Vietnam stocks suffer Black Friday rout, plunging over 3% against Asia

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VN-Index tumbles more than 50 points as panic selling grips market, defying regional gains

Vietnam’s stock market staged a brutal “Black Friday” sell-off on December 12, wiping out more than 3% of market value in a single session and sharply diverging from largely resilient Asian peers. The VN-Index plunged 52 points to below 1,650, marking the steepest decline across Asia that day and underscoring how fragile investor sentiment has become after a failed attempt to break recent highs.

Red dominated trading screens as selling spread across nearly the entire market. More than 600 stocks closed lower, many down between 3% and 4%, while several large-cap names hit their daily limit. Fewer than 200 stocks managed to advance. The rout marked the index’s fourth straight decline, yet conspicuously absent was meaningful bargain-hunting. Liquidity remained subdued, with HoSE turnover hovering around VND 22 trillion, signaling that sidelined capital is still reluctant to step in.

Foreign investors added to the pressure, selling nearly VND 600 billion on the HoSE for a sixth consecutive session, though the pace of outflows has moderated compared with earlier weeks. The combination of persistent selling, thin liquidity and a lack of bottom-fishing amplified the downside, pushing Vietnam sharply out of sync with broader Asian market trends.

The timing of the sell-off—coinciding with global “12.12” shopping discounts—prompted an ironic comparison highlighted by Dragon Capital in a recent report: consumers eagerly chase a 50% discount on clothing, yet panic-sell stocks after a 5% decline. Behavioral finance offers an explanation. While price cuts in retail trigger excitement, financial losses activate the brain’s pain centers, prompting a primal “fight or flight” response that often leads investors to dump assets to escape short-term discomfort.

History suggests such reactions are familiar territory for Vietnam’s market. Over the past five years, the VN-Index has weathered repeated sell-offs driven by global shocks, policy shifts and geopolitical stress. Yet each major drawdown has eventually been followed by a recovery to prior levels, whether quickly or over time. The current correction, while sharp, fits that pattern.

Still, near-term pressures are real. SGI Capital recently pointed to year-end bond maturities, heavy equity issuance and a wave of IPOs—potentially exceeding the record levels of 2021—as key drags on liquidity. At the same time, rising interest rates have limited buying appetite, while profit-taking in stocks that rallied aggressively earlier this year has intensified volatility. Even blue-chip shares that have already corrected deeply are still struggling to find a clear equilibrium.

Beyond the immediate turbulence, long-term fundamentals remain intact. Dragon Capital argues that Vietnam’s earnings outlook continues to surprise on the upside, with profits among its tracked companies rising 22.4% in the first nine months of the year, well above earlier forecasts. Full-year earnings growth is projected at over 21% for 2025 and to remain robust in 2026. Valuations also look compelling, with forward P/E ratios of roughly 12.5–13 times for 2025 and about 11 times for 2026—cheap by regional standards given Vietnam’s growth profile.

The final, and potentially transformative, catalyst lies ahead. Vietnam’s expected upgrade from frontier to emerging market status could trigger a powerful re-rating as large pools of international capital gain access to the market. For now, the Black Friday crash serves as a reminder of how quickly sentiment can turn—but also of why periods of fear have historically laid the groundwork for the next leg of Vietnam’s equity story.

Vietnam’s Nearly USD 3,000 Son Doong Expedition Fully Booked Until the End of 2027

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One of the world’s most exclusive adventure tours is now unavailable for more than two years. The Son Doong expedition in central Vietnam, often described as one of the most challenging and expensive tours in Asia, is completely booked until late 2027. Each participant pays more than seventy million Vietnamese dong, which is roughly equivalent to nearly three thousand United States dollars.

According to Nguyen Chau A, Chief Executive of Oxalis, the only company licensed to operate tours inside Son Doong, demand has surged to unprecedented levels. Since 2013, a total of eight thousand five hundred fifty two travelers have successfully completed the expedition. Vietnamese explorers form the largest group with more than three thousand two hundred participants, followed by travelers from the United States.

High demand turns Vietnam into a global center for cave exploration

The long waiting list has created a sense of scarcity among adventure travelers worldwide and has helped boost interest in lighter exploration packages within the same region. Phong Nha Ke Bang National Park now welcomes close to fifty thousand adventure tourists each year, solidifying its position as the world’s leading destination for cave based tourism.

Oxalis reports a cumulative revenue of twenty five point five million United States dollars since operations began. The company has contributed five million United States dollars in fees to the national park and created direct employment for one hundred thirty local residents along with hundreds of indirect jobs.

A demanding expedition built for only the most capable travelers

The Son Doong tour accepts fewer than ten people per trip and a maximum of one thousand people per year. Participants must complete a six day program that includes jungle trekking, river crossing and navigating through massive underground chambers. Physical fitness requirements are strict, and the combination of difficulty and price has made the tour one of the most selective in Vietnam.

The cost includes several mandatory fees per traveler. These cover national park entry, forest environment services, wildlife rescue support and administrative charges.

Travelers seeking similar experiences without multi year waiting times can book two alternative adventures. These are the Deep Forest Jungle Exploration of Hang Ba and the Tu Lan Expedition. Both are considered world class but more accessible in terms of availability.

Global recognition continues to elevate Son Doong

International media outlets frequently praise Son Doong. Time Out magazine in the United Kingdom recently named it among the ten most beautiful caves on Earth. The publication notes that the cave is so large in cross section that a Boeing 747 aircraft could theoretically pass through without touching the walls.

Son Doong extends nearly nine kilometres. In some areas its ceiling reaches two hundred metres in height and the width approaches one hundred sixty metres. The total volume has been measured at approximately thirty eight point five million cubic metres, making it the largest known cave on the planet.

Vietnam’s adventure tourism sector is projected to grow rapidly as global interest continues to rise. Son Doong’s sold out status through 2027 signals a strong future for the country’s high value nature based travel segment.

Four Dead in Lang Son Crash as Seven Seat Driver Tests Positive for Drugs, Authorities Launch Criminal Case

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Officials in Lang Son Province have confirmed that the driver of a seven seat vehicle involved in a fatal collision that killed four people tested positive for amphetamine. The provincial government held an emergency meeting on December 11 to review the causes of the incident and to propose corrective measures for road safety along National Highway 1.

The crash occurred on November 26 at the forty two kilometre six hundred meter point of the highway in Nhan Ly Commune. Two vehicles traveling in opposite directions collided with high force, leaving four victims dead at the scene and two others injured.

Initial investigation points to drug use, lane violations and failure to obey road signals

Police say the primary cause was the conduct of Lai Quang Nhan, the driver of the seven seat vehicle with license plate 19A 48313. According to investigators, Nhan failed to comply with traffic signals, did not maintain the correct lane and had amphetamine detected in his system at the time of the crash.

His vehicle collided with a tractor trailer operated by Pham Van Dung, who was driving in the opposite direction. The impact destroyed the front sections of both vehicles and caused instant fatalities among passengers.

Based on the findings, Lang Son Police have opened a criminal case for violation of road traffic regulations. They have also placed Nhan in temporary detention for further investigation.

Authorities also scrutinize the freight operator for vehicle overloading

Investigators are examining potential responsibility from the freight company connected to the tractor trailer. Early reports show that the trailer was carrying goods that exceeded legal weight limits by more than thirty five percent. This factor may not have caused the crash directly, but it raises concerns about industry wide safety compliance and enforcement.

Provincial government responds with safety upgrades and support for families

Following the accident, Lang Son Province mobilized emergency services to transport victims, provide medical care and offer initial financial support to affected families. The province has also surveyed the crash site and implemented immediate improvements. These include repainting lane markings, adding speed bumps, clearing roadside vegetation to improve visibility and installing new speed limit signs set at fifty kilometres per hour.

Local leaders say additional reviews will be conducted to evaluate broader risks on this section of National Highway 1, which handles heavy traffic between Hanoi and the northern border region.

Former Student Sues Top Vietnamese University for 45 Billion VND. Court Awards 87 Million Instead

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A civil lawsuit brought by a former student against the National Economics University in Hanoi has ended with the court ordering the school to pay a modest compensation of 87 million Vietnamese dong. The plaintiff had originally demanded more than 45 billion, an amount the court described as unsubstantiated.

The Hanoi People’s Court issued the appellate ruling on December 11 after reviewing the complaint filed by Dương Thế Hảo, a former student born in 1959. The court accepted part of his appeal and adjusted the lower court’s earlier judgment.

Court finds the university at fault for delayed and inaccurate information

According to the panel of judges, the university provided information that did not reflect the actual situation and acted slowly in issuing Hảo’s graduation certificate. For this reason, the court recognized partial wrongdoing by the university and approved compensation equivalent to more than twenty two months of basic salary.

The total amount equals approximately 87 million Vietnamese dong.

However, the court rejected the plaintiff’s request for more than 45 billion, noting that he did not demonstrate any measurable financial loss. Judges said many of his claims were hypothetical rather than supported by evidence.

Plaintiff claimed massive losses, including business and family rights

In earlier submissions, Hảo argued that the absence of his original academic records caused wide ranging consequences in his professional life. He claimed he lost income, missed policy benefits and even asserted that it affected his right to register his children’s birth certificates and his ownership of a business.

He estimated emotional and reputational damages in addition to economic losses, reaching a total of more than 45 billion. At the hearing, he stated that his personal monthly income had been between 150 million and 200 million, although he could not provide documentation to verify this figure. He also could not show proof that he had submitted his household registration book to the university for storage.

A dispute decades in the making

Hảo graduated in 1989 but never collected his diploma. The university explained that students were required to collect their certificates in person and stated that Hảo made no request between 1994 and 2017. From the university’s perspective, this gap in communication was his responsibility.

In 2017, when he finally contacted the school, administrators reported that they could not locate his records. Two years later, in 2019, the university found the original file and issued his diploma.

The appellate ruling confirms that the university bears limited responsibility for the delay but is not liable for the vast financial and emotional damages the plaintiff claimed.

Vietnam Insider will continue to monitor related legal developments if they arise.

Vietnam’s “Traffic Police in the Sky” Ready for First Flights at Long Thành International Airport

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Long Thanh International Airport is approaching its first operational phase, and Vietnam’s aviation authority has confirmed that the air traffic controllers assigned to the new facility are fully prepared for the initial flights. The Vietnam Air Traffic Management Corporation reports that final preparations are moving at an accelerated pace, with controller readiness treated as the most important milestone.

High intensity simulations used to train controllers for real emergencies

A delegation from the Civil Aviation Authority of Vietnam recently inspected the Southern Air Traffic Management Center. The visit focused on simulator training for controllers who will staff the Long Thanh control tower.

During the sessions, controllers practiced handling multiple complex scenarios at once, including sudden weather changes, navigation equipment malfunctions, communication failures and aircraft emergencies. The exercises were designed to test composure, situational judgment and procedural accuracy under heavy pressure.

Authorities noted that the controllers demonstrated strong coordination, precise execution and confident responses in all abnormal situations. Electronic reference tools used during simulations also helped improve decision speed and accuracy.

Why this training matters for Long Thanh’s opening

Long Thanh International Airport is the largest aviation project ever built in Vietnam. It is expected to become the country’s primary international gateway once operations expand. The readiness of its controller team is therefore considered a foundation for safe and efficient early operations.

Air traffic controllers oversee every movement of aircraft in the air and on the ground. They monitor weather conditions, guide aircraft during takeoff and landing and maintain safe separation between flights. They also react immediately to any irregularity that occurs. Many in the aviation industry describe them as the traffic police of the sky because their decisions directly influence the safety of every journey.

A key milestone for Vietnam’s next phase of aviation growth

The strong performance of the controller team marks a significant step forward for Vietnam’s aviation sector at a time when regional travel demand continues to rise. Once Long Thanh begins service, it is expected to ease congestion at Tan Son Nhat Airport and position Vietnam as a more competitive hub in Southeast Asia.

Vietnam Insider will continue to follow developments as the airport moves closer to receiving its first aircraft.

Man in Hanoi Faces Murder Charge After Pushing Traffic Officer Into Path of Moving Truck

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Hanoi police are investigating a shocking roadside incident in which a motorcyclist allegedly grabbed a traffic officer and pushed him toward an oncoming truck, an act authorities say could have been fatal.

The suspect, Đặng Từ Minh, is now expected to face charges of attempted murder, according to the Hanoi Police Investigation Office.

Stopped for a Helmet Violation, Then Turned Violent

The confrontation occurred at 13:35 in Phượng Dực Commune, when Minh was stopped for riding a motorcycle without a helmet, a routine traffic violation in Vietnam.

Officer Nguyễn Duy Điệp, from Hanoi’s Road Traffic Police Team No. 8, directed Minh to pull over. As Điệp began escorting the motorcycle back to the checkpoint to issue a citation, Minh allegedly attacked.

Security camera footage shows the suspect rushing from behind, wrapping his arms around the officer and forcefully shoving both the officer and his own vehicle toward the front of a passing truck.

Officer Narrowly Escapes Being Crushed

In a split second, Officer Điệp managed to twist away, narrowly avoiding the truck’s wheels. The motorcycle, however, was pulled under the vehicle and crushed.

Police described the escape as a “near miss by mere inches,” emphasizing how quickly a standard traffic stop escalated into a life threatening situation.

Suspect May Be Charged With Attempted Murder

Hanoi’s investigative police office is now working with specialized units to finalize the case file. Officials say the severity of the act — intentionally pushing an officer into the path of a heavy truck — qualifies under Vietnam’s criminal code as conduct with the intent to kill.

The case has sparked widespread discussion online in Vietnam, where assaults on traffic police occasionally make headlines and raise concerns about officer safety during roadside enforcement.

Authorities are expected to release additional details once charges are formally issued.

Australian Father Moved as Vietnamese Children Warmly Welcome His Son With Down Syndrome

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When Australian traveler Alan Hitzroth arrived in Ho Chi Minh City with his 26 year old son Joey, who has Down syndrome, he carried a familiar fear: Would people accept his son — or recoil from him?

Within minutes of a chance encounter on a quiet Saigon street, that fear dissolved.

A now viral one minute video shows Joey shyly exchanging high fives with a group of Vietnamese primary school children who greet him with waves, smiles and spontaneous hugs. The clip has been viewed more than two million times, capturing global attention for its pure display of joy and acceptance.

For most viewers, it is a heartwarming moment.
For Alan, it was something deeper — proof that his son could feel truly welcome in the world.

A Trip Chosen for Care, Not Convenience

Alan and Joey live in Bali and frequently take short overseas trips to renew their visas. Singapore and Malaysia had been their usual choices, but this time Alan chose Vietnam because the flight duration was manageable for Joey, whose sensory sensitivity can make travel overwhelming.

People living with Down syndrome or autism often struggle with unfamiliar environments, noise and unpredictability. According to the World Health Organisation, travel can trigger panic episodes and emotional shutdowns.

And indeed, minutes after arriving at their rented Saigon apartment, Joey experienced a ten minute meltdown — a common response for those with sensory overload.

But outside, the city’s famously chaotic traffic and bustling sidewalks didn’t unsettle him. In some ways, Alan said, it reminded Joey of Bali.

A Greeting That Changed Everything

On the morning of December 2, while walking through a residential neighborhood in Khánh Hội Ward, the pair passed a group of schoolchildren eating breakfast on the sidewalk.

Instead of the hesitation, staring or avoidance Alan had grown used to in many countries, the children shouted “Hello!” in unison, waved eagerly and then reached out to hug Joey.

“Most people freeze or back away when they see Joey’s differences,” Alan said. “These children didn’t hesitate for a second. They were open, warm, fearless.”

That simple moment — a high five, an unplanned hug — broke through Joey’s shyness and lit up his face.

A Complex Family Story Behind a Simple Smile

Joey’s journey with Alan is intertwined with the deepest loss. Alan and his wife adopted Joey after losing two daughters — one to meningitis and another, Ariel, who also had Down syndrome, at the age of five. Caring for Joey, Alan says, has filled a space that grief once consumed.

Daily life revolves around Joey’s routines: bathing, eating, emotional regulation and constant supervision. He sometimes experiences psychological episodes that cause self harm or sudden aggression, requiring Alan to calm and protect him.

“He wants so much to connect with people,” Alan said. “That’s why these small interactions matter.”

Traveling With a Gluten Free Diet in Vietnam

Food is one of Joey’s comforts. He loves rice — especially fried rice — which makes most Asian countries more accessible. But keeping him gluten free is challenging, as soy sauce, oyster sauce and soup powders used in Vietnamese cooking often contain wheat.

Still, Alan said most restaurants were accommodating and adaptable when he explained their needs. Joey fell in love with Vietnamese spring rolls.

“Give us rice, and we can survive anywhere,” Alan joked.

A Viral Moment Changing Perceptions of Inclusive Travel

Vietnam has earned repeated recognition from Travel + Leisure and Condé Nast Traveler as one of the friendliest countries in the world. The reaction to Joey has reinforced that image and sparked conversation globally.

Parents of children with Down syndrome from Europe, the United States and Asia responded under the viral video, saying the moment inspired them to consider traveling internationally again — and to put Vietnam on their shortlist.

For disability advocates, the video is a reminder that inclusivity is not only about accessibility infrastructure but also about human attitude.

“These children showed empathy without needing a single word,” one social media user wrote.

They Plan to Return — With a Mission

Alan and Joey’s visas are valid until June next year, but they already intend to return sooner.

Most of all, Alan hopes to revisit the school where the children greeted Joey. He wants them to understand just how much their small act meant:

“It wasn’t just a hug. It was a message — that my son belongs. Vietnam showed us compassion without language. We will absolutely come back.”

Vietnam Eliminates Licensing Requirements for 38 Business Sectors in Major Regulatory Overhaul

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New amendments shift the country toward a post-audit model, reduce administrative burdens, and open wider space for private-sector growth.

Vietnam has approved one of its most sweeping business-environment reforms in years, voting to eliminate licensing requirements for 38 conditional business sectors starting July 1, 2026. The revised Investment Law was passed on December 11 with nearly 90% support in the National Assembly, marking a significant step toward greater economic liberalization.

Under the new law, Vietnam will officially reduce the number of conditional business lines requiring permits from 234 to 196, with key removals concentrated in finance–accounting, agriculture and fisheries, construction, and transportation. Regulators emphasized that these sectors no longer require pre-approval and will instead be governed through post-audit mechanisms and compliance with technical standards.

The reform follows recommendations from the National Assembly’s Economic and Finance Committee, which called for a systematic review of business conditions to eliminate those deemed unnecessary, burdensome, or duplicative. Only industries connected to national defense, security, public morality, or public health will continue to require strict oversight. The committee also urged the Government to define clear criteria for what qualifies as an appropriate business condition and to publicly disclose the minimum compliance costs for each requirement.

During the explanatory session, the Government confirmed it will instruct ministries to redesign regulatory frameworks in affected sectors. The goal is to move decisively from “pre-check” to “post-check,” shifting from licensing toward registration or notification systems wherever appropriate, while applying national standards and technical specifications as the primary tools for supervision.

The amended law also introduces substantial changes for overseas investment projects. Those below a capital threshold to be specified by the Government — except projects in banking, insurance, securities, media, and real estate — will no longer require policy approval by the National Assembly or the Prime Minister. Instead, investors will only need to register foreign-exchange transactions with the State Bank of Vietnam before transferring money abroad. This simplifies procedures for the majority of outbound projects. As of June, Vietnam had 1,916 active overseas investment projects with total registered capital exceeding USD 23 billion, and more than two-thirds of them have capital below VND 20 billion.

In addition, the scope of projects requiring policy approval within Vietnam has been narrowed. Several project types have been removed from the approval list because they are already effectively regulated under specialized laws. These include industrial-cluster infrastructure projects, mineral extraction projects awarded through auctions, emergency public-works projects, and housing or urban-area developments where investors already possess legal land-use rights.

The revised Investment Law will take effect on March 1, 2026, with the new rules on conditional business sectors becoming effective July 1, 2026. Together, these changes are set to reduce administrative friction, boost investment activity, and strengthen Vietnam’s appeal as a competitive regional hub for business and innovation.

Vietnam’s VN-Index Dives Below 1,700 on Liquidity Crunch Foreign Outflows and Vingroup Sell-Off Signal Caution, But 2026 Upgrade Could Spark $30B Rebound

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As Vietnam’s economy hums at 7% GDP growth—outpacing regional peers amid US-China supply chain shifts—its stock market’s plunge below the 1,700 VN-Index mark exposes a stark vulnerability: evaporating liquidity amid persistent foreign outflows totaling $4.5 billion year-to-date. 8 This six-month low in trading volume, down to VND 15.2 trillion ($600 million), echoes Indonesia’s 2023 rupiah rout, where capital flight tested emerging market resilience, yet it also primes selective bargains for investors betting on FTSE’s 2026 emerging market upgrade to unlock $25-30 billion in inflows.

The VN-Index tumbled 20 points to close at 1,699 on December 10, after oscillating in negative territory all session, with early recovery bids fizzling into amplified swings on razor-thin volumes—a classic hallmark of sentiment-driven pullbacks rather than fundamental cracks. 0 Trading value cratered over VND 4.6 trillion from the prior day, as domestic players hunkered down post a multi-week rally that had propelled the benchmark up 32.8% year-to-date. 8 All major sectors—real estate, banking, and financials—posted losses, underscoring broad-based caution ahead of year-end profit-taking.

Heavyweights from Vingroup led the rout, with VIC shedding 1.9% on VND 1,133 billion in volume—the session’s highest—followed by VHM (-2.3%) and VPL (-5%), their outsized market cap dragging the index like anchors in a storm. 0 Pressure mounted from blue chips including VPB, VJC, VCB, GMD, VNM, TCX, and MBB, while new listings faltered: VPX plunged 9.1% in its debut, and PET hit the floor. Pockets of resilience shone through, though, as BMP and QCG surged to daily limits, hinting at rotational plays in niche industrials.

Foreign investors amplified the slide, marking a fifth straight net-selling session with VND 489 billion offloaded—targeting VIC, STB, VHM, and GMD—yet they scooped up VND 240 billion in FPT, affirming faith in Vietnam’s tech darling amid a broader $4 billion exodus driven by currency hedging and rate jitters. 6 Analysts at VinaCapital urge “disciplined risk management,” tracking liquidity for rebounds, as thin-volume corrections often precede swift rotations—much like Thailand’s SET index snapback post-2024 dips.

This cooldown, after October’s record highs, isn’t a death knell but a setup for 2026’s FTSE inclusion bonanza, potentially mirroring India’s 2009 upgrade that drew $10 billion overnight. Contrarian call: With VN-Index at 12x forward P/E versus 17% earnings growth, load up on FPT and banks now—before inflows flip the script. Portfolio pros, bargain hunt or bail? Your 2026 alpha awaits—sound off.

A Year-End Highlight for Prudential Vietnam: Honoured among Top 100 Sustainable Companies in Vietnam and Top 50 Vietnam The Best 2025

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In the first week of December, Prudential Vietnam earned further positive recognition as the company was once again listed among the Top 100 Sustainable Companies in Vietnam 2025 (CSI100), marking its ninth consecutive appearance on the prestigious ranking. The company was also honoured as one of the Top 50 Vietnam The Best 2025, reaffirming its continued commitment to building a responsible and sustainable business model.

For CSI100 awards, organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam Business Council for Sustainable Development (VBCSD-VCCI), the Corporate Sustainability Index (CSI) is structured around comprehensive criteria that holistically reflects every aspect of enterprise’s operations. These include foundational business information, organisational structure and workforce, priority issues, business performance over the past three years, and practices related to governance, environmental protection, and social and labour responsibility.

Prudential’s long-standing presence in CSI100 reflects a comprehensive series of initiatives the company has consistently implemented over the years. In 2025, Prudential continued to uphold strong governance and operational consistency while deepening efforts to deliver sustainable value to the community through long-term strategies. In the investment sector, Prudential further advanced its sustainable investment approach through the PRUlink Vietnam Sustainable Development Equity Fund, launched in 2024 as the first unit-linked fund in Vietnam’s life insurance market enabling customers with unit-linked products to invest in line with sustainability practices.

Additionally, Prudential is actively engaged in international climate initiatives, partnering with the Earth Observatory of Singapore (EOS) under the Climate Impacts Initiative. The company has implemented a range of emission-reduction measures in the workplace aligned with circular-economy practices, including piloting solar power installation, enhancing energy efficiency through LED lighting, turning off equipment outside working hours, and optimising overall electricity use. Prudential also promotes greener commuting through employee shuttle bus services and encourages waste reduction via structured collection–sorting–recycling systems, regular battery collection, and internal communications on energy conservation. These efforts underscore the company’s strong commitment to green operations and to empowering employees to contribute to its Net Zero 2050 goal.

In terms of community support, Prudential continues to implement CSR programmes with a total budget exceeding VND 325 billion and over 600,000 beneficiaries since 2011. Signature initiatives include Prudential – Trao Gửi Yêu Thương (emergency disaster relief), PRUVolunteers programme, an international volunteer programme organised by the Prudence Foundation, and long-term community projects such as Safe Steps Kids Road Safety (Đến Trường An Toàn) and Cha-Ching, a financial education initiative for children. Through initiatives spanning sustainable investment, transparent governance, human development, and community support, Prudential is actively contributing to Vietnam’s national sustainability agenda.

Australia now bans social media for under-16s. Should Vietnam follow?

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From 10 December 2025, Australia is the first country that officially bans users aged under 16 from owning a social media account. RMIT experts offer psychological and cyber security insights on the potential implications of a similar ban in Vietnam.

Why ban social media for under-16s?

Social media has been identified as one of the factors contributing to declining youth mental health and wellbeing, disrupted sleep, and reduced attention span. Meanwhile, children are spending less time in free play with friends or exploring nature, limiting their opportunities for real-world learning and development. Because the brain undergoes restructuring during adolescence, excessive and repeated experiences on social media may have lasting effects

Ms Vu Bich Phuong, RMIT Psychology Associate Lecturer, acknowledges Australia’s initiative. “This bold move shows Australia’s determination in tackling risks and subtle cyber crimes against children. The social media ban also suggests a share in responsibility that not only parents but tech giants should also be responsible”. 

Ms Phuong suggests that, while traditional forms of media entertainment like film and television are carefully monitored, censored, and age-regulated, social media – which feeds more directly and is freely created by anyone – has not received the same legal oversight. “Australia’s social media ban implies that all forms of media should be treated the same in terms of psychological and legal consequences,” she says.

Children are spending less time in free play with friends or exploring nature, and more time with technology. (Photo: Pexels)

Banning social media may not solve the root problems

Vietnam can consider this option. However, enforcement of such a ban is not simple, and parental supervision is still crucial. 

“We can look around and see Vietnamese children watching TikTok or Facebook reels from their parents’ or grandparents’ smartphones. They don’t need their own account to use social media,” Ms Phuong stresses. “Owning an account and passively viewing social media contents are different. Many platforms have public content that does not require logging in for viewing.”

Gender equity is another issue. While teenage girls often engage with “classic” social networks like Instagram and TikTok, teenage boys spend more time playing multiplayer games with online friends.

“In a real sense, gaming platforms can function like social networks for boys – they’re just focused on a shared online activity, rather than on the social connection itself,” notes Dr Gordon Ingram, RMIT Senior Lecturer in Psychology. Banning social networks but not online gaming thus creates gender equity issues, which could seem very unfair to girls.

“The ban may also drive teens to migrate to other text messaging and gaming platforms, like WhatsApp, Discord, and Roblox, or use VPNs to mask their location”, says Dr Jeff Nijsse, RMIT Senior Lecturer in Software Engineering. While VPNs can mask IP addresses, they may also break the geo-neighborhood algorithms, isolate users from their local peer groups, and serve them irrelevant content from foreign regions. Free VPN apps may introduce even more risks such as malware.

Another problem raised by Dr Nijsse is junk SIM cards. Vietnam requires all social media accounts to be verified via a mobile number. However, junk SIMs remain available on the local market, offering a potential workaround for users seeking to bypass verification.

Without government IDs, platforms are turning to facial age estimation, but this technology is still immature. The Australian government’s own trials revealed that their AI models struggle to correctly identify the 13-16 age demographic. 

“Compounding this is a data privacy paradox: privacy laws limit the collection of children’s biometric data, preventing AI models from being trained effectively on adolescent faces,” Dr Nijsse points out. “Relying on facial estimation risks a high rate of false positives or false negatives, potentially blocking adults or wrongly admitting children.”

Are there more sustainable strategies?

Given the problems with implementing a social media ban, many experts consider that a “digital safety” approach can be much more effective. The digital safety approach centres on educating children and parents about online risks, so that kids can be more aware of the dangers, and parents can better understand what their kids are doing with technology. But it is more than just digital literacy education. 

“Digital safety also means advocating for tech companies to build more safety features into their apps and algorithms, and for researchers and designers to take young people’s own perspectives and activities more into account,” explains Dr Ingram. “That can help create a safer, more inclusive internet that better aligns with children’s needs and protects their vulnerabilities.”

The OECD-recommended “four pillars” of the digital safety approach – digital literacy training for both young people and their parents, regulation for safer technology, and child-centred design – could form the basis of an approach to social media in Vietnam that is more effective, equitable and sustainable than an outright ban. 

Important strides have already been made in these areas. The first national program to protect Vietnamese children in cyber environments was approved by the Vietnamese Prime Minister in 2021. In early 2025, an online training program on internet safety was launched for youth, which was well received by more than 11,000 children. For the next period 2026-2030, youth’s feedback and suggestions were recently collected to help refine the program and make it more relevant to their ever-evolving online activities. 

However, more can be done in the future. Digital literacy training for adults (including parents, other caregivers, and teachers) may be an area that is lacking. According to Dr Ingram, “Vietnamese parents need to be more aware of what their children are doing online, have meaningful conversations with them about their activities, and learn about digital safety tools available to block harmful content, limit screen time, and prevent online contact by strangers.” 

Rather than banning social media completely, a better use of regulation is to make tech companies comply with creating a safer online environment for children and young people. For example, they should make reporting functions more visible and easier to use, and provide child-safe settings with active content moderation. “This is particularly important as young people’s use of AI tools will also explode over the next few years,” Ms Phuong stresses.

The world’s first social media ban for children is now enforced, but more actions are needed. Media literacy, parental supervision, big tech compliance, and child-centred design are critical in providing a safe environment for young people. Only then can they sustainably benefit from one of the most influential technologies of the 21st century.

ENDS

Asia’s Hottest Market Crashes 1.6%: Why Vietnam’s Plunge Is an Opportunity, Not a Crisis

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VN-Index Suffers Sharpest Daily Decline in the Region as Vingroup Stocks See Mass Profit-Taking, But Analysts Predict a Short-Lived Correction with 1,920 Target in Sight.

The market momentum that defined Vietnam as Asia’s undisputed growth champion abruptly stalled, culminating in the steepest single-day decline across the region as the VN-Index plummeted 1.6% on December 10. While the headline figure suggests panic, this concentrated sell-off—driven primarily by investors locking in profits across the high-flying Vingroup conglomerate stocks (VIC, VHM, VRE)—is being widely interpreted by global analysts not as a structural failure, but as a necessary “healthy reset.” This volatility comes at a crucial time when global fund managers are scouting for the next major emerging market play, and Vietnam’s fundamentals—from its robust Foreign Direct Investment (FDI) pipeline to its double-digit GDP growth targets post-2026—suggest the sudden pullback is merely a fleeting opportunity for international investors to buy into a powerful multi-year growth narrative at a discount.

The swift 28-point drop was overwhelmingly a technical correction, with four Vingroup-linked companies singularly responsible for erasing 27 points from the index after weeks of aggressive gains. This concentrated liquidation echoes the pattern often seen in frontier markets where large, heavily-weighted index components are prone to outsized influence. However, beneath the surface of the short-term profit-taking, the broader market remains underpinned by compelling structural drivers. SSI Research highlights that the December-March period is historically the strongest four-month window for Vietnamese equities, boasting a 75% probability of positive returns, far eclipsing performance in other quarters.

Crucially, many large-cap stocks in high-potential sectors like Banking and Basic Materials have yet to fully participate in the recent rally and are trading at attractive valuations. This creates a powerful setup for “bottom-fishing” demand, especially as system-wide liquidity constraints are expected to ease with interest rates softening toward the year-end and new listings freeing up capital. Institutional forecasts confirm the long-term bullish thesis: Dragon Capital projects corporate earnings growth of over 21% in 2025, while SSI Research has a target of 1,920 for the VN-Index by 2026.

The value proposition for global capital is particularly compelling when comparing Vietnam to its regional peers. With a projected 2026 Profit-to-Earnings Growth (PEG) ratio of just 0.96, Vietnam ranks among the most attractively priced growth markets in Asia. This valuation metric is critical as the market anticipates a potential upgrade from frontier to emerging market status, a structural shift that could trigger mandatory inflows from passive global funds managing trillions of dollars. This prospective re-rating, supported by strong FDI and accelerated national infrastructure plans, provides a high-conviction catalyst that transcends any single-day market fluctuation.

Ultimately, the December 10 crash was the market shedding excess froth, not an indication of fundamental decay. For investors looking past the noise, the question isn’t whether Vietnam will rebound, but how quickly. The current dip offers global funds a tactical entry point into a market targeting one of the highest corporate earnings growth rates worldwide, making this correction arguably the most compelling discount available in the Southeast Asian investment landscape right now.

Deadly Vietnam Highway Crash That Killed Four Linked to Driver Fatigue and Lack of Seatbelts

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A fatal collision on the Đà Nẵng – Quảng Ngãi expressway that left four passengers dead and seven injured has been linked to driver fatigue, non compliance with seatbelt rules and drug use by one of the drivers, according to Vietnam’s Traffic Police Department.

Authorities say the crash, which occurred early on December 9, highlights persistent road safety challenges on Vietnam’s expanding expressway network.

Passenger Van Driver Drove Nonstop for Five Hours

Police have identified Phạm Văn Kiều as the driver of the 16 seat passenger van involved in the collision. Kiều had reportedly been driving continuously for five hours, exceeding Vietnam’s legal driving time limit for commercial operators.

Before the accident, he had driven a long route starting in Lâm Đồng Province, passing through Khánh Hòa and continuing north toward Đà Nẵng.

At 4:12 AM, his vehicle collided with a tractor trailer traveling ahead of it on the same expressway.

None of the Occupants Wore Seatbelts

Investigators found that neither the driver nor the passengers were wearing seatbelts — a factor that significantly worsened the impact.

Officials say the force of the collision hurled two passengers from the rear seats forward, causing fatal head and neck trauma. Another passenger also suffered multiple critical injuries and later died in hospital.

“The case shows that wearing seatbelts is as essential in cars as helmets are on motorbikes,” a Traffic Police Department spokesperson said.

Truck Driver Tested Positive for Drugs

The second vehicle involved, a truck and semitrailer driven by Bùi Mạnh Thắng, also contributed to concerns. Thắng tested positive for narcotics, police confirmed, though further investigation is needed to determine his role in the crash and whether impairment was a direct factor.

Both vehicles were severely damaged.

Investigation Underway Into Causes and Liability

Police are now examining:

  • driver fatigue

  • compliance with rest time regulations

  • potential speeding

  • lighting and visibility conditions at the time of the crash

  • the confirmed drug use by the truck driver

The Đà Nẵng – Quảng Ngãi expressway, part of Vietnam’s national north–south transport corridor, has seen rising traffic volumes as logistics and tourism expand, increasing scrutiny on safety standards.

Authorities say they will release additional findings once the investigation progresses.

Hanoi Firefighters Rescue 11 Year Old Boy After Fall From High Rise Onto Supermarket Roof

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Emergency crews in Hanoi rescued an eleven year old boy who fell from a high floor of the Hồ Gươm Plaza apartment complex onto the roof of a supermarket below, authorities confirmed late Monday.

The dramatic rescue operation took place in Hà Đông District on December 9, prompting a large response from the city’s Fire and Rescue Police.

Multiple Fire Units Deployed Within Minutes

At 16:44, Hanoi’s emergency command center received calls from residents reporting that a child had fallen from the building. Police dispatched:

  • one rescue truck

  • one ladder truck

  • two firefighting vehicles

  • officers from Rescue Teams 4 and 15

When crews reached the scene, they found the boy conscious but unable to move, suffering fractures to both an arm and a leg.

Stabilized on the Roof, Then Lowered to Safety

Rescue teams provided first aid on the supermarket’s metal roof, splinting the injured limbs before using a ladder truck to lower the boy to ground level.

Authorities did not disclose how far the child had fallen or the circumstances leading to the incident, which remain under investigation.

Urban Child Safety Under Spotlight

The case again raises concerns about child safety in high rise residential complexes, which have rapidly proliferated across Hanoi and other Vietnamese cities. Incidents involving unsupervised children and unsecured balcony areas occasionally surface, prompting calls for stricter building safety compliance and parental awareness campaigns.

The boy has been transferred to a nearby hospital for further treatment.

Vietnam Insider will update readers as new details become available.

Hanoi Police Arrest Alleged Ringleader Who Ordered Assault at Times City Café

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Hanoi police have arrested a twenty six year old man accused of ordering an assault inside a café in one of the capital’s busiest residential complexes. The case has drawn public attention in Vietnam, where growing concerns over youth violence and organized intimidation have put added pressure on law enforcement.

The suspect, Nguyễn Văn Thiên, has been charged with disturbing public order and was taken into pre trial detention this week, according to the Hanoi Police Department.

Employee Attacked After Asking Customers Not to Smoke Indoors

The incident took place on September 17 at Góc Quán, a café inside the Times City urban development in Vĩnh Tuy Ward.

Police say Nguyễn Long Vũ, age twenty two, assaulted a café employee identified as N.M.Đ., age twenty seven, after the staff member asked the group to stop smoking indoors. Vũ allegedly slapped and punched the employee in the face, knocking him to the floor.

Vũ was arrested two days later on charges of disturbing public order.

Investigation Reveals a Director Level Figure Orchestrated the Attack

During the investigation, police uncovered evidence suggesting that Thiên instructed Vũ to strike the employee, elevating the case from a spontaneous altercation to an organized act of intimidation.

Thiên, who online sources had previously portrayed as a “tổng tài” or self styled young business executive, was formally charged and taken into custody on December 4.

Authorities did not provide details about the nature of Thiên’s business activities or his relationship to Vũ, but noted that the case remains open as investigators continue gathering evidence.

Broader Context: Public Order Crackdowns in Urban Vietnam

The arrest comes as Hanoi and Ho Chi Minh City step up enforcement against disorderly conduct in nightlife areas, residential complexes and commercial centers. Incidents involving influencers or self proclaimed businessmen have increasingly surfaced on social media, prompting calls for stricter accountability.

Police say they are continuing to review surveillance footage, witness statements and digital communications to determine whether additional individuals will face charges.

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