“Vietnam Has the Potential to Become a Financial Hub Like Switzerland and Singapore”

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Vietnam is positioning itself as a future international financial center, leveraging its openness to digital assets and innovative financial strategies, according to Mr. Roger Leitner, President and General Director of the ASEAN-Swiss Chamber of Commerce.

Discussions in Davos on Vietnam’s Financial Aspirations

On January 21, at the 55th Annual World Economic Forum (WEF) in Davos, Switzerland, more than 30 global corporate representatives and senior Vietnamese leaders convened to discuss high-tech investment opportunities in Vietnam. Among the key topics was the establishment of financial centers in Vietnam, with plans to operationalize such hubs in Ho Chi Minh City and Da Nang by 2025.

The Vietnamese government envisions these financial centers as critical steps toward transforming the country into a significant regional and global financial destination.

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

Insights from Global and Domestic Leaders

Mr. Leitner expressed confidence in Vietnam’s ability to attract leading financial institutions and foster digital asset development by collaborating with private banks.
“Vietnam has all the ingredients to become a global financial center, comparable to Switzerland, Singapore, and the UAE,” he said.

Vietnam’s Minister of Planning and Investment, Nguyen Chi Dung, emphasized the country’s commitment to creating a globally competitive financial ecosystem. “We aim to deliver what global investors need, not just what Vietnam already offers,” Mr. Dung stated, inviting foreign enterprises to contribute their expertise and share best practices.

The government has also proposed a controlled trial of fintech initiatives, including cryptocurrency and digital asset exchanges, in financial hubs like Ho Chi Minh City and Da Nang.

Science and Technology as Catalysts for Growth

Beyond financial services, Vietnam is placing significant emphasis on science and technology as a driving force for its economic growth. Truong Gia Binh, Chairman of FPT, highlighted Vietnam’s aspirations in artificial intelligence (AI), digital transformation, semiconductor development, and education, all of which are integral to achieving double-digit economic growth.
“Vietnam has favorable conditions to become a leader in AI and technology,” he noted.

Global technology giants are already taking notice. Nvidia recently acquired VinBrain, Vingroup’s AI subsidiary, and plans to establish an AI Research and Development Center and a Data Center in Vietnam. Schneider Electric has also expressed interest in collaborating with Nvidia to further data center development in the country.

The West Lake in Hanoi. Credit: Olivier Ochanine

Infrastructure and Investment Opportunities

Infrastructure development remains a cornerstone of Vietnam’s strategy to attract foreign investment. Mr. Kim Fejer, CEO of A.P. Moller Capital, called for increased foreign ownership limits in critical sectors like airports and seaports.
“Vietnam’s strategic position offers unique potential for development, but greater connectivity and access to AI data infrastructure are essential,” said Mr. Fejer, whose firm manages a $2 billion investment portfolio, including the world’s leading shipping company, Maersk.

Sanjay Gupta, President of Google Asia Pacific, echoed the sentiment, urging Vietnam to enhance infrastructure connectivity to capitalize on its geographic and economic potential.

The Path Forward

As Vietnam continues to attract international attention, leaders from corporations like Schneider Electric and A.P. Moller Capital emphasize the need for policy reform and stronger infrastructure development to sustain growth.

With the strategic vision of becoming a financial hub, coupled with advancements in technology and infrastructure, Vietnam is well on its way to joining the ranks of global financial and technological powerhouses.

Hơn 70.000 gia đình Việt cùng Nestlé “Cầu Tết Chất Lượng” trong tay

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Sau một tháng triển khai, chương trình “Cùng Nestlé, Cầu Tết Chất Lượng trong tay” đã thu hút hơn 70.000 gia đình Việt tham gia cùng khám phá Tết Chất Lượng muôn hình vạn vẻ trên khắp Việt Nam.

Cũng trong khuôn khổ chương trình này, Nestlé Việt Nam đã phối hợp cùng Kênh 14 tổ chức cuộc thi “Flex Tết Chất Lượng – Chốt Quà Chất Chơi” nhằm tôn vinh những giá trị và ý nghĩa nhân văn sâu sắc của ngày Tết cổ truyền. Cuộc thi đã khơi dậy sự quan tâm mạnh mẽ, thu hút hàng nghìn người tiêu dùng chia sẻ định nghĩa riêng của họ về “Tết Chất Lượng” và tạo nên hàng trăm nghìn lượt thảo luận sôi nổi trên các nền tảng mạng xã hội xoay quanh chủ đề ý nghĩa này.

Những bài dự thi gửi về cho chương trình đều được đầu tư chỉn chu và ngập tràn cảm xúc, mở ra một bức tranh sống động về Tết Việt

Trong vô số hình ảnh và thông điệp được chia sẻ, ba chủ đề nổi bật nhất là Tết Đoàn Viên, Tết An Yên và “Tết Flex”, thu hút sự tham gia đông đảo từ giới trẻ. Những xu hướng này phản ánh rõ rệt mong muốn và tâm tư của thế hệ trẻ trong dịp Tết, khi hình ảnh gia đình sum họp, quây quần bên người thân vẫn luôn là giá trị cốt lõi được nâng niu mỗi độ xuân về.

Bên cạnh đó, hai phim quảng cáo ngắn chủ đề về ngày Tết của Nestlé Việt Nam cũng thu hút hơn 20 triệu lượt xem và hàng triệu lượt tương tác trên mạng xã hội. Bằng việc dẫn dắt người xem qua hành trình đón Tết của các cá nhân và gia đình, Nestlé đã gửi gắm khéo léo đến người xem thông điệp: từ mái ấm đoàn viên đầy đủ con cháu, đến người thuyền trưởng ra khơi đón Tết cùng đồng nghiệp, hay người con xa xứ đón Tết bên gia đình qua màn hình máy tính bảng… Dẫu Tết có muôn hình vạn trạng thì thế hệ nào cũng mong cầu một mùa “Tết Chất Lượng”.

Ngoài ra, hòa mình vào không khí rộn ràng mùa lễ hội và dịp mua sắm lớn nhất trong năm, Nestlé cũng đang triển khai nhiều chương trình hấp dẫn, mang đến cơ hội cho người tiêu dùng trên toàn quốc có cơ hội tham gia tương tác và nhận về những món quà thiết thực. 

Khi tham gia các hoạt động tại gian hàng, người tiêu dùng sẽ nhận được bao lì xì và các sản phẩm của Nestlé 

Theo đó, các chương trình vẫn đang được diễn ra đến hết ngày 31.01, người tiêu dùng có thể tham gia tương tác trên trang web Gia Đình Nestlé (https://www.giadinhnestle.com.vn/cautetchatluongtrongtay) và ghé thăm gian hàng Nestlé tại hệ thống Big C, Co.opmart để nhận được các sản phẩm quà tặng của Nestlé, cũng như tương tác và tham quan thiết kế đặc sắc, mang đậm tinh thần ngày Tết cổ truyền tại đây.

Các sản phẩm của Nestlé đã trở thành một phần không thể thiếu trong văn hóa ẩm thực ngày Tết Việt

Sau gần 30 năm gắn bó tại Việt Nam, những sản phẩm của Nestlé như Maggi, MILO, Nestea, LaVie, Nescafé, và KitKat,… đã trở thành một phần không thể thiếu trong văn hóa ẩm thực ngày Tết, mang đến hương vị đặc trưng và gắn kết những khoảnh khắc sum họp đầy ý nghĩa. Chính vì thế, các hoạt động đặc biệt nhân dịp Tết cổ truyền này do Nestlé Việt Nam tổ chức không chỉ góp phần tôn vinh nét đẹp Tết cổ truyền mà còn ghi dấu vai trò của Nestlé trong hành trình gìn giữ và phát triển văn hóa Tết Việt. Các hoạt động này cũng chính là nguồn cảm hứng to lớn, tiếp thêm động lực để Nestlé mang đến những giá trị tốt đẹp, góp phần xây dựng cộng đồng gắn kết và thịnh vượng hơn.

Foreigners Buying Business Class Tickets to Commit Theft on Planes During Tet

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The Ministry of Public Security has issued a warning about a rise in sophisticated theft activities by foreign nationals who purchase business class tickets to steal property on flights, particularly during the busy Tet holiday season.

Modus Operandi of Criminal Groups

According to authorities, these criminal groups operate with a high level of coordination, assigning specific roles to members such as stealing property, dispersing, and concealing stolen items. Their tactics include:

  • Frequent entry and exit from Vietnam, sometimes hundreds of times a year.
  • Quick turnaround between flights, often re-entering the country within one to two days.
  • Regularly changing flights, airlines, and routes, combining international and domestic flights.
  • Booking tickets close to the departure date and avoiding checked baggage to evade detection.

The criminals also strategically select convenient seats, often in business class, to access overhead luggage compartments where valuable items are stored in carry-on bags.

Recent Arrests and Deportations

During a crackdown on crime leading up to the Lunar New Year 2025, the Immigration Department, in collaboration with relevant agencies, successfully arrested three individuals and deported one foreign national involved in stealing property from passengers aboard Vietnamese airlines.

Preventative Measures and Warnings

The Immigration Department has identified this as a new and increasingly sophisticated crime. Passengers are urged to remain vigilant, especially when traveling during peak periods like Tet. To ensure security and protect personal belongings, travelers are advised to monitor their carry-on luggage closely, report any suspicious behavior to airline staff or authorities immediately.

The Department emphasized the importance of collective awareness and cooperation in combating this emerging threat to ensure the safety and order of air travel.

HCMC Metro Begins Charging Fares After Free Trial, Welcomed by Residents

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Ho Chi Minh City’s Ben Thanh–Suoi Tien metro line officially began charging fares on January 21, 2024, following a successful month of free service that saw overwhelming public support.

Affordable Ticket Prices and Flexible Options

Ticket prices range from VND6,000 to VND20,000 (US$0.24–0.79) per trip, with multiple payment methods available, including bank cards and the HCMC Metro app. Passengers can choose single-journey tickets or unlimited-ride passes valid for one day, three days, or one month.

The monthly pass costs VND300,000, with a generous 50% discount for students. One-day and three-day passes are priced at VND40,000 and VND90,000, respectively. Specific groups such as war heroes, people with disabilities, seniors, and children under six are entitled to free rides with proper identification or special cards.

Seamless Payment Methods

Passengers have several payment options for ticketing:

  • Cash Payments: Single-journey tickets can be purchased at ticket booths and scanned at entry gates.
  • Cashless Options: Riders can use MasterCard at the gate’s card readers, with Napas support starting January 24. Visa, JCB, Amex, and UPI cards will also be integrated in the near future.
  • HCMC Metro App: The app allows passengers to select routes, pay for tickets, and receive QR codes for gate access. It also supports MoMo e-wallet payments. For one-day, three-day, or monthly passes, passengers must register an account on the app, which generates a QR code for gate access. From February 15, monthly passes can be linked to ID cards for added convenience.

Integration with Electric Buses

In addition to the metro, 17 electric bus routes connecting metro stations also began charging fares on the same day. Single-journey tickets are priced at VND5,000–6,000, with discounted fares for students at VND3,000. Free bus rides are available for seniors, children, and people with disabilities. A 30-ticket bundle is offered for VND112,500.

Resident Feedback: “A Game Changer for Saigon”

The metro’s launch has been widely praised by residents. Phuong Duong, a resident in Saigon, shared her excitement: “This metro line is a game changer for the city. It’s fast, clean, and affordable—perfect for commuting and reducing traffic congestion. The integration with electric buses also makes it incredibly convenient. I hope more lines will open soon!”

During its free trial, which began on December 22, 2024, the metro recorded nearly 2.8 million passenger trips—exceeding initial projections by 247%. The busiest day was New Year’s Day, with over 275,000 trips.

Expanding Operations for Lunar New Year

Nine trains currently operate daily from 5 a.m. to 10 p.m., completing the journey between Suoi Tien Theme Park and Ben Thanh Market in approximately 30 minutes. For the upcoming Lunar New Year holiday, operating hours will be extended, with trains running past midnight on New Year’s Eve to accommodate revelers and fireworks viewers.

The Ben Thanh–Suoi Tien metro marks a significant milestone in Ho Chi Minh City’s urban transport development, promising to enhance mobility and contribute to a more sustainable future for the city.

Prudential khai trương loạt văn phòng Tổng đại lý, nâng tầm diện mạo và chất lượng phục vụ khách hàng

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Trong những tháng cuối 2024 và đầu năm 2025, Prudential khai trương hàng loạt văn phòng Tổng đại lý mô hình mới, tiếp tục khẳng định chiến lược phát triển bền vững thông qua đầu tư cho chất lượng kênh phân phối cả về diện mạo lẫn quy trình bán hàng, đáp ứng kỳ vọng ngày càng cao của khách hàng. 

Trên hành trình chuyển đổi mô hình văn phòng Tổng đại lý mô hình mới, Prudential đã hợp tác với CafeBiz thực hiện talkshow “Thành công vẫn cần thay đổi” vào tháng 10/2024. Chuỗi talkshow giúp lý giải chiến lược phát triển và cải tiến mô hình văn phòng Tổng đại lý của Prudential. Đồng thời, chương trình cũng nhấn mạnh những hỗ trợ mà Prudential mang lại, không chỉ giúp các đối tác của mình đáp ứng nhu cầu thực tế của thị trường, nâng cao trải nghiệm khách hàng, mà còn duy trì thành công lâu dài với ngành bảo hiểm.

Lễ khai trương văn phòng Tổng đại lý Quảng Ngãi 2

Với mô hình mới này, Prudential đặt mục tiêu hoàn thành quá trình chuyển đổi toàn bộ hệ thống văn phòng Tổng đại Lý vào năm 2028. Là một phần trên hành trình chuyển đổi đó, trong thời gian vừa qua đặc biệt trong tháng 12 2024, Prudential đã khai trương liên tiếp 09 văn phòng Tổng đại lý  mới, tại Quảng Ngãi 2, Hương An – Quảng Nam, Phủ Cát – Bình Định, Biên Hòa 3 – Đồng Nai, Trà Vinh, An Nhơn – Bình Định và Thành phố Hồ Chí Minh, cụ thể tại Tân Bình 2, Quận 11 và Quận 12.

Mô hình văn phòng Tổng đại Lý mới được Prudential cho ra mắt trong năm 2024, góp phần nâng cao trải nghiệm khách hàng thông qua việc nâng cấp về mặt diện mạo, thiết kế hiện đại theo phong cách tối giản, đề cao tính kết nối.

Bên trong mô hình văn phòng mới của Prudential

Mô hình văn phòng mới thể hiện sự quyết tâm đầu tư của Prudential, góp phần thu hút lực lượng tư vấn viên tiềm năng gia nhập, cùng gắn bó và phát triển sự nghiệp tại đây.

Các văn phòng này được thiết kế hiện đại, với cơ sở vật chất tối ưu, nhằm hỗ trợ đội ngũ tư vấn viên nâng cao hiệu quả công việc và mang đến cho khách hàng những trải nghiệm tốt nhất. Với môi trường làm việc chuyên nghiệp, các Giám đốc Văn phòng Tổng Đại lý và đội ngũ tư vấn viên sẽ tự tin hơn trong từng bước phát triển, từ đó củng cố niềm tin của khách hàng trong thời buổi nhu cầu của họ ngày càng đa dạng và khắt khe hơn.

Bà Nguyễn Thị Búp, Giám đốc văn phòng Tổng đại lý quận 12 chia sẻ: “Văn phòng Tổng đại lý theo mô hình mới có thiết kế hiện đại, đẳng cấp với nhiều không gian xanh và tối ưu hóa được ánh sáng sẽ tạo nguồn cảm hứng cho đội ngũ tư vấn viên, nhân viên đồng thời nâng cao hiệu quả làm việc, thu hút nhiều nhân tài trẻ, tiềm năng và đặc biệt giúp chúng tôi gia tăng niềm tin với khách hàng.” 

Bên trong mô hình văn phòng mới của Prudential

Trong thời gian tới, Prudential sẽ tiếp tục mở rộng quy mô khai trương thêm các văn phòng Tổng đại lý mới trên toàn quốc. Những bước đi này sẽ giúp Prudential không chỉ mở rộng thị trường mà còn củng cố vị thế dẫn đầu trong ngành bảo hiểm nhân thọ tại Việt Nam.

Ông Lê Đình Hải, Giám đốc Cấp cao Phòng Phát triển Đội ngũ và Mạng lưới Kinh doanh Kênh Đại lý của Prudential, khẳng định: “Prudential luôn không ngừng đổi mới và sát cánh cùng các Giám đốc Văn phòng Tổng đại lý nhằm tối ưu hóa mô hình hoạt động để vượt qua những thách thức thời cuộc”.  

Ông Hải chia sẻ thêm rằng với lợi thế mà ít công ty có được, từ nguồn lực tài chính ổn định cho tới kế hoạch triển khai chi tiết, mô hình văn phòng Tổng đại lý mới sẽ mang đến cho khách hàng những giá trị tốt nhất, từ sản phẩm cho tới dịch vụ.

Khoác lên mình diện mạo mới, các văn phòng Tổng đại lý đã sẵn sàng để đón tiếp và chinh phục trái tim khách hàng bằng hành động đi đôi cùng chất lượng, từ dịch vụ tới sản phẩm, khi lựa chọn Prudential như một người bạn đồng hành cho cuộc sống tốt đẹp hơn. 

From Factory to Market: A 2025 Guide to Furniture Quality Inspection in Vietnam

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Vietnam has become one of the top destinations for furniture manufacturing, known for its outstanding craftsmanship, competitive pricing, and efficient production systems.

This guide explores the essential role of quality inspection in ensuring that Vietnam’s wooden furniture meets global standards.

It also provides key insights for businesses looking to establish strong partnerships with local manufacturers and navigate the evolving landscape of furniture sourcing in 2025.

Export Trends in Vietnam’s Furniture Industry

Vietnam has solidified its position as a leading player in the global furniture export market, supplying major markets such as the United States, Europe, and Japan. The country’s skilled labor force and competitive production costs have contributed to its reputation for producing high-quality furniture in substantial quantities.

In 2024, Vietnam’s wood and wood products exports reached a record $16.3 billion, marking a increase compared to the previous year. This growth underscores the nation’s robust manufacturing capabilities and the increasing demand for Vietnamese furniture in international markets.

Exporting Furniture from Vietnam in 2025: Opportunities for SMEs

Looking ahead, the Vietnamese furniture industry is projected to continue its upward trajectory. Analysts predict annual export growth of 15-18% in 2025, driven by ongoing investments in manufacturing infrastructure and a focus on quality improvement. This anticipated growth presents significant opportunities for businesses seeking to partner with Vietnamese manufacturers.

On-Site Factory Inspections: A Critical Step for Consistency

Factory visits are essential for understanding the production process, especially in Vietnam, where technical expertise and attention to detail define the industry. On-site inspections provide a firsthand look at every production stage—from the preparation of raw materials to the finishing touches on each piece of furniture.

These inspections allow businesses to assess the capabilities of the factory, understand its workflow, and ensure that production aligns with their specific requirements. Moreover, factory visits help identify potential risks early, ensuring smoother communication and more reliable outcomes.

The Role of Quality Control in Vietnam’s Furniture Industry

Quality control is a fundamental pillar of Vietnam’s success in furniture manufacturing. While many factories have internal quality checks, independent third-party inspections provide an added level of confidence.
Third-party inspectors focus on verifying that each product meets the buyer’s specifications and international standards. Whether it’s ensuring uniformity in wood grain or checking for proper assembly and finishes, these checks minimize errors and enhance the overall reliability of the product. For importers and retailers, such rigorous quality measures lead to fewer returns and higher customer satisfaction.

Overcoming Challenges in Quality Control

Despite Vietnam’s thriving furniture industry, challenges in maintaining consistent quality remain, especially during peak production periods. Minor defects, such as uneven finishes or slight dimensional variations, can sometimes occur.
To address these challenges, businesses often implement inspections at various stages of production. Training factory workers to meet international standards and using experienced inspectors are effective strategies for maintaining consistent quality throughout the manufacturing process.

The Importance of Expertise in Furniture Sourcing

>> Related article: Vietnam’s Manufacturing Landscape in 2025: A Rising Global Powerhouse

Successfully navigating Vietnam’s furniture manufacturing sector requires a combination of local knowledge and understanding of global market expectations. Working with professionals who are familiar with Vietnam’s manufacturing landscape can provide valuable insights, helping businesses identify the right factories, manage inspections, and ensure that products meet international standards.

These experts understand the intricacies of local production processes and can help avoid common pitfalls, ensuring that businesses achieve optimal results without unnecessary delays.

Practical Tips for Importers and Exporters

If you’re planning to import furniture from Vietnam, here are some practical steps to streamline the process:

  1. Visit Factories Personally: On-site visits allow you to evaluate the capabilities of your suppliers and build stronger relationships.
  2. Invest in Quality Control: Use third-party inspectors to verify the quality of products throughout the production stages.
  3. Communicate Clearly: Set clear expectations with your suppliers to avoid misunderstandings and ensure quality alignment.
  4. Understand Export Procedures: Familiarize yourself with Vietnam’s export dynamics and market trends to plan your sourcing effectively.

Conclusion

Vietnam’s furniture industry continues to thrive, driven by a strong focus on quality control and an ever-evolving market. By partnering with local manufacturers who prioritize quality assurance, businesses can tap into the full potential of Vietnam’s robust furniture sector in 2025. Success in this competitive landscape comes from thorough planning, strategic partnerships, and leveraging the expertise available within the Vietnamese market.

> Related article: 2025: A Promising Year for Doing Business in Vietnam

Whether you’re an importer, a retailer, or an entrepreneur, this guide helps you navigate the complexities of sourcing high-quality furniture from Vietnam, ensuring that your products meet global standards and meet the demands of the international market.

South Korea Nears First K9 Howitzer Export Deal with Vietnam

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South Korea is on the brink of exporting its K9 self-propelled howitzers to Vietnam, marking a significant milestone in defense cooperation between the two countries.

According to industry insiders, negotiations between the Korean government and Vietnam have advanced to the final stages, with both sides agreeing in principle to the export of 20 K9 units valued at $300 million. The deal is expected to be finalized as a government-to-government (G2G) transaction, possibly as early as this quarter.

“Both parties have largely aligned on the terms of the agreement,” a source revealed, indicating that Vietnam’s defense requirements are well-matched with Korea’s offer.

The deployment of the K9 howitzers is anticipated near Vietnam’s northern border with China, approximately 100 kilometers from Hanoi. This region holds strategic importance due to historical and ongoing tensions between Vietnam and China, including a border conflict in 1979 and disputes in the South China Sea.

If completed, this transaction would mark the first export of South Korean defense equipment to a communist country, signifying an expansion of Korea’s influence in the region amidst the intensifying strategic rivalry between the United States and China.

Vietnam’s move to diversify its defense partnerships away from its traditional supplier, Russia, is particularly noteworthy. International sanctions on Russia following its conflict in Ukraine have curtailed its ability to export weapons, prompting Vietnam to explore alternative suppliers. Korea’s K9 howitzer caught Vietnam’s attention after India, facing similar border tensions with China, successfully deployed the system in its mountainous Kashmir region—terrain akin to Vietnam’s border areas.

Vietnamese Defense Minister Phan Van Giang further solidified interest during a visit to South Korea in February 2023, where he inspected a K9 unit and received a detailed briefing from Hanwha Aerospace Co., the system’s manufacturer.

Should the agreement be finalized, Vietnam would become the 11th country to adopt the K9 howitzer, underscoring the platform’s growing reputation as a versatile and reliable defense asset.

Everything You Need to Know About Tết – Vietnam’s Lunar New Year

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What is Tết?

Tết, short for Tết Nguyên Đán (meaning “Festival of the First Morning of the First Day”), is the Vietnamese Lunar New Year and the most important celebration in Vietnam. Also referred to as the Spring Festival, it marks the arrival of spring and the start of a new lunar calendar year. While similar to the Chinese Lunar New Year, Tết has distinct traditions and cultural significance unique to Vietnam.

The holiday’s origins date back to the 18th century B.C., influenced by Chinese culture, though it has evolved over centuries to reflect Vietnam’s unique customs. Today, Tết is celebrated not only in Vietnam but also among Vietnamese communities worldwide.

When is Tết?

The date of Tết changes yearly, falling between mid-January and late February, depending on the lunar calendar and the first new moon of the year. For example:

  • 2024: February 10
  • 2025: January 29
  • 2026: February 17

The exact timing may differ slightly from other countries’ Lunar New Year celebrations due to time zones.

Why is Tết Important?

Tết is more than a new year celebration—it’s a time for family, gratitude, and fresh beginnings. Many Vietnamese travel home to reunite with loved ones, honor ancestors, and reflect on the past year. Businesses close, and those working during Tết often receive triple pay.

The holiday also emphasizes starting the year with good fortune. Actions taken during Tết are believed to set the tone for the rest of the year, making it vital to celebrate positively and mindfully.

Key Traditions of Tết

1. Preparations and Cleaning

  • Cleaning the Home: Before Tết, families clean their homes thoroughly, symbolizing the removal of bad luck and making space for good fortune. Sweeping during the holiday itself is avoided to prevent “sweeping away” luck.
  • Ancestor Worship: Family shrines are cleaned and decorated with photos, incense, flowers, and offerings of fruit. This honors ancestors and expresses gratitude.

2. Decorations

  • Flowers and Plants: Northern Vietnam favors peach blossoms for wealth and happiness, while southern Vietnam showcases yellow apricot blossoms for fortune. Orchids and kumquat trees are also popular.
  • Red Lanterns: Symbolizing luck and prosperity, red lanterns adorn homes and streets during Tết.

3. Gift Giving

Children and younger family members receive red envelopes (lì xì) filled with money, symbolizing good fortune and blessings.

4. Food

  • Bánh Chưng and Bánh Tét: These iconic sticky rice cakes, wrapped in leaves, symbolize the Earth and honor ancestors.
  • Mứt: Boxes of candied fruits, such as ginger, coconut, and squash, are shared with visitors and loved ones.
  • Fruit Trays: Families prepare trays of five symbolic fruits, such as mango, soursop, and papaya, wishing for prosperity. In southern Vietnam, the fruits’ names form a phrase meaning “pray for wealth and sufficiency.”

5. Celebrations

Tết celebrations span three days:

  • Day Before New Year’s Eve: Preparations and family reunions.
  • New Year’s Eve: Midnight ceremonies and fireworks to welcome the new year.
  • New Year’s Day: Visiting relatives, friends, and neighbors, while exchanging blessings.

The Mythology Behind Tết

According to a Han Dynasty scholar, the first eight days of Tết correspond to God’s creation of life: chickens on the first day, followed by dogs, pigs, goats, buffaloes, horses, humans, and finally, cereal. This connection to creation reflects the deep cultural and spiritual significance of Tết.

A famous Vietnamese myth associated with Tết is the Legend of Bánh Chưng and Bánh Dày, which tells of a prince who created two rice cakes to symbolize the Earth (square bánh chưng) and the Sky (round bánh dày). This story highlights the harmony between humans and the divine.

The Vietnamese Zodiac

The Vietnamese lunar calendar follows a 12-year cycle, with each year represented by an animal. While similar to the Chinese Zodiac, the Vietnamese version includes the cat (instead of the rabbit) and the water buffalo (instead of the ox). These animals symbolize traits valued in Vietnamese culture, such as hard work and companionship.

How Can Foreigners Celebrate Tết?

If you’re visiting Vietnam during Tết, here’s how you can join in the festivities:

  • Visit Local Markets: Experience the vibrant atmosphere as families shop for decorations and ingredients.
  • Try Traditional Foods: Sample bánh chưng, bánh tét, and mứt.
  • Watch Fireworks: Major cities like Hanoi and Ho Chi Minh City host stunning displays.
  • Be Respectful of Traditions: Learn key phrases like “Chúc Mừng Năm Mới” (Happy New Year) and observe customs such as removing shoes before entering homes.

Tết’s Global Significance

Tết is not just a holiday but a reflection of Vietnamese culture, values, and history. Whether you’re in Vietnam or abroad, celebrating Tết offers a unique glimpse into the heart of the country and its people.

So, prepare to immerse yourself in the vibrant colors, delicious food, and meaningful traditions of Tết—the Vietnamese New Year!

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

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

Arrival in Washington and Pre-Inauguration Events

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

Inauguration Day Schedule

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

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

Weather-Induced Changes to the Ceremony

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

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

The Inaugural Ceremony

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

Vice Presidential Oath

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

Presidential Oath

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

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

Musical Performances and Closing Festivities

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

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

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

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

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

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

Strategic Focus on High-Quality FDI

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

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

Positioning for the Future: Green and Sustainable Growth

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

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

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

POLITICO: Ukraine risks being ‘Trump’s Vietnam”

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

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

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

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

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

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

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

Not losing sleep over Europe

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

And he sees Elon Musk as crucial in that endeavor.

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

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

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

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

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

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

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

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

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

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

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

A City That Captivates

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

Why Hanoi Stands Out

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

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

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

Livability and Local Vibes

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

Recognition Among Global Icons

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

A Bright Future for Hanoi

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

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

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

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

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

Day 1-2: Exploring the Timeless Charm of Hanoi

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

Day 3-4: Cruising Ha Long Bay

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

Vietnam’s Ha Long Bay by night

Day 5-6: The Scenic Mountains of Sa Pa

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

Day 7-9: Ha Giang or Central Vietnam

With three days remaining, Lonely Planet suggests two options:

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

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

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

Lonely Planet’s Other ‘Dream’ Asian Destinations

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

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

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

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

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

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

Shutdown Notice to Users

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

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

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

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

Legal Stalemate and Trump’s Possible Intervention

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

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

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

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

Industry and User Reactions

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

Offers and Alternative Solutions

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

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

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

Future Uncertainty

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

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

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

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

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

A Cultural Revelation for International Students

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

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

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

A Taste of Vietnamese Traditions

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

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

Bridging Cultures Through Tet

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

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

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

An Invitation to the World

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

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

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