Forecast 2025: The turning point year to adjust how AI is developed

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The Straits Times recently published an analysis stating that 2025 will be a turning point, when the use of artificial intelligence (AI) becomes more popular and has a strong impact on social life. However, collecting quality data to promote AI is also becoming more difficult, creating an opportunity to adjust the way AI is developed.

Producer of show ‘Anh trai vu ngan cong gai’ fined

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District 3 Tax Department (HCMC) decided to impose a fine of nearly VND53 million for false declaration leading to underpayment of value added tax for Yeah1 Group Joint Stock Company. Yeah1 was also charged over VND221 million in value added tax and nearly VND44 million in late payment fees.

How to Overcome Common Challenges for Foreigners in Vietnam

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While Vietnam is an attractive destination for expatriates, investors, and tourists due to its vibrant culture, growing economy, and strategic location, foreigners often face several challenges when living, working, or doing business in the country.

Sophie Dao, Senior Partner at GBS – Global Business Services LLC said: “Vietnam is an exciting market full of potential, but success requires preparation and local insight. At GBS, we’ve helped many foreign investors navigate these challenges, turning them into opportunities for growth and success.”

Below are the key pain points:

Language Barrier

Vietnamese is a tonal language, and proficiency in English varies widely across regions and demographics. While urban centers like Hanoi and Ho Chi Minh City have better English fluency, rural areas still pose significant language barriers. Misunderstandings in business negotiations, daily interactions, and official paperwork can create frustration and delays.

Hiring interpreters, learning basic Vietnamese phrases, and using translation apps can help bridge the communication gap.

Bureaucracy and Regulatory Complexity

Vietnam’s legal and administrative processes can be bureaucratic and time-consuming, particularly for foreign businesses and investors. Frequent regulatory updates and unclear interpretations of rules create hurdles. Delays in licensing, approvals, and compliance processes can affect business timelines and profitability. Partnering with experienced local legal consultants and advisors ensures smoother regulatory navigation.

Sophie Dao emphasizes: “Understanding Vietnam’s regulatory environment is essential for foreign investors. Partnering with local experts who understand the nuances of the system can make all the difference.”

Business Culture Differences

Vietnamese business culture places significant emphasis on relationships (guanxi), hierarchical structures, and indirect communication. Foreigners unfamiliar with these cultural nuances might struggle with negotiations, trust-building, and relationship management. Take time to build relationships, show respect for hierarchical structures, and demonstrate patience in negotiations.

Expat Celebrating Tet Holiday With Vietnamese
Infrastructure Limitations

While Vietnam has made significant strides in infrastructure development, issues like traffic congestion, limited public transport options, and inadequate logistics networks persist.

Delays in transportation, high logistics costs, and uneven infrastructure development across regions can disrupt business operations.

Plan for longer lead times in logistics and consider locations with better infrastructure support for business investments.

Intellectual Property (IP) Protection

Enforcement of intellectual property rights (IPR) remains inconsistent in Vietnam, with counterfeit goods and brand piracy still prevalent in certain industries. Foreign businesses, especially in retail, technology, and creative industries, risk having their trademarks and products copied. So, you should work with legal advisors to register IP rights locally and ensure contracts include strong IP protection clauses.

Talent Shortages and Retention Issues

While Vietnam has a young and dynamic workforce, there is often a shortage of highly skilled professionals in specialized sectors such as technology, finance, and engineering. Foreign companies might struggle to recruit and retain skilled local talent, leading to reliance on expatriates, which raises operational costs. Invest in employee training programs, offer competitive compensation packages, and focus on retention strategies.

Banking and Financial Systems

While Vietnam’s financial sector has modernized, banking procedures for foreigners can still be cumbersome, especially in opening accounts, transferring money, or accessing certain financial products.

Delays in financial transactions and difficulty in repatriating profits can create barriers for foreign businesses.

Work with international banks that have a strong presence in Vietnam and seek expert financial advice.

Cultural and Social Adaptation

Differences in social norms, customs, and lifestyle expectations can create culture shock for foreigners. Expats may experience challenges integrating into local communities, building social networks, or adjusting to workplace culture. Engage in cultural training, join expat communities, and remain open to local traditions and practices.

Unclear Taxation Policies

Vietnam’s tax system can be complex for foreigners, with frequent policy changes and varying tax rates across sectors. Non-compliance or misunderstanding of tax obligations can result in fines or legal complications. Hire qualified tax consultants familiar with Vietnam’s taxation laws and ensure transparent financial reporting.

Environmental and Pollution Concerns

Air pollution, particularly in major cities like Hanoi and Ho Chi Minh City, along with waste management issues, can affect the quality of life for foreigners. Health concerns and reduced living standards may deter long-term commitments from expatriates and investors. Choose residential areas with better environmental conditions and invest in air and water purification systems.

Turning Challenges into Opportunities

While Vietnam presents challenges for foreigners, these hurdles can be effectively managed with the right approach, local partnerships, and preparation.

Vietnam remains an attractive destination for investment and living, offering enormous opportunities for those who can adapt to its unique landscape and leverage local expertise.

Traffic violators abandon their vehicles, can they escape paying fines?

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According to regulations, traffic violators cannot escape paying fines even if they abandon their vehicles and do not come to claim them. If they are late in paying, they will be forced to pay more.

Traffic violations are heavily fined but don’t abandon your vehicle.

Currently, many people think that they will be fined heavily for traffic violations while the value of the vehicle is too low, so they abandon the vehicle to avoid paying the fine . According to lawyer – Dr. Nguyen Thi Kim Vinh (TNJ Law Firm), this understanding is incorrect and they still have the obligation to pay the fine.

Because, according to Clause 1, Article 66 of the Law on Handling of Administrative Violations 2012, from the time of making a record of administrative violations, the competent person must issue a decision to impose a penalty within 7 days.

Pursuant to Clause 1, Article 73 of the Law on Handling of Administrative Violations, individuals and organizations subject to administrative sanctions must comply with the sanction decision within 10 days from the date of receipt of the decision. In case the administrative sanction decision states a period of implementation of more than 10 days, it shall be implemented according to that period.

When the deadline for executing the penalty decision has expired and the violator still fails to fulfill his/her obligations, for each day of delay in paying the fine, an additional 0.05% of the total unpaid fine amount will be charged (Article 78 of the Law on Handling of Administrative Violations). At the same time, the violator will be forced to execute the penalty decision according to Article 86 of this Law.

Specifically, violators will have a portion of their salary or income deducted, and money deducted from their accounts. Violators may also have their assets with a value equivalent to the fine amount seized for auction. In addition, violators may also have their money and other assets held by other individuals or organizations confiscated, in cases of intentional asset disposal.

When will the motorbike be confiscated?

According to lawyer – Dr. Nguyen Thi Kim Vinh, based on Decree 168 of 2024 of the Government (effective from January 1), motorbikes will be confiscated in the following cases:

Let go of both hands while driving; use your feet to drive; sit on one side of the vehicle to drive; lie on the seat to drive; change drivers while the vehicle is moving; turn around to drive, or drive blindfolded.

Control the vehicle by running on one wheel for a two-wheeled vehicle, by running on two wheels for a three-wheeled vehicle.

Illegal racing.

Repeated offense of driving a vehicle in a zigzag or swerving manner on the road; using a kickstand or other object to scrape the road while the vehicle is running.

Driving a vehicle manufactured or assembled in violation of traffic regulations.

Illegally cutting, welding, erasing, chiseling, re-stamping the chassis number, engine number (machine number), and putting this vehicle into traffic.

Using vehicles that have exceeded their usage period to participate in traffic, except for the act of using vehicles for transportation business with an usage period that does not ensure the conditions of the registered business form…

When are cars and similar vehicles confiscated?

Repeated offenses of driving in a zigzag manner on the road; speeding and chasing each other on the road; using feet to control the steering wheel while the vehicle is running on the road.

Illegal racing.

Driving a vehicle that is past its expiration date on the road.

Driving vehicles manufactured or assembled in violation of regulations on the road (including agricultural vehicles subject to suspension from traffic, trailers and semi-trailers being towed).

Repetition of the act of carrying more than 100% of the number of people allowed by the vehicle being a passenger car or a passenger car (except buses).

Repeated offense of carrying more than 100% of the permitted number of passengers by a passenger car (passenger transport business on fixed routes, contracts) running on routes with a distance of more than 300 km.

Repeated offense of driving a truck (including trailers and semi-trailers) with a cargo bed size that does not match the technical specifications stated in the vehicle’s certificate of technical safety and environmental protection inspection into traffic.

Converting other types of cars into passenger cars…

Train and bus tickets for Tet are ‘hot’ every day

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As the days to the Lunar New Year are numbered, air and train tickets are also hot. By this time, almost all means of transport on peak days have been booked and seats have been locked.

Want to change ticket also no chance

This year’s Lunar New Year started early and had a long break, so these days, bus stations in Ho Chi Minh City such as Mien Dong and Mien Tay have been bustling with people from Ho Chi Minh City returning to their hometowns to celebrate Tet. Although most of the main bus routes have moved to the new Mien Dong Bus Station, the total number of passengers through the old Mien Dong Bus Station is still expected to increase compared to 2024, serving about 139,000 passengers. And at this time, buying tickets that suit your needs is very difficult.

Mr. Vu Thanh Hoan (living in Nha Be District, Ho Chi Minh City) had time to buy a bus ticket to Dak Lak last weekend, but he called all the familiar bus companies and they said they were sold out of sleeper tickets from December 23 to 29. He drove all the way to Mien Dong Bus Station to ask but there were only seat tickets left, so Mr. Hoan had to reluctantly buy a ticket for 800,000 VND. “A seat ticket is now the same price as a sleeper ticket, but what can you do? Flying at this time would cost a whole month’s salary. If I buy a ticket now, I’m glad there are still seats left,” Mr. Hoan shared.

Meanwhile, despite having waited to buy bus tickets for a month, Nguyen Thi Minh Tuyen (living in Thu Duc City, Ho Chi Minh City) still could not choose the right itinerary to return to Phu Yen to celebrate Tet with her family. Tickets for the first day of Tet were no longer available, so Tuyen had to book a sleeper ticket for a night trip for 700,000 VND, double the usual price. Notably, Tuyen bought a ticket to return to Ho Chi Minh City on the fourth day of Tet for 650,000 VND. Now that the company has decided to close for an additional day, her family wants to change to the fifth day, but no bus company has any tickets left. “Every year, the bus tickets are sold out very early, so I still buy them without a holiday schedule, and then if necessary, I can find someone to change them later. This year is really stressful. My friends waited to buy tickets for a month in advance but still had difficulty, almost everyone had to buy tickets at high prices and did not get the desired time. The journey to hunt for Tet tickets is always very difficult,” Tuyen lamented.

According to a representative of the Ho Chi Minh City Department of Transport, the number of passengers traveling during the Lunar New Year this year is expected to increase by about 6% compared to last year due to the long holiday and high air and train tickets. From December 20, the year of Giap Thin to January 10, the bus stations will serve an average of 94,000 passengers per day, an increase of 50% compared to the number of passengers on normal days. The situation of selling tickets for fixed-route buses this year has not changed much compared to previous years. Bus trips to the Central region and the Central Highlands have always recorded a very high demand, so they sell out quickly. Branded bus companies often sell out as soon as they open for sale, partly due to many regular customers, partly due to stable prices, suitable for many groups of people.

The Department of Transport also knew early that some companies would let workers go home early, and a number of workers would return home before December 20, so it proactively implemented plans to serve the needs of people during Tet. To ensure convenience for people to travel, the city’s transport sector will implement activities to connect passengers from the central area to bus stations, airports, and train stations, such as: increasing shuttle buses, coordinating train schedules of the Ben Thanh – Suoi Tien metro. At the same time, buses will be increased to meet the increased travel demand during Tet. Traffic situation will be updated between the terminals in Ho Chi Minh City and other localities, and scenarios for regulation will be prepared if congestion occurs on the route of the passenger pick-up bus.

Trains and planes are also racing to “close the books”

Crowded and bustling like bus stations, from the end of November 2024 until now, Saigon Station has been crowded with passengers every day, mainly people returning home early. There are still a few people coming to the station with the hope of getting the last tickets to return home for Tet, but most of the “hot” routes have been “closed”. For example, 10 trains running on January 25 – 29 (December 26 – New Year’s Day) on the Saigon – Hanoi route are all full . The Saigon – Tuy Hoa route has also been full since January 20. In the previous days, there were only a few trains with empty seats, the prices were quite high: The price of a soft seat ticket with air conditioning ranges from 660,000 VND to nearly 850,000 VND depending on the train brand, a 4-berth sleeper cabin costs more than 1.17 million VND. Some train brands have 6-berth sleeper cabins priced at 968,000 VND, but long-distance surcharges of up to 778,000 VND are required, totaling 1.746 million VND.

Speaking to Thanh Nien reporters , a representative of Saigon Railway Joint Stock Company said that as of January 6, the railway industry had sold over 282,000 train tickets, including tickets divided into many short routes. Compared to the same period on the opening day of Tet 2024, the number of tickets sold was 161% and the revenue was 181%. Up to now, during the peak period before Tet, there are about 9,000 train tickets from Saigon, Di An, and Bien Hoa stations to all stations. On January 20-26, there are still tickets to Nha Trang and Phan Thiet. After Tet, there are only a few tickets left for odd-numbered trains (from Hanoi to the southern region) during the peak days from January 31 to February 3; There are still many train tickets available for the remaining days from the Northern and Central stations to the South.

Compared to last year’s Tet, the total number of trains serving the 2025 Tet holiday has decreased by more than 20 trips, equivalent to a decrease of more than 30,000 seats due to not selling extra seats, and converting 11 seat cars into sleeper cars, reducing the number of trips and seats compared to last year. Notably, this year the railway industry has stopped the “buy a ticket to hold a seat and pay later” feature to avoid the situation of passengers holding a seat but late in paying. Therefore, in general, the train ticket situation will not have any unusual fluctuations such as passengers “canceling” or releasing tickets.

As for aviation, although it is close to Tet, airlines are still making efforts to charter aircraft and increase capacity. According to Vietnam Airlines (VNA), up to this point, the number of seats VNA provides to the peak Tet market in 2025 has increased by nearly 8% compared to the same period in 2024. The number of actual passengers purchasing tickets has also increased compared to last year. The occupancy rate for many peak afternoon flights, some good daytime flights are fully booked. To best meet people’s travel needs, VNA is coordinating the use of aircraft to operate in the late evening and early morning to take advantage of slots at airports, optimize aircraft flight times; at the same time, speed up wet leasing and receive aircraft early.

“Initially, VNA planned to wet lease 2 aircraft, but due to increased passenger demand, the airline decided to increase and lease 1 more aircraft, bringing the total to 3. The wet lease includes foreign flight crew and flight attendants. It is expected that the first 2 wet leased aircraft serving the peak Tet holiday will arrive in Vietnam on January 10, the third aircraft will arrive on January 13. As soon as the aircraft are received, VNA will work urgently with the authorities to put them into operation soon. The three wet leased aircraft will contribute about 75,000 seats, equivalent to more than 400 flights,” added a VNA representative.

Source: thanhnien.vn

Which country has the most powerful passport in the world? What is Vietnam’s ranking?

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The Henley Passport Index has just released a list of the world’s most powerful passports in 2025, with number 1 belonging to a country in Southeast Asia.

Specifically, Singapore passport holders enjoy visa-free access to 195 out of 227 destinations worldwide, more than citizens of any other place on the planet, topping the list this year.

 

Singapore passport has been ranked number 1 globally for many years. PHOTO: GUIDE CONSULTANTS

In Southeast Asia, apart from Singapore in the number 1 position, the remaining countries are as follows: Vietnam ranked 91st with 51 visa-free destinations; Malaysia (respectively 12 – 183); Brunei (20 – 166); Thailand (61 – 82); Indonesia (66 – 76); Philippines (75 – 67); Cambodia (89 – 53); Laos (93 – 49)… In addition, China ranked 60th.

Returning to the top 10, Japan ranks second in the rankings, with access to 193 destinations, thanks to regaining visa-free access to China for the first time since the Covid-19 lockdown.

EU member states France, Germany, Italy and Spain are in third place, along with Finland and South Korea, with visa-free access to 192 destinations.

The fourth place in the ranking is a testament to the strength of the borderless Schengen area, which guarantees freedom of movement for more than 425 million EU citizens as Austrians, Danes, Irish, Luxembourg, the Netherlands, Norwegians and Swedes enjoy visa-free access to 191 destinations.

Ranking in fifth place are five countries, including Belgium, New Zealand, Portugal, Switzerland and the UK, all of which offer visa-free access to 190 destinations.

The rest of the top 10 is dominated by European countries, with a few exceptions. Australia and Greece are tied at number 6, while Malta, Poland and Canada are in seventh place.

8th place is shared by the Czech Republic and Hungary; the US and Estonia are in 9th place; 10th place is held by Latvia, Lithuania, Slovenia and the United Arab Emirates.

This is the 20th year of the index, created by London-based global citizenship and residence advisory firm Henley & Partners, which tracks global freedoms in 227 countries and territories around the world, using proprietary data from the International Air Transport Association (IATA).

At the other end of the rankings, in 106th place, Afghanistan remains at the bottom of the list, with visa-free access to just 26 destinations, two fewer than a year ago. Syria is in 105th place (with 27 destinations) and Iraq is in 104th place (with 31 destinations).

‘Squid Game’ Season 3 Teases New Killer Doll

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While season 2 of the series ‘Squid Games’ is gaining huge viewership on Netflix, the producers have teased a new killer robot doll in season 3.

The Squid Game season 2 is currently streaming on Netflix and has achieved a “huge” number of views within just the first few days of its release. According to Deadline , with 7 episodes currently airing, The Squid Game season 2 has reached a total of 68 million views in just the first 3 days (from December 26, 2024), beating the previous “record” of the Wednesday series of 50.1 million views. Netflix said that this is the non-English language series with the highest number of views in 92 countries and territories in the first weekend of its release.

With its current viewership, Squid Game season 2 is currently one of the most-watched non-English language series of all time (it hasn’t made the top 10 yet, but season 1 is number one with 265.2 million total views), according to Forbes.

In season 2, the main character Seong Gi Hun, played by actor Lee Jung Jae, returns to the death arena to overthrow the organization behind it that he learned about in the first season. Season 2 continues to receive praise from film critics and the general audience on Rotten Tomatoes with a score of 82% (certified “fresh”).

Recently, on the social networking platform X (formerly known as Twitter), Netflix posted a teaser for season 3 of this survival series, which had previously announced to the international media that a new season was in the works. In the teaser, the filmmakers introduced a new killing robot in the form of a boy named Chul Su. The publisher wrote on X: “Everyone says hello to Chul Su”.

The previous model of the little girl doll was Younghee, a giant machine with a “search and destroy” function, surprising hundreds of players in the deadly arena with its head that can rotate 360 ​​degrees. In the newly released teaser, the little girl doll Younghee once again appears in the arena of the game Red Light, Green Light, with her back to the player. Opposite the Younghee doll is Chul Su. Season 3 is currently in production and will air in 2025.

The World’s Most Punctual Airlines in 2024

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Aviation analytics firm Cirium has compiled an annual ranking of the airlines and airports with the best on-time records.

Cirium’s data is broken down by region and the size of the airport or airline (based on the number of passengers served in a typical year).

All three of this year’s most punctual airlines are members of the SkyTeam alliance: Aeromexico, Saudia and Delta Air Lines. Aeromexico and Delta are both founding members of the alliance, having been part of the alliance since SkyTeam’s inception in 2000.

The nose of an Aeromexico plane is decorated with Mexican folklore motifs. PHOTO: SIMPLE FLYING

Saudia, the national airline of Saudi Arabia, is a newer member of the group. However, the airline has big ambitions for growth over the next decade. By 2024, Saudia has placed orders for 105 Airbus aircraft, nearly doubling its capacity.

Japan’s two largest airlines took the top two spots for punctuality in the Asia-Pacific region : Japan Air Lines (JAL) came in first and All Nippon Airways (ANA) came in second. The two were separated by just four-tenths of a percentage point.

Singapore Airlines is third in the region. It has won the World’s Best Airline award from Skytrax five times – considered the “Oscars of the aviation industry”. Air New Zealand is fourth and Thai AirAsia is fifth.

Safair, a South African-based low-cost airline, has been named the most punctual airline in the MENA (Middle East and Africa) region, followed by Oman Air and Royal Jordanian.

In Europe, Madrid-based Iberia came in second place, while its low-cost subsidiary Iberia Express came in first.

And for North America, Delta takes the top spot, followed by United and Alaska, both US.

In addition to ranking individual airlines, Cirium also analyzes data on punctual airports around the world.

Riyadh King Khalid International Airport (RUH) in Doha took home the top honors in the large airport category as well as the overall title. Second and third place in the overall category went to Lima Jorge Chávez International Airport (LIM) in Peru and Benito Juarez International Airport (MEX) in Mexico.

While Cirium’s statistics are impressive, many of the causes of delays aren’t the fault of individual airlines or airports. Weather can play a huge role, and higher temperatures due to climate change are likely to make things more difficult in the coming years, according to CNN.

The world’s most punctual airlines:

1. Aeromexico

2. Saudia

3. Delta Air Lines

4. LATAM Airlines

5. Qatar Airways

6. Azul Airlines

7. Avianca

8. Iberia

9. Scandinavian Airlines (SAS)

10. United Airlines

The most punctual airports in the world:

1. Riyadh King Khalid International Airport (RUH)

2. Lima Jorge Chávez International Airport (LIM)

3. Mexico City Benito Juárez International Airport (MEX)

4. Salt Lake City International Airport (SLC)

5. Santiago Arturo Merino Benítez International Airport (SCL)

6. Minneapolis-Saint Paul International Airport (MSP)

7. Washington Dulles International Airport (IAD)

8. Detroit Metropolitan Wayne County Airport (DTW)

9. Oslo Gardermoen Airport (OSL)

10. Doha Hamad International Airport (DOH)

Source: thanhnien.vn

Breaking: Virus Causing Respiratory Diseases in China Detected in Ho Chi Minh City

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On January 7, the Ho Chi Minh City Department of Health provided updates regarding the Human Metapneumovirus (HMPV), which is currently causing outbreaks in China.

The department confirmed that HMPV is not a new virus and has been circulating in Ho Chi Minh City for some time.

According to the city’s infectious disease surveillance system, respiratory infection cases ranged from 16,000 to 18,000 per month during the first eight months of 2024, with a noted increase in the final three months of the year. While respiratory illnesses typically surge during colder weather, hospitals have not observed any unusual spikes in severe cases.

Research conducted under the PREPARE project, a collaboration between the Oxford University Clinical Research Unit (OUCRU), the Hospital for Tropical Diseases, Khanh Hoa General Hospital, Nha Trang Pasteur Institute, and the National Center for Infectious Diseases of Singapore, found that common viruses and bacteria remain the primary causes of respiratory illnesses. Among 103 pneumonia patients hospitalized from July to December 2024 at the Hospital for Tropical Diseases, HMPV accounted for 12.5% of pediatric cases, compared to rhinovirus (44.6%), respiratory syncytial virus (41.1%), and influenza A (25%).

Additionally, monitoring during a respiratory infection outbreak among children in late 2023 revealed HMPV in 15% of cases. The Department of Health reiterated that HMPV is not a new virus but one of several common agents causing respiratory infections, particularly in children.

In light of the outbreak in China, the Department of Health advises the public to remain vigilant. Surveillance has been intensified, with the City Center for Disease Control (HCDC) and relevant healthcare units closely monitoring global developments. Quarantine measures at airports and seaports are prepared to detect and prevent potential disease spread.

Domestically, Ho Chi Minh City’s health sector continues to monitor infection trends, hospitalizations for severe acute respiratory infections, respiratory pathogens, and clusters of cases in schools, factories, and communities to ensure timely interventions.

Discovered in 2001, HMPV is known to cause upper and lower respiratory tract infections, particularly in young children, the elderly, and individuals with weakened immune systems. Transmission occurs through direct contact or contact with contaminated surfaces, with cases typically rising in winter and early spring.

Common symptoms include cough, runny or stuffy nose, sore throat, and fever, with severe cases potentially leading to pneumonia. Currently, there is no vaccine or specific treatment for HMPV.

Vietnam’s Economic Report Card for 2024: Resilience, Growth, and Opportunities

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Vietnam’s economy in 2024 demonstrated exceptional resilience and adaptability, overcoming both domestic and international challenges to maintain steady growth.

With strong GDP expansion, controlled inflation, and impressive trade and foreign direct investment (FDI) performance, the country continues to stand out as one of the most dynamic economies in the ASEAN region.

“Vietnam’s economic resilience in 2024 is a testament to the nation’s robust policy framework, strong leadership, and vibrant private sector,” remarked Sophie Dao, Senior Partner at GBS – Global Business Services LLC. “At GBS, we’ve been privileged to support numerous international investors entering Vietnam, and it’s clear that the country’s growth potential remains immense.”

Robust GDP Growth in 2024

Vietnam’s Gross Domestic Product (GDP) grew by 7.09% in 2024, according to the General Statistics Office (GSO). While slightly lower than pre-pandemic peaks, this figure highlights Vietnam’s impressive recovery amidst global uncertainties and external pressures.

Sectoral Contributions to GDP Growth: Services Sector contributed 49.46% to overall GDP growth with an expansion of 7.38%. Industrial and Construction Sector accounted for 45.17% of GDP growth, growing by 8.24%. Agro-Forestry-Fishery Sector represented 5.37% of GDP growth, increasing by 3.27%.

Vietnam’s GDP reached VND11.51 quadrillion (US$476.3 billion) in 2024, with per capita GDP rising to US$4,700, an increase of US$377 from 2023.

“Vietnam’s diverse economic base has been a major strength,” said Sophie Dao. “Foreign investors are especially drawn to the stability and growth prospects across sectors, from manufacturing to services.”

Inflation Under Control

Vietnam effectively managed inflation in 2024, with the Consumer Price Index (CPI) rising by 3.63%, staying well within the National Assembly’s target range.

Key Drivers of CPI Increase in December 2024:

  • Healthcare services: +2.19%
  • Transportation: +0.57%
  • Housing, electricity, water, and construction materials: +0.53%
  • Clothing and footwear: +0.28%

Categories with Decreased Prices:

  • Postal and telecommunications services: -0.03%
  • Food and beverage services: -0.13%

Core inflation, excluding volatile items such as food and energy, rose by 2.71%, reflecting effective fiscal and monetary policy measures.

“Vietnam’s prudent inflation management has reassured foreign investors, creating a stable economic environment for long-term commitments,” added Sophie Dao.

Trade: The Cornerstone of Economic Success

Vietnam’s trade sector remained a vital pillar of its economy, with total trade turnover reaching US$786.29 billion, marking a 15.4% year-on-year increase. The trade surplus reached US$24.77 billion, showcasing Vietnam’s growing global competitiveness.

Imports:

  • Total imports grew by 16.7% to US$380.76 billion.
  • Domestic sector: Increased by 19.5% to US$140.11 billion.
  • Foreign-invested sector: Grew by 15.1% to US$240.65 billion.

Exports:

  • Total export value surged by 14.3% to US$405.53 billion.
  • Domestic sector: Contributed US$114.59 billion (+19.8%), accounting for 28.3% of exports.
  • Foreign-invested sector (including crude oil): Generated US$290.94 billion (+12.3%), representing 71.7% of total exports.

Key Highlights:

  • 37 export items each exceeded US$1 billion in revenue.
  • Eight products crossed the US$10 billion mark, contributing 69% of total export value.
  • Monthly average export turnover stood at US$30 billion.

Vietnam’s export growth outpaced regional peers such as China, South Korea, Thailand, and Indonesia, which reported export growth rates between 1.33% and 12.7%.

“Vietnam’s trade strategy has been remarkably effective,” noted Sophie Dao. “The country is not only maintaining its export competitiveness but also becoming a critical link in global supply chains.”

Exports from agriculture, forestry, and fisheries reached US$62.4 billion, marking an 18.5% increase despite natural disasters and global market fluctuations.

Foreign Direct Investment (FDI): A Magnet for Global Investors

Vietnam continued to attract significant foreign direct investment (FDI) inflows, cementing its reputation as an attractive investment destination.

  • Total FDI disbursement: US$23.6 billion, marking a 7.8% increase year-on-year.
  • Top FDI sectors: Manufacturing, real estate, renewable energy, and technology.
  • Key FDI sources: South Korea, Japan, Singapore, and China.

“Vietnam remains a key priority for many global investors due to its strategic location, competitive labor force, and government incentives,” emphasized Sophie Dao. “At GBS, we’ve facilitated numerous foreign investments this year, and the momentum remains strong.”

Policy Measures and Economic Governance

The Vietnamese government introduced key policy measures to stabilize and drive growth:

  • VAT Reduction: A 2% cut on selected goods and services boosted domestic consumption.
  • Digital Transformation Initiatives: Promoted e-governance and digital payment adoption.
  • Infrastructure Development: Investments in transportation, logistics, and smart cities enhanced connectivity and resilience.

“The Vietnamese government’s proactive policy approach has created a fertile ground for both domestic and foreign enterprises,” commented Sophie Dao.

Challenges and Opportunities Ahead

Key Challenges:

  • Global economic uncertainties and supply chain disruptions.
  • Climate-related risks, including natural disasters.
  • Overdependence on key export markets.

Key Opportunities:

  • Demographic Dividend: A young, tech-savvy workforce driving consumption and innovation.
  • Growing Middle Class: Rising incomes and evolving consumption habits.
  • Global Supply Chain Realignment: Vietnam is becoming a preferred destination for manufacturing and logistics investments.

“The opportunities far outweigh the challenges, especially for foreign investors with long-term visions,” said Sophie Dao.

Outlook for 2025 and Beyond

The economic outlook for 2025 remains optimistic:

  • GDP growth projected above 7%.
  • Trade activities expected to maintain strong momentum.
  • FDI inflows anticipated to grow further.
  • Digital transformation to boost productivity across industries.

“Vietnam’s economic growth trajectory is well-positioned for sustained success,” concluded Sophie Dao. “At GBS, we remain committed to guiding global investors in seizing the opportunities Vietnam offers.”

Vietnam’s 2024 economic performance underscores its strength, adaptability, and growth potential. With robust GDP expansion, a strong trade surplus, controlled inflation, and significant FDI inflows, the country is poised for sustainable economic growth.

As Vietnam looks ahead to 2025, it remains one of the most attractive investment destinations in Southeast Asia, offering unparalleled opportunities for businesses and investors seeking growth in a vibrant and dynamic market.

Vietnam’s Retail Industry Poised for Strong Growth

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Vietnam’s retail sector is witnessing remarkable growth, driven by favorable economic conditions, rising incomes, urbanization, and changing consumer behavior.

With a dynamic and youthful population, increasing disposable incomes, and widespread digital adoption, the sector is set to become a key driver of the country’s economic expansion.

Impressive Growth Projections

Tien Phong Securities forecasts a 12.05% growth rate for Vietnam’s retail market from 2024 to 2029. Growth is fueled by a burgeoning middle class, digital payment adoption, and the rise of modern retail formats.

Consumer confidence and rising disposable incomes are solidifying the retail sector’s role in economic recovery.

Sophie Dao, Senior Partner at GBS – Global Business Services LLC, emphasized: “Vietnam offers an incredibly dynamic retail landscape with immense opportunities for foreign investors. The combination of a rapidly growing middle class, strong digital infrastructure, and increasing openness to foreign participation makes this market highly attractive. At GBS, we’ve seen a surge in inquiries from global brands eager to establish their footprint in Vietnam. The future here is undoubtedly promising.”

Demographic Advantages

Vietnam’s population exceeds 100 million, with over 70% under the age of 40. By 2025, GDP per capita is expected to exceed $5,000, stimulating increased consumer spending. The middle class is projected to represent 26% of the population by 2026, with an additional 23.2 million people joining this group by 2033.

“Vietnam’s demographic dividend is a cornerstone of its retail success,” Sophie Dao added. “This young, tech-savvy population is setting new consumption trends, which are highly favorable for innovative and adaptable foreign brands.”

Key Drivers of Retail Growth

Modern Retail Network Expansion: Supermarkets, convenience stores, and online platforms are reaching rural markets, improving accessibility and convenience. Digital Payment Adoption: Around 40% of consumers now use banking apps for shopping, reflecting a shift toward cashless transactions. Government Support: Policies promoting digital transformation and a 2% VAT reduction are stimulating spending.
Favorable Demographics: High workforce participation, including strong female workforce engagement, supports sustained spending.

“The Vietnamese government’s commitment to fostering a digital economy and supporting infrastructure development is creating a fertile ground for retail innovation,” said Sophie Dao. “This proactive approach gives foreign players the confidence to invest and grow sustainably in Vietnam.”

Changing Consumer Trends

Growing demand for eco-friendly and high-quality products. A shift from price sensitivity to value-driven consumption and Increased brand loyalty among consumers.

Sophie Dao noted: “The Vietnamese consumer is becoming more discerning, favoring quality, sustainability, and trusted brands. Foreign investors who understand these trends and align their strategies accordingly will have a significant competitive edge.”

Leading Retail Enterprises

Mobile World Investment Corporation (MWG): Focuses on operational efficiency and strategic restructuring, with growth expected from grocery chain Bách Hóa Xanh and consumer electronics brand Erablue.

Digiworld (DGW): Anticipates growth due to foreign direct investment (FDI) inflows boosting consumer confidence.

FPT Retail (FRT), Masan Group (MSN), and Phú Nhuận Jewelry JSC (PNJ) are also positioning for significant growth.

“We are witnessing successful partnerships between local giants and international brands,” said Sophie Dao. “This collaboration not only accelerates growth but also brings global standards and innovation into Vietnam’s retail ecosystem.”

Future Outlook

Mordor Intelligence predicts a 12.1% CAGR for Vietnam’s retail sector from 2024 to 2029. Retail stocks are expected to rebound, supported by increased demand, consumer spending, and economic recovery momentum.

“Vietnam is on the brink of becoming a regional retail hub,” Sophie Dao concluded. “With the right strategic approach, foreign players have an unprecedented opportunity to thrive in this market. At GBS, we are proud to support international investors in navigating Vietnam’s vibrant retail landscape and unlocking its full potential.”

Vietnam’s retail industry stands at the forefront of economic growth, supported by a favorable demographic profile, policy incentives, and a growing middle class. As digital transformation and evolving consumer trends continue to reshape the market, the sector remains ripe with opportunities for both domestic and international players.

Vietnam’s Car Production Rises by 27% in 2024 Amid Strategic Growth Efforts

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Vietnam’s domestic car production is estimated to reach 388,500 units in 2024, reflecting a 27% increase compared to 2023, according to the General Statistics Office (GSO).

During the three-month registration fee reduction period from September to November, approximately 134,500 vehicles were produced, accounting for one-third of the total annual output.

However, December 2024 saw a drop in production to 47,000 units, down from 52,400 units in November, primarily due to the expiration of the 50% registration fee reduction policy for domestically manufactured and assembled cars. In anticipation of reduced demand, manufacturers scaled back production to prevent excessive inventory as they entered 2025.

By the end of November 2024, sales of domestically assembled vehicles reached 159,868 units, representing a 1.6% year-on-year increase and accounting for 59.5% of total car sales in Vietnam.

While the growth appears modest, it is significant given that the 2024 registration fee reduction policy lasted only three months, compared to six months in 2023.

Strategic Investments Drive Future Growth

Looking ahead, Vietnam’s automotive sector is poised for continued growth, driven by increased manufacturing investments and the entry of new international players.

Chinese brands Omoda, Jaecoo (Chery), Geely, and Lynk & Co. are establishing manufacturing facilities in Thai Binh to serve the domestic and regional markets.

Skoda, a European car brand, began trial operations of its manufacturing plant in Quang Ninh at the end of 2024. The factory, with an annual capacity of 120,000 units, is set to begin commercial operations in early 2025.

VinFast, Vietnam’s homegrown automaker, commenced construction of an electric vehicle (EV) factory in Ha Tinh. The plant will focus on producing the VF 3 and VF 5 models, two of the company’s most popular vehicles.

A Luxury car. Credit: Sourav Mishra/ pexels.com
Vietnam’s Automotive Future

The establishment of domestic manufacturing facilities will not only secure stable supply chains but also enable automakers to leverage government support policies effectively. These developments are expected to boost sales, drive further investment, and position Vietnam as an emerging automotive hub in the region.

Cold Air Mass to Bring Freezing Temperatures to Northern and Central Vietnam

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The National Center for Hydro-Meteorological Forecasting predicts that a cold air mass will begin affecting Vietnam’s Northeast region around noon and afternoon on January 9, gradually extending to the North Central, parts of the Northwest, and Central Central regions.

By the night of January 10, the cold air will intensify, spreading further across the Northwest, Central Central, and some areas in the South Central region. Inland areas will experience northeast winds at levels 2-3, while coastal regions may see winds at levels 3-4.

In the coming days, Northern Vietnam and the North and Central Central regions will remain cold. Mountainous and midland areas in the North are expected to face bitterly cold conditions, with high mountainous regions likely to experience frost and icy conditions.

  • Northern plains: 9-12°C
  • Northern mountainous areas: 6-9°C
  • High mountainous areas: Below 5°C
  • North Central region: 10-13°C
  • Quang Binh to Hue: 14-17°C

In Hanoi, temperatures will drop to 9-12°C, maintaining cold conditions in the capital.

Commuters in Hanoi. Photo: Nam Tran

Additionally, under the influence of this cold air mass, regions from Ha Tinh to Binh Dinh may experience rain, scattered showers, and thunderstorms starting from the afternoon of January 9, with localized areas likely to see heavy rainfall.

Residents in affected areas are advised to prepare for severe weather conditions and take precautions against potential health risks caused by the cold snap.

Vietnam vs. Europe: Which Offers a Better Quality of Life?

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In an increasingly globalized world, the question of where one can find a better quality of life—Vietnam or Europe—depends on personal priorities, career goals, and lifestyle preferences. Both regions offer unique advantages and face their own challenges.

Let’s take a closer look at key factors that define life in these two contrasting yet equally fascinating regions.

1Economic Opportunities

Vietnam is experiencing rapid economic growth, with thriving industries such as technology, banking, and real estate. The country is an attractive hub for entrepreneurs and professionals seeking to capitalize on emerging markets. The cost of living remains relatively low, allowing individuals to achieve financial comfort more easily.

In contrast, Europe boasts a mature and stable economy with well-established labor laws and social welfare systems. High salaries and strong legal protections ensure financial security, but taxes and living costs can be significantly higher.

Verdict: Vietnam appeals to those seeking entrepreneurial growth and affordability, while Europe offers economic stability and structured opportunities in established industries.

Quality of Life

Vietnam offers a vibrant social scene, rich culinary culture, and affordable leisure activities. While urban infrastructure is rapidly improving, it still lags behind European standards in areas like healthcare and public transportation.

Europe, on the other hand, is renowned for its high-quality healthcare, education, and robust public infrastructure. Countries like Sweden, Germany, and France consistently rank high in global quality-of-life indices.

Verdict: Europe generally excels in public services and infrastructure, but Vietnam scores high in affordability and cultural vibrancy.

Work-Life Balance

Work culture in Vietnam often emphasizes long hours and professional ambition. However, affordable leisure options and a strong community spirit provide balance for many professionals.

In Europe, especially in countries like Denmark, the Netherlands, and Germany, work-life balance is considered a fundamental right. Shorter workweeks, ample vacation policies, and employee protections are deeply embedded in European work culture.

Verdict: Europe leads the way in promoting work-life balance, though Vietnam offers a dynamic and rewarding professional environment.

Cultural Experience

Vietnam is a treasure trove of cultural heritage, from traditional festivals to the warmth of local communities. Life here is a blend of fast-paced urban energy and serene rural landscapes.

Europe, with its diverse array of cultures, languages, and histories, offers an equally rich experience. Iconic art, architecture, and centuries-old traditions are part of everyday life.

Verdict: Vietnam shines in community warmth and vibrant traditions, while Europe offers unmatched cultural diversity and historical depth.

Cost of Living

Vietnam remains one of the most affordable countries in Asia. From housing to food and transportation, living costs are significantly lower compared to Europe.

In Europe, expenses vary widely. Western and Northern European countries tend to be costly, while Southern and Eastern Europe offer more budget-friendly lifestyles.

Verdict: Vietnam is the clear winner in affordability, but Europe balances higher costs with stronger social safety nets and higher wages.

Education and Healthcare

Vietnam has made significant strides in improving education and healthcare, but quality can vary, especially in rural areas. Private institutions offer higher standards but at a premium price.

Europe, by contrast, is home to world-class education systems and universally accessible healthcare services. Countries like Finland and Germany set global standards in both sectors.

Verdict: Europe takes the lead in education and healthcare.

Environment and Urban Planning

Vietnam faces environmental challenges, including pollution and urban congestion. However, the country is making notable efforts in green initiatives and sustainable development.

Europe, with its strong environmental regulations, clean air, and abundant green spaces, stands out as a global leader in environmental sustainability.

Verdict: Europe sets the gold standard for environmental quality and urban planning.

Final Thoughts: Which is Better?

Choosing between life in Vietnam and Europe ultimately depends on individual preferences:

  • Choose Vietnam if: You value affordability, entrepreneurial opportunities, and cultural vibrancy in a rapidly growing economy.
  • Choose Europe if: You prioritize stability, better public services, work-life balance, and environmental sustainability.

Both regions offer compelling reasons to call them home. For some, the energy and opportunity of Vietnam will outweigh its challenges, while others may find Europe’s structure and quality of life more appealing. In the end, the “better” choice depends on your dreams, ambitions, and the lifestyle you seek.

Prudential khởi động chương trình “Tăng cường sức khỏe chủ động” nhằm nâng cao nhận thức về biến đổi khí hậu và kỹ năng phòng chống dịch bệnh.

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Vào trung tuần tháng 12 năm 2024, tại trường Tiểu học Võ Thị Sáu, thành phố Tam Kỳ, tỉnh Quảng Nam, sự kiện khởi động chương trình “Tăng cường sức khỏe chủ động” đã diễn ra thành công với sự tham dự của hơn 500 học sinh, đội ngũ giáo viên, phụ huynh cùng đại diện từ Sở Giáo dục và Đào tạo tỉnh Quảng Nam, Phòng Giáo dục và Đào tạo Tam Kỳ, Núi Thành và Thăng Bình.

Đặc biệt, sự kiện còn có sự tham gia của các đơn vị tổ chức gồm Công ty TNHH Bảo hiểm Nhân thọ Prudential Việt Nam (Prudential), Công ty TNHH Quản lý Quỹ Eastspring Investments Việt Nam và đối tác Trung tâm Tuổi trẻ Thành đạt Junior Achievement Vietnam (JA Vietnam).

Theo báo cáo của Global Climate Risk Index, Việt Nam hiện đứng thứ 13 trong số các quốc gia chịu ảnh hưởng nặng nề nhất từ biến đổi khí hậu. Đặc biệt, tại các tỉnh miền núi trên địa bàn tỉnh Quảng Nam, hơn 40% dân cư và học sinh chưa được trang bị đầy đủ kiến thức về vệ sinh môi trường và phòng chống dịch bệnh. Cũng theo UNICEF, trẻ em là nhóm dễ bị tổn thương nhất bởi tác động tiêu cực của biến đổi khí hậu đối với sự phát triển thể chất và tinh thần. Nhiệt độ tăng trung bình 1 độ C dẫn đến số trẻ em mắc bệnh truyền nhiễm tăng 20% ​​trong khi 27% trẻ em dưới 10 tuổi bị suy dinh dưỡng do thiếu kiến ​​thức về vệ sinh và dinh dưỡng. 

Do vậy, việc tăng cường trang bị kiến thức và kỹ năng chăm sóc sức khỏe chủ động không chỉ là nền tảng giúp giảm thiểu nguy cơ dịch bệnh mà còn nâng cao khả năng thích ứng và phục hồi trong cộng đồng. Xuất phát từ thực tiễn đó, chương trình được ra đời với sứ mệnh nâng cao nhận thức về biến đổi khí hậu và kỹ năng phòng chống dịch bệnh ngay tại môi trường học đường. Đồng thời, chương trình góp phần xây dựng một hệ sinh thái chăm sóc sức khỏe chủ động với sự tham gia tích cực từ gia đình-nhà trường-học sinh, trong đó nhà trường giữ vai trò then chốt nhằm duy trì tác động lâu dài và bền vững tại địa phương.

Cụ thể, dự án được triển khai thông qua các hoạt động đa dạng từ chương trình học, hội thảo phụ huynh, đến thăm khám sức khỏe miễn phí. Trên hết, tất cả các chương trình học đều được địa phương hóa, đơn giản hóa qua câu chuyện và video để các em học sinh dễ tiếp thu và lan tỏa rộng rãi tới xung quanh. 

Các em học sinh tham gia hoạt động gắn kết tại sự kiện

Dự kiến sẽ có hơn 50 trường học, 15,000 học sinh cùng 900 giáo viên và phụ huynh được hưởng lợi từ chương trình, trong đó, 100% học sinh và giáo viên tại 25 trường được hưởng lợi từ các công trình chăm sóc sức khỏe. Các kiến thức và kỹ năng liên quan tới biện pháp và cách điều trị các bệnh thông thường do biến đổi khí hậu cũng đều được nâng cao một cách mạnh mẽ.

Chương trình Khởi động bao gồm phần Lễ chính thức khai mạc chương trình cùng các phần trò chơi tương tác giới thiệu nhân vật, chủ đề của chương trình về biến đổi khí hậu và sức khỏe. Tiếp đó, từ tháng 1 – 7/2025, chương trình “Tăng cường sức khỏe chủ động” sẽ tiếp tục đẩy mạnh với những hoạt động xoay quanh tập huấn cho giáo viên, giảng dạy và phổ cập kiến thức về biến đổi khí hậu và phòng chống dịch bệnh, các hội thảo dành cho bậc phụ huynh. Giữ vai trò trọng điểm của chương trình, từ tháng 4 – 7/2025, cuộc thi “Sáng kiến chăm sóc sức khỏe chủ động” sẽ được tổ chức nhằm lựa chọn và hiện thực hóa 25 sáng kiến khả thi và có sức ảnh hưởng tích cực đến sức khỏe của học sinh và cộng đồng.

Đến với chương trình này, Prudential đặt mục tiêu tạo tác động tích cực tới cộng đồng lên hàng đầu, với đích đến 85% học sinh được nâng cao kiến thức và kỹ năng về các biện pháp và cách điều trị các bệnh thông thường do biến đổi khí hậu, đồng thời ít nhất 80% học sinh cam kết thực hành các thói quen lành mạnh ở trường và tại nhà. 

Đại diện Prudential, chính quyền địa phương, đối tác, thầy cô giáo, học sinh chụp ảnh lưu niệm sau chương trình.

Đại diện Prudential chia sẻ: “Đồng hành cùng JA Vietnam lần này, chúng tôi kỳ vọng sẽ vun đắp cho những sáng kiến trong việc chăm sóc sức khỏe được hiện thực hóa, hướng đến cam kết góp phần thúc đẩy một tương lai khỏe mạnh và bền vững. Hơn hết, chúng tôi tin rằng chương trình sẽ mang những đóng góp tích cực đến hành trình phát triển bền vững với giải pháp toàn diện trong việc nâng cao nhận thức của cộng đồng về biến đổi khí hậu”  

Là một trong những doanh nghiệp kiểu mẫu trên thị trường bảo hiểm trong suốt 25 năm có mặt tại Việt Nam Prudential luôn nhìn nhận sự đồng hành cùng cộng đồng và xã hội như một yếu tố cốt lõi và là một phần không thể tách rời trong tầm nhìn chiến lược về phát triển bền vững. Chương trình “Tăng cường sức khỏe chủ động” sẽ là cột mốc quan trọng nhằm đánh dấu và hoàn thiện hành trình phát triển bền vững của Prudential, bên cạnh việc tạo dựng giá trị lâu dài cho cộng đồng.

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