Vietnam Insider - Page 107 of 1523

Billionaire Pham Nhat Vuong’s technology game last year: Establishing 2 trillion-dollar ‘twin’ robotics companies, separating VinAI to prepare for capital sale?

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In the year of the Dragon, Vingroup Corporation (stock code: VIC) and billionaire Pham Nhat Vuong had a busy year in restructuring their investments. Last year, the richest man in Vietnam showed his vision when he wanted to expand Vingroup’s ecosystem into technology and robotics.

Vingroup establishes series of technology and robotics companies

In the year of Giap Thin, Vingroup established 3 new companies including Movian AI (separated from VinAI), VinMotion Multi-purpose Robot Research, Development and Application Joint Stock Company and VinMotion VinRobotics Multi-purpose Robot Research, Development and Application Joint Stock Company.

The businesses mark the group’s entry into a robotics sector that could be worth $7 trillion by 2025.

Notably, VinRobotics and VinMotion are like two “twin” companies, both with a charter capital of 1,000 billion VND, and the same shareholder structure including Vingroup holding 51%, Mr. Pham Nhat Vuong holding 39%, and Mr. Pham Nhat Vuong’s two sons , Pham Nhat Quan Anh and Pham Nhat Minh Hoang, holding 5% respectively.

Both companies are registered to do business in the main field of manufacturing industrial robots and intelligent robots for various purposes. Ms. Nguyen Mai Hoa is the legal representative of both companies.

In recent years, Vingroup has continuously promoted investment in developing capacity in the field of technology, especially high technology. The Group’s ecosystem of subsidiaries in the field of technology and industry currently has 5 members, including VinFast, VinSmart, VinAI, VinBigdata, VinHitech. Thus, if Vingroup’s two new robotics companies officially come into operation, the number of technology companies of the Group will be increased to 7 companies.

Not only Vingroup established technology and robotics companies, billionaire Pham Nhat Vuong himself also invested in establishing his own company to support this transition, especially supporting VinFast. In the past year, the richest man in Vietnam established FGF, VinDT, V-Green… with main businesses related to electric vehicles and technology to support VinFast and Vingroup.

On the selling side, Vingroup “closed the year” by selling VinBrain to Nvidia. The value of the deal was not disclosed.

Not only selling Vinbrain, in October 2024, Tech in Asia reported that Vingroup is looking to sell its shares in VinAI. VinAI was established as a research institute of Vingroup. Then, this company became a subsidiary in 2021 with a capital of 425 billion VND (17 million USD).

Vingroup divests from many real estate companies

In the year of Giap Thin, Vingroup made many historic transfer deals. A typical example is the divestment from Vincom Retail (code: VRE). Accordingly, Vingroup sold 41.5% of Vincom Retail’s capital through the transfer of 99% of SDI’s capital. Thereby, both SDI and Vincom Retail are not subsidiaries of Vingroup.

The total value of the above deal is 39,100 billion VND (equivalent to 1.56 billion USD). Vingroup has also received the entire amount.

In addition to Vincom Retail, Vingroup also sold two real estate companies with capital of up to tens of thousands of billions, NVY and VYHT. These are both secondary developers in the Vinhomes Royal Island super project in Hai Phong. The partners who bought them are foreign real estate corporations.

The past is “cut off” drastically

In fact, in the past, Vingroup was known as a company that restructured drastically. Vingroup’s first “famous” divestment deal was the sale of all shares of Vincom Securities (VincomSC).

By the end of 2019, the market was “shocked” by the news that Vingroup had swapped shares of VinCommerce, the owner of the VinMart supermarket chain and VinMart+ convenience stores, with Masan Group (stock code MSN), officially saying goodbye to the retail sector.

Vingroup also sold VinEco to Masan Group in this deal. In addition to selling VinCommerce or VinEco to Masan Group, billionaire Pham Nhat Vuong’s company has decided to close the VinPro electronics and technology store chain and the Adayroi e-commerce platform.

In early 2020, Vingroup suddenly announced the suspension of the Vinpearl Air project, withdrawing from the air transport business, in order to focus maximum resources on strategic goals of technology and industry.

The decision was made less than half a year after the group announced its first steps and just 7 months before Vinpearl Air took off, according to the previously announced plan.

Since 2009, Vingroup has opened and closed many projects: VinDS (a system of clothing and footwear stores in Vincom shopping malls), Vinlink, VinExpress (logistics), Emigo (VinFashion fashion company)…

Source: cafef.vn

After Lunar New Year, workers prepare to welcome a 5-day holiday

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Due to the exchange of working days, employees will have 5 days off on the occasion of Victory Day April 30 and International Labor Day May 1.

According to the announcement of the Ministry of Labor, War Invalids and Social Affairs, workers will have 5 days off for the Victory Day of April 30 and International Labor Day of May 1.

Accordingly, civil servants, public employees, and workers will have their working days changed from Friday, May 2 to Saturday, April 26 and will have 5 days off, from April 30 to May 4.

On the occasion of National Day 2025, officials, civil servants, public employees and workers will have 4 days off, from August 30 to September 2.

Workers get 5 days off on the occasion of Victory Day April 30 and International Labor Day May 1.

Agencies and units that do not have a fixed schedule of Saturday and Sunday every week must arrange a suitable schedule of holidays in accordance with the provisions of law based on the specific program and plan of the unit.

However, employers need to ensure full implementation of the regimes for employees according to the provisions of law; encourage agreements that are more beneficial to employees.

For employees who are not cadres, civil servants, public employees, and employees of administrative agencies, public service agencies, political organizations, and socio-political organizations, the employer decides to choose a holiday plan appropriate to the actual situation.

The Ministry of Labor, War Invalids and Social Affairs encourages employers to apply the National Day, Victory Day, April 30 and International Labor Day, May 1, 2025 holidays for employees as prescribed for civil servants and public employees.

Cambodia destroys a series of drug trafficking rings, arrests 1,300 people

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Cambodian authorities arrested more than 1,300 suspects in 539 drug cases in January, while in Thailand, authorities made a record drug seizure.

The Cambodian Drug Enforcement Agency (ADP) said on February 1 that from January 1 to January 31, the country had arrested 1,311 suspects in 539 drug- related cases , seizing more than 423 kg of illegal drugs. The report said that 56% of the suspects were drug dealers, possessors and transporters, while 44% were drug users, Khmer Times reported.

Most of the drugs seized were ketamine, crystal methamphetamine, methamphetamine pills , ecstasy, heroin and cocaine. Cambodia does not have the death penalty for drug traffickers. Under the country’s law, people convicted of trafficking more than 80 grams of illegal drugs can be sentenced to life in prison.

Amount of drugs seized by authorities in Cambodia PHOTO: KHMER TIMES

On January 31, ADP also announced the arrest of a foreigner for illegal drug possession and transportation, seizing more than 47 kg of drugs. According to Xinhua, the suspect is a 27-year-old man who was caught red-handed at an apartment in the capital Phnom Penh on January 29. Cambodian authorities also seized a pistol , 20 bullets and some drug paraphernalia from the suspect.

In 2024, Cambodia arrested more than 27,000 drug-related suspects, including 1,045 foreigners in 16 countries, seizing nearly 15 tons of illegal drugs.

Another Southeast Asian country, Thailand, also reported a record drug seizure in January. According to AFP, Thai authorities said on January 20 that they had discovered and seized more than 1.5 tons of crystal methamphetamine at a warehouse in the Thai city of Bangkok. Four people were arrested at the scene.

On January 30, Thai Prime Minister Paetongtarn Shinawatra announced the launch of an anti-drug campaign to tackle drug trafficking in 51 border districts in 14 provinces, starting in February and expected to yield results within six months. “Drugs hinder people’s potential. If we end this problem, the potential of Thai people will be restored,” Bangkok Post quoted Ms. Paetongtarn as saying.

In 2025, will Hanoi apartment prices still be ‘hot’?

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Hanoi apartment prices have just gone through a year full of fluctuations with continuous skyrocketing increases. What do experts predict about this market when entering 2025?

In 2024, the Hanoi apartment segment witnessed a rapid price increase, reaching more than 70 million VND/m2 by the end of the third quarter, with many mid-range projects even having prices pushed up to 100 million VND/m2. There are no more projects on the market priced below 60 million VND/m2, including old projects. During the fever, prices increased daily and weekly. It is worth noting that despite the high prices, liquidity is still good and there are still buyers.

The growth momentum will slow down in 2025

However, according to Associate Professor Dr. Dinh Trong Thinh, by 2025, the increase in apartment prices in Hanoi will slow down, the market will tend to be more stable, no longer “hot” as in the past. Accordingly, the cash flow of buyers will tend to shift from areas with high prices to areas with more competitive prices and more room for growth. Apartments will give up the leading position to other types such as private houses, townhouses, land plots…

Mr. Nguyen Van Ngoc, Chairman of the Board of Directors and General Director of RB Group Corporation, also analyzed that the type of apartment buildings with real use value (for living or renting) has increased sharply in price in recent years. In addition, the factors pushing up the price of apartments in Hanoi in recent times are also due to the impact of the new land price list, increased construction material costs and investors upgrading utilities to meet the needs of buyers.

Apartment prices in 2025 are forecast to be difficult to decrease but will no longer increase “hotly”. (Illustration: Minh Duc).

By 2025, although real estate prices may continue to increase next year, the growth rate will be slow due to signs of slowing purchasing power in the context of limited new supply, more time needed to resolve legal problems, and the new high price level increases transaction and investment costs.

Similarly, Ms. Nguyen Hoai An – Director of CBRE Hanoi – said that the apartment market in Hanoi is gradually relieving the “thirst” for housing supply shortage. Prices will not decrease but will no longer increase “hotly” like in the recent period, the increase is about 5-8% compared to 2024. Currently, apartment products for living and investment are quite diverse, the price level is higher than previous years. Therefore, waiting for housing prices to decrease is not feasible.

According to the expert, real estate prices can only decrease when there is excess supply, slow demand growth affecting market liquidity, affecting selling prices, or there are major fluctuations in the macro economy, financial markets, economic growth…

In Vietnam, although the economy is currently growing steadily, interest rates, inflation, and exchange rates are controlled at reasonable levels, the housing supply is still in a state of shortage and imbalance between segments… Therefore, in the short term, it is very difficult for real estate prices to decrease.

CBRE’s report also forecasts that in 2025, the supply of new apartments could reach over 30,000 units. Prices will not decrease but will no longer increase as rapidly as in the recent period, possibly only increasing by 5-8% compared to 2024. As of the end of the third quarter of 2024, Hanoi has had 4 consecutive quarters of rapid apartment price increase, reaching 26% year-on-year.

Mr. Dinh Minh Tuan – Business Director of PropertyGuru Vietnam also commented that in 2024, nearly 67% of new supply in the market will be in the high-end and luxury segment in Hanoi. It is forecasted that in 2025, the primary segment in Hanoi with prices below 50 million VND/m2 will disappear.

” The price level of apartments in the coming time is very difficult to decrease. However, the market next year will be stable and stay at a high level, not as hot as it is now ,” Mr. Tuan commented.

Continue to lead the market

It is predicted that apartment prices will not be as hot as in 2024, but experts still believe that this type of apartment meets the real needs of buyers and will continue to lead the market in 2025.

According to Mr. Tran Minh Tien, Director of OneHousing Center for Market Research and Customer Insight, in 2025, apartments will continue to be the leading type of real estate market in Hanoi.

Explaining this issue, Mr. Tien said that every year Hanoi increases by 200,000 people, the demand for housing is increasing. Apartments are a real type of housing with a relatively affordable price compared to ground-level houses, and legal procedures for bank loans are easier for apartments with certificates. Within the budget of 3-5 billion VND, apartments will still be “favored” when most projects are located on wide roads, fire prevention is guaranteed, and there are many internal and surrounding facilities.

In addition, the quality of the project is also what helps apartments compete with other types of products. According to Mr. Tien, with fierce competition and increasing customer demand, investors are increasingly paying more attention to construction quality and handover standards, along with many preferential sales policies with loan interest support packages and payment extensions. This has recently helped apartments become a new investment channel, attracting more customers to buy for investment to accumulate and increase assets, helping to significantly increase absorption in the market.

Meanwhile, Mr. Tran Quang Trung, Business Development Director of OneHousing, also believes that in 2025, apartments will still be a product that meets the needs of cash flow investment and investment waiting for price increase. ” Apartments are a segment with a moderate total price, many people can participate in investment, besides, the demand for apartment products in the future is still very high ,” said Mr. Trung.

In addition, if considering the same investment level, apartment products are showing superior values compared to townhouses and residential land products in terms of rental yield and price increase rate. Specifically, the profit margin of apartments is currently the highest in the market, averaging over 30%/year.

Source: vtcnews.

Hanoi has cold rain on the first working day after Tet and weather forecast for the whole country in the next 10 days

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Today, the first day workers return to work after the Lunar New Year holiday, the lowest temperature in Hanoi is forecast to be 12°C with scattered rain, followed by rain in some places.

Currently, cold air has affected the Northeast. Today and tonight, February 3, this cold air mass continues to affect the Northwest, North Central, Central Central and some places in the South Central.

The North and North Central regions are cold all day, especially in the mountainous regions of the North, it is very cold, some places are very cold, from Quang Binh to Hue it is cold from night.

The lowest temperature in this cold air mass in the North and Thanh Hoa, Nghe An is commonly 11-14°C, in the mountainous areas of the North 8-10°C, in the high mountainous areas below 6°C in some places, from Ha Tinh to Hue 15-18°C.

Also on February 3, the North and North Central regions will have scattered rain and showers. From the morning of February 3 to February 4, the Central Central region will have rain and showers, with some places experiencing moderate to heavy rain and thunderstorms.

High mountain areas are likely to experience severe cold. During thunderstorms, watch out for tornadoes, lightning and strong gusts of wind.

Cold air is coming, today Hanoi has the lowest temperature of 12°C, scattered rain, after that it will rain in some places. (Illustration: Khong Chi)

Weather forecast for the next 10 days nationwide

The National Center for Hydro-Meteorological Forecasting said that tonight and tomorrow, February 4, the North and North Central regions will have rain in some places. It will be cold, with severe cold in the mountainous areas of the North, and some places will be extremely cold.

In the next 24 to 48 hours, the Central Central region will have rain, showers, locally heavy rain and thunderstorms. Other areas will have no rain at night and sunny days.

Weather forecast from the night of February 4 to February 12, the meteorological agency said that the North will have rain in some places, with scattered fog and light fog in the early morning, and sunny weather in the Northwest in the afternoon. On February 7-8 and February 10-11, this area will have scattered rain and showers. It will be cold, with severe cold in mountainous areas and severe cold in some places. On February 5-7, it will be cold at night and in the morning.

Northern and Central Central regions have rain in some places, early morning there is scattered fog and light fog, sunny in the afternoon. Of which, on the night of February 4 and on February 8-10 there will be rain, showers, locally moderate rain, heavy rain and thunderstorms. In the North, it will be cold on the night and morning of February 5-7.

Weather forecast for regions across the country during the day and night of February 3, 2025

Hanoi has scattered rain in the morning, then rain in some places. Northeast wind level 3. Cold weather. Lowest temperature 12-14°C. Highest temperature 16-18°C.

In the Northwest, there will be scattered showers during the day and rain in some places at night. Light wind. Cold weather, some places will be very cold. Lowest temperature 12-15°C, some places will be below 10°C. Highest temperature 16-19°C, some places will be above 21°C.

In the Northeast, there will be scattered showers in the morning and rain in some places later. Northeast wind level 3, coastal areas level 3-4. Cold weather, severe cold in mountainous areas, some places with severe cold. Lowest temperature 11-14°C, mountainous areas 8-10°C, high mountainous areas below 6°C in some places. Highest temperature 15-18°C.

From Thanh Hoa to Hue, there will be rain and showers, in the South, there will be some places with moderate rain, heavy rain and thunderstorms. Light wind. In the North, it will be cold, in the South, it will be cold in the morning and at night. During thunderstorms, there may be tornadoes, lightning and strong gusts of wind. The lowest temperature in the North is 13-15°C, in the South is 16-18°C. The highest temperature in the North is 18-20°C, in the South is 21-24°C.

From Da Nang to Binh Thuan in the North, there will be rain, showers, some places will have moderate rain, heavy rain and thunderstorms. In the South, there will be showers in some places, sunny during the day. Northeast wind level 2-3. In the North, it will be cold in the early morning and at night. During thunderstorms, there is a risk of tornadoes, lightning and strong gusts of wind. The lowest temperature in the North is 18-20°C, in the South is 21-23°C. The highest temperature in the North is 25-28°C, in the South is 27-30°C, in some places over 30°C.

Central Highlands sunny during the day, no rain at night. Light wind. Early morning and night cold. Lowest temperature 14-17°C, some places below 14°C. Highest temperature 28-31°C, some places above 31°C.

Southern region: sunny during the day, no rain at night. Northeast wind level 2-3. Lowest temperature 21-24°C, some places below 20°C. Highest temperature 30-33°C, some places above 33°C.

Source: vtcnews.vn

Summary of Southeast Asian car market in 2024: Thailand lost 2nd place, Vietnam ranked 5th

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A terrible year of decline in the Thai car market caused them to lose the number 2 position in the region to Malaysia.

Declining purchasing power in the region has caused many large markets such as Thailand and Indonesia to see sales decline in 2024 – Photo: Wapcar

As of early February, vehicle sales figures for major Southeast Asian markets have been fully released. The overall trend in leading markets is downward, such as Indonesia, Thailand and to some extent Malaysia. In contrast, the two markets at the bottom of the top 5, the Philippines and Vietnam, are showing signs of improvement.

For Thailand, the 2024 sales that this market achieved were 572,675 vehicles – a sharp decrease of 26.2% compared to 2023. This is also the lowest sales level that this market has witnessed in the past 14 years.

A major problem with the decline is that the Thai auto industry is structured to meet the demand of at least 600,000 vehicles sold per year. If sales fall below that level, many suppliers and parts companies could be at risk of closing.

Pickup trucks – the leading segment in the Thai market for many years, also failed to maintain growth momentum and declined along with the general trend in 2024 – Photo: Isuzu

Most car brands present in Thailand are down because of the above-mentioned sharp decline. Car brands that rely heavily on pickup trucks (Thailand’s number 1 segment) are down the most, such as Isuzu (-43.7%) or Ford (-42.7%). Major car brands such as Toyota (-17.1%), Honda (-18.8%) or Chinese cars such as MG (-36.9%), BYD (-11.2%) also suffer the same fate.

In Southeast Asia’s most populous country, Indonesia, their 2024 car sales reached 865,723 units, which is higher than the original revised target (1.1 million to 850,000 units) but still down 13.9% compared to 2023.

Leading car manufacturers in this market are Toyota (-14.2%), Daihatsu (-13.3%), Honda (-31.8%), Mitsubishi (-6.7%) and Suzuki (-17.6%) all recorded declining sales. Due to the decrease in purchasing power, Indonesia also only set a target of selling 750,000 – 900,000 cars in 2025.

Toyota is still the leading brand in most Southeast Asian markets but cannot escape the decline – Photo: Toyota

In Malaysia, sales of major car brands also decreased in 2024, however, the “domestic” brand Perodua grew strongly, helping this market have non-negative sales.

Specifically, total car sales in Malaysia were 816,747 units in 2024, a slight increase of 2.1%. Perodua accounted for nearly half of the sales with 385,102 units – a new record sales, equivalent to an increase of 8.4%.

Meanwhile, Toyota decreased by 5.2%, Mitsubishi decreased by 25.6%, Mazda decreased by 24.9%, Nissan decreased by 23.5%, only Honda grew along with Perodua with an increase of… 2%.

Malaysia, without Perodua, would have had a year of decline along with Thailand and Indonesia – Photo: Borneo Post Online

Another major market in the region, the Philippines, is expected to see more consistent growth rather than relying on a single automaker. In 2024, the country will see 467,252 vehicles, up 8.7% from 2023.

The leading car manufacturers in the country are Toyota (accounting for nearly half of the market share at 46.66%), Mitsubishi (19.07%), Ford (5.99%), Nissan (5.73%) and Suzuki (4.36%).

In this group, 3 Japanese brands except Nissan all grew around 10% while Ford decreased 10.6% and Nissan decreased slightly by 1.3%.

Previously in mid-January, the Vietnam Automobile Manufacturers Association (VAMA) announced that total domestic sales in 2024 were estimated at 340,142 vehicles, up 12.6% compared to 2023. This is a stable result considering that the domestic market decreased by 25% in the previous year.

Thus, in terms of total sales, Indonesia still leads the Southeast Asian region while Malaysia rises to second place, far surpassing Thailand in third place. The Philippines ranks fourth while Vietnam ranks fifth.

Source: tuoitre.vn

What does Vietnamese football expect in 2025?

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After winning the 2024 ASEAN Cup, the biggest goal of Vietnamese football in 2025 is to win the gold medal in men’s football at the 33rd SEA Games in Thailand in December.

Bui Vi Hao in the Vietnamese national team jersey at the ASEAN Cup 2024 – Photo: HOANG TUNG

Vietnamese football will have a busy year in 2025. In addition to the Vietnamese national team having to perform well in the final qualifying round of the 2027 Asian Cup, the national U22 team must also achieve good results in the qualifying round of the 2026 Asian U23 Championship and the 33rd SEA Games.

Give young players a chance

The championship of the Vietnam team at the ASEAN Cup 2024 not only brings excitement to Vietnamese football in the first days of the new year but also makes Vietnamese fans more hopeful. In particular, continuing to bring U22 Vietnam to the championship in Thailand is what everyone is waiting for coach Kim Sang Sik and his team to bring in 2025.

Of course, winning the gold medal in men’s football at the 33rd SEA Games is not easy for Thailand – which has home field advantage and a quality young squad. Not to mention Indonesia with the U21 team played quite well at the 2024 ASEAN Cup, although they do not have their full strength, which is also a big challenge.

But both coach Kim Sang Sik and the Vietnam Football Federation (VFF) are still confident in their preparations for the gold-hunting campaign. Because the list of young talents in the age group of the 33rd SEA Games to monitor in the V-League or the 2024-2025 First Division, preparation for the training plan and participation in friendly tournaments has been prepared by the Korean coach and the VFF since the end of last year.

It is worth mentioning that many clubs in the V-League or the First Division also create many conditions for young players to compete on the field to help coach Kim Sang Sik find and select the best players for the Vietnam U22 team.

Among them, Hoang Anh Gia Lai is the club that shows the most clearly by trusting many young players such as goalkeeper Tran Trung Kien, center back Pham Ly Duc and Nguyen Van Trieu in phase 1. Recently, the mountain town team has just added 4 more faces who won the 2024 National U21 Championship for phase 2.

Talking about Vietnamese football in the new year, commentator Vu Quang Huy hopes: “The 2024 ASEAN Cup championship will make the V-League more exciting. Young players also promise to be given more opportunities to continue to conquer the 33rd SEA Games gold medal.”

“Since the time of coach Philippe Troussier, he has brought many young players to the national team to gain experience. Currently, in the V-League, there are about 50 players who can play in the 33rd SEA Games, they seize the opportunity quickly. In the year of the SEA Games, young players will often make an effort, considering this an opportunity to show themselves and reach new heights.

We have often witnessed cases of young players progressing very quickly in just one year, so from now until the 33rd SEA Games, U22 Vietnam will probably have many impressive new faces,” Mr. Vu Quang Huy added.

Vikto Le celebrates his goal in the National Cup – Photo: VPF

Resilience for young players

At the age of 18, Nguyen Manh Hung has worn the U23 Vietnam shirt to win the 2023 Southeast Asian U23 Championship. But to be able to attend the 33rd SEA Games at the end of this year, this 1m77 tall central defender will have to make more efforts to play for The Cong – Viettel Club in the 2024-2025 V-League, thereby catching the eye of coach Kim Sang Sik. Because up to now, Manh Hung has only been on the field as a substitute twice since the beginning of the tournament. However, the effort to practice and the desire to play are always ready in this young player.

Manh Hung shared: “Going to the SEA Games and the U23 Asian qualifiers is the desire of many people. So anyone, including me, will try their best to have the opportunity to contribute to the country’s football.”

Among the young players planned early for the 33rd SEA Games, striker Bui Vi Hao emerged as a pillar of the U22 Vietnam team. He was given the opportunity to play many times for the Vietnam national team in the 2024 ASEAN Cup, playing quite well with 1 goal and 1 assist. The fact that he has never attended a SEA Games makes Bui Vi Hao even more eager and determined to contribute to Vietnamese football.

The player currently playing for B.Binh Duong Club expressed: “After winning the ASEAN Cup 2024, my goal this year is the 33rd SEA Games. Every player wearing the national team jersey has a great responsibility, so I will have to try my best. Missing the previous two SEA Games will be a great motivation for me to compete for a place in the upcoming 33rd SEA Games. I will try to compete and fight to win, bringing joy to the country”.

Waiting for a new wind in U22 Vietnam

Similar to naturalized striker Nguyen Xuan Son in the Vietnam national team at the ASEAN Cup 2024, the Vietnam U22 team at the 33rd SEA Games promises to have another new breeze from overseas Vietnamese resources, Le Khac Viktor (Viktor Le) – a player who just obtained Vietnamese nationality at the end of last year.

Viktor Le was trained at Toperdo Moscow and the famous CSKA Moscow academy. His father is Vietnamese and his mother is Russian. In the 2024-2025 season, he is showing impressive form for Hong Linh Ha Tinh Club in both V-League and National Cup.

“It would be great if coach Kim Sang Sik chooses Viktor Le to attend the SEA Games. After 10 years, we will have another overseas Vietnamese face attending the SEA Games, after the case of Mac Hong Quan at the 2015 SEA Games in Singapore,” commented commentator Vu Quang Huy.

Source: tuoitre.

Top 3 localities with the highest tourism revenue during Lunar New Year

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Ho Chi Minh City, Hanoi, and Quang Ninh are the three names that won the top positions in tourism revenue during the recent Lunar New Year holiday.

People come to Ho Van (Temple of Literature – Quoc Tu Giam) to ask for the first words of the year – Photo: NGUYEN HIEN

According to a quick report from the Vietnam National Administration of Tourism, during the Lunar New Year , the country’s tourism industry is expected to welcome and serve 12.5 million domestic visitors.

This year, the Lunar New Year holiday lasts 9 days and with favorable weather, tourism activities are vibrant and bustling in almost all tourist destinations across the country.

Three provinces and cities have the highest revenue during Tet holiday tourism season

Tourists tend to choose famous heritage, spiritual and cultural destinations in the following localities: Da Lat, Nha Trang, Phu Quoc, Da Nang, Ho Chi Minh City, Vung Tau, Hanoi, Mui Ne, Hoi An, Sa Pa.

In addition, destinations in the northern mountainous region also attract many visitors from the South.

The trend of independent travel, small groups, families, and self-booking services at destinations continues to increase, especially at destinations close to source markets in Hanoi and Ho Chi Minh City.

The average room occupancy rate at some destinations reached quite high levels during peak days: Sa Pa reached about 90 – 95%; Kien Giang estimated at 73.4%; Ho Chi Minh City estimated at 65%; Hue City estimated at 63%…

The three localities that hold the top positions in the country in terms of number of visitors and tourism revenue include: Ho Chi Minh City, Hanoi and Quang Ninh.

Holding the first position in both the number of visitors and tourism revenue during the 9-day Lunar New Year holiday is Ho Chi Minh City with 2.1 million arrivals, total revenue estimated at about 7,690 billion VND.

Next is Hanoi with total revenue from tourism activities of over 3,500 billion VND, welcoming about 1 million visitors.

Quang Ninh ranked third with 969,000 visitors, earning more than VND 2,660 billion, up 71% over the same period in 2024.

This Tet, Vietnamese tourists also love foreign tours to markets such as China, Taiwan, Japan, Korea, Thailand, Singapore…

The number of international visitors also increased in some localities such as Quang Ninh (228,700 arrivals), Da Nang (228,000 arrivals), Quang Nam (157,000 arrivals), Hanoi…

Some localities with international seaports have organized to welcome cruise ship tourists during the Lunar New Year: Da Nang welcomed the Crystal Symphony and Silver Dawn ships carrying 1,800 American and British tourists; Quang Ninh welcomed four cruise ships Mediteranea, Celebrity Solstice, Silver Dawn and Crystal Symphony with a total of 6,000 tourists and 4,000 crew members to “break ground”…

Source: tuoitre.vn

Azerai Celebrates Valentine’s Day with Special Romantic Stay Packages in Vietnam

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Exclusive offers at beachside Azerai Ke Ga Bay and riverfront Azerai La Residence, Hue

KE GA BAY, Vietnam (Feb. 3, 2025) – This Valentine’s Day, Azerai Resorts in Vietnam invites couples to escape into a world of romance with exclusive two-night stay packages, including special in-room decor, along with fresh flowers, wine and more to set the mood for love.

The beachside Azerai Ke Ga Bay in southern Vietnam and the historic Azerai La Residence, Hue in central Vietnam have unveiled special packages to celebrate the occasion.

Azerai Ke Ga Bay

At Azerai Ke Ga Bay, couples will enjoy romantic Valentine’s room decor, including a bottle of wine, a delectable chocolate set and an exquisite floral bouquet, in addition to daily breakfast, daily Vietnamese Afternoon Tea, and a 60-minute couples spa treatment per stay. The package also includes an ocean-view romantic dinner for two.

The Azerai Valentine Romance package features a minimum two-night stay for bookings between Feb. 7-24, and is priced at VND 17,300,000++ (for two nights).

Azerai Ke Ga Bay, located a comfortable 2.5-hour drive from Ho Chi Minh City on a new highway, is nestled amongst 4.5 hectares of lush gardens, framed to the east by Hon Ba Island with its historic lighthouse and to the west by soaring sand dunes. This unique and picturesque location provides a tranquil setting, ideal for relaxation and rejuvenation.

For more information or to make a booking at Azerai Ke Ga Bay, call +84 (0) 252 3682 222, email reservations.kegabay@azerai.comor visit azerai.com/azerai-ke-ga-bay/.

Azerai La Residence, Hue

Guests at Azerai La Residence, Hue in central Vietnam are invited to experience an exclusive two-night stay package with accommodation and breakfast for two, along with rose wine in the room, a delicious chocolate set and a floral bouquet. The package also includes a 60-minute couples spa treatment and a very special romantic dinner overlooking the Perfume River.

The Azerai Valentine Romance package features a minimum two-night stay for bookings between Feb. 7-24, and is priced at VND 17,300,000++ (for two nights).

Azerai La Residence, Hue, with 122 rooms and suites, is centered on a colonial mansion that was built in 1930 as part of the residence of the French Resident Superieur. The mansion’s distinctive façade, including its long horizontal lines and nautical flourishes, are hallmarks of the streamline moderne school of art deco architecture.

For more information or to make a booking, call +84 (0) 234 3837 475, email reservations.laresidence.hue@azerai.com or visit azerai.com/azerai-la-residence-hue/.

ABOUT AZERAI

Azerai is a distinctive story and brand of resorts offering guests elegance, refined design, and discreet and attentive service in places of unique beauty and cultural interest. The brand was formed by hotelier Adrian Zecha, and the name is derived from Zecha’s initials and the latter part of a Persian word, caravanserai, which references the storied old inns of the Middle East.

VIETNAMESE BEAUTY COMMANDS THE RUNWAY AND FRONT ROW AT PARIS FASHION WEEK HAUTE COUTURE

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World-renowned catwalk producer and Vietnamese supermodel Jessica Minh Anh captivated Paris Fashion Week Haute Couture this season, first as a warrior queen on Franck Sorbier’s catwalk, then transforming into a blonde goddess on the front row at Yuima Nakazato and Peet Dullaert’s shows.

As the lights dimmed and anticipation filled the room, all eyes turned to the grand staircase at the Franck Sorbier show. A vision of power and poise, Jessica Minh Anh debuted as the first catwalk model, commanding attention in a dramatic floor-length black gown while wielding a large wooden staff adorned with teeth and claws. Her avant-garde ensemble combined a structured sleeveless top with intricate fabric compression, accentuating her waist, and a skirt of floating silk chiffon panels. Blending raw strength with primal elegance, Jessica’s deliberate movements down the staircase and across the catwalk radiated undeniable authority, setting the tone for the show.

Her bold, edgy updo, accented with her signature fringe, added a mystical dimension to her striking silhouette. The makeup, featuring feathery lashes and extended eyeliner, further amplified the intensity of the look, while wooden shoes with a black geometric pattern offered a modern contrast to the natural elements of the staff.

Jessica’s magnetic presence defined the unveiling of the “Barbarian Symphony” collection, a powerful homage to the Israeli and Palestinian women’s movement, Women Wage Peace.

Minutes after the show, Jessica Minh Anh transformed into a blonde goddess exuding ethereal charm. Her voluminous, textured hairstyle balanced structure and flow, with a soft, cloud-like halo and cascading waves framing her face and shoulders.

Supporting Yuima Nakazato from the front row, Jessica continued her longstanding admiration for Japanese designers and artistry. With over a decade of collaboration with Japanese fashion icon Yumi Katsura — fronting her bridal campaigns and walking her runways in Paris and New York — Jessica deeply appreciates Japanese heritage and craftsmanship.

“Yuima Nakazato’s profound storytelling with the ‘Fade’ collection transported us into a world where nature and urban landscapes seamlessly intertwined. He masterfully pushes the boundaries of couture while staying deeply connected to emotion and transformation,” Jessica Minh Anh shared.

Jessica Minh Anh appeared at Peet Dullaert’s show on the final day of Paris Fashion Week Haute Couture, wearing the designer’s signature black, sculpted one-shoulder bodice paired with a flowing pastel pink skirt. The soft fabric brought a delicate, ethereal touch, while statement brooches at the neckline and split skirt added glamour. Her playful long wavy blonde hair with two buns and doll-like makeup perfectly complemented the ensemble, blending high-fashion elegance with youthful individuality.

Jessica’s look embodied the fluidity and form of Dullaert’s “V symbol of the sacred Feminine” collection. The designer described it as a celebration of people, focusing on cuts that mold to the body to embrace it, not claim it.

Jessica Minh Anh’s career as a trailblazing fashion show producer, combined with her transformative presence as a model, underscores her global appeal. The innovative, tech-savvy entrepreneur is set to stage another spectacular catwalk in Paris, rivaling her iconic productions on landmarks such as the Eiffel Tower, Grand Canyon Skywalk, JFK Airport, and the Hoover Dam.

Hair: Anne Arnold, Lucy Lassalle | Makeup: Everton Freire, Alexandre de Paris

Photo: Sharon Sgroi, Sara Finezzo

Severe Traffic Congestion in Hanoi as Residents Return from Tet Holiday

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Hanoi’s main entry points experienced heavy congestion on Saturday afternoon as large numbers of people returned to the city following the 2025 Lunar New Year (Tet) holiday. The influx of vehicles caused severe bottlenecks at multiple gateways.

Starting around 4:00 pm on the eighth day of the nine-day Tet holiday, major routes leading into the capital, including the Phap Van-Cau Gie expressway at the southern entrance, saw traffic slow to a crawl. According the report, vehicle queues stretched nearly three kilometers. Many frustrated drivers attempted to bypass the congestion by using emergency lanes, which only worsened the situation.

Similar gridlock was reported on Beltway 3 and Thanh Tri Bridge, where a massive volume of vehicles moved sluggishly toward the city center. Co Linh Street, a key eastern gateway into Hanoi, also became heavily congested, turning into another major bottleneck.

Among the commuters navigating the traffic on Co Linh Street was 32-year-old Nguyen Van Bao, who was heading toward Vinh Tuy Bridge. He explained his early return, saying, “Although the Tet holiday isn’t over, I want some time to rest before work resumes. Tomorrow, I plan to take my kids out in Hanoi before they go back to school.”

To ease the congestion, Hanoi’s traffic police deployed officers at critical intersections to regulate the flow of vehicles and handle incidents promptly. Meanwhile, the Traffic Police Department under the Ministry of Public Security has warned that return traffic to Hanoi is expected to intensify in the coming days.

In response, authorities plan to increase the deployment of mobile patrol teams and coordinate closely with local traffic police to improve traffic management.

Vietnam’s Internet Speed Breaks into Global Top 40 for the First Time

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Vietnam has officially entered the global top 40 for both mobile and fixed broadband speeds, marking a significant milestone in the country’s digital infrastructure development.

According to the latest Ookla Speedtest rankings, Vietnam’s average mobile Internet download speed reached 86.96 Mbps in December 2024, the highest ever recorded and a 60% increase from September 2024. This impressive growth propelled Vietnam up seven places from the previous month to 37th globally in mobile network speed.

For the first time, both Vietnam’s mobile and fixed broadband networks have secured positions in the top 40 worldwide. Fixed broadband speeds, which had already entered the rankings in June 2024 with 136 Mbps, have now risen to 159.32 Mbps, placing Vietnam 35th globally in this category.

Data from the Vietnam Internet Network Information Center (VNNIC) shows that mobile Internet speeds currently average 67.85 Mbps, while fixed broadband reaches 130.91 Mbps. Despite these advancements, a considerable gap remains between download and upload speeds, with average upload speeds hovering around 25 Mbps, as measured by both VNNIC and Ookla.

5G Expansion Drives Speed Surge

The rapid improvement in Internet speed coincides with the commercial rollout of 5G services by domestic telecom providers. Over the past three months, 5G coverage has expanded, significantly boosting mobile connectivity.

Leading telecom provider Viettel reported in mid-December that 70% of subscribers in 5G coverage areas—equivalent to 4 million users—have adopted the new-generation network. Meanwhile, VNPT launched its commercial 5G service on December 20, operating on the 3,700–3,800 MHz band. Speed tests conducted by users have recorded 5G download speeds between 1.5 and 1.9 Gbps, more than 10 times faster than 4G networks.

Government Targets Nationwide 5G Coverage by 2025

Vietnam’s Digital Infrastructure Strategy, approved in October 2024, sets ambitious goals for 5G expansion. By 2025, all provinces, cities, high-tech parks, IT hubs, R&D centers, innovation zones, industrial parks, major seaports, and airports are expected to have full 5G coverage. By 2030, 99% of Vietnam’s population will have access to 5G mobile broadband.

Vietnam Outpaces Global Averages

Vietnam’s Internet speeds now exceed global averages. According to Ookla’s latest data, the global average download speed is 62.79 Mbps for mobile networks and 96.45 Mbps for fixed broadband, both of which are lower than Vietnam’s current speeds.

At the top of the global rankings:

UAE leads in mobile Internet speeds, reaching 453.87 Mbps
Singapore dominates fixed broadband, boasting 330.98 Mbps.

Vietnam’s rapid ascent in Internet speed rankings reflects the country’s ongoing investment in digital transformation and telecommunications infrastructure, positioning it as a rising player in the global digital economy.

Vietnam Emerges as a Rising Economic Power in Asia, Ranked 12th Among Top 15 Economies

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Vietnam has solidified its position as one of Asia’s most dynamic and rapidly growing economies, securing the 12th spot in the regional ranking of the top 15 economies, according to a recent report by the statistical visualization platform Seasia Stats. With a projected economic output of approximately 506 billion USD in 2025, Vietnam is poised to continue its impressive trajectory as a rising economic force in Southeast Asia.

A Rapidly Growing Economy

Vietnam’s ascent in the regional rankings is fueled by its explosive manufacturing growth and robust foreign investment. The country has become a global manufacturing hub, attracting significant investments from multinational corporations seeking to diversify their supply chains. This has been complemented by the government’s proactive economic reforms, improved infrastructure, and a young, increasingly skilled workforce.

Seasia Stats projects Vietnam’s economy to grow by 7% in 2024, one of the highest growth rates in the region and the world. This remarkable pace underscores Vietnam’s resilience and adaptability, even amid global economic uncertainties. The country’s ability to maintain such growth has positioned it as a standout performer in Southeast Asia, trailing only regional heavyweights like Indonesia, Singapore, Thailand, and the Philippines.

Regional Context: Southeast Asia’s Economic Landscape

While Vietnam’s economic achievements are impressive, it operates within a highly competitive regional landscape. Indonesia, the largest economy in Southeast Asia, is projected to reach an economic size of 1.5 trillion USD in 2025, driven by its abundant natural resources and a rapidly expanding middle class. Singapore, renowned for its world-class financial services sector and strategic geographical location, is expected to achieve an economic output of 562 billion USD, placing it ninth in the regional ranking.

Thailand and the Philippines follow closely, with projected economic sizes of 545 billion USD and 508 billion USD, respectively. Both nations benefit from diverse economic drivers, including thriving tourism industries, robust manufacturing sectors, and young, dynamic populations. Vietnam’s ability to compete with these established economies highlights its growing influence and potential.

Vietnam’s Competitive Edge

Vietnam’s rise can be attributed to several key factors. First, its manufacturing sector has become a cornerstone of the economy, with the country emerging as a major exporter of electronics, textiles, and footwear. The government’s focus on improving the business environment and attracting foreign direct investment (FDI) has also played a critical role. Additionally, Vietnam’s participation in free trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), has further integrated it into global supply chains.

Another significant advantage is Vietnam’s demographic dividend. With a median age of just 32 years, the country boasts a young and increasingly educated workforce, which is essential for sustaining long-term economic growth. This demographic advantage, coupled with ongoing investments in education and technology, positions Vietnam well for future challenges and opportunities.

Challenges and Opportunities Ahead

Despite its impressive growth, Vietnam faces several challenges that could impact its economic trajectory. Infrastructure development, while improving, still lags behind some of its regional peers. Additionally, the country must address environmental concerns, particularly as rapid industrialization has led to increased pollution and resource depletion. Ensuring sustainable growth will be critical for Vietnam’s long-term success.

Moreover, Vietnam must navigate the complexities of global trade tensions and shifting supply chain dynamics. While the country has benefited from the U.S.-China trade war by attracting businesses relocating from China, it must continue to enhance its competitiveness to maintain this advantage.

Vietnam’s ranking as the 12th largest economy in Asia is a testament to its remarkable economic transformation over the past few decades. With a projected economic output of 506 billion USD in 2025 and a growth rate of 7% in 2024, the country has firmly established itself as a rising star in Southeast Asia. While challenges remain, Vietnam’s strategic focus on manufacturing, foreign investment, and economic integration positions it well for continued success.

As the global economic landscape evolves, Vietnam’s ability to adapt and innovate will be crucial. If the country can address its infrastructure gaps, promote sustainable development, and capitalize on its demographic advantages, it has the potential to climb even higher in the regional rankings and solidify its status as a key player in Asia’s economic future.

Vietnam Ranked Among the 20 Most Loved Countries in Asia

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Vietnam has recently been recognized as one of the 20 Most Loved Countries in Asia, a testament to its growing appeal on the global stage.

This ranking was determined through a comprehensive analysis conducted by Insider Monkey, which evaluated countries across five key metrics: respect, friendliness, tourism, diversity, and democratic credentials.

To compile the list, Insider Monkey reviewed five of its own articles focusing on the 15 Most Respected, 15 Friendliest, 20 Most Visited, 20 Most Diverse, and 20 Most Democratic Countries in Asia. The analysis assigned a 75% weight to the first three metrics—respect, friendliness, and tourism—as these factors are most closely tied to a country’s global reputation and appeal. The remaining 25% weight was allocated to diversity and democratic credentials, which reflect a nation’s cultural richness and political environment.

Vietnam’s inclusion in this prestigious list highlights its strengths across multiple dimensions. The country is renowned for its warm hospitality and friendly locals, making it a welcoming destination for travelers. Its rich cultural heritage, stunning landscapes—from the terraced rice fields of Sapa to the pristine beaches of Phu Quoc—and vibrant cities like Hanoi and Ho Chi Minh City have made it one of the most visited countries in Asia.

Additionally, Vietnam’s cultural diversity, with its 54 ethnic groups and unique traditions, adds to its charm. The country’s commitment to progress and development, coupled with its growing democratic practices, further enhances its standing on the global stage.

This recognition underscores Vietnam’s ability to balance tradition and modernity, offering visitors and residents alike a unique blend of history, culture, and natural beauty. As Vietnam continues to rise in prominence, its position as one of Asia’s most loved countries is well-deserved and reflects the nation’s enduring appeal.

For those who have yet to experience Vietnam, this ranking serves as an invitation to explore a country that captivates hearts and leaves a lasting impression. Whether you’re drawn to its bustling cities, serene countryside, or rich cultural tapestry, Vietnam promises an unforgettable journey.

Early Year of the Snake: A Reflection on Serpents

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The enigmatic and thrilling tales of snakes have left an indelible mark on my memory. Whether rooted in reality or born from the depths of imagination, these creatures never fail to captivate me.

Snakes are familiar to many, particularly those who reside in rural areas surrounded by lush greenery. They come in various forms—some dwell on land, others in water, some prefer the treetops, and a few even lurk in the hidden corners of homes.

The snake family is remarkably diverse, often outnumbering other species in their habitats. Among them are the gentle, non-venomous varieties, such as the tiger snake or dragon snake, which often coexist with humans. These snakes can be found weaving through rafters, columns, and walls, their primary diet consisting of mice. Many homeowners regard them as natural pest controllers, often leaving them undisturbed even when spotted slithering across walls. Over time, these snakes have grown accustomed to human presence, becoming almost tame.

However, not all snakes are so benign. Alongside the harmless species like the fish snake, elephant snake, and water snake, there are those whose very names evoke fear—cobras, banded kraits, and red-tailed green pit vipers, to name a few. In rural areas, where houses are scattered and vegetation is dense, snakes thrive. While encountering a harmless snake may not be alarming, stumbling upon a venomous one, such as a cobra or banded krait, is enough to send shivers down anyone’s spine. A single bite from these deadly creatures, if left untreated, can be fatal.

Like many animals, snakes seek environments that suit their needs, venturing out to hunt and sustain their lives. Some are diurnal, others nocturnal. Occasionally, they meet an unfortunate end, becoming ingredients in a pot of lemongrass stew.

In my hometown, snakes are a common sight. I’ve often spotted green snakes or dragon snakes crawling along walls, or tiger snakes crossing the road. Though I fear them, I can’t help but watch as they swiftly disappear. Venomous snakes, however, are rarely seen, perhaps because they prefer to remain hidden, aware of their unwelcome reputation.

As a child, my father would regale me with stories about snakes. I’m unsure whether these tales were true or embellished, but they always fascinated me. He spoke of a king cobra in the forest, as thick as a house pillar, that would hook its tail on one tree and stretch its head to another, using its massive body to slap the water and catch fish. Villagers who witnessed this spectacle would flee in terror. Another story told of a snake with a rooster-like comb that would emerge from its cave each morning and crow loudly.

I also recall an incident where rats had gnawed through some new clothes hanging on a pole. Just as my anger peaked, I heard squeaking on the wall. Looking up, I saw a dragon snake coiling around a rat, rendering it helpless. The sight filled me with satisfaction, and I silently thanked the snake, even though I had never raised it.

This year marks the Year of the Snake. I hope these creatures continue to thrive, helping to rid homes of pesky rodents. To those born in the Year of the Snake, I wish you good health and fortune. As someone born under this sign, I feel a special connection to these fascinating animals.

Contributed by Hoài Minh