Here’s What to Expect from Trump’s 2025 Presidential Inauguration

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On January 20, 2025, President-elect Donald Trump will officially begin his second term as the 47th President of the United States. The inauguration ceremony, a cornerstone of American democracy, will take place in Washington, D.C., albeit with some adjustments due to extreme weather conditions.

Arrival in Washington and Pre-Inauguration Events

Trump arrived in Washington on January 18 aboard a military C-32 aircraft, designated Special Air Mission 47. Accompanied by his family, he traveled from Palm Beach, Florida. Upon arrival, he participated in celebratory events at the Trump National Golf Club in Sterling, Virginia, before proceeding to Blair House, the presidential guest residence, where he spent the night.

Inauguration Day Schedule

The day begins with a traditional morning prayer service at St. John’s Episcopal Church, commonly referred to as the “Church of Presidents,” located near the White House. Pastor Robert Fisher will lead the service, providing a moment of calm and reflection for Trump and Vice President-elect J.D. Vance.

Following the service, Trump and his wife Melania will meet President Joe Biden and First Lady Jill Biden at the White House for tea, continuing the tradition of a symbolic handover of leadership.

Weather-Induced Changes to the Ceremony

The swearing-in ceremony, originally planned for the Capitol’s West Front, has been moved indoors to the Capitol Rotunda due to forecasts of -7°C temperatures and strong winds. This marks the first indoor inauguration since Ronald Reagan’s second term in 1985.

The shift to the Rotunda significantly limits the number of attendees, excluding most of the 220,000 ticketed guests. However, supporters can view the event on large screens at Capital One Arena, a 20,000-seat venue in downtown Washington.

The Inaugural Ceremony

The ceremony will commence at 9:30 a.m. with performances by the University of Nebraska-Lincoln Choir and the U.S. Marine Corps Band. Senator Amy Klobuchar will preside over the proceedings, leading to the swearing-in of Vice President-elect Vance and President-elect Trump.

Vice Presidential Oath

Supreme Court Justice Brett Kavanaugh will administer the oath to J.D. Vance, who will use his family Bible for the occasion. The vice-presidential oath, though not constitutionally fixed, includes a pledge to defend the U.S. Constitution and faithfully execute the duties of the office.

Presidential Oath

Chief Justice John Roberts will administer the presidential oath to Trump at 12 p.m. Trump will place his hand on two Bibles: his personal Bible from 1955 and the historic Lincoln Bible, as he did during his 2017 inauguration. The oath, mandated by Article II, Section 1, Clause 8 of the Constitution, will be recited:

“I do solemnly swear that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States.”

Musical Performances and Closing Festivities

Singer Carrie Underwood will perform “America the Beautiful” during the ceremony. The inaugural events will conclude with a celebratory parade and evening gala, marking the formal start of Trump’s second term.

This inauguration not only highlights the continuity of American leadership but also showcases the adaptability of tradition in response to unforeseen challenges.

Data shows, Vietnam Among Top 15 Developing Nations for FDI in 2024

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Vietnam achieved significant milestones in 2024, solidifying its position as a leading destination for Foreign Direct Investment (FDI).

The country attracted nearly $38.23 billion in registered capital, ranking among the top 15 developing countries for FDI inflows globally, according to Radio the Voice of Vietnam. Realized FDI capital also reached a record-breaking $25.35 billion, marking a 9.4% year-on-year increase.

Additionally, Vietnam’s national brand value soared to $507 billion in 2024, climbing to 32nd globally—an improvement of one position compared to 2023.

Strategic Focus on High-Quality FDI

Associate Professor Dr. Dao Ngoc Tien, Vice Rector of the Foreign Trade University, underscored the significance of focusing on high-quality FDI inflows. “Resolution 50 on the FDI Attraction Strategy in the new phase emphasizes not just attracting quantity but also prioritizing FDI from multinational companies within the top 500 and developed nations. Achieving this requires a steadfast commitment to stable and sustainable development,” he noted.

Economic expert Dr. Can Van Luc applauded these advancements, describing them as the outcome of Vietnam’s continuous efforts to improve its investment and business environment. He also highlighted the importance of developing green industries as a critical step in attracting sustainable FDI.

Positioning for the Future: Green and Sustainable Growth

Experts have emphasized the need for Vietnam to prepare for next-generation FDI projects by developing green industrial zones. Incorporating ESG (Environmental, Social, and Governance) principles and reducing carbon emissions are not only environmental imperatives but also critical for enhancing competitiveness.

Sophie Dao, Senior Partner at GBS, an investment consulting firm in Vietnam, commended the country’s achievements:
“Vietnam’s progress in FDI attraction reflects its strategic vision and determination to become a hub for sustainable and high-quality investments. The increase in realized FDI capital and the rise in national brand value demonstrate the success of policies prioritizing innovation, green growth, and global integration. These achievements not only enhance Vietnam’s reputation but also solidify its position as a competitive and attractive destination for international investors.”

With a clear focus on green growth and high-quality FDI, Vietnam is well-positioned to lead the way among developing nations, setting an inspiring example for sustainable development.

POLITICO: Ukraine risks being ‘Trump’s Vietnam”

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Trump’s former chief strategist fears his old boss won’t make a clean break and stop military aid to Kyiv.

Donald Trump is in danger of failing to make a clean break with Ukraine and could be sucked deeper into Vladimir Putin’s war — just as Richard Nixon was stung in his attempts to pull out of Vietnam — Trump’s former chief strategist Steve Bannon warned in a wide-ranging interview with POLITICO.

The host of the influential “War Room” podcast is girding for a major political showdown over United States intervention in Ukraine. He advocates ending America’s all-important military aid to Kyiv, but fears his old boss is going to fall into a trap being set by an unlikely alliance of the U.S. defense industry, the Europeans and even some of Bannon’s own friends, whom he argues are now misguided. These include Keith Kellogg, a retired U.S. general who is Trump’s pick to be special envoy to Ukraine and Russia.

“If we aren’t careful, it will turn into Trump’s Vietnam. That’s what happened to Richard Nixon. He ended up owning the war and it went down as his war not Lyndon Johnson’s,” Bannon said.

Kellogg argues any deal to end the three-year-long war needs to include solid security guarantees for Ukraine to ensure Russia won’t just invade again. And Kellogg has talked about maintaining U.S. military aid to apply pressure on Moscow to agree a decent deal.

Despite his friendship with Kellogg, Bannon thinks this kind of delay will only heighten the risk of the U.S. being pulled deeper into a war he believes is unwinnable and one that isn’t in America’s national interest. Behind the scenes, he’s lobbying furiously for Trump to declare in his inauguration speech on Monday that he will end the war quickly.

On his daily radio show and podcast, Bannon’s been campaigning for this announcement on Day One. “I’m going nuts right now to make sure there’s something on Monday, an announcement. Because you have Kellogg saying it will take 100 days, the old foreign policy establishment are saying six months,” Bannon said.
He argues Trump should spell out to Ukrainian leader Volodymyr Zelenskyy “there’s a new sheriff in town, and we’re going to get a deal done and we’re going to get it done quickly.” Zelenskyy should, he goes on, take note of how Trump steamrollered Israeli Prime Minister Benjamin Netanyahu into accepting a cease-fire-for-hostages deal with Hamas.

Not losing sleep over Europe

The 71-year-old was in a feisty mood, exhilarated by Trump’s election win but ready to do battle to ensure that America is remade along MAGA lines. Looking less rumpled than he can on occasion, he sported stubble and had combed his signature long gray hair.

Wearing slippers for the early morning interview in the front room of his Capitol Hill home, Bannon told POLITICO he didn’t think Europe appreciated how consequential Trump’s second term would be — and reckoned Trump’s domestic political opponents weren’t properly prepared either.

He talked about the “days of thunder” to come and said the slew of executive orders to be announced after Trump is sworn in on Monday will likely include ones on immigration, diversity hiring in the federal workforce, energy and possibly tariffs. He reckoned about 50 orders would be announced, though more than 100 others were locked and loaded, awaiting sign off by government lawyers.

Bannon compared 2025 to 1932 when Franklin D. Roosevelt was first elected and launched the New Deal. “Our [electoral] coalition is much bigger than it was in 2016, much broader, much deeper,” allowing more to be done, Bannon said, including the “deconstruction of the administrative state.”

But a larger coalition also brings risks. Bannon worried the new Silicon Valley converts, including the tech billionaire Elon Musk, with whom he has been publicly skirmishing, may divert Trump and strike deals for their own benefit.

He was scathing about the Europeans and the transatlantic alliance. “If you look at NATO, I don’t think it can put together two combat divisions of Europeans that are ready to fight,” he scoffed, complaining NATO had turned into an American protectorate, rather than being an alliance.
“Europe has gotten away with early retirement and full health care because they don’t pay for their own defense,” he protested.

But Bannon is equally emphatic he’s no fan of Russia’s leader.

“Putin’s a bad guy. He’s a very bad guy. The KGB are bad guys. But I don’t stay up at night worrying about Russian influence on Europe. No. 1, their military hasn’t even got to Kyiv. In three years, they couldn’t get there. They haven’t taken Kharkiv even. You know why I don’t stay awake at night? Because the Europeans don’t stay awake at night. They don’t consider Russia a real threat. If they did they would throw a lot more money and troops into the game,” he went on.

He’s a big fan of Trump’s ploy to buy Greenland, and as a former naval warfare officer he says he sees the Arctic as crucial to ensure the American homeland is safe from both Russia and China. “Trump’s not going to invade Greenland,” he said, waving a dismissive hand. “He doesn’t have to. They’re going to vote for independence, and then they’re going to vote to join the United States.”

Likewise, gaining control of the Panama Canal is important for American defense. “The people in Panama have been ripped off by the elites down there. They basically cut deals. It’s an open secret. They cut deals with the CCP [Chinese Communist Party]. They’re bought and paid for, and they turned the canal over to them. That’s ending.”

He argues too many European leaders fancied themselves as Winston Churchill, especially zeroing in on former British Conservative leader Boris Johnson, whom he called a “war criminal.”

“The Ukraine war is the central screw up of Europe over the last couple of years. You have a million dead or wounded Ukrainians. And we’re going to end up, best case, we’re going to end up exactly where this thing started, as I said three years ago. And it’s because you have Boris Johnson and [French President Emmanuel] Macron, all these fantasists that won’t pay for their own defense. They want to be big shots. They all want to be Winston Churchill with other people’s money and other people’s lives,” he says.
MAGA maniacs

It is difficult to gauge how influential Bannon is now on Trump.

The pair fell out after Bannon criticized Trump’s family, mocked the then-president’s intellect and criticized the operations of the White House in comments published in a book by journalist Michael Wolff. Trump disavowed Bannon and accused him of losing his mind.

But the two patched things up less than a year later with Trump calling Bannon “one of my best pupils” and said he “loved working with” him. In 2018, Bannon released a pro-Trump documentary aimed at galvanizing Trump supporters ahead of the 2018 midterm elections in a bid to maintain a Republican majority in the House of Representatives. He wouldn’t disclose how often he talks with Trump, but said he knew Trump listens to the “War Room” and often sends along notes of praise.

One European populist sponsor, who’s been a guest at Trump’s Florida resort in recent weeks, confided that some in Trump’s inner circle see Bannon and other die-hard early Trump supporters as “MAGA maniacs.” “It surprised me a lot,” the sponsor added. Asking not to be identified by name in order to be candid, he added: “But they’re also wary of Bannon. They appreciate he wields a lot of influence on MAGA die-hards and they don’t want to get the movement against them.”

Indeed Bannon can whip up an online MAGA crowd. When skeptical Republican senators expressed doubts about the wisdom of nominating Fox News host Pete Hegseth, a former Army National Guard officer, as defense secretary Bannon was a key figure in organizing a grassroots MAGA campaign to save his nomination. And there’s no shortage of MAGA figures and top Republicans clamoring to appear on Bannon’s “War Room” show, in testimony to its political clout.

Bannon broke off the interview to discuss a huge oil painting hanging over the fireplace depicting the USS Ranger, a sloop of war captained by John Paul Jones during the American revolutionary war. The Ranger took the war to the shores of England, captured five British ships and launched a raid on England’s northwest coast, prompting Royal Navy warships to be dispatched against her in the Irish Sea.

Bannon also means to take the political war to Europe. He segued to discuss how Britain’s populist leader Nigel Farage plotted his Brexit referendum campaign over dinner in Bannon’s Capitol Hill home. He clearly relishes upcoming opportunities to back European populists and amplify the radical populist message in Europe.

And he sees Elon Musk as crucial in that endeavor.

That is not to say he is an unalloyed fan of Musk. He has been vitriolic in his criticism of the tech billionaire for calling for more visas for highly skilled foreign workers. Bannon wants a moratorium on immigration. He was disappointed with Musk for recently turning on Farage and for saying he should be replaced as the leader of Britain’s Reform UK party.

Bannon and Musk are also in sharp disagreement over Italian Prime Minister Giorgia Meloni.
Musk is a fan. Bannon was, too, until recently. For weeks, he has been launching ferocious attacks on her in interviews with the Italian media describing her as a lefty disguised as a populist. This marks a stark contrast with his original support.

“I saw in her tremendous potential. She’s got the best skill set of any politician except for Trump on the globe. Tough, personable, smart. What happened is that once she got into office, she immediately became, not just moderated, she flipped and gave support to the central powers in Brussels, and particularly NATO, and NATO is a huge problem. She was an ardent backer of the Ukraine war,” he explained.

But he added: “My mission is to get her back on track.”

“I’ve told him this, and that as soon as I make him a populist nationalist instead of a techno-feudal globalist, we’ll be fine. But until that time, we’re going to be at loggerheads,” he said.
While complaining Musk could be “a random element,” he said the money and support he gave to Trump in the election was important. And he predicted Musk would have a huge impact on Europe.

“I don’t think Europe is ready for him. He has two tactical nuclear weapons — unlimited money and a social media platform. He can drive what’s important and he can crush everybody else,” he added.

“There’s not a centrist right or centrist left government on the European continent that can withstand his onslaught, if he gets fully engaged as he has in the U.S.”

Source: https://www.politico.eu/article/ukraine-russia-donald-trump-vietnam-steve-bannon-richard-nixon-war-room/

Hanoi Ranked Among the Top 50 Best Cities in the World for 2025

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Hanoi, the capital of Vietnam, has proudly secured a spot in Time Out’s prestigious list of the 50 Best Cities in the World for 2025.

Known for its rich history, vibrant culture, and unique charm, Hanoi shines as a destination that excels in livability, food, culture, and overall vibe.

A City That Captivates

Time Out’s annual rankings are determined through surveys of over 18,500 city-dwellers worldwide and expert insights, assessing key factors such as food, nightlife, culture, affordability, and overall happiness. Hanoi’s inclusion in this global ranking underscores its growing appeal as a dynamic yet deeply rooted city that balances tradition and modernity.

Why Hanoi Stands Out

Hanoi’s allure lies in its harmonious blend of past and present. The city’s ancient architecture, historic sites, and bustling Old Quarter provide a glimpse into Vietnam’s storied history. Iconic landmarks such as Hoan Kiem Lake, the Temple of Literature, and the Ho Chi Minh Mausoleum remain must-visit destinations for travelers.

Hanoi also boasts a vibrant culinary scene that has earned global recognition. From the fragrant bowls of pho served on street corners to fine dining experiences blending traditional and modern Vietnamese flavors, the city is a paradise for food lovers.

Additionally, Hanoi is celebrated for its affordability. Visitors can enjoy a rich cultural experience without breaking the bank, making it an attractive option for travelers seeking value without compromising quality.

Livability and Local Vibes

Beyond its appeal to visitors, Hanoi also excels in livability. The city’s serene lakes, tree-lined boulevards, and lively neighborhoods create a warm and welcoming atmosphere. Its thriving arts and cultural scene, coupled with a growing focus on sustainability and innovation, makes Hanoi an increasingly exciting place to live and work.

Recognition Among Global Icons

Joining iconic metropolises such as Tokyo, Paris, and New York on Time Out’s list, Hanoi stands as a testament to Vietnam’s rising prominence on the global stage. This recognition not only cements Hanoi’s status as a world-class city but also inspires pride among locals and highlights the city as a must-visit destination for travelers in 2025.

A Bright Future for Hanoi

As Hanoi continues to grow and evolve, its inclusion in the list of the 50 Best Cities in the World showcases its success in blending a rich cultural heritage with modern-day vibrancy. Whether it’s exploring ancient streets, savoring local cuisine, or simply soaking in the unique atmosphere, Hanoi promises an unforgettable experience for all who visit.

For those planning their next great adventure, Hanoi is ready to welcome the world with open arms.

10 ‘Dream’ Days Starting from Hanoi Recommended by Lonely Planet

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Renowned travel guide Lonely Planet has unveiled a 10-day itinerary beginning in Hanoi, describing it as a “dream experience” for travelers exploring Asia in 2025.

The suggested journey showcases Vietnam’s rich history, stunning landscapes, and vibrant culture, making it an ideal destination for both adventure and relaxation.

Day 1-2: Exploring the Timeless Charm of Hanoi

Hanoi is introduced as an “ageless city” that blends rustic charm with modern vibrancy. Visitors are encouraged to spend the first two days exploring its cultural and historical landmarks, such as temples, museums, and relics. Key stops include the iconic Ho Chi Minh Mausoleum, where travelers can delve into Vietnam’s history and heritage.

Day 3-4: Cruising Ha Long Bay

On the third day, take a three-hour bus ride from Hanoi to Bai Chay, the gateway to Ha Long Bay. This UNESCO-recognized natural wonder offers a breathtaking seascape of limestone karsts and emerald waters. Lonely Planet recommends a two-day, one-night cruise, featuring a stop at Ti Top Island, where visitors can hike to its summit for panoramic views and unforgettable photo opportunities.

Vietnam’s Ha Long Bay by night

Day 5-6: The Scenic Mountains of Sa Pa

After returning to Hanoi, embark on a night train to Lao Cai and arrive in Sa Pa the next morning. Nestled in the Northwest mountains, Sa Pa offers a cool climate and stunning scenery. Visitors can relax amidst the tranquil environment or take on the challenge of conquering Fansipan, the “Roof of Indochina,” standing at 3,143 meters.

Day 7-9: Ha Giang or Central Vietnam

With three days remaining, Lonely Planet suggests two options:

Option 1: Ha Giang’s Majestic Landscapes
Adventurers can head to Ha Giang, known for its dramatic mountain passes, breathtaking vistas, and blooming buckwheat flower fields in late autumn. The region is also home to traditional markets and ancient villages that provide a glimpse into local culture.

Option 2: History and Culture in Central Vietnam
For history enthusiasts, take the Reunification Express train to Central Vietnam. Explore Hue, the former imperial capital, with its royal tombs, ancient pagodas, and historic architecture.

Then visit Hoi An, a UNESCO World Heritage Site and former trading port, renowned for its well-preserved old town, vibrant assembly halls, and charming streets.

Lonely Planet’s Other ‘Dream’ Asian Destinations

In addition to Vietnam, Lonely Planet highlights several other must-visit destinations in Asia, including:

Romantic forts and palaces in India
• The ancient town of Galle in Sri Lanka
• Wildlife adventures in Borneo
• The Golden Triangle in China
• Culinary explorations in Singapore and Malaysia
• Cultural immersion in Thailand
• Journeying along the Silk Road in Uzbekistan

This 10-day itinerary, starting in Hanoi, offers travelers a diverse and enriching experience of Vietnam, making it a standout choice for anyone planning an unforgettable Asian adventure.

TikTok Shuts Down in the U.S. Amid Legal Battle, Trump Signals Possible Reprieve

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TikTok disconnected U.S. user access late Saturday, just hours before a nationwide ban on the app took effect.

The move follows the U.S. Supreme Court’s decision to uphold a law requiring TikTok’s Chinese parent company, ByteDance, to sell its U.S. operations to non-Chinese buyers in the name of national security.

Shutdown Notice to Users

A message displayed to TikTok users attempting to access the app stated:

“A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now.”

The message added that President-elect Donald Trump plans to work toward a solution to reinstate the app after his inauguration on Monday.

“We are fortunate that President Trump has indicated he will work with us on a solution. Please stay tuned!”

Legal Stalemate and Trump’s Possible Intervention

Outgoing President Joe Biden’s administration has deferred the issue to Trump. TikTok’s CEO, Shou Chew, expressed gratitude to Trump, saying he appreciates the President-elect’s “commitment to work with us to find a solution.” Chew is expected to attend Trump’s inauguration on Monday.

Speaking to NBC News, Trump hinted at a potential 90-day reprieve:

“The 90-day extension is something we’ll most likely activate because it’s appropriate.” He indicated he may announce his decision on Monday.

The law permits a delay if significant progress toward a sale is shown. However, ByteDance has firmly rejected the idea of selling the app. In the meantime, Apple and Google are required to remove TikTok from their app stores, and Oracle, which hosts TikTok’s servers, is legally obligated to enforce the ban.

Industry and User Reactions

The ban leaves TikTok’s U.S.-based rivals, including Instagram Reels and YouTube Shorts, in a position to benefit. Meanwhile, thousands of TikTok users have migrated to Xiaohongshu (“Little Red Book”), a Chinese platform similar to Instagram. Dubbed “Red Note” by U.S. users, the app became the most downloaded on Apple’s U.S. App Store this week.

Offers and Alternative Solutions

Despite the ban, efforts to find a workaround continue. On Saturday, Perplexity AI, a promising U.S. start-up backed by Amazon founder Jeff Bezos, proposed a merger with TikTok’s U.S. subsidiary. The deal, reportedly worth at least $50 billion, could allow ByteDance to retain partial ownership.

Frank McCourt, former owner of the Los Angeles Dodgers, has also expressed interest in acquiring TikTok’s U.S. operations, supported by Canadian investor Kevin O’Leary. However, legal experts warn that even a Trump executive order lifting the ban could face challenges.

“Congress wrote this law to be virtually president-proof,” cautioned Adam Kovacevich, CEO of the industry trade group Chamber of Progress.

Future Uncertainty

With TikTok’s future in the U.S. uncertain, questions remain about the broader implications for global tech companies and cross-border data security. While Trump’s presidency may bring temporary relief, experts warn that lasting resolution will require complex negotiations and legal clarity.

For now, millions of American users await Trump’s next move, hoping for a solution that allows TikTok to return to their screens.

Discover the Warmth and Vibrance of Tet: A Cultural Journey for International Students in Vietnam

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Tet, Vietnam’s Lunar New Year, has captivated international students with its unique traditions and cultural vibrancy.

Hundreds of foreign students at Hanoi University recently celebrated an early Tet, immersing themselves in activities such as gifting lucky money, practicing calligraphy, and wrapping bánh chưng (traditional sticky rice cakes).

A Cultural Revelation for International Students

Red envelopes filled with lucky money (lì xì) delighted students, with many describing the gesture as “charming and meaningful.” Atarashi Saku, a third-year Vietnamese Studies student from Japan, shared her excitement for her second Tet celebration. “Last year, I spent Tet with a friend’s family in Vinh Phuc, and it was unforgettable,” Saku said. From shopping for peach blossoms to donning an áo dài (Vietnamese traditional dress), she embraced traditions like karaoke, festive dishes, and making bánh chưng.

“I love bánh chưng and spring rolls so much that I gained 4 kilograms after the holiday!” Saku joked. Comparing Tet to New Year in Japan, she noted Vietnam’s vibrant preparations and community spirit as a stark contrast to Japan’s quieter temple visits and soba noodle dinners.

This year, Saku plans to celebrate Tet in a friend’s hometown to experience its full essence.

A Taste of Vietnamese Traditions

For Li Na, an exchange student from China, this year marks her first Tet in Vietnam. She found wrapping bánh chưng particularly challenging but rewarding. “In Yunnan, we have a similar dish, but it’s smaller and simpler. Tet traditions here are so rich and lively,” she said, while learning to prepare Vietnamese spring rolls.

Meanwhile, Filipino student Lloyd Julian has made celebrating Tet an annual tradition. “This is my third Tet, and it feels like being back in my own homeland,” he shared. From playing traditional games like ring-toss to enjoying dishes like chả giò (fried spring rolls), Lloyd relishes visiting friends’ homes in different provinces each year, discovering regional nuances of Tet.

Bridging Cultures Through Tet

Dr. Nguyen Thi Thanh Xuan, head of the Vietnamese Studies department at Hanoi University, emphasized the importance of these celebrations in fostering cultural understanding. “Over 700 international students are studying here, and more than half choose to stay for Tet,” she said.

The university organizes immersive activities such as calligraphy, bamboo dancing (nhảy sạp), and clay figurine making (nặn tò he). Students also visit teachers’ homes for New Year’s greetings and meals, deepening their connection to Vietnam’s culture and people.

“These experiences allow students to feel included and appreciated while helping them become cultural ambassadors, bridging Vietnam and the world,” Dr. Thanh Xuan noted.

An Invitation to the World

For international students, Tet is more than just a holiday—it’s a window into Vietnam’s heart. From the joy of receiving lucky money to the warmth of sharing meals, Tet offers foreigners a chance to connect with Vietnamese traditions and hospitality.

Whether it’s learning to wrap bánh chưng, playing traditional games, or experiencing the vibrant atmosphere of Tet festivities, Vietnam’s Lunar New Year is a celebration that leaves an indelible mark on all who partake.

Vietnam Poised to Become a Global Financial Hub with Ambitious Plans for Financial Centres

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Vietnam is positioning itself as a competitive force in the global financial arena by leveraging a “golden opportunity” through progressive legal frameworks and bold initiatives, according to Minister of Planning and Investment Nguyen Chi Dung.

Developing regional and international financial centres has been prioritized as a key institutional breakthrough by Vietnam’s Party, State, National Assembly, and Government to drive economic restructuring, enhance productivity, and boost competitiveness.

Bold Vision for Financial Centres

The Ministry of Planning and Investment has outlined plans to establish two major financial centres: an international-level hub in Ho Chi Minh City and a regional-level hub in Da Nang.

The Ho Chi Minh City centre will span District 1 and the Thu Thiem New Urban Area, while Da Nang’s financial district will feature a 6-hectare core zone expandable to a 62-hectare financial quarter within the Da Nang Industrial Park, complemented by a 9.7-hectare financial technology centre. These hubs will benefit from special mechanisms and policies designed to attract financial institutions, including banks, investment funds, and financial service providers.

The centres aim to foster trading platforms for securities, currencies, and commodities, with a particular focus on emerging financial sectors such as fintech, ensuring alignment with international standards.

Opportunities and Challenges

While the concept of financial centres is not new globally, it presents unique challenges for Vietnam. Minister Dung emphasized that these centres will play a pivotal role in integrating Vietnam into global financial markets, attracting foreign financial institutions, and creating new investment opportunities. They will also provide high-quality financial services to support both domestic and international businesses.

“The development of these centres will drive Vietnam’s economic transformation, enhance its global reputation, and bolster its influence on the international stage,” Dung stated. He added that the initiative will strengthen national defence and security, particularly in the financial sector, through proactive measures.

Related: Here’s how to register a foreign owned company in Vietnam

A Tailored and Collaborative Approach

Vietnam plans to adopt a “hybrid” model, selectively incorporating successful elements from global financial centres while adapting them to the country’s specific context. Key priorities for 2025 include drafting a National Assembly resolution on the development of these centres, preparing infrastructure and institutional frameworks, and attracting strategic investors and financial institutions.

Minister Dung stressed the importance of collaboration among ministries, sectors, and local agencies to ensure timely and effective implementation. International partners will also be engaged to provide expertise, policy recommendations, and resources for the centres’ development and operations.

Catalyst for Vietnam’s Growth and Global Integration

The financial centres in Ho Chi Minh City and Da Nang are envisioned as symbols of Vietnam’s prosperity, contributing significantly to the global financial system’s stability and development. Minister Dung expressed confidence that these hubs will act as catalysts for Vietnam’s economic growth, enhancing its integration into global value chains and securing its position as a dynamic and sustainable economy on the international stage.

How Vietnam Became The Rising Star for Foreign Investment in Southeast Asia

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Vietnam continues to solidify its reputation as a leading destination for foreign investment in Southeast Asia, driven by consistent economic growth, a favorable business environment, and expanding infrastructure.

Resilient Foreign Direct Investment (FDI) Performance

In 2024, Vietnam’s foreign direct investment (FDI) inflows reached $38.23 billion, including new registrations, adjustments, and share purchases. While this marked a modest 3% decline compared to 2023, it stood as a significant achievement amidst a global investment slowdown. Vietnam ranked among the world’s top 15 developing nations for FDI attraction.

Key contributors to this success include Singapore, which led with $10.21 billion in investment, accounting for 26.7% of Vietnam’s total FDI and reflecting a 31.4% year-on-year increase. Other major investors included South Korea ($7.06 billion), China, Hong Kong (China), and Japan.

Notably, FDI disbursement reached a record-high $25.35 billion in 2024, up 9.4% from the previous year, demonstrating strong confidence among international investors in Vietnam’s business environment.

Sophie Dao, Senior Partner at GBS, praised Vietnam’s ability to attract sustained investment despite global challenges:

Vietnam’s resilience and adaptability have made it a standout destination in Southeast Asia. With its strategic location, young workforce, and strong commitment to economic reforms, the country offers unparalleled opportunities for foreign investors.”

European Business Confidence at a Two-Year High

According to the European Chamber of Commerce in Vietnam (EuroCham), its Business Confidence Index (BCI) hit a two-year high of 61.8 points in Q4 2024, reflecting optimism about Vietnam’s economic prospects.

EuroCham Vietnam Chairman Bruo Jaspaert highlighted this optimism as evidence of growing European business confidence. Many European firms view Vietnam’s “double transformation” in digitalization and sustainability as key drivers for long-term growth.

Vietnam’s proactive approach to digital and green transitions positions it as a critical link in global trade and investment,” Sophie Dao noted. “This is a clear indication that Vietnam is not just growing economically but is also aligning with global sustainability goals, making it a future-ready investment destination.”

Policy Reforms and Trade Agreements Boost Competitiveness

Vietnam’s projected improvement in the Economist Intelligence Unit’s Business Environment Rankings further underscores its appeal. Phuong Nguyen, Southeast Asia Representative for CCX Partners, emphasized that Vietnam will achieve the highest improvement among 81 countries studied between 2003-2028.

The country’s extensive free trade agreement (FTA) network, second only to Singapore in Southeast Asia, enhances its attractiveness. With a forecast annual GDP growth of 6-8% over the next decade, Vietnam remains central to global supply chain diversification strategies.

Sophie Dao acknowledged the government’s efforts in reforming policies and administrative procedures:

Vietnam’s dedication to improving its business climate, supported by policy reforms, has significantly enhanced its competitiveness. These changes will not only attract more investment but also ensure sustainable and inclusive growth.

Major Investment Commitments and Future Outlook

Vietnam’s appeal as a strategic investment hub is reflected in commitments from global players like Malaysian property developer Gamuda Land, which announced a $7.1 billion investment over the next five years. Gamuda Land Vietnam Chairman Angus Liew reaffirmed Vietnam’s importance in the company’s regional expansion strategy.

EuroCham’s survey revealed that 75% of European business leaders recommend Vietnam as an ideal investment destination. Moreover, 30% of surveyed enterprises plan to increase trade activities or shift production to Vietnam to leverage its trade advantages.

“Vietnam’s combination of strong economic fundamentals, expanding infrastructure, and a skilled workforce positions it as a top choice for global investors,” Sophie Dao remarked. “The country is on track to become a dominant player in Southeast Asia’s economic landscape.”

As Vietnam continues to attract significant foreign investment and strengthen its global trade partnerships, it reaffirms its status as a rising star in Southeast Asia and a strategic destination for businesses worldwide.

Chinese President Highlights Strategic Partnership with Vietnam on 75th Anniversary of Diplomatic Ties

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Chinese President Xi Jinping has expressed Beijing’s readiness to collaborate with Hanoi in building a “community with a shared future of strategic significance,” according to China’s official Xinhua news agency on Saturday.

Xi’s statement was part of a congratulatory message sent to Vietnam’s Communist Party chief To Lam and President Luong Cuong on the occasion of the 75th anniversary of diplomatic relations between China and Vietnam.

China’s concept of a “community with a shared future” reflects its aspiration to establish long-term relationships with nations that align closely with its goals, interests, and ideologies. By describing the relationship with Vietnam as “of strategic significance,” Xi highlighted the importance China places on its partnership with Hanoi.

Xi noted that over the past 75 years, the two countries have stood together through shared struggles, offering mutual support during their respective quests for national independence and liberation. He referred to the relationship between China and Vietnam as one between “comrades and brothers,” according to Xinhua.

World Bank Raises Vietnam’s Economic Growth Forecast

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Vietnam’s GDP is projected to grow by 6.6% in 2025 and 6.3% in 2026, according to the latest forecast by the World Bank (WB).

The 2025 projection represents a 0.6 percentage point increase from the WB’s forecast in June 2024, while the 2026 forecast is 0.2 percentage points lower than the previous estimate.

Despite the optimistic outlook, the WB’s forecast remains lower than the Vietnamese government’s ambitious target of 8-10% growth for 2025. The government aims to use this period as a pivotal “breakthrough” to drive double-digit growth for the remainder of the 2020-2025 term.

Vietnam’s projected growth of 6.6% positions it as the third fastest-growing economy in Asia, following Bhutan and India, both forecasted at 7.2%. Other regional leaders include Mongolia (6.5%), the Philippines (6.1%), Cambodia (5.5%), and China (4.5%).

The WB’s forecast for Vietnam is higher than those of Oxford Economics (6.5%) and the IMF (6.1%), on par with the Asian Development Bank (ADB) at 6.6%, but lower than UOB Bank’s forecast of 7%.

Global Context

Globally, the WB forecasts GDP growth of 2.7% for 2025 and 2026, unchanged from projections for 2023 and 2024 but lower than the 3.2% recorded in 2022. This slowdown reflects weaker growth in major economies like China and the U.S.

Global trade is also expected to lag behind the 2010-2019 average in two-thirds of the world, signaling a challenging environment for international commerce.

Key global growth forecasts for 2025 include: India: 6.7%, China: 4.5%, United States: 2.3%, Brazil: 2.2%, Russia: 1.6%, Japan: 1.2%

Challenges for Developing Economies

World Bank Chief Economist Indermit Gill warned that developing economies face significant hurdles, including high public debt, low investment, declining labor productivity, and the impacts of climate change.

“The next 25 years will be more challenging than the past 25 years,” Gill remarked, highlighting the need for structural reforms and resilience-building to sustain growth in developing markets.

While Vietnam’s growth outlook remains robust, sustaining its momentum will require continued investment in productivity, infrastructure, and environmental sustainability.

Traffic Jams Persist Across Ho Chi Minh City as Tet Travel Peaks

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Traffic congestion continued to disrupt Ho Chi Minh City on Friday evening, extending well beyond peak hours. Major routes, city center streets, and airport access points were heavily congested as the city faced heightened travel demand ahead of the Tet (Vietnamese Lunar New Year) holiday.

Starting around 5:00 pm, traffic jams spread across the city, particularly in downtown areas, near Tan Son Nhat International Airport, along routes to the Cat Lai Ferry, and on National Highway 1.

At the busy My Thuy Roundabout in Thu Duc City, vehicles heading from Dong Van Cong Street to Cat Lai Ferry were stuck in long lines of buses and tractor trailers, clogging both the overpass and underpass. The gridlock extended to Vo Chi Cong Street and the Ho Chi Minh City-Long Thanh-Dau Giay Expressway, forcing vehicles to move at a crawl.

The Tan Son Nhat airport area experienced heavy congestion throughout the day, with traffic on Bach Dang Street reduced to a standstill. Nearby streets like Nguyen Van Troi, Phan Dinh Phung, and Phan Dang Luu also saw significant slowdowns, particularly near major intersections.

In desperation, motorcyclists took to sidewalks to bypass long queues, further complicating the situation. By 7:00 pm, widespread traffic snarls continued across the city, even past rush hour.

Causes of Congestion

The Ho Chi Minh City Department of Transport attributed the worsening traffic to a combination of factors: Increased travel demand ahead of Tet, with traffic volume rising 11% compared to normal days. Temporary road closures for festivals and events. The close proximity of intersections in the city center, which causes backups at red lights.

Ongoing Efforts to Alleviate Congestion

Authorities reported improvements in traffic violations, such as running red lights and driving on sidewalks, following the introduction of Decree 168. The decree imposes stricter penalties for poor driving behavior, aiming to enhance road safety.

To address the congestion, city officials are collaborating to better organize traffic at critical junctions, gateways, and around the airport. Planned measures include: Adding dedicated lanes to key roads. Implementing right-turn signals at congested intersections. Streamlining traffic flow at downtown intersections to prevent backups.

With Tet rapidly approaching, city officials are working to minimize disruptions and ensure smoother travel for residents and visitors during this busy holiday season.

Tan Son Nhat Airport Crowded Ahead of Tet Holiday Rush, Flight Delays Cause Passenger Fatigue

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Tan Son Nhat International Airport in Ho Chi Minh City is already experiencing congestion and flight delays, even before the anticipated peak travel period for Tet (Vietnamese Lunar New Year), which runs from January 21 to February 9.

On Friday, the airport saw long delays for several flights from noon to the afternoon, leaving passengers fatigued as they faced extended wait times. According to the airport’s operations center, 119,000 passengers and 836 flights passed through the facility that day, with 67,044 departing and 52,418 arriving.

The domestic terminal, in particular, was crowded, with approximately 64,000 passengers expected to pass through on Friday alone. Peak congestion occurred between 2:00 pm and 5:00 pm. By 5:00 pm, thousands of passengers were still waiting in Halls A and B, monitoring flight status updates on electronic boards in Hall B.

Several flights operated by VietJet Air faced schedule changes, resulting in significant delays. The airline apologized for the inconvenience and directed passengers to food and beverage areas to ease their wait.

Quan Nam, a passenger from Phu Nhuan District, recounted his experience with a flight from Ho Chi Minh City to Hanoi. Originally scheduled for 1:25 pm, the flight was delayed multiple times, first to 1:40 pm, then 4:00 pm, and later to 5:30 pm, leaving him uncertain if there would be further delays.

The Civil Aviation Authority of Vietnam estimates that Tan Son Nhat will handle 820–900 flights daily between January 22 and 28, with the busiest day expected to be January 23, when 901 flights are scheduled. Passenger numbers during this period are expected to peak at nearly 150,000 per day, a 12.7% increase from the 2024 Tet holiday.

From January 29 to February 3, daily flights are predicted to range from 830 to 900, with February 2 seeing the highest number of flights (917) and January 29 the lowest (832). Passenger counts are expected to surpass 155,000 at their peak.

To manage the surge, the Southern Airports Authority advised passengers to Check flight schedules online in advance. Bring valid identification documents. Arrive at the airport no earlier than two hours before departure. Use online check-in services to reduce wait times.

Passengers were also reminded to follow luggage regulations and limit the number of people picking them up to avoid overcrowding.

Despite the challenges, authorities and airlines are working to ensure smoother operations during Vietnam’s busiest travel season.

Crossing the Streets in Vietnam: A Unique Dance of Chaos and Community

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A quick search online reveals countless videos of tourists navigating the bustling streets of Vietnam, capturing their attempts to cross roads teeming with motorbikes, cars, and bicycles.

From traffic lights to zebra crossings—or simply an open road—the line between vehicles and pedestrians often feels blurred, leaving foreigners confused, fearful, and occasionally frustrated.

While it may seem like Vietnam’s streets lack order, this is far from the truth. The main difference lies in the cultural approach to traffic. In countries like the U.S. or Australia, the concept of “Right of Way” ensures that pedestrians crossing at a green signal or traffic light are guaranteed safe passage. In Vietnam, the reality is more complex.

Although traffic laws require vehicles to stop at red lights and pedestrians to cross at designated signals, motorbikes often weave through intersections or turn right, regardless of the rules. Instead of rigid adherence to the “Right of Way,” Vietnam operates on an unspoken rule: a shared responsibility to follow traffic laws while being mindful and considerate of others.

Vietnam has one of the highest numbers of motorbike users per capita in the world, and the constant movement of vehicles leaves little room for pedestrians to wait for a clear path. This dynamic creates a remarkable interaction where vehicles and pedestrians coexist in a seemingly chaotic yet functional flow.

For visitors, crossing the road in Vietnam is not about asserting your “right” to cross—it’s about joining a communal effort, where everyone makes room for each other. This sense of community is evident even in the busiest streets of cities like Ho Chi Minh City and Hanoi. Approach the experience with confidence and trust that, while it looks intimidating, it works.

Recent updates to Vietnam’s traffic laws aim to enhance safety. A new decree has increased fines for violations such as riding on sidewalks, failing to stop at red lights, wearing earphones while riding, and improperly turning at intersections. These stricter measures are designed to foster better habits and improve road safety.

With a population of 100 million people packed into a landmass similar in size to New Mexico (which has just three million residents), Vietnam’s urban centers will always be crowded. The thrill of navigating this density is part of the country’s charm.

For tourists, the best way to prepare is to watch videos online, learn to raise your arm to signal your presence, make eye contact with approaching riders, and walk at a steady pace. The golden rule: never step backward when panicking. In most cases, standing still and allowing motorbikes to flow around you is the safest approach.

For those daring enough to ride a motorbike in Vietnam, respect the unspoken code of care for others, particularly families and children. This shared consideration is the invisible force that keeps Vietnam’s traffic moving.

Crossing the street in Vietnam is more than a test of bravery—it’s a unique cultural experience. Embrace it, trust the process, and enjoy being part of the organized chaos that makes Vietnam so unforgettable.

Vietnam Aims for Operational Nuclear Power Plant by 2030

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Prime Minister Pham Minh Chinh, head of the Steering Committee for Nuclear Power Plant Construction, presided over its inaugural meeting on Wednesday, announcing Vietnam’s goal to have a fully operational nuclear power plant by 2030.

The establishment of the steering committee followed the issuance of Decision No. 72 by the prime minister on January 10. Its primary responsibility is to oversee the Ninh Thuan nuclear power project in the south-central region, monitor progress, address challenges, and recommend solutions to ensure successful implementation.

The committee’s scope includes revising legal frameworks for nuclear energy, prioritizing safety, security, and efficiency, while formulating a national nuclear energy development program. It is also tasked with fostering international collaboration, including partnerships with the International Atomic Energy Agency (IAEA).

During the meeting, PM Chinh emphasized the urgency of starting construction and called for a measured, step-by-step approach to ensure progress without undue caution or haste. He reiterated the government’s clear policy on nuclear energy development as a pivotal solution for meeting Vietnam’s growing clean energy needs.

“Nuclear power is a vital component in achieving sustainable energy security,” PM Chinh stated. “To support double-digit GDP growth, electricity growth must reach 15-18 percent annually.” He further highlighted the importance of nuclear technology for peaceful applications, including power generation and nuclear medicine, in Vietnam’s development.

The prime minister outlined a five-year roadmap for completing the Ninh Thuan nuclear power plant, aligning its operational debut with the 100th anniversary of the Communist Party of Vietnam in 2030. Annual plans are to be meticulously developed to meet this target.

PM Chinh directed the Ministry of Industry and Trade to finalize essential plans by February 28. He also called for Vietnam Electricity (EVN), the project’s investor, to consolidate its pool of 400 nuclear specialists, identify training needs, and establish a dedicated organization to manage the project and future initiatives.

The prime minister urged the development of a comprehensive institutional framework, including policies on taxation, credit, land use, and talent recruitment. Concurrently, Ninh Thuan authorities were instructed to enhance infrastructure, such as transportation, utilities, and cultural facilities, and attract public-private partnerships to develop Thanh Son Airport for civilian use.

Collaboration with the IAEA will focus on technical and regulatory support, while the provincial government was tasked with land clearance and resettlement policies for affected residents.

The National Assembly recently approved the resumption of the Ninh Thuan nuclear power project after an eight-year hiatus, deeming it critical for energy security and Vietnam’s commitment to net-zero emissions by 2050. A resolution passed on November 30, 2024, mandates the government to allocate resources and review legal frameworks, including the Atomic Energy Law, to facilitate the project’s progress.

Initially approved in 2009, the Ninh Thuan nuclear power project planned for two plants, Ninh Thuan 1 and 2, with a combined capacity of over 4,000 MW and an estimated investment of VND200 trillion (US$7.9 billion). The project, however, was suspended in 2016 due to safety, cost, and technology concerns.

EVN, in collaboration with Russian and Japanese partners, had spearheaded the initial phase. The Ministry of Industry and Trade has proposed that EVN remain the investor and appoint consultants to update the project’s pre-feasibility study while developing special mechanisms to ensure success.

The Ninh Thuan project marks a significant step in Vietnam’s efforts to secure energy independence, drive economic growth, and contribute to global sustainability goals.

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