the 70% of foreigners who struggle to adapt to Vietnam’s traffic rules, particularly in major cities like Hanoi and Ho Chi Minh City, according to a survey by the World Travel & Tourism Council (WTTC).

A separate survey by Internations Expat Insider identified traffic as one of the biggest culture shocks for foreigners in Vietnam. Around 45% of respondents reported difficulties related to transportation.

The hashtag #howtocrosstheroadinVietnam has garnered thousands of comments across social media platforms. Several YouTubers and TikTokers have even created instructional videos on crossing streets in Vietnam, attracting millions of views.

Learning Through Social Media

Peter Hall, a 29-year-old expat, resorted to watching online tutorials after struggling to cross the street for three months.

At the end of 2019, he secured a job contract in Ho Chi Minh City and had little time to prepare for life in Vietnam.

On his way from Tan Son Nhat Airport to Thao Dien, Thu Duc City, he was overwhelmed by the millions of motorbikes swarming around him. He couldn’t comprehend how Vietnamese people managed to cross the street safely.

“In places without pedestrian crossings, they seem to rely purely on instinct and experience,” Peter recalled. “It was incredibly difficult to step forward with all those motorbikes seemingly about to hit me.”

After five years in Vietnam, Peter now confidently crosses the street like a local. He believes that staying calm, walking at a steady pace, and consistently signaling with his hand are the keys to success. By 2022, he was even teaching these techniques to his family when they visited.

Adapting to Hanoi’s Traffic

Similarly, Tamara Hoffman, a South African teacher, sought help from friends in Vietnam when she first arrived in mid-2017. Living in Tay Ho District, Hanoi, she was initially overwhelmed by the chaotic traffic.

Back home, traffic accidents were mostly caused by drunk driving or speeding. But in Hanoi, she struggled to grasp the unwritten rules of how people moved on the streets.

She soon learned to wave her hand while crossing and walk at a steady pace. “If I stop abruptly, I’ll be in someone else’s way,” she explained. “So the best thing to do is stay calm, signal, and keep walking.”

Tamara eventually came to appreciate that, despite its seemingly disorganized nature, Vietnamese traffic flows smoothly. She noted that as long as drivers maintain a moderate speed, the system works.

While she has adapted well, many of her friends visiting Vietnam for the first time still struggle with crossing the street. To help them, she shares her personal formula: stay calm, look ahead, and raise your hand.

Traffic Regulations Becoming Stricter

During the Tet holiday in 2025, when streets became even busier, Geepee observed that people were more compliant with traffic rules than before. He attributed this change to stricter enforcement and heavier penalties for traffic violations introduced by the government.

“I hope crossing the street will become easier over time,” he said. “But the sooner I get used to Vietnamese traffic, the faster I can fully integrate into life here.”

Vietnam’s Central Bank to Reform Credit Growth Policy, Phasing Out Annual Limits

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The State Bank of Vietnam (SBV) is set to modernize its operational framework, introducing a roadmap to gradually reduce and ultimately eliminate the allocation of credit growth targets for individual banks.

This strategic shift was announced by Deputy Governor Dao Minh Tu during a high-level conference on February 11, where Prime Minister Pham Minh Chinh met with representatives from commercial banks. The meeting took place in the context of Vietnam’s ambitious economic agenda, targeting GDP growth of over 8% this year, with an eye on sustaining double-digit expansion in the coming period. Given that bank credit remains a crucial driver of economic growth, the new approach is expected to enhance the banking sector’s flexibility and efficiency.

According to Deputy Governor Tu, the SBV will continue its proactive monetary policy management, aligning with fiscal and macroeconomic policies to support growth, maintain macroeconomic stability, and control inflation.

“The State Bank will innovate its management measures, setting a clear roadmap to phase out the allocation of credit growth targets for each bank,” he stated.

For 2025, the SBV has set an overall credit growth limit of approximately 16%, a 0.92 percentage point increase compared to the previous year. However, as part of the transition, credit growth allowances will be adjusted dynamically based on economic conditions rather than requiring written requests from banks. “This approach is designed to stimulate economic growth while ensuring financial stability,” Mr. Tu emphasized.

At a government press conference on February 6, Mr. Tu reiterated that the SBV’s long-term goal is to shift away from directly allocating credit limits and instead manage credit growth at a macro level. This shift will grant banks greater autonomy in lending decisions, provided they comply with regulations on risk control and financial system stability.

Central bank of Vietnam
A Major Shift from a Decade-Old Policy

The practice of assigning credit growth targets has been in place for over a decade, introduced in 2011 to curb overheating in the banking sector and control double-digit inflation. The credit ceiling mechanism has since been an effective tool for managing loan quality, interest rates, money supply, and inflation.

However, as Vietnam’s banking system aligns more closely with international standards, many experts have called for the removal of credit ceilings. Critics argue that the credit “room” mechanism has discouraged banks from expanding lending to priority sectors, such as consumer finance, which can drive economic activity while maintaining relatively low risks.

Currently, the SBV assigns credit growth quotas to each bank at the start of the year, with periodic adjustments in the middle or end of the year. This process has led to delays in loan disbursement, reducing banks’ agility in meeting market demands.

In 2024, the SBV took an initial step toward reform by eliminating credit ceilings for foreign bank branches. For domestic credit institutions, the central bank is reviewing policies to gradually remove these limits while ensuring stability in interest rates and bad debt levels. The concern remains that an abrupt removal could trigger aggressive competition among banks, leading to excessive interest rate hikes and increased credit risks, similar to the pre-2011 period.

Banking Sector to Drive Economic Growth

At the conference, Prime Minister Pham Minh Chinh acknowledged the fast-changing global economic landscape and the need for Vietnam to proactively adjust its policies. He emphasized that with the country’s high-growth aspirations, the banking system must play a central role in unlocking Vietnam’s economic potential.

He urged bank leaders to analyze both challenges and opportunities, proposing innovative solutions to revitalize traditional growth drivers—investment, exports, and consumption—while fostering new engines of growth.

According to SBV data, Vietnam’s credit growth reached 15.08% in 2024, injecting approximately 2.2 quadrillion VND into the economy, with total loan turnover at 23 quadrillion VND. Lending interest rates declined by 1.24 percentage points, liquidity remained abundant, and the SBV successfully completed the restructuring of four weak banks. Bad debt levels were controlled below the 3% target, contributing to economic stability.

With its latest policy direction, the State Bank of Vietnam is setting the stage for a more flexible, market-driven banking sector. The gradual phasing out of credit growth targets is expected to enhance financial institutions’ autonomy while ensuring robust economic growth and financial stability.

Vietnam’s “Bikini Airline” Named World’s Best Ultra-Saver Airline 2025

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Vietjet Air, often referred to as Vietnam’s “Bikini Airline”, has been recognized as the World’s Best Ultra-Saver Airline 2025 in the prestigious Airline Excellence Awards by AirlineRatings.

This recognition solidifies Vietjet’s position as a leading low-cost carrier (LCC) in Asia, known for its affordable fares, expanding international routes, and commitment to making air travel accessible for all.

A Prestigious Global Recognition

The Airline Excellence Awards, held annually since 2013, evaluate airlines based on a comprehensive assessment of service quality, safety, innovation, and customer experience.

This year, major global airlines such as Korean Air, Qatar Airways, Air New Zealand, Emirates, and Etihad Airways were also honored, showcasing Vietjet’s achievement on a highly competitive international stage.

Being awarded the Best Ultra-Saver Airline highlights Vietjet’s success in offering budget-friendly fares while maintaining a strong safety record, innovative services, and an expanding global network. Vietjet has made a name for itself with cost-effective yet comfortable travel options, serving a wide demographic of passengers, including budget travelers, business professionals, and international tourists.

Vietjet’s Rise as a Global Low-Cost Leader

Founded in 2007, Vietjet has revolutionized air travel in Vietnam and beyond, pioneering low-cost flights with an extensive domestic and international route network. The airline has aggressively expanded its services across Asia, Australia, and Europe, offering competitive fares without compromising safety or quality.

Key strengths that contributed to Vietjet’s success include: Ultra-low fares with a diverse range of ticket options. Young, fuel-efficient fleet with modern Airbus aircraft. Expanding international routes, connecting Vietnam to major cities worldwide. Innovative customer service and in-flight experiences, including themed flights. Award-winning financial management, making Vietjet one of the most profitable low-cost airlines in the region.

Beyond the “Bikini Airline” Reputation

Vietjet gained global attention for its controversial bikini-clad flight attendants on certain promotional flights, a marketing strategy that sparked debates but also propelled the airline into the global spotlight. However, beyond the eye-catching campaigns, Vietjet has built a serious reputation for efficiency, affordability, and customer satisfaction, making it one of Asia’s most competitive ultra-low-cost carriers (ULCCs).

What This Award Means for Vietjet and Vietnam’s Aviation Industry

Winning the World’s Best Ultra-Saver Airline 2025 is not only a recognition for Vietjet but also a milestone for Vietnam’s aviation industry, proving that Vietnamese carriers can compete at the highest international level. Vietjet’s rapid growth has helped position Vietnam as an emerging global aviation hub, attracting both tourists and business travelers.

With this latest award, Vietjet is expected to continue expanding, introducing new routes, upgrading its services, and strengthening Vietnam’s position on the global aviation map.

Northern and North Central Vietnam Face Prolonged Fog and High Humidity

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Weather Update: February 11-20

The National Center for Hydro-Meteorological Forecasting has reported that starting February 11, the Northern and North Central regions of Vietnam will experience prolonged fog, high humidity, and occasional light rain. While afternoons will see some sunshine, mornings and nights will remain damp and cold, with mountainous areas facing very cold temperatures and potential frost.

Foggy Mornings and Wet Conditions to Persist in the North

From February 11 to 12, the Northern and North Central regions will have:

Light rain and scattered fog in the early morning. Drizzle and dense fog overnight, especially in the Northeast. Cold temperatures, with mountainous areas experiencing extreme cold

From February 12 to 20, provinces such as Lao Cai, Yen Bai, Southern Son La, Hoa Binh, and the Northeast will continue to experience:

Persistent drizzle and fog overnight and in the morning. Some clearing in the afternoons, but overall cloudy skies

Hanoi and the Northern Plains

Hanoi and surrounding provinces will see: Sunshine only in the afternoons. Cloudy and gloomy weather for the next five days. Rain likely at night and early mornings on Wednesday, Thursday, Saturday, and Sunday. Maximum daytime temperature below 21°C

What’s Causing This Prolonged Wet Weather?

The dominant Southeast wind is bringing in moist air, leading to continuous fog, drizzle, and high humidity across most of the North.

On Thursday (Feb 15) and Sunday (Feb 18), a weak cold front will move eastward, reinforcing these damp conditions. However, because the cold air travels over the sea before reaching land, it carries additional moisture, intensifying rain and fog.

Mountainous Regions at Risk of Frost and Freezing Conditions

In the Northwest, conditions will be: Cold with occasional rain. Morning fog, clearing in the afternoon. Very cold temperatures in the mountains, with frost possible in high-altitude areas

Lowest temperatures: 12-15°C, but below 11°C in some locations

Highest temperatures: 18-21°C, with some areas exceeding 22°C

The Northeast and Hanoi will see:

Foggy mornings, occasional light rain. Afternoon sunshine but continued cold conditions

High-altitude regions should prepare for frost

Lowest temperatures: 12-15°C, but 8-11°C in the mountains, and below 8°C in high-altitude areas

Highest temperatures: 19-22°C

North Central Region (Thanh Hoa to Hue) Weather Update

From Thanh Hoa to Hue, expect: Light rain in some areas. Morning fog and mist. Sunshine in the afternoon in northern areas. Cold temperatures, particularly at night and in the morning

Lowest temperatures: 14-17°C, slightly warmer in southern areas

Highest temperatures: 20-23°C

Marine Weather: Strong Winds and Rough Seas

High winds and rough seas will affect multiple areas:

Gulf of Tonkin: Northeast wind at level 6, gusting to levels 7-9. Waves reaching 2-4 meters

Northeast Sea (including the Hoang Sa archipelago): Northeast wind at level 7, occasionally reaching level 8-10. Waves between 5-7 meters

Coastal areas from Quang Tri to Phu Yen, Ba Ria – Vung Tau to Ca Mau: Winds at level 6-7, gusting to levels 8-9. Waves reaching 4-6 meters

Truong Sa (Spratly Islands) and surrounding areas: Strong northeast winds. Waves between 5-7 meters

Fishermen and maritime operators are advised to take precautionary measures due to strong winds and dangerous sea conditions.

Weather Outlook for Southern and Central Vietnam

Da Nang to Binh Thuan: Northern areas: Rain and scattered showers. Southern areas: Showers at night, sunshine during the day. Temperatures: Lowest 20-23°C, highest 21-27°C

Central Highlands: Dry and sunny during the day, no rain at night. Temperatures: 16-19°C at night, 23-27°C during the day

Southern Vietnam: Sunny during the day, no rain at night. Temperatures: Lowest 22-25°C, highest 30-33°C

Key Takeaways: What to Expect This Week

Cold, foggy, and damp conditions in the North through February 20

Hanoi will remain cloudy and gloomy, with occasional night rain

Mountainous areas could see frost, with temperatures below 8°C in some places

North Central regions will have foggy mornings, cold nights, and warm afternoons

Strong winds and rough seas will impact coastal and offshore areas

Southern and Central Highlands regions will stay dry and warm

Travelers and residents are advised to dress warmly, prepare for high humidity, and take necessary precautions against cold-related health risks.

Source: National Center for Hydro-Meteorological Forecasting

78 Deaths Recorded in a Single Day as Extreme Cold Sweeps the Island

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TAIPEI, TAIWAN – A severe cold wave has gripped Taiwan, leading to 78 deaths in a single day, as temperatures in many areas plummeted to record lows over the weekend.

The extreme weather has primarily affected elderly individuals, highlighting the vulnerability of those living in homes without heating systems.

Freezing Temperatures and Rising Casualties

On the night of February 8, temperatures in the Greater Taipei area dropped below 6°C (42.8°F), marking one of the coldest nights in recent years. The majority of the 78 deaths recorded were individuals aged 54 to 89, many of whom succumbed to hypothermia, heart attacks, and strokes triggered by the sudden cold.

Prior to this, on February 7, Taiwan had already seen a rise in cold-related fatalities: Pingtung: 10 deaths. Tainan: 9 deaths. Taichung: 7 people hospitalized due to cardiac arrest (OHCA – Out-of-Hospital Cardiac Arrest)

According to Taiwan’s Ministry of the Interior and Fire Department, 1,345 cold-related deaths have been reported over the past month, as the island faces an unusually harsh winter.

Why Taiwan Is Vulnerable to Cold Weather

Unlike neighboring South Korea and Japan, where heating systems are standard, Taiwanese homes are generally built for humid and warm conditions. Many households lack central heating, leaving families particularly vulnerable to cold snaps.

Experts warn that about 70% of sudden deaths occur at home, mainly between 6 a.m. and 10 a.m., when temperatures reach their lowest point.

Government and Health Officials Urge Caution

Authorities are urging residents, especially the elderly and those with pre-existing health conditions, to take extra precautions as the cold wave persists. Doctors recommend simple measures to prevent cold-related fatalities, including: Staying indoors and dressing in warm layers. Keeping a blanket or warm coat near the bed. Gradually moving from warm to cold environments to prevent sudden blood vessel constriction. Sitting up and stretching in bed for a few minutes before standing to improve circulation

Dr. Li Yi-kung from Tzu Chi Dalin Hospital emphasizes that sudden temperature changes can trigger fatal heart conditions, making these precautions crucial for at-risk individuals.

When Will the Cold Wave End?

According to meteorologist Chang Cheng-chuan from the Central Meteorological Administration, the cold wave peaked on the morning of February 9 and will continue until February 10. Forecasts indicate: Central Taiwan: Temperatures dropping to around 10°C (50°F). Northern Taiwan: Lows of 7–8°C (44.6–46.4°F). Southern and Eastern Taiwan: Milder conditions with temperatures between 10–13°C (50–55.4°F)

A significant warming trend is expected from February 11, as the cold front weakens.

Stay Safe in the Cold

With cold-related deaths continuing to rise, officials are urging the public to remain cautious and take necessary measures to stay warm. As Taiwan battles one of its harshest winters, raising awareness and adopting simple preventive measures can help save lives.

Why Are Old Houses in Hanoi Often Painted Yellow?

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If you’ve ever wandered through Hanoi’s historic streets, you’ve likely noticed that many old buildings and villas are painted a signature shade of yellow. But why this particular color?

From an architectural standpoint, the answer lies in a combination of aesthetic vision, practical functionality, and cultural significance.

1. Aesthetic and Architectural Influence from the French Colonial Era

During the French colonial period, Hanoi saw the construction of many grand buildings inspired by French neoclassical architecture. The yellow facade was a deliberate choice—when bathed in the warm light of the Vietnamese sun, especially in autumn, these buildings would evoke the nostalgic atmosphere of Parisian streets. This was a subtle way to blend Western architectural ideals with the local urban fabric, creating a harmonious yet distinct aesthetic.

2. Practical Adaptation to Vietnam’s Climate

Hanoi’s tropical climate is characterized by high humidity and heavy rainfall, which can cause mold, stains, and discoloration on building surfaces. The yellow lime-based paint (often mixed with natural pigments) was chosen because: It masks mold and dirt, maintaining the building’s beauty over time. Lime-based paints provide a breathable surface, reducing moisture buildup. The color absorbs and reflects sunlight efficiently, helping regulate indoor temperatures.

3. Cultural Symbolism and Architectural Identity

In Vietnamese tradition, yellow represents royalty, prosperity, and power—a color long associated with palaces and temples. By choosing yellow for colonial buildings, the French inadvertently incorporated a shade deeply rooted in Vietnamese cultural heritage, making these structures feel both foreign and familiar.

A Lasting Architectural Legacy

Today, many old buildings in Hanoi retain their signature yellow hues, preserving a piece of architectural history that reflects a blend of European influence, climate adaptation, and cultural symbolism. Whether intentional or coincidental, the yellow walls of Hanoi continue to tell a story of design, function, and heritage.

Photo by Marcus Lacey

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