Danh sách 33 doanh nghiệp nộp thuế trên 1.000 tỷ đồng vừa được công bố có tên một doanh nghiệp bảo hiểm nhân thọ cho thấy dù nhiều thách thức, nhưng ngành bảo hiểm vẫn có nhiều cơ hội bứt phá trong 2025.
Vừa qua, Kho bạc Nhà nước TP.HCM vừa tổ chức hội nghị truyền thông báo cáo kết quả thu chi ngân sách nhà nước TP.HCM năm 2024. Báo cáo cho biết tổng thu ngân sách năm 2024 của thành phố đã vượt dự toán, đạt gần 510.000 tỷ đồng. Trong 89 tập thể được biểu dương về đóng góp cho thành phố, có tới 59 đơn vị là khối doanh nghiệp. Ở khối doanh nghiệp này, có tới 33 doanh nghiệp đã đóng góp thuế trên 1.000 tỷ đồng cho thành phố, với nhiều tên tuổi quen thuộc của nhóm ngành thương mại, sản xuất, tài chính, bảo hiểm.
Đáng chú ý, ở nhóm tài chính – bảo hiểm có 8 ngân hàng trong nước và quốc tế, và một đơn vị bảo hiểm nhân thọ góp mặt trong “Câu lạc bộ nộp thuế nghìn tỷ” tại TP.HCM là Prudential Việt Nam. Đây được cho là một trong những điểm sáng của thị trường bảo hiểm, trong bối cảnh còn nhiều khó khăn hiện nay.
Điểm sáng thị trường bảo hiểm
Theo đại diện Prudential, trong giai đoạn từ 2020-2023, đơn vị đã thực hiện nghĩa vụ đóng thuế gần 4.000 tỷ đồng thuế vào ngân sách nhà nước, riêng năm 2023 là 1.231 tỷ đồng.
Chuyên gia kinh tế, PGS.TS Đinh Trọng Thịnh
PGS.TS Đinh Trọng Thịnh, chuyên gia kinh tế cũng cho rằng, doanh thu đóng góp thuế của doanh nghiệp bảo hiểm, nhất là Prudential đã tạo ra điểm sáng cho thị trường bảo hiểm sau nhiều khó khăn về chỉ số niềm tin và thách thức kinh tế thị trường.
Thực tế, số liệu từ Tổng cục Thống kê chỉ ra, tính chung năm 2024, doanh thu phí của toàn thị trường bảo hiểm ước đạt 227.500 tỷ đồng, giảm nhẹ 0,25% so với cùng kỳ. Trong đó, doanh thu phí bảo hiểm nhân thọ dù đạt 149.200 tỷ đồng nhưng đã giảm 5% so với năm ngoái.
Như vậy, nếu xét vào bức tranh của toàn ngành, thì đây là tín hiệu tích cực để tạo đà tăng trưởng cho năm 2025.
Ngành bảo hiểm còn nhiều tiềm năng phát triển
Nhìn vào danh sách 33 doanh nghiệp nộp thuế trên 1.000 tỷ đồng trong năm 2024, Tiến sĩ Huỳnh Thanh Điền, chuyên gia kinh tế cũng bày tỏ sự vui mừng khi hầu hết các doanh nghiệp nằm ở lĩnh vực thương mại, dịch vụ, tài chính, bảo hiểm. Theo đó, các đơn vị này đã mang về nguồn ngân sách lớn cho TP, góp phần gia tăng số thu ngân sách chung của TP, vượt xa so với dự toán. Cụ thể, tính đến hết 2024, số thu ngân sách của TP.HCM đã tiệm cận con số 510.000 tỷ đồng, trong khi kế hoạch do UBND TP.HCM giao là 482.851,1 tỷ đồng.
TS Huỳnh Thanh Điền
“Đây thực sự là lợi thế của TP.HCM, cho thấy nền kinh tế đang phục hồi, đặc biệt vào cuối năm 2024”- TS Huỳnh Thanh Điền nhận xét.
Cũng theo vị này, các doanh nghiệp gặp khó khăn đầu năm, nhưng tăng trưởng tốt vào cuối năm thì sẽ tạo tiền đề bứt phá cho năm 2025. Điều này cũng tương tự ở khối ngành bảo hiểm. TS Huỳnh Thanh Điền cũng tin rằng, khi các ngành nghề phục hồi, nhất là sản xuất sẽ kéo theo sự tăng trưởng của nhóm ngành tài chính – bảo hiểm, từ đó kỳ vọng tạo ra chu kỳ tăng trưởng mới.
Ở góc độ doanh nghiệp, đại diện Prudential cũng thông tin, trong năm 2025, đơn vị này sẽ tiếp tục duy trì các tiêu chuẩn cao nhất về quản trị và vận hành, đảm bảo việc tuân thủ theo các thay đổi của ngành. Từ đó tạo nền tảng để tiếp tục tạo đà phát triển không chỉ là sản phẩm, dịch vụ mà còn là đội ngũ nòng cốt, sẵn sàng nắm bắt những cơ hội và vượt qua những thách thức trong tương lai.
PGS.TS Đinh Trọng Thịnh cũng cho rằng, với những hành lang pháp lý, và quản lý sự thay đổi của doanh nghiệp trong sản phẩm mới, ngành bảo hiểm sẽ còn nhiều dư địa phát triển. Theo đó, Bộ Tài Chính cũng dự đoán, tổng doanh thu phí bảo hiểm ước dự kiến sẽ tăng 0,05% so với cùng kỳ năm trước. Trong đó doanh thu phí bảo hiểm trong lĩnh vực bảo hiểm phi nhân thọ sẽ tăng 9,77% và lĩnh vực bảo hiểm nhân thọ ước tăng 3%.
Vietnam, a land of breathtaking natural beauty, rich history, and vibrant culture, is a must-visit destination for travelers from around the world. From stunning mountain landscapes to pristine beaches and bustling cities, Vietnam has something to offer for everyone.
Here’s a guide to the top 10 places every foreign tourist should explore.
1. Ha Long Bay – The Jewel of Vietnam
Famous for its emerald waters and limestone karsts, Ha Long Bay is a UNESCO World Heritage Site and a true natural wonder. Tourists can enjoy cruises, kayaking, and exploring caves like Sung Sot (Surprise Cave).
Must-try experience: Spend a night on a luxury cruise to witness the sunrise over the bay.
2. Hanoi – The Historic Capital
Hanoi in Autumn, which is the best season of the year. Photos: Khanh Huy/ Hanoi Times
The heart of Vietnam, Hanoi, blends ancient history with modern charm. Explore the Old Quarter, the Ho Chi Minh Mausoleum, and the serene Hoan Kiem Lake. The city’s street food, like pho and banh mi, is world-renowned.
Must-try experience: Watch a traditional water puppet show.
3. Sapa – Land of Mountains and Ethnic Diversity
Located in the northern highlands, Sapa is famous for its terraced rice fields, Fansipan Mountain (the “Roof of Indochina”), and ethnic minority cultures. Trekking through villages like Cat Cat and Ta Van is a highlight.
Must-try experience: Interact with the local Hmong people and learn about their traditional crafts.
4. Hue – The Imperial City
Hue, once the imperial capital, is a cultural treasure trove. The city is home to the Hue Citadel, royal tombs, and the iconic Perfume River.
Must-try experience: Take a boat ride on the Perfume River at sunset.
5. Hoi An – The Ancient Town
This charming town is a UNESCO World Heritage Site, known for its preserved architecture, lantern-lit streets, and tailor shops. Hoi An’s beaches, like An Bang, add to its appeal.
Must-try experience: Release a lantern during the monthly Full Moon Festival.
6. Da Nang – Coastal Paradise
A vibrant city with a mix of stunning beaches and modern attractions, Da Nang is the gateway to the Marble Mountains, Ba Na Hills, and the Golden Bridge.
Must-try experience: Visit the Golden Bridge for spectacular views and Instagram-worthy photos.
7. Nha Trang – Beach and Underwater Adventures
Known for its beautiful coastline, Nha Trang is a hub for snorkeling, scuba diving, and island-hopping. Don’t miss the Vinpearl Resort and its amusement park.
Must-try experience: Take a cable car ride to Vinpearl Island.
8. Dalat – The City of Eternal Spring
Dalat’s cool climate, French-inspired architecture, and lush landscapes make it a romantic getaway. The city is surrounded by waterfalls, lakes, and pine forests.
Must-try experience: Explore the Crazy House, a surreal architectural marvel.
9. Ho Chi Minh City – The Bustling Metropolis
Vietnam’s Saigon by night
Vietnam’s largest city, Ho Chi Minh City, is a dynamic mix of skyscrapers, colonial landmarks, and vibrant markets. Visit the War Remnants Museum and Ben Thanh Market for a taste of local life.
Must-try experience: Enjoy the nightlife at Bui Vien Street.
10. Mekong Delta – The Land of Rivers
The Mekong Delta offers a glimpse into Vietnam’s rural life. Explore its floating markets, lush orchards, and winding canals by boat.
Must-try experience: Visit the Cai Rang Floating Market for fresh produce and local delicacies.
Vietnam’s diversity in landscapes, culture, and cuisine makes it a dream destination for travelers. Whether you seek adventure, relaxation, or cultural immersion, Vietnam promises an unforgettable journey. Plan your trip now and experience the magic of this enchanting country!
In the fast-paced world of cryptocurrency trading, Immediate Edge has emerged as a popular platform for both novice and seasoned traders looking to carve out Immediate Edge for profits. This automated trading software promises to simplify the trading process by leveraging advanced algorithms to predict market movements and execute trades with remarkable precision. But what does a typical day look like for an Immediate Edge user? Let’s dive into the daily routine and experiences of someone who uses this platform to navigate the volatile crypto markets efficiently.
Starting the Day: Morning Routine
Reviewing Market News and Updates
Every successful trader knows the importance of staying informed. The day begins with a thorough review of the latest market news and updates. Immediate Edge users often start by checking major financial news websites, cryptocurrency forums, and social media platforms to gather insights on market trends and potential events that could impact their trading strategy.
Immediate Edge provides users with real-time data and analytics, which can be crucial for making informed decisions. Users typically spend some time analyzing this data, looking for patterns or signals that might indicate a profitable trading opportunity. This initial review sets the tone for the rest of the day, helping users to align their strategies with current market conditions.
Setting Up the Trading Platform
Once the market overview is complete, it’s time to set up the Immediate Edge platform for the day. Users log into their accounts and review their current portfolio, checking the status of open trades and any pending orders. This is also an opportunity to adjust trading parameters, such as stop-loss limits and investment amounts, based on the latest market insights.
Immediate Edge offers a user-friendly interface that allows traders to customize their settings easily. This flexibility is particularly beneficial for users who want to tailor their trading strategies to their risk tolerance and financial goals. By setting up the platform early in the day, users can ensure they are ready to capitalize on any trading opportunities that arise.
Midday: Active Trading
Monitoring Market Movements
As the day progresses, Immediate Edge users remain vigilant, monitoring market movements closely. The platform’s automated trading feature allows users to execute trades without constant manual intervention, but staying informed is still crucial. Users keep an eye on key indicators and price charts, ready to make adjustments if necessary.
Immediate Edge’s algorithm is designed to identify profitable trades based on historical data and market analysis. However, users often supplement this with their own research and intuition, ensuring they are not solely reliant on the software. This combination of automation and personal oversight helps users to maximize their trading potential.
Executing Trades
Throughout the day, Immediate Edge users may execute several trades, depending on market conditions and their individual strategies. The platform’s automation capabilities mean that trades can be executed quickly and efficiently, often capitalizing on short-term price fluctuations that might be missed by manual trading.
Users appreciate the speed and precision of Immediate Edge, which can be particularly advantageous in the fast-moving world of cryptocurrency. By executing trades at the optimal moment, users can enhance their profitability and reduce the risk of losses. This active trading phase is a dynamic and exciting part of the day, as users engage directly with the market.
Afternoon: Strategy Review and Adjustment
Analyzing Performance
As the afternoon unfolds, Immediate Edge users take time to review their trading performance. This involves analyzing the outcomes of executed trades, assessing profit and loss, and identifying any patterns or trends that could inform future strategies. This reflective process is essential for continuous improvement and learning.
Immediate Edge provides detailed reports and analytics, making it easier for users to evaluate their performance. By understanding what worked well and what didn’t, users can refine their strategies and enhance their trading skills. This ongoing analysis is a key component of a successful trading routine.
Adjusting Strategies
Based on the performance analysis, users may decide to adjust their trading strategies. This could involve changing investment amounts, modifying risk management parameters, or exploring new trading opportunities. Flexibility and adaptability are crucial in the ever-changing world of cryptocurrency trading.
Immediate Edge users appreciate the platform’s ability to accommodate different strategies and preferences. Whether they are pursuing a conservative approach or a more aggressive one, the platform’s customizable features allow users to tailor their experience to their needs. This adaptability is a significant advantage for those looking to optimize their trading outcomes.
Evening: Reflection and Planning
Reflecting on the Day’s Activities
As the trading day comes to a close, Immediate Edge users take time to reflect on their activities. This reflection involves considering the decisions made, the trades executed, and the overall market conditions. By reflecting on the day’s events, users can gain valuable insights that will inform their future trading strategies.
Reflection is an important part of the learning process, allowing users to build on their successes and learn from their mistakes. Immediate Edge users often keep a trading journal, documenting their experiences and observations. This practice helps to reinforce learning and supports ongoing development as a trader.
Planning for the Next Day
With the day’s activities reviewed, users turn their attention to planning for the next trading day. This involves setting goals, identifying potential opportunities, and preparing for any upcoming market events that could impact their trading strategy. Effective planning is essential for maintaining a proactive and strategic approach to trading.
Immediate Edge users benefit from the platform’s comprehensive resources and tools, which support informed decision-making and strategic planning. By setting clear objectives and preparing for the next day, users can approach their trading with confidence and clarity. This forward-thinking mindset is a hallmark of successful traders.
Conclusion: The Life of an Immediate Edge User
A day in the life of an Immediate Edge user is dynamic and multifaceted, involving a blend of analysis, strategy, and execution. From morning market reviews to evening reflections, users engage with the platform and the cryptocurrency market in a way that is both structured and flexible. Immediate Edge provides the tools and resources needed to navigate this complex landscape, empowering users to pursue their trading goals with confidence.
Whether they are new to trading or experienced professionals, Immediate Edge users appreciate the platform’s ability to streamline the trading process and enhance their decision-making capabilities. By leveraging advanced technology and maintaining a disciplined approach, users can maximize their potential and thrive in the exciting world of cryptocurrency trading.
Vietnam’s manufacturing sector is on the rise, positioning itself as a key player in the global economy. With its robust economic growth, strategic location in Southeast Asia, and strong trade relationships, the country is quickly becoming a manufacturing hub for both international businesses and global brands.
As we look ahead to 2025, Vietnam’s manufacturing landscape is expected to undergo significant transformation, with advancements in technology, infrastructure, and investment making it an increasingly attractive destination for global manufacturers.
A Strong Start to the Decade
In the aftermath of the COVID-19 pandemic, Vietnam has demonstrated remarkable resilience, achieving an impressive GDP growth rate of 7.09% in 2024.
As one of the few countries to quickly regain its footing, Vietnam’s manufacturing sector has played a pivotal role in this recovery. According to the General Statistics Office of Vietnam, the processing and manufacturing industry remains the backbone of the country’s economic growth, expanding by 9.83%. While this growth rate is lower than those recorded in 2011, 2016, 2017, 2018, and the overall 2011–2024 period, it contributed 2.49 percentage points to the GDP.
This performance is largely credited to domestic policies designed to stimulate the economy and attract foreign investment, along with Vietnam’s strategic positioning within global supply chains.
To explore how Vietnam is transforming into a global manufacturing powerhouse by 2025, this engaging video delves into the industries, infrastructure projects, and technological advancements driving its growth. Discover the opportunities and challenges shaping Vietnam’s position in the global economy.
Key Industries Leading the Charge
Vietnam’s manufacturing sector is highly diversified, with several key industries leading the charge. These include textiles and garments, footwear, furniture, electronics, and home decor. The textile and garment industry has long been a cornerstone of the Vietnamese economy, with global giants like Nike, Adidas, and H&M sourcing products from the country. With competitive labor costs, skilled workers, and access to major markets like the US and Europe, Vietnam continues to solidify its position as a leading apparel exporter.
The furniture sector is another major contributor to Vietnam’s manufacturing growth. The country is home to a large number of furniture manufacturers that produce high-quality, affordable products for international markets. From indoor furniture to home decor, Vietnam’s factories have earned a reputation for producing well-crafted items that meet the demands of brands like IKEA and Ashley Furniture. As the demand for sustainable and eco-friendly furniture increases, Vietnam is poised to capitalize on this trend by investing in green manufacturing practices.
Footwear manufacturing is also a significant part of Vietnam’s economic landscape, with the country being the second-largest exporter of shoes globally. The footwear sector has benefited from the shift in global supply chains, as brands seek alternatives to China. Vietnam’s expertise in producing high-quality shoes, particularly for international brands such as Nike and Adidas, positions it as a strong contender in the global footwear market.
A critical factor in Vietnam’s manufacturing growth in 2025 will be its ongoing infrastructure development. The Vietnamese government is making significant investments in both physical and digital infrastructure, which will enhance the efficiency of manufacturing operations and further boost the country’s appeal as a manufacturing destination. Key infrastructure projects include the expansion of transportation networks, the development of modern ports, and the construction of new metro lines in major cities like Ho Chi Minh City.
One of the most significant infrastructure projects currently underway is the development of a high-speed rail network. This rail system will improve connectivity between key industrial zones, making the transportation of goods faster and more cost-effective. The government’s focus on enhancing logistics infrastructure will reduce bottlenecks and improve Vietnam’s competitiveness in the global market.
The Role of Technology in Vietnam’s Manufacturing Future
As Vietnam moves toward becoming a high-tech manufacturing hub, the role of technology will be crucial. The government is actively encouraging investment in smart factories, automation, and Industry 4.0 technologies. This technological shift is designed to help manufacturers increase productivity, reduce costs, and enhance product quality.
By 2025, we can expect to see a significant rise in automation and robotics across various sectors, particularly in electronics, automotive, and textiles. The adoption of advanced manufacturing technologies will help Vietnam compete with regional neighbors, including China, and attract foreign direct investment (FDI) in high-tech industries.
In addition to automation, the rise of digital platforms for supply chain management, data analytics, and artificial intelligence will also play a key role in transforming Vietnam’s manufacturing landscape. These technologies will not only help improve efficiency but also enable manufacturers to deliver more customized products and respond more swiftly to market demands.
Foreign Direct Investment: A Key Driver of Growth
Foreign direct investment (FDI) has been a key driver of Vietnam’s manufacturing growth over the past decade, and this trend is expected to continue into 2025. According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), Vietnam’s FDI disbursement reached a record high of approximately 25.35 billion USD last year, marking an annual increase of 9.4%.
FDI inflows targeted 18 out of Vietnam’s 21 economic sectors, with the manufacturing and processing industry leading at 25.58 billion USD, followed by real estate at 6.31 billion USD. Vietnam has emerged as a preferred destination for foreign manufacturers due to its low labor costs, a growing middle class, and favorable trade agreements with major partners such as the US, the European Union, and Japan.
The global supply chain shift, accelerated by the US-China trade war, has further cemented Vietnam’s position as an attractive alternative to China for manufacturing. Many global companies are diversifying their supply chains by establishing production facilities in Vietnam, a trend that is expected to grow as the country continues to enhance its infrastructure and technological capabilities.
Notably, European and Japanese investors are increasingly viewing Vietnam as a long-term manufacturing hub. With a stable economy, competitive wages, and a strategic location, Vietnam provides an ideal environment for foreign companies seeking to expand their operations in Asia. The Vietnamese government is actively fostering a favorable environment for FDI by offering tax incentives, streamlining regulations, and improving overall business conditions.
Challenges Ahead
Despite its promising growth, Vietnam’s manufacturing sector faces several challenges. One of the most significant is the need to scale up its infrastructure and supply chains to match the capabilities of China. Vietnam’s infrastructure is improving, but it still lags behind China in terms of transportation networks, logistics efficiency, and production capacity.
Another challenge is the need to move beyond low-value manufacturing and shift toward high-tech and premium products. While Vietnam has made progress in attracting high-tech investment, it must continue to focus on developing its workforce and building expertise in cutting-edge industries such as robotics, artificial intelligence, and renewable energy.
Additionally, Vietnam’s reliance on exports for economic growth makes it vulnerable to fluctuations in global demand. The ongoing US-China trade tensions and potential changes in global trade agreements could impact Vietnam’s manufacturing sector, making it crucial for the country to diversify its markets and strengthen domestic demand.
Looking ahead to 2025, Vietnam’s manufacturing landscape is set to continue evolving. With its focus on infrastructure development, technological advancement, and foreign investment, Vietnam is on track to become a leading global manufacturing hub. By building on its strengths in traditional industries like textiles, furniture, and footwear, while also embracing emerging technologies and high-tech manufacturing, Vietnam is poised to compete on the global stage.
As the country continues to diversify its economy and expand its manufacturing capabilities, Vietnam is well-positioned to shape the future of global supply chains and play an integral role in the world economy. For businesses and investors looking for opportunities in Asia, Vietnam is undoubtedly a country to watch in the years to come.
Vietnam is committed to fostering an open and favorable environment for foreign investors, including those from the United States, Vietnam Party General Secretary affirmed during a meeting in Hanoi with Nicholas Berggruen, founder and chairman of Berggruen Holdings and the Berggruen Institute, and director of the Weatherhead East Asian Institute at Columbia University.
Highlighting the importance of Vietnam-U.S. ties, Party Chief emphasized the growing collaboration in education, culture, and people-to-people exchanges. “Vietnam values its comprehensive strategic partnership with the United States and is determined to deepen bilateral cooperation for the benefit of both nations’ people and enterprises,” he said.
Sophie Dao, Senior Partner at GBS, a leading investment consulting firm in Vietnam, praised these commitments. “Vietnam’s proactive efforts to attract foreign investment and build strong international partnerships are truly commendable. By prioritizing transparency and collaboration, the country continues to be a magnet for global investors,” she remarked.
Party General Secretary also pointed to the Vietnam-U.S. Comprehensive Strategic Partnership’s remarkable achievements, underscoring the critical role of businesses, scholars, and the public in driving progress. He encouraged Berggruen to explore new opportunities for investment and research in Vietnam and to facilitate partnerships between Columbia University and Vietnamese institutions.
Vietnam’s long-term goals, as outlined by the 13th National Party Congress, include becoming an upper-middle-income country by 2030 and a high-income developed nation by 2045. To achieve these ambitions, the country is focused on building an independent and self-reliant economy while actively integrating into the global community.
“Vietnam’s commitment to innovation, science, and technology, combined with its highly skilled workforce, makes it an attractive destination for investors seeking long-term opportunities,” Sophie Dao added. “At GBS, we’ve witnessed firsthand how Vietnam is leveraging its resources to create sustainable growth.”
During the meeting, Berggruen commended Vietnam’s achievements and leadership vision, pledging their continued support for initiatives to strengthen bilateral ties. They expressed confidence in Vietnam’s ability to meet its development goals and promised to help identify suitable investment opportunities that align with the nation’s priorities.
As Vietnam looks to the future, its focus on global integration, innovation, and sustainable development will position it as a key player on the world stage, attracting both foreign investments and strategic partnerships.
Ho Chi Minh City, Vietnam’s bustling economic hub, is undergoing a remarkable transformation. The skyline is now dominated by towering new buildings, while major international brands and restaurants have established a firm presence along its busy streets. This surge in development is fueled by increasing foreign investment, as the city opens its doors to new business opportunities, aided by significant reductions in bureaucratic red tape, Callum Stewart reported.
“Foreigners can now open restaurants, service companies, and shops with far greater ease than before,” noted Sophie Dao, Senior Partner at GBS, an investment consulting firm in Vietnam. This shift marks a stark contrast to the challenging environment of just a few years ago.
The city’s rapid growth has not gone unnoticed. Global real estate consultancy Jones Lang LaSalle has ranked Ho Chi Minh City as the second fastest-developing city in the world, putting it in the same league as Silicon Valley and London. The appeal lies in a combination of low operating costs and a young, educated workforce—an ideal foundation for sustained economic success.
Vietnam’s economy has maintained an impressive GDP growth rate of 6-7% annually over the past decade. However, this rapid development is not without challenges. Experts caution that maintaining this momentum will require careful management.
Key hurdles include a lack of transparency in government policies and infrastructure limitations. Traffic congestion in the city is becoming increasingly problematic, underscoring the urgent need for infrastructural upgrades.
Additionally, economists warn against unchecked investment inflows, drawing parallels to the exuberance of 2007-2008, when Vietnam struggled to absorb an overwhelming surge of capital. “The government must carefully manage the pace and nature of incoming investments to avoid overheating the market,” advised a financial analyst.
Despite these challenges, Ho Chi Minh City’s success story is well underway. If managed wisely, the city’s economy has the potential to achieve even greater heights, solidifying its position as a key player on the global stage.
In 2024, favorable visa policies, intensified tourism promotion efforts, and prestigious awards from international organizations have significantly boosted Vietnam’s appeal to international visitors.
In December 2024, international visitors to Vietnam reached 1.75 million, an increase of 27.4% over the same period last year. In 2024, international visitors to Vietnam reached nearly 17.6 million, an increase of 39.5% over the previous year and equal to 97.6% of 2019 – the year before the Covid-19 pandemic.
Of which, arrivals by air reached more than 14.8 million, accounting for 84.4% of international arrivals to Vietnam and increasing by 35.6% over the previous year; by road reached nearly 2.5 million, accounting for 14.2% and increasing by 63.3%; by sea reached nearly 248.1 thousand, accounting for 1.4% and increasing by 96.7%.
In 2024, the Korean market will account for the largest proportion of international visitors to Vietnam with 4.56 million arrivals. In 2024, Asia will contribute nearly 80% of the total number of international visitors to Vietnam. The four major markets in Northeast Asia, including China, South Korea, Taiwan (China), and Japan, will contribute nearly 60% of the number of visitors to Vietnam. Some markets that contribute a large number of international visitors to Vietnam are the US, Australia, India, Malaysia, Cambodia, and Thailand.
Revenue from accommodation and catering services in 2024 is estimated at VND 733.9 trillion, accounting for 11.5% of the total and up 12.9% over the previous year. Revenue from tourism and travel in 2024 is estimated at VND 62.5 trillion, accounting for 1.0% of the total and up 16.0% over the previous year as localities have actively promoted tourism since the beginning of the year, increasing the attraction of domestic and international visitors.
The number of Vietnamese people leaving the country in the fourth quarter of 2024 was 1.2 million, an increase of 3.4% over the same period last year. In general, in 2024, the number of Vietnamese citizens leaving through Vietnam’s border gates was 5.3 million, an increase of 5.5% over 2023.
Total revenue from tourists in Hanoi during the 2025 New Year holiday is estimated at VND594 billion, up 26% over the same period last year. The positive results on the first day of the new year are a premise for Hanoi tourism to aim for a higher goal for the whole year of 2025.
It is estimated that during the 2025 New Year holiday, the average room occupancy rate of 4-5 star hotels and tourist apartments in Hanoi will reach about 80%. Some apartment and hotel complexes have achieved quite high room occupancy rates such as: Sheraton Hanoi West Hotel, InterContinental Hanoi Landmark72 Hotel, Silk Path Hotel chain, La Nueva Boutique Hotel Hanoi, Lotte Hanoi Hotel…
Because the New Year holiday this year is only 1 day, most people choose to rest and travel on the spot. It is estimated that the number of tourists coming to Hanoi reached 160,000, up 17% over the same period last year, of which: international tourists are estimated at 28,400, up 67%; domestic tourists are estimated at 132,000, up 10%. Total revenue from tourists is estimated at 594 billion VND, up 26% over the same period last year.
The highlight of this year’s New Year’s Eve is the New Year countdown programs and fireworks displays in many areas of Hanoi, attracting a large number of people and tourists to visit and experience. The walking street space around Hoan Kiem Lake and its vicinity will operate from 7:00 p.m. on December 31, 2024 (Tuesday) to midnight on January 1, 2025 (Wednesday), along with traditional art performances that are of particular interest to people and tourists.
The suburban areas of Hanoi have many ideal destinations for people and tourists to enjoy the New Year holiday such as: Me Linh Flower Festival with brilliant flowers; tours to visit famous flower and ornamental plant villages of Hanoi: Hong Van ornamental plant village (Thuong Tin), Phu Dong tourist site (Gia Lam), Nhat Tan tourist area (Tay Ho), experience rural tourism and buy ornamental plants in Tich Giang (Phuc Tho district); experience the colorful space and incense stick making profession at Quang Phu Cau incense village (Ung Hoa district); explore and experience pottery making at Bat Trang ancient village…
According to the general assessment of the Hanoi Department of Tourism, on the occasion of the 2025 New Year, tourist accommodation service businesses and services that meet the standards for serving tourists in Hanoi have seriously implemented security, safety, fire prevention, food safety and hygiene, environmental sanitation and the reporting and declaration of temporary residence and temporary absence regimes have been fully complied with by accommodation and service units according to regulations.
Hanoi tourism aims for new goals
In recent times, it can be seen that the entertainment needs of people and tourists in the evening in Hanoi are very large, especially on the occasion of major holidays, vacations or important events. Therefore, night-time economic development models have been focused on development in recent years. Hanoi Department of Tourism issued Plan No. 30/KH-SDL dated March 27, 2024 on building and developing night tourism products in Hanoi.
Many night tour products have been put into operation and attracted a large number of participants and high appreciation from tourists such as: “Sacred Night” tour of Hoa Lo Prison Relic Site; “Decoding Thang Long Imperial Citadel” night tour, “Essence of Confucianism” night tour of Van Mieu – Quoc Tu Giam…; “Heart and Talent” literature tour; “Return to the Ancient Vietnamese Capital” tour… Evening activities on walking streets in Hanoi also attract the attention and participation of a large number of people and tourists.
Looking back at 2024, Hanoi tourism welcomed and served about 27.86 million visitors, an increase of 12.7% compared to 2023. Including: 6.35 million international visitors (including 4.47 million international visitors with accommodation), an increase of 34.4% compared to 2023 and 21.51 million domestic visitors, an increase of 7.5% compared to 2023. Total revenue from tourists reached about 110.52 trillion VND, an increase of 18.3% compared to 2023.
In 2024, Hanoi will continue to be voted and honored by prestigious travel organizations and consulting sites around the world, such as the award “Vietnam’s Leading Cultural Destination 2024”; “Asia’s Leading City Destination 2024”; “Asia’s Leading Short-Term City Destination 2024” by the World Travel Awards; the award “World’s Leading Culinary City 2024”; “Asia’s Leading Culinary City 2024” by the World Culinary Awards; the award “World’s Leading Destination 2024”, “World’s Most Attractive Culinary Destination 2024” voted by the Tripadvisor platform… These awards affirm Hanoi’s attractiveness to domestic and foreign tourists, continuing to prove itself as a bright spot in tourism with diverse tourism products.
The positive results on the first day of the new year are the premise for Hanoi tourism to aim for a higher goal in 2025. Accordingly, the capital’s tourism industry strives to attract over 30 million visitors, an increase of 11.1% compared to the estimated implementation in 2024 with over 7 million international tourists (including 5 million visitors with accommodation), an increase of 27.3% compared to the estimated implementation in 2024 and 23 million domestic tourists, an increase of 7% compared to the estimated implementation in 2024. Total revenue from tourists in the capital in 2025 is expected to reach over 130 trillion VND, an increase of 26.1% compared to the estimated implementation in 2024.
VCCI calls on its staff and member businesses to actively respond to the movement of Vietnamese people giving priority to using Vingroup products and services.
On January 8, 2025, the Vietnam Federation of Commerce and Industry (VCCI) and Vingroup signed a memorandum of understanding on comprehensive cooperation on promoting green transformation and sustainable development.
Accordingly, the two sides will work together to elevate Vietnamese brands in the international market and respond to and strongly promote the movement of Vietnamese people prioritizing the use of Vietnamese products in a green and sustainable manner.
According to the memorandum of understanding, VCCI and Vingroup will cooperate comprehensively in many fields towards the goal of contributing to building a green Vietnam.
At the macro level, the two sides will cooperate to implement programs to contribute ideas on policies, laws, and build a Vietnamese business culture towards green transformation. Vingroup and VCCI will implement specific projects to promote green transformation in the business community such as sustainable development in enterprises (Corporate Sustainability Index – CSI), green business environment (Provincial Green Index – PGI) and other related programs.
The two sides will also prioritize the use of each other’s services and goods, and jointly promote the development of potential projects that bring benefits to both sides to achieve the goal of green and sustainable development.
VCCI calls on its staff and member businesses to actively respond to the movement of Vietnamese people prioritizing the use of Vietnamese goods and Vingroup products and services, including VinFast electric vehicles, to promote green transformation in transportation.
It is known that from only 93 initial members, VCCI has now become a strong organization, with a large nationwide membership network of over 200 business associations and over 200,000 businesses in all fields, all industries, and all economic sectors. VCCI representatives estimate that the current team of business leaders is up to 2-3 million people. Including business people and individual business households, this number can reach over 10 million people.
In return, Vingroup will support VCCI, its staff and member businesses in green transformation activities, implementing social responsibility projects in using green products, clean energy, planting trees, and raising awareness of environmental protection.
VCCI member enterprises with sufficient capacity and conditions can cooperate to become agents distributing VinFast products and services, thereby expanding the business network at home and abroad. In addition, the two sides will study cooperation in the field of developing electric vehicle charging stations, thereby promoting the use of green vehicles, towards a zero-emission living environment.
Mr. Nguyen Quang Vinh – Vice President of VCCI emphasized: “Today’s cooperation is not only a connection between two large organizations but also a symbol of the solidarity of the Vietnamese business community in the mission of green transformation. With the companionship of Vingroup – a pioneering and influential enterprise, along with the coordinating role of VCCI, I believe that our common goals will be realized, bringing practical benefits to the community, businesses and the country ” .
Ms. Le Thi Thu Thuy – Vice President of Vingroup Corporation shared : ” Vingroup is fully aware of its responsibility and pioneering role in accompanying the business community in particular and the society in general in the green transformation process. We believe that the cooperation between Vingroup and VCCI will create a synergistic strength, spreading positive values, contributing to bringing the Vietnamese economy firmly into the era of sustainable development.”
There are many businesses and entrepreneurs willing to support Nguyen Xuan Son during his injury treatment.
Announced on the fanpage, Omoda & Jaecoo Vietnam said that Nguyen Xuan Son has conquered the hearts of fans with explosive moments and constant dedication at the AFF Cup 2024. To express gratitude for this inspiring journey, the Automobile joint venture between Geleximco Group and Chery Group is pleased to present a Jaecoo J7 PHEV. It is known that the Jaecoo J7 PHEV model has a selling price in Vietnam of about 900 million VND.
In the journey to conquer the AFF Cup 2024 championship, striker Nguyen Xuan Son made important contributions. The player currently playing for Nam Dinh Steel Club ended the tournament with 7 goals, becoming the first Vietnamese player to exclusively win the “Top Scorer” award. However, in the second leg of the final, this striker suffered a serious injury.
However, many businesses and businessmen are willing to support Nguyen Xuan Son during his injury treatment. Specifically, Xuan Son was awarded 10,000 USD by Agribank, equivalent to more than 250 million VND.
In addition, Mr. Nguyen Van Thien, Chairman of the Board of Directors of Xuan Thien Group and “boss” of the Nam Dinh Green Steel Football Club, announced that he will sponsor all surgical and treatment costs for Nguyen Xuan Son. He affirmed that “he will use all the best treatment methods to help Son return to continue contributing to the Vietnam National Team”.
In addition, Ms. Nualphan Lamsam (also known as Madam Pang) supported medical expenses and provided full care before player Nguyen Xuan Son returned to Vietnam with the entire team.
In addition to exchanging new money and small change, ‘money traders’ on the Internet also sell lucky money, unique money, rare money, and foreign currencies from many countries.
“Exchanging Tet lucky money” and “exchanging new money” have become popular search keywords in recent days, however, people should be careful because this type of service often comes with many risks.
“Hot” currency exchange service
With less than a month to go until the Lunar New Year 2025, at this time, people’s demand for new money to give lucky money, go to temples, pagodas, etc. is increasing day by day. Just type the keyword “exchange Tet lucky money” on social networks and hundreds of posts and groups will appear with invitations and commitments of “real money”, “new money”, “cheapest price on the market”… Many account owners even accept “wholesale” of small change and new money for those in need or recruit collaborators to post articles.
In addition to the service of exchanging new money and small change, “money traders” on the Internet also sell lucky money, unique money, rare money, and foreign currencies from many countries. These types of money are mainly transferred directly from abroad, with the selling price often many times higher than the actual face value depending on the uniqueness and strangeness of the money.
According to records, on social networking groups, a series of groups exchanging small change and new money are operating actively with a large number of members. Not only are articles introducing money exchange services continuously posted, but related comments are also equally bustling.
In addition to extremely attractive offers such as low exchange fees, commitment to real money, original series of money, the subjects are also willing to deliver to the door, the money changer is required to check before receiving the goods.
To compete, the service fee for currency exchange also fluctuates flexibly depending on the time. Accordingly, for new currencies with high denominations such as 100,000 VND, 200,000 VND, the exchange fee is from 3 – 6%. For small currencies such as 1,000 VND, 2,000 VND, the fee is higher, from 10 – 14%. The larger the amount of exchange, the more “reasonable” the service fee is discounted.
Ms. Bui Lan Anh (Dong Da District, Hanoi) shared that since the end of the 11th lunar month, when she went to 2 banks to exchange her savings book, she asked the staff to exchange “a few pieces” of new money in denominations of 5,000 VND, 10,000 VND, 20,000 VND to attend the festival and give lucky money to her children in her hometown, but all of them shook their heads. They explained that for nearly 10 years, the State Bank has not issued money with denominations under 50,000 VND on the occasion of Lunar New Year.
Because she could not exchange money for her needs, Ms. Lan Anh sought out money exchange groups online. Ms. Lan Anh checked the price through a Facebook account that accepts new money exchange in Hanoi. The 5,000 VND, 10,000 VND, 20,000 VND denominations usually have an exchange fee of 7 – 10%. If she exchanges a lot or a large denomination, the exchange fee is about 5%. The closer it is to Tet, the higher the fee.
“That is for new money, original serial number, but for used money that is no longer original serial number, the fee for small denominations is about 5 – 7% depending on the type,” said Ms. Lan Anh.
Be careful of “falling into the trap”
The Information Security Department (Ministry of Information and Communications) warns that advertisements for new currency exchange services on social networking sites pose many risks to those who need to exchange money. In fact, there have been many victims who have made transactions to exchange new currency but when they received the exchanged money, it was not as promised, or even received counterfeit money.
There have been many cases where people have transferred money but the social media account owner has blocked contact and disappeared, “skipping” the customer’s deposit. Usually, those who “fall into the trap” of scams and have counterfeit money exchanged consider it “unlucky” and do not report it to the authorities for fear of being held accountable.
The Information Security Department notes that the acts of collecting and exchanging new money or small change from other individuals and organizations to enjoy the difference and exchanging money online without permission are all violations of the law and must be prevented and strictly handled.
Therefore, people need to be vigilant against strangers and absolutely do not exchange money via social networks to avoid becoming “prey” and aiding fraudulent acts.
“You should only use currency exchange services from banks and organizations with legal operating licenses,” the leader of the Information Security Department noted.
According to lawyer Bui Quang Thu, Hanoi Bar Association, the current currency exchange is carried out in accordance with Circular 25/2013/TT-NHNN (Regulations on the collection and exchange of money not meeting circulation standards) of the State Bank.
According to this Circular, only organizations licensed by the State are allowed to conduct currency exchange activities, including: State Bank, State Bank branches, State Bank transaction offices, credit institutions, foreign bank branches, and State Treasury.
Attorney Thu emphasized that, apart from these units, all money exchange activities of other individuals and organizations are illegal. Any act of exchanging new money or small change to enjoy the % difference or exchanging money for profit is illegal and can be punished.
Exchanging small change online is very risky. Many people can take advantage of people’s needs to exchange short money, use illegal money, money of unknown origin or even counterfeit money.
In addition, the money changers are just acquaintances online, and do not even have a clear organization or headquarters. When exchanging counterfeit money, people also face risks when having to prove the origin of the money…
Other legal experts also recommend that people need to be vigilant and careful to avoid losses when exchanging money online. The safest way to exchange small change is to go to the bank.
Therefore, to avoid falling into the trap of scammers and to protect their legitimate rights, people during Tet should go to banks to exchange money when needed.
Exchanging money in violation of the law will be fined up to 40 million VND according to Decree 88/2019/ND-CP. Organizations that exchange money in violation of the law will be fined twice as much, from 40 to 80 million VND.
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.
As automation and robots become more widely used, many office jobs that were once considered safe could be threatened, according to the article. Automation technology will help increase productivity and efficiency, but it will also pose challenges to workers’ livelihoods. Consulting firm Accenture predicts that about 30% of working hours across Asia-Pacific will be automated thanks to artificial intelligence, especially in Australia, Japan, China and India. The most affected sectors are capital markets, software and platforms, banking, insurance and retail.
According to the author of the article, countries with high youth unemployment rates will need to be well prepared to cope with the changes that AI brings.
The paper also notes that data plays a key role in AI development, but currently, collecting quality data is becoming more difficult as many websites restrict access to data. In 2023-2024, more and more websites are blocking AI data, negatively impacting the ability to develop new AI models. About 5% of the 14,000 websites surveyed modified their “robots.txt” files to block AI crawlers. In addition, the cost of training AI models is also increasing, 5-10 times higher than the cost of developing existing models, putting great pressure on researchers and businesses in the field. This is due to the high cost of chips, the scarcity of AI talent, and the general lack of data.
Finally, the author concludes that 2025 will be a time when AI applications continue to flourish, while also promoting a deep discussion about the long-term direction of AI.
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.
Yeah1 Group Corporation (stock code: YEG) has just sent a document to the Ho Chi Minh City Stock Exchange (HoSE) reporting that the company has received a decision on administrative sanctions for tax violations from the Tax Department of District 3, Ho Chi Minh City.
Accordingly, Yeah1 was fined nearly 53 million VND for false declaration leading to underpayment of value-added tax, false declaration leading to underpayment of corporate income tax and false declaration of indicators on the declaration. Yeah1 was also charged over 221 million VND in value-added tax and nearly 44 million VND in late payment fees.
In addition, Yeah1’s loss in 2021 was adjusted to be reduced by nearly VND 1.1 billion, due to the transfer of the 2021 loss to the 2022 corporate income settlement period of nearly VND 392 million and the transfer of the 2021 loss to the 2023 corporate income settlement period of nearly VND 694 million. The total loss transferred to the next period is still more than VND 9 billion (loss of 2021).
Yeah1 Group Corporation affirmed that, as of the time of information disclosure, Yeah1 has completed its obligation to pay administrative fines and tax arrears and late tax payments according to the decision.
This is not the first time Yeah1 Group Corporation has been fined for tax. At the end of May 2024, Yeah1 was also fined and had to pay back 991 million VND in taxes.
At the end of 2024, Yeah1 sent a document to HoSE, explaining why YEG shares increased to the ceiling price for 5 consecutive sessions, from December 17-23.
Accordingly, Yeah1 believes that YEG shares have increased to the ceiling for 5 consecutive trading sessions due to the objective supply and demand developments of the stock market. The stock trading price is determined by the market and is beyond the control of the company. Yeah1 commits to not having any impact on the trading price of YEG shares on the stock market.
The company’s business activities are still operating normally, according to the set plan and without any unusual fluctuations.
On the other hand, the company has actively restructured its operations, optimized its management and operations, and focused on developing its core business segments, including the production and broadcasting of digital-based programs and high-quality television programs that have received support from a large audience and created a huge social media effect.
The success of the programs and other business segments contributed to the improvement in the company’s business results compared to the previous period.
Yeah1 has just announced a plan to offer 54.8 million shares to existing shareholders at a rate of 40%, meaning that shareholders who own 100 shares are entitled to buy 40 new shares. The registration period is from February 3 to March 3. With an offering price of VND10,000/share, Yeah1 expects to earn VND548 billion from the above offering. After completing the deal, the company will increase its charter capital from VND1,370 billion to VND1,918 billion.
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.
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…
